Lead Compensation & Benefits Analyst, APAC

Stryker; Singapore; On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Compensation and Benefits Specialist to enhance their reward strategies across the APAC region. This role involves designing and implementing compensation programs, conducting market surveys, and collaborating with HR partners to ensure competitive pay structures. You will also oversee incentive programs and ensure compliance with local regulations. Join a dynamic team that values your expertise and offers a culture of growth and innovation, making a significant impact on healthcare outcomes globally.

Benefits

Bonuses

Healthcare benefits

Insurance benefits

Retirement programs

Wellness programs

Service and performance awards

Social and recreational activities

Qualifications

• 5+ years of experience in HR or related field required.
• Strong analytical and problem-solving skills essential.

Responsibilities

• Design and implement compensation and benefits solutions.
• Conduct market benchmarking and salary surveys.
• Partner with HR to develop C&B solutions.

Skills

Analytical Skills

Problem-Solving Skills

Communication Skills

Microsoft Office (Excel, Word & PowerPoint)

Independent Judgment

Education

Bachelor's degree in HR, Finance, Business or related discipline

Tools

Workday

Job description

Why join Stryker?

Looking for a place that values your unique talents? Discover Stryker's award-winning culture.

We are proud to offer you our total rewards package which includes bonuses, healthcare, insurance benefits, retirement programs, wellness programs, as well as service and performance awards – not to mention various social and recreational activities, all of which are location specific.

Job description

We are excited to be named one of the World’s Best Workplaces by Fortune Magazine!

Under general supervision, primary responsibility for designing, planning, and facilitating implementation of Compensation and Benefits solutions so as to address business challenges in a timely, accurate and value add manner. Implement the organization's compensation programs following established standards and policies so these programs are administered effectively and in accordance with the organization's reward strategy. Responsible for job analysis and evaluation, salary administration, analyze compensation surveys and obtain all necessary information to prepare compensation proposal and budgets.

The role collaborates with HR Business Partners, the International & US Compensation Team and relevant Stakeholders to develop and implement comprehensive reward processes and systems in line with the company’s reward philosophy, strategy and policy. This would be a regional role providing support to all 11 countries in Stryker APAC on various compensation and benefits projects.

• Conduct market benchmarking, salary surveys, and job evaluations to ensure competitive pay structures.
• Support the design and implementation of salary structures, incentive programs, and merit-based pay adjustments.
• Liaise closely with industry peer groups and assimilate emerging C&B trends and practices to explore potential fit with Stryker’s existing and anticipated business/people challenges.
• Assist in annual salary review and bonus planning processes, ensuring alignment with company policies and market trends.
• Partner with the country HR in developing C&B solutions to support the people strategies of the Company.
• Take up projects across the APAC region to drive consistency of practices across the region and facilitate development of common leveraged C&B solutions.
• Oversee sales incentive programs, analyzing their effectiveness and ensuring they drive desired business behaviors and outcomes.
• Work with Global Brokers to drive a seamless end-to-end management of insured benefits across the region.
• Provide recommendations for benefits enhancement based on market trends, cost analysis, and employee feedback.
• Ensure compliance with local labor laws and benefits regulations.
• Partner with global Total Rewards team on various regional and global projects around DE&I, Benefits, Pay Equity, Pay Transparency, etc.
• Develop and maintain compensation and benefits dashboards, providing insights to senior management.
• Work with stakeholders to ensure clear understanding of compensation and benefits programs and ensuring excellence in their delivery.
• Provide training and education to HR Business Partners on compensation and benefits strategies, policies, and market trends to enhance their understanding and ability to support employees effectively.
• Partner with the HR Operations group to develop technology/operational interfaces that support self-service and facilitate ease of access to information and analytics to improve quality of compensation decisions.
• Identify opportunities and implement process improvement.

What you need

• Bachelor's degree in HR, Finance, Business or related discipline.
• 5+ years of work experience in Human Resources or related field.
• Demonstrated excellence in Microsoft Office (Excel, Word & PowerPoint).
• Strong analytical and problem-solving skills.
• Ability to work under tight deadlines and in a rapidly changing regulatory and business environment.
• Exercise independent judgment.
• Strong communication skills.

Preferred:

• Experience of working in multiple countries and dealing in a diversified cultural setup would be a distinct advantage.
• Prior experience in Workday rollout and system proficiency preferred.

Stryker is a global leader in medical technologies and, together with its customers, is driven to make healthcare better. The company offers innovative products and services in MedSurg, Neurotechnology, Orthopaedics and Spine that help improve patient and healthcare outcomes. Alongside its customers around the world, Stryker impacts more than 150 million patients annually.