Senior Executive, Compensation & Benefits

Toyota Malaysia; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

Toyota Malaysia is seeking a Senior Executive, Compensation & Benefits responsible for designing and managing comprehensive compensation and benefits programs aligned to our business goals. You will analyze salary data, develop competitive structures, oversee incentives, and ensure regulatory compliance across Malaysia.

The role requires 3–5 years in compensation and benefits, a relevant bachelor's degree, CCP/CBP preferred, and strong analytical and communication skills to work with HR and

Qualifications

• Bachelor's degree in HR, business, finance, or related field.
• 3–5 years of experience in compensation and benefits with market analysis.
• CCP or CBP certification preferred.
• Proven experience with compensation software and HRIS systems.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong attention to detail and organizational skills.
• Ability to communicate effectively with all levels of the organization.
• Proficiency in Microsoft Office, particularly Excel.

Responsibilities

• Develop and implement compensation strategies that attract, retain, and motivate employees.
• Conduct market research and analysis to ensure competitive compensation practices.
• Design salary structures, incentive plans, and other compensation programs.
• Perform job evaluations and salary benchmarking.
• Ensure compliance with federal, state, and local compensation and benefits laws and regulations.
• Prepare and submit required regulatory reports and filings.
• Manage and administer employee benefits programs, including health insurance, retirement plans, and wellness initiatives.
• Evaluate and recommend enhancements to benefits offerings to remain competitive in the marketplace.
• Communicate benefits information to employees and provide guidance on benefits-related queries.
• Develop and implement compensation and benefits policies and procedures.
• Provide training and support to HR staff and managers on compensation and benefits practices.
• Serve as a point of contact for employee inquiries related to compensation and benefits.
• Resolve issues and concerns in a timely and effective manner.
• Conduct regular audits to ensure the integrity and accuracy of compensation and benefits data.
• Lead and participate in special projects related to compensation and benefits.
• Collaborate with cross-functional teams to support organizational initiatives.

Skills

Compensation analysis

Market analysis

HRIS systems

Excel

Data auditing

Stakeholder communication

Education

Bachelor's degree in HR, Business Administration, Finance, or related field

Tools

HRIS systems

Excel

Compensation software

Job description

The Senior Executive, Compensation & Benefits is responsible for designing, implementing, and managing comprehensive compensation and benefits programs that align with the organization's strategic objectives. This role involves analyzing compensation data, developing competitive salary structures, administering benefits programs, and ensuring compliance with relevant laws and regulations. The ideal candidate will possess strong analytical skills, a deep understanding of compensation and benefits practices, and the ability to manage multiple projects in a fast-paced environment.

Responsibilities:

Compensation Analysis:

Develop and implement compensation strategies that attract, retain, and motivate employees.

Conduct market research and analysis to ensure competitive compensation practices.

Design salary structures, incentive plans, and other compensation programs.

Perform job evaluations and salary benchmarking.

Compliance & Reporting:

Ensure compliance with federal, state, and local compensation and benefits laws and regulations.

Prepare and submit required regulatory reports and filings.

Maintain accurate and up-to-date records and documentation.

Benefits Administration:

Manage and administer employee benefits programs, including health insurance, retirement plans, and wellness initiatives.

Evaluate and recommend enhancements to benefits offerings to remain competitive in the marketplace.

Communicate benefits information to employees and provide guidance on benefits-related queries.

Policy Development & Implementation:

Develop and implement compensation and benefits policies and procedures.

Provide training and support to HR staff and managers on compensation and benefits practices.

Employee Relations & Support:

Serve as a point of contact for employee inquiries related to compensation and benefits.

Resolve issues and concerns in a timely and effective manner.

Conduct regular audits to ensure the integrity and accuracy of compensation and benefits data.

Project Management:

Lead and participate in special projects related to compensation and benefits.

Collaborate with cross-functional teams to support organizational initiatives.

Requirements:

Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.

Minimum of 3-5 years of experience in compensation and benefits, with a strong understanding of compensation practices, market analysis, and benefits administration.

Certification in Compensation (CCP) or Benefits (CBP) is preferred.

Proven experience with compensation software and HRIS systems.

Excellent analytical, problem-solving, and decision-making skills.

Strong attention to detail and organizational skills.

Ability to communicate effectively with all levels of the organization.

Proficiency in Microsoft Office Suite, particularly Excel.

Personal Attributes:

Strategic thinker with the ability to develop and implement innovative solutions.

Strong interpersonal skills and the ability to build effective working relationships.

High level of integrity and confidentiality.

Adaptable and able to manage multiple priorities in a dynamic environment.