Vice President (Manager) - Rewards (Human Capital)
Petaling Jaya, Selangor
Permanent
Full-time
5 days ago
Job Purpose The Rewards Specialist is responsible for the design, implementation, and management of Prasarana's reward strategies and frameworks, with a key focus on the P50 Salary Structure Implementation. The role ensures that compensation and benefits programs are competitive, equitable, and aligned with business strategies to attract, motivate, and retain talent. Key Accountabilities Salary Structure Implementation: Lead the execution of the P50 Salary Structure project, including mapping current pay scales to new ranges. Conduct internal parity analysis to ensure fairness across job families, grades, and business units. Develop and distribute communication materials and guidelines to managers and employees. Monitor implementation progress, track exceptions, and recommend adjustments where needed. Compensation Planning: Support annual compensation review cycles (merit increases, promotions, adjustments). Prepare costing models and impact analysis for management approval. Partner with Finance to align salary budgets with organizational affordability. Ensure pay programs support talent attraction, retention, and performance objectives. Benefits Administration: Manage employee benefits programs (healthcare, insurance, allowances, etc.) and evaluate competitiveness. Assess cost-effectiveness and propose improvements to benefits packages. Conduct employee feedback surveys to measure benefits satisfaction. Ensure benefits align with employee needs and organizational culture. Analytics & Reporting: Develop and maintain compensation dashboards with metrics such as pay ratio, compa-ratio, and market positioning. Conduct regular audits of salary and benefits data to ensure accuracy. Generate reports for ExCom and Board Committees on reward trends, budget utilization, and salary structure compliance. Provide predictive insights on reward strategies to support future workforce planning. Policy & Compliance: Draft, update, and communicate reward-related policies and SOPs. Ensure compliance with Malaysian Employment Act, tax regulations, and internal governance. Conduct regular audits to minimize risks in payroll, benefits, and allowances. Support internal and external audits related to compensation and benefits. Stakeholder Engagement Act as a subject matter expert to HR Business Partners, providing guidance on pay decisions. Facilitate training and workshops for line managers on interpreting and applying salary structures. Partner with Finance and Audit to ensure transparency and governance in compensation practices. Build strong collaboration with senior leaders to gain buy-in for reward initiatives. Qualifications, Skills & Knowledge Bachelor's Degree in Human Resource Management, Business Administration, Finance, Economics, or related field. Professional certification in Rewards/Compensation (e.g., GRP, CCP) is an added advantage. Show more Show less