Deputy Manager, Performance and Rewards
5 days ago
Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
Roles & Responsibilities:
Total Remuneration Management- Collate data, prepare and submit for remuneration survey participation.- Extract market report and analyze data for recommendation / implementation.- Draft recommendation for management approval.- Co-own new initiatives / implementation of newly introduced policies and remuneration and benefit items.- Conduct job evaluations and market surveys to ensure internal equity and external competitiveness.- Provide advice on appropriate market price, job grade and compensation package for promotion and salary adjustment.
Payroll & Cash Component Administration Payroll & Cash Component Administration- Regular monitoring on the employee movement- Consistent and accurate deduction- Check and review payroll data (check vendor data vs original source)- Check accurateness and amend discrepancy
Benefit Management- Local Scheme Coordinator (LSC) of PruEmpire:
- Update the TDE fund price in Shareworks and PruEmpire website daily and the staff TDE purchased units in Shareworks.- Prepare monthly deduction & contribution report to HR payroll personnel and Finance respectively for salary deduction and purchase of TDE fund.- Provide support to staff on enrolment, change of contribution and withdrawal etc.
Local Scheme Coordinator (LSC) of PruEmpire- Draft and send out employee communication for KPI planning, mid-term review and year-end review.- Follow up submission of performance result, analyze or prepare reports for management action.- Participate in any improvement to the process and system related to performance management.- Conduct training, briefing and roadshow to create awareness on performance management and system enhancements.- Liaise with other departments in HR for staff performance improvement initiatives.
Policy & SOP Management and HR Projects & Strategic Initiatives- Prepare draft update for related SOP/manual- Periodic maintenance of the Employee Handbook and an initiative to revisit the relevance of benefits offered.- Perform periodic reconciliation on reward transactions and ensure system, data accuracy, and conformity to policies and related laws.- Provide HR initiative/project support as and when required, such as the strategic workforce planning (SWP) initiative, analytics and insights on medical costs, and support the superior in designing a sustainable approach to the medical cost containment initiative.
Job Requirements:
- Bachelor’s Degree in HR, Business Administration, Finance, or a related discipline.- Minimum 6 years of working experience, with minimum 4 years in Compensation & Benefits and Performance Management.- Proficient in Microsoft Excel and PowerPoint- Familiarity with HRIS, compensation tools (e.g., Mercer WIN, WTW)- Exposure to data visualization tools like Power BI or Tableau (added advantage)- Prior experience in multinational or matrix organisations is an advantage.
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