Lead (Compensation & Benefits)
locations
Clementi Campus
time type
Full time
posted on
Posted 3 Days Ago
job requisition id
JR101311
Key Responsibilities
1. Compensation & Benefits Strategy
Develop, review, and implement compensation and benefits strategies, policies, and frameworks aligned with organisational objectives and workforce needs.
Ensure compensation structures remain competitive, equitable, and sustainable through regular market benchmarking and analysis.
Lead the review and enhancement of salary structures, incentive frameworks, benefits programmes, and reward initiatives.
Support the development and administration of executive and C-suite compensation frameworks, including remuneration benchmarking and governance.
2. Performance Management & Annual Rewards Exercise
Serve as the policy custodian for the organisation’s performance management framework, policies, guidelines, and processes.
Review and enhance performance management policies and processes to ensure alignment with organisational goals, performance culture, and governance requirements.
Lead and oversee the annual performance review cycle, annual salary increment exercise, and performance bonus payout process.
Partner with HR Business Partners, Finance, and business leaders to ensure smooth execution, consistency, calibration, governance, and timely completion of annual reward exercises.
3. Market Benchmarking & Analysis
Conduct local and regional compensation and benefits benchmarking using reputable market surveys and data sources.
Analyse market trends, salary movements, and emerging practices to provide strategic recommendations to management.
Partner with stakeholders to evaluate market positioning, affordability, and workforce competitiveness.
Provide insights and recommendations relating to executive compensation trends and market practices.
4. Compensation Review & Implementation
Drive the implementation of new compensation plans, benefits schemes, reward and mental well-being initiatives.
Ensure smooth operational execution through effective planning, stakeholder engagement, communication, and governance.
Support compensation-related matters for senior leadership and key appointments where required.
5. HR Policy Governance & Compliance
Review and align HR policies, guidelines, and processes to support Compensation & Benefits strategies and organisational governance.
Ensure compliance with employment legislation, statutory requirements, audit controls, and internal policies.
Provide advisory support to management and HR Business Partners on compensation-related matters.
6. Workflow Optimisation & Digitalisation
Lead process improvement and digital transformation initiatives relating to compensation, benefits, and performance management administration.
Collaborate with HRIS and relevant stakeholders to streamline workflows, automate processes, and improve operational efficiency and employee experience.
7. Budgeting & Resource Allocation
Plan and manage the annual budget of the Department. Prioritise the allocation of resources to achieve department's objectives within the approved budget.
Requirements
Qualifications
Degree in Human Resource Management, Business Administration, Finance, Accountancy, or related discipline.
Professional certifications in Compensation & Benefits, Human Resources, or Rewards Management will be an advantage.
Experience
At least 8–10 years of relevant HR experience with strong specialization in Compensation & Benefits, preferably in a mid-to-large organisation.
Preferably possesses prior HR Business Partnering (HRBP) experience with demonstrated ability to partner business leaders on workforce planning, organisation development, manpower strategies, executive and C-suite compensation matters and change management initiatives.
Knowledge & Skills
Strong knowledge of compensation frameworks, rewards strategies, executive remuneration practices, performance management processes, and market benchmarking methodologies.
Good understanding of employment legislation, HR governance, and regulatory requirements.
Strong analytical, numerical, and problem-solving skills with the ability to interpret workforce and compensation data.
Proficient in HRIS systems and Microsoft Office applications, especially Excel and PowerPoint.
Strong project management and change management capabilities.
Competencies
Ability to handle confidential information with integrity
Excellent interpersonal, communication & presentation skills
Able to exercise flexibility through creativity yet maintains a fair approach in problem solving and execution of processes, policies etc.
Meticulous with an eye for numbers & details
Team Player
Service oriented
We regret that only shortlisted candidates will be notified.
About Us
The Singapore Institute of Management (SIM) is one of the region’s leading education and lifelong learning institutions, recognized for empowering individuals and enterprises to thrive across life stages through learning.
Seeded by the Singapore Economic Development Board in 1964, SIM has, for close to 60 years, been leading in the development of work and industry skills for Singapore’s growth.
Through harnessing new knowledge, skills and technology, SIM provides skills-based learning experiences that enable students, professionals, and enterprises to Learn for Life and Thrive for Life.
SIM achieves this through SIM Global Education (SIM GE) and SIM Academy. SIM GE focuses on higher education pathways and SIM Academy focuses on Professional Development (PD) and Enterprise Solutions (ES) for career transitions and advancements, and integrated learning solutions for enterprises.
For more information on the Singapore Institute of Management, visit sim.edu.sg
