Shrofile
Website:
shrofile.com
Job details:
LEAD - TOTAL REWARDS
About the Client
Our client is a well-established and rapidly evolving organisation operating in the financial services space. With a strong focus on innovation, technology-enabled solutions and sustainable business growth, the organisation offers an opportunity to work closely with senior leadership and contribute strategically to its people and rewards agenda.
About the Role
We are looking for an experienced Total Rewards / Compensation & Benefits professional to lead and strengthen the organisation's overall rewards strategy.
The role will have significant ownership across Compensation Strategy, Incentive & Variable Pay Design, AOP Planning, HR & Manpower Budgeting, C&B Budgeting and Total Rewards Governance. The incumbent will work closely with senior stakeholders across HR, Finance and Business teams to ensure that rewards programmes are competitive, financially sustainable and aligned with business priorities.
Key Responsibilities
- Lead the design and execution of the organisation's overall Total Rewards and Compensation strategy.
- Develop and manage competitive compensation structures, salary frameworks and performance-linked reward programmes.
- Drive market benchmarking and compensation analysis to ensure internal and external competitiveness.
- Design, review and continuously optimise Sales Incentive and Variable Pay programmes, particularly for business and revenue-generating roles.
- Define and align performance metrics and KPIs with incentive structures to ensure a strong link between employee performance and business outcomes.
- Play a key role in AOP planning and workforce cost planning, ensuring alignment between people investments and overall business objectives.
- Lead HR Budgeting, Manpower/Headcount Planning and Compensation & Benefits Budgeting, including regular tracking, forecasting and variance management.
- Partner closely with Finance and business stakeholders to manage employee cost budgets and support effective workforce planning.
- Oversee employee benefits and continuously evaluate opportunities to enhance benefits offerings and employee value proposition.
- Manage Executive Compensation and Long-Term Incentive planning, including exposure to equity/long-term reward programmes where applicable.
- Develop and manage employee recognition frameworks, including both monetary and non-monetary reward programmes.
- Ensure compensation, benefits and rewards practices are aligned with applicable regulatory, statutory and governance requirements.
- Partner with internal teams and relevant stakeholders to mitigate risks associated with compensation, benefits, payroll and taxation.
- Use HR analytics and rewards data to evaluate programme effectiveness and support strategic decision-making.
- Collaborate closely with senior leadership, HR, Finance and business stakeholders to ensure rewards strategies support organisational goals.
- Manage relationships with external consultants, benchmarking partners and benefits vendors.
What We Are Looking For
- Strong experience in Total Rewards, Compensation & Benefits and Compensation Strategy.
- Demonstrated experience in Incentive Design and Variable Pay Planning.
- Hands-on exposure to AOP Planning, HR Budgeting and C&B Budgeting.
- Experience in Manpower / Headcount Planning and Employee Cost Management.
- Strong expertise in compensation benchmarking, salary structuring and rewards analytics.
- Good understanding of benefits administration and compensation governance.
- Strong analytical and financial acumen, with the ability to work with budgets, forecasts and workforce cost data.
- Ability to influence and collaborate with senior stakeholders across HR, Finance and Business functions.
- Strong stakeholder management, communication and negotiation skills.
- Understanding of applicable labour and regulatory requirements governing compensation and benefits.
Key Must-Have Experience
AOP | HR Budgeting | C&B Budgeting & Tracking | Incentive & Variable Pay Design | Compensation Strategy | Total Rewards
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