Senior Performance & Rewards Strategist

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

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