Senior Compensation and Benefits Specialist

ComfortDelGro Corporation Limited; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A prominent transportation and logistics company in Singapore seeks an experienced Compensation & Benefits professional. This role demands expertise in managing compensation activities, conducting salary benchmarking, and engaging with various stakeholders. The ideal candidate should possess a strong background in HR, experience in multinational settings, and proficiency in using compensation benchmarking tools. The organization offers a collaborative work environment with opportunities for process improvement in compensation practices.

Qualifications

• 5+ years' experience in Compensation & Benefits, ideally in a regional or multinational setting.
• Strong knowledge of compensation benchmarking tools like Mercer, Korn Ferry, or Willis Towers Watson.
• Proficiency in managing sensitive data with confidentiality.

Responsibilities

• Support administration of various compensation activities including salary reviews and bonus calculations.
• Conduct salary benchmarking market surveys to understand compensation trends.
• Prepare regular compensation and benefits reports showing trends and program effectiveness.

Skills

Compensation & Benefits management

MS Excel

Compensation benchmarking tools

HRIS systems

Data confidentiality

Effective communication

Team collaboration

Education

Bachelor’s degree in human resources, Business, Finance, or related field

Tools

SAP SuccessFactors

Microsoft Power BI

Job description

Key Responsibilities

Compensation & Benefits Management

• Support administration of various compensation activities, including annual salary reviews, bonus calculations, annual budgeting, recognition program, sales incentive plans, job structures and international assignment benefits.
• Support the development and maintenance of the company’s compensation structure, salary bands, and job grading systems.
• Assist in the administration of employee benefits programs (insurance, wellness, retirement), including vendor management and renewals.
• Maintain data on long-term incentive plans and coordinate with external consultants to manage executive compensation and reporting.
• Document, communicate, and maintain all compensation and benefits policies and procedures.
• Contribute to regional and global C&B initiatives and projects as assigned.
• Support and coordinate global mobility processes.

Market Research and Benchmarking

• Conduct salary benchmarking market surveys with market analysis to understand industry compensation trends.
• Assist in recording job evaluation analysis, market pricing, and internal equity assessments.
• Monitor trends and legislative changes impacting compensation and benefits practices.
• Prepare reports and dashboards for HR and management.
• Support communication on education of employees on reward programs.

Budgeting & Reporting

• Participate in the annual budget exercise with detailed analysis to support cost projections.
• Prepare regular compensation and benefits reports for the leadership team, showing trends, program effectiveness, and financial impact.
• Maintain and record negotiations with labour unions regarding compensation and benefits packages.
• Maintain and update employee compensation and benefits records in SAP SuccessFactors.
• Generate periodic reports on compensation, benefits, and payroll for management review.

Stakeholder Engagement

• As a member of the Rewards team provide support to Business Unit HR business partners, line managers on C&B matters.
• Ensure consistent communication and understanding of C&B policies across the organization.

Projects & Process Improvements

• Contribute to the development and rollout of new C&B initiatives or systems.
• Drive process improvement and automation efforts in the C&B space.
• Support internal audits and compliance-related documentation.

Requirements

• Bachelor’s degree in human resources, Business, Finance, or related field.
• Minimum 5 years’ experience in Compensation & Benefits, ideally in a regional or multinational setting.
• Strong MS Excel skills and proficiency in compensation benchmarking tools (e.g., Mercer, Korn Ferry, Willis Towers Watson).
• Knowledge of Microsoft Power BI and modelling skills will be advantageous.
• Experience with HRIS systems like SAP Success Factors, exposure to SuccessFactors Performance Management and Compensation modules would be advantageous.
• Exceptional attention to detail and ability to manage sensitive data with confidentiality.
• Proactive, organized, and capable of managing multiple priorities.
• Effective communicator and collaborative team player.