Senior Performance & Rewards Executive

Takaful Malaysia; Kuala Lumpur; On-site; MYR 67,000 - 134,000; Full time

Job summary

Takaful Malaysia is seeking an experienced professional to support the Head of Performance, Rewards & System in administering Performance Management and Rewards initiatives for the People Division as a strategic business partner. You will assist in setting KRAs/KPIs, administer annual reviews, calibrations, and governance for performance and pay programs.

Ideal candidates will maintain data integrity across HRIS systems, support new performance systems, and help align frameworks with

Responsibilities

• Initiate Performance Management exercise announcement for all staff.
• Assist in setting of KRA/KPI activities.
• Administer annual performance review exercise for all employees including Senior Managements.
• Assist in performance calibration HoD/Senior Management.
• Monitor and consolidate employee individual sales achievement quarterly.
• Custodian of company’s performance management related documents.
• Perform review on performance management policies and processes and provide recommendation for improvement for time to time.
• Manage governance coordinator’s appointment.
• Maintain performance management data and records.
• Manage and support implementation of new Performance Management system.
• Support the development and communication of performance frameworks and competency models to ensure alignment with organizational goals.
• Collaborate with Succession & Organisational Development team to link performance outcomes with targeted development interventions.
• Assist in executing all rewards annual exercises and new initiatives (STI and LTI).
• Assist in the development of reward strategies, ensuring that internal equity is maintained across all compensation processes and procedures.
• Assist in develop, implement, monitor and continuously improve the Performance related Pay and Reward policies and procedures.
• Assist in manage the reward and performance budgets.
• Participation in annual salary & benefits survey.
• Assist in reviewing employee’s cost analysis, market competitiveness and internal equity comparison on bonus/salary reviews.
• Prepare off-cycle proposals for Management’s approval i.e. counteroffer, salary adjustment, promotion and examination increment.
• Conduct market and internal benchmarking as and when required.
• Maintain all rewards related document and data.
• Manage and support implementation of new Advanced Compensation system.
• Participate in job evaluation and grading exercises to ensure internal equity and external competitiveness.
• Prepare data-driven insights and recommendations for annual compensation reviews and policy updates.
• Collaborate with System & Analytics team to ensure performance and reward data integrity across HRIS platforms.
• Recommend, revised and amend new and existing employee structures and benefits for market competitiveness.
• Periodically review of Employee Handbook to ensure accurate and up-to-date information.
• Prepare monthly attrition and counteroffer data.
• Other responsibilities as directed by Head of Performance, Rewards & System.
• Ensure all performance and rewards processes comply with internal governance frameworks, regulatory requirements, and industry best practices.
• Maintain confidentiality and integrity of sensitive compensation data in line with PDPA and organizational policies.

Job description

Responsible in assisting Head of Performance, Rewards & System in administration of Performance Management and Rewards initiatives and activities to support People Division as a strategic business partner to the organization.

Job Description

Performance Management

• Initiate Performance Management exercise announcement for all staff.
• Assist in setting of KRA/KPI activities.
• Administer annual performance review exercise for all employees including Senior Managements.
• Assist in performance calibration HoD/Senior Management.
• Monitor and consolidate employee individual sales achievement quarterly.
• Custodian of company’s performance management related documents.
• Perform review on performance management policies and processes and provide recommendation for improvement for time to time.
• Manage governance coordinator’s appointment.
• Maintain performance management data and records.
• Manage and support implementation of new Performance Management system.
• Support the development and communication of performance frameworks and competency models to ensure alignment with organizational goals.
• Collaborate with Succession & Organisational Development team to link performance outcomes with targeted development interventions.

Rewards Management

• Assist in executing all rewards annual exercises and new initiatives (STI and LTI).
• Assist in the development of reward strategies, ensuring that internal equity is maintained across all compensation processes and procedures.
• Assist in develop, implement, monitor and continuously improve the Performance related Pay and Reward policies and procedures.
• Assist in manage the reward and performance budgets.
• Participation in annual salary & benefits survey.
• Assist in reviewing employee’s cost analysis, market competitiveness and internal equity comparison on bonus/salary reviews.
• Prepare off-cycle proposals for Management’s approval i.e. counteroffer, salary adjustment, promotion and examination increment.
• Conduct market and internal benchmarking as and when required.
• Maintain all rewards related document and data.
• Manage and support implementation of new Advanced Compensation system.
• Participate in job evaluation and grading exercises to ensure internal equity and external competitiveness.
• Prepare data-driven insights and recommendations for annual compensation reviews and policy updates.

Other Responsibilities

• Collaborate with System & Analytics team to ensure performance and reward data integrity across HRIS platforms.
• Recommend, revised and amend new and existing employee structures and benefits for market competitiveness.
• Periodically review of Employee Handbook to ensure accurate and up-to-date information.
• Prepare monthly attrition and counteroffer data.
• Other responsibilities as directed by Head of Performance, Rewards & System.

Compliance & Governance

• Ensure all performance and rewards processes comply with internal governance frameworks, regulatory requirements, and industry best practices.
• Maintain confidentiality and integrity of sensitive compensation data in line with PDPA and organizational policies.