Benefits Specialist, Total Rewards

6 months ago

Kuala Lumpur, Malaysia Herbalife Full time

Overview:
THE ROLE:
The Benefits Specialist, Total Rewards - APAC will be responsible for ensuring optimal execution of Total Rewards (TR) function in Human Resources. As an integral team member of TR function, and reporting to the Director, Total Rewards - APAC, this dual/hybrid role will focus 75% of the time managing benefits programs and 25% in managing compensation-related programs.

The role is responsible for:

- Supporting TR strategies and principles through processes, projects, and program/initiative deliveries within Herbalife at the APAC region level,
- Participating in, supporting and/or leading either current, new, or future region/country TR programs/initiatives, projects, plan design and development, or other aspects as appropriate or assigned,
- Collaborating and partnering with internal stakeholders (i.e. HR leaders, country HRBPs, HR Services team, HRIS team and potentially other non-HR functions) and external parties

HOW YOU WOULD CONTRIBUTE:
Benefits management support (75%):

- Support overall benefits programs/initiatives management in the APAC region through active collaboration with other team members within and outside of APAC Human Resources (HR).
- Support any implementations and roll outs that are regionally or locally, and at times globally (i.e. Employee Assistance Program) driven.
- Participate and provide inputs in local, regional, and global discussions on benefits programs/initiatives
- Support the gathering of local benefits knowledge, policies, guidelines and best practices of countries in APAC region which includes both onboarding and offboarding of benefits and or changes to existing benefits not supported by GBS
- Assist and support in reviewing benefits policies, guidelines, and programs/initiatives in APAC. This includes consulting and collaborating with Global Total Rewards team, APAC HR Leadership and HR Business Partners (HRBP) when:

- developing and reviewing strategies, policies, guidelines, and programs/initiatives for revisions or during finetuning stage to ensure:

- best practices, while staying comparable and competitive in the market, and
- adherence to local country legislations is considered.
- preparing the necessary supporting analysis, assessment, market benchmarking and insights (including internal data/metrics and external market emerging trends and best practices) to support benefits design proposals or recommendations.
- Act as a point of contact to provide guidance and advice on benefits management in the APAC region and escalate issues where necessary to relevant parties e.g. Global Total Rewards team, HRBPs, GBS HR Services team etc.
- Assist in benefit programs/initiatives communication to APAC employees where necessary, and if required, with support from consultants, vendors, service providers or suppliers.
- Lead Herbalife’s participation in benefits surveys and work closely with GBS HR Services team to ensure timely and high-quality submission.
- Identify potential gaps and opportunities to enhance and implement innovative benefits in APAC where possible, according to local country market practices, and increase the use of digital platforms (i.e. APAC HR Intranet) and tools to support benefit program/initiatives communications, where possible.
- In consultation with country HRBPs, ensure benefits practices are in compliance with APAC countries’ local laws and regulations and also according to local country market best practices.
- Manage ongoing benefits vendor/external service providers relations to ensure timely and satisfactory service delivery levels and standards.
- Supports annual insurance renewals activities which includes:

- monitoring and reviewing company provided medical and risk insurance for APAC employees in timely manner,
- analyzing market and benchmarking data, plan options and recommends changes and enhancements, if necessary,
- liaising, coordinating, discussing with the brokers and insurance providers, together with APAC Group Strategic Sourcing team and country HRBPs.
- Build strong partnerships and collaborates closely with HR Leaders, GBS HR Services team, HR Business Partners, other HR COEs (e.g. APAC HRIS) and other internal non-HR partners (i.e. Group Strategic Sourcing, Finance, Legal) where required, to deliver effective and compliant benefits programs and strategies in an efficient manner.

Compensation management support (25%):
For selected APAC countries (approximately 3 - 4 out of 14 countries) that are identified for the role to support, the incumbent will:

- Partner closely with APAC Compensation Specialist (i.e. Compensation SME) and country HRBPs in evaluating and designing market-competitive compensation programs that:

- align with regional and global principles and guidelines,
- are in line with local market practices and in compliance with local country legislations
- attract, retain, and engage employees.
- participate and provide support in the annual Comp Planning process that may includ

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