Recognition & Rewards, Consultant
AIA
Kuala Lumpur, MY-AIA Malaysia
Contract
Competitive
OfficeSenior
FIND YOUR 'BETTER' AT AIA
We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us.
We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.
If you believe in better, we’d love to hear from you.
About the Role
To support in the implementation and execution of Rewards program locally in line with the Total Rewards Strategy. Act as Rewards Business Partner, collaborate closely with HRBPs make sound rewards decisions in supporting business objectives, and to ensure internal equity and market competitiveness are maintained as per AIA Rewards Philosophy.Roles and Responsibilities:
1. Support and advise on rewards related activities, including but not limited to strategic new hiring offers and promotion proposal.
2. Execution annual Total Compensation Review (TCR) program, guided by the Group HR TCR Process Guide.
- Responsible for TCR data preparation to manage the process.
- Manage the grant and vesting of equity during the cycle
3. Participate in the market remuneration benchmarking exercise.
- Support in the collation of relevant compensation policies information on market trend and analyse remuneration data to determine the pay competitive position.
- To present findings of analysis and propose solutions to close the gap.
- Liaising with External Compensation Consultant to participate in marketing remuneration survey. Controlling the submission of data for market surveys, study and benchmarking on compensation matters and setting up a comprehensive database.
4. Support in the Annual People Cost Budget process in collaboration with Finance and HRBPs.
- Preparing the data based on the budgeting guidelines for the different populations, and package components (salary increase, allowance revision, bonus provisions).
5. To participate in the Job Evaluation exercise and build the JE database with key focus on newly created positions and promotion cases.
- Re-establish market benchmark data for all positions.
6. To collaborate with the respective distribution channel’s Strategic team in managing the Local Sales incentive Plan (SIP) and other Incentive Plans rolled out.
- Ensure accurate and timely incentive payout
- Provide input to the design of the SIP, including implantation process and overall implementation timeline.
7. Periodic Rewards / Benefits review and policy updates
- Ensure the Total Rewards/Benefits plan offered is competitive by conducting period review and propose for updates and changes based on the best arrangement for AIA MY.
7. Ad-hoc assignments
- Ensure timely completion of ad-hoc assignment when required, especially request from Group Head Office on reporting.
- Other ad hoc projects as assigned by direct supervisor.
Minimum Job Requirements:
Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.
You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.