Senior Manager – HR Performance & Rewards recruitment
JOB DUTIES AND RESPONSIBILITIES:
- Supporting the creation and review of Organisational Reward Strategy to ensure that there is a line of sight between Performance and Reward and ensuring suitable correlation between risk and reward.
- Supporting the development, implemention and review compensation structures and salary packages for all employees, while maintaining internal and external equity (includes market adjustments, variable rewards, developing and maintaining salary ranges and incentive programs (Long and short term).
- Supporting the development, implemention and review of variable pay mechanisms to ensure market suitability of reward and allignment with organisational goals - Specific focus on design and implementation of fit for purpose variable structures for Invetment and treasury in the short term.
- Benchmarking employee compensation and benefits with relevant comparators in the market and best practice to ensure external competitiveness of compensation.
- Owning the process of job evaluation and job design to ensure that compensation decisions are based on the appropriate parameters and relative internal parity is maintained.
- Ensuring that compensation structures and policies are communicated appropriately such that organisational thought process is conveyed to employees and both organisation and employees benefit from compensation decisions.
- Building networks with HR consultants and HR managers in the other banks in the region so as to share data and seek clarification on practices.
- Improving the efficiency and effectiveness of the systems supporting the C B Programs.
- Assisting the Head of Rewards in other Operational areas as and when required.
- Resolving employee queries pertaining to compensation benefits.
- Directing preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies as required.
KEY PERFORMANCE INDICATORS:
- Policy recommendations accepted by PPC.
- Retention rate of key talent (top quadrant in talent management model).
- Formulation of plan for Bank wide communication programs on pay and benefits within defined timelines.
- Turn around time in introducing new reward plans.
- Implementation of new rewards strategy.
OTHER SKILLS:
- Familiarity of labor and tax laws.
- Well versed in compensation benefits policies and industry trends.
- Interpersonal and communication skills to challenge and support business.
- Overall understanding of all business segments (models, structure, products).
- Knowledge of latest HR practices in relation to performance management.
EDUCATIONAL QUALIFICATIONS:
- Post Graduate Degree in Management/HR with specific qualifications in Compensation being desirable with a minimum 8 -12 years working experience of which 4-5 years should have been in core compensation and benefits function. Should have exposure in multiple areas of HR - preferable.
February 18, 2012
• Tags: HR & Recruitment careers in the UAE, HR Performance & Rewards recruitment, Senior Manager • Posted in: Financial