Singapore
On-site
SGD 80,000 - 120,000
Full time
Job summary
A leading HR consultancy in Singapore is seeking an experienced Compensation Manager to oversee the execution of compensation policies and initiatives. You will be responsible for formulating frameworks, driving salary exercises, and engaging with stakeholders. Ideal candidates should have at least 10 years of HR experience with a strong focus on compensation and excellent analytical skills. A Bachelor's degree in Human Resources is essential.
Qualifications
- Minimum 10 years of HR experience with a strong focus in Compensation.
- Strong analytical skills with ability to interpret complex data using Intermediate Excel skills.
- Strong stakeholder engagement in large complex organisation.
Responsibilities
- Formulate, review and implement compensation frameworks and policies.
- Drive annual salary increment and bonus exercises.
- Engage with external and internal stakeholders for compensation initiatives.
Skills
Analytical skills
Stakeholder engagement
Project management
Communication skills
HR experience
Education
Bachelor's Degree in Human Resources or related field
Global Remuneration Professional certification
Tools
SuccessFactors Compensation Module
Responsibilities
- Group-wide compensation policies and initiatives executionLead the formulation, review and implementation of compensation frameworks and policies for non-clinicians job groups.
- Drive annual salary increment and bonus exercises, from planning, costing simulations, proposal development, approval processes and execution to communications.
- Ensure alignment of compensation frameworks with organisational values, HR strategies, and manpower budgets.
- Work closely with external and internal key stakeholders to ensure smooth implementation, timely communications and payouts.
- Ministry and national-level compensation initiativesRepresent the organisation in regular workgroups and project teams led by Ministry of Health (MOH) and MOH Holdings (MOHH), contributing to discussions and preparation of initiatives, such as salary enhancements and harmonisation initiatives.
- Consolidate feedback from institutions Compensation teams, conduct impact assessments, and provide data-backed recommendations to MOH and MOHH to facilitate their decision-making process.
- Coordinate implementation planning and change management across institutions.
- Union engagement and Collective Agreement (CA) negotiationsSupport annual Union negotiations for bonuses and increment, including preparing cost analysis and counterproposals.
- Participate in CA reviews for compensation related items, taking into consideration the cost impact and operational feasibility at institution-level.
- Manage implementation of changes, including system configuration, communications, and institutional alignment.
- Compensation policies and complianceLead the regular review and enhancement of compensation policies to maintain relevance and compliance with legal legislation, organisational needs, and industry best practices.
- Collaborate with HR Technology and Shared Services teams to ensure policy alignment in HR system configuration and workflows.
- Market benchmarking and salary surveysParticipate in MOH-led and external salary surveys.
- Analyse compensation trends and assess competitiveness.
- Translate market insights into actionable recommendations for managements consideration.
- Manpower budgetingLead the development of compensation-related budget parameters and manpower norm costs.
- Communicate the parameters to Group Finance and institutions Compensation teams for their incorporation in Group and institutions manpower budget.
- Provide regular manpower budget updates to Group Finance for their planning and projections.
- HR system (SuccessFactors)Partner with HR Technology, Project, Shared Services, and institutions Compensation teams to ensure smooth implementation.
- Oversees the configuration, testing and deployment of the compensation module within SuccessFactors.
- Ensure business requirements are met and the system changes are aligned with compensation processes.
- Team lead and key stakeholders managementSupervise and develop a direct report, ensuring coaching, professional growth and delivery of quality outputs.
- Partner with stakeholders across HR, Finance, institutions Compensation teams to ensure smooth implementation of compensation initiatives.
- Support or lead any ad-hoc projects, such as harmonisation of compensation approaches and process.
Required Competencies
- Bachelors Degree in Human Resources or related field.
- A relevant professional certification (e.g. Global Remuneration Professional) is an advantage.
- Minimum 10 years of HR experience with a strong focus in Compensation.
- Strong analytical skills with ability to interpret complex data using Intermediate Excel skills
- Strong stakeholder engagement in large complex organisation
- Excellent planning, project management and organizational skills
- Good written and verbal communication skills
- Proficiency in SuccessFactors Compensation Module is an advantage