HEAD, TOTAL REWARDS

Pepsi-Cola Products Philippines Inc.; Muntinlupa; On-site; PHP 1,500,000 - 2,000,000; Full time

Job summary

A leading beverage company in Metro Manila is seeking an experienced professional to lead the development of their total rewards program, including compensation strategies and benefits administration. This role requires at least 15 years of experience in compensation and benefits management. The ideal candidate will also excel in project management and stakeholder communication, with a preference for experience in the FMCG sector.

Qualifications

• At least 15 years of work experience in compensation, benefits, rewards design, and management.
• Experience working in FMCG / beverage companies is a plus.

Responsibilities

• Lead and manage the development of compensation strategies.
• Conduct compensation benchmarking surveys.
• Develop and design benefits administration systems.
• Oversee performance management systems.

Skills

Managing multiple projects

Stakeholder management

Compensation strategy development

Benefits administration

Education

Degree in Business Administration, Statistics or related courses

Job description

JOB PURPOSE

Responsible for leading and managing the development, design, and administration of the total rewards program, policies, and systems covering base salary, statutory benefits, variable and fixed benefits, and rewards and recognition design to attract, motivate and reward talents essential to achieving the company's business objectives.

RESPONSIBILITIES

Compensation Strategy and Policies

• Develops compensation strategy, philosophy, and policies design to maintain internal equity while attracting, retaining, and motivating talents.

• Conducts or participates in compensation benchmarking surveys to compare the company's remuneration package versus target group or industry.

• Identifies strengths and weaknesses of the existing compensation package as a reference in the review, design, and development of the compensation strategy and policies.

• Recommends and secures approval of the compensation strategy and policies: salary structure, salary adjustments, benefits, rewards, recognition, etc.

• Communicates and cascades to HR team: HR Business Partners, HR Operations & Shared Services compensation policies and guidelines ensuring consistent implementation and communication across PCPPI.

• Designs and implements metrics to measure the effectiveness of the total rewards programs in achieving organizational objectives and recommends for modification, as needed.

• Keeps abreast of regulatory changes affecting benefit plans and ensures company benefit plans and practices comply with regulatory requirements.

Annual Salary Administration

• Leads in the conduct of annual salary review and salary increases taking into consideration overall company performance, affordability, sustainability, inflation, and individual performance anchored on company compensation philosophy.

• Recommends and secure approval of annual salary increases and guidelines, if warranted.

• Collaborates with HR Business Partners in the implementation of the approved salary increases.

• Resolves disputes and communicates resolutions on salary issues.

• Conducts periodic audit on the implementation of compensation policies: salary increase, salary adjustments, benefits administrations, etc. to ensure alignment and consistency of application.

CBA Compensation Strategy

• Develops compensation strategy for Unionized employees aligned with company strategy.

• Reviews and designs CBA compensation package during CBA negotiation in coordination with Labor and Industrial Relations and HRBP.

• Ensures compliance with regulatory requirements.

Benefits Administration

• Leads in the development and design of systems, procedures, templates for the consistent application of benefits.

• Conducts periodic review and audit on the implementation of company and regulatory benefits.

• Collaborates with HR Operations for alignment Develop, communicate, and administer competitive total rewards strategies, including compensation, benefits, retirement, engagement, and other programs, that are cost-effective and consistent with labor market trends and organizational objectives.

Performance Management

• Leads in the development and cascade of performance management systems and processes.

• Supports Functional Heads and HRBP in the cascade of annual goals and KPI.

• Collaborates with HRBP and integrates annual performance management review and calibration process.

• Presents to ExeCom functional performance calibration results for approval and as the basis for salary adjustments and appropriate rewards.

Rewards and Recognition

• Develops rewards and recognition programs to enhance employee engagement to deliver company goals and objectives.

• Cascades rewards and recognition programs and guidelines.

• Collaborates with HRBP and Functional heads in the implementation of rewards and recognition programs.

Cost Management

• Prepares department budget, monitors and ensures operational expenses are within approved budget.

• Assesses and implements cost-savings opportunities while maintaining the quality and level of service.

QUALIFICATIONS

• Degree in Business Administration, Statistics or related courses

• At least 15 years of work experience in compensation, benefits, rewards design, and management

• Highly competent in managing multiple projects with competing priorities and multiple stakeholders

• Experience working in FMCG / beverage companies is a plus.

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