We are currently assisting a prominent Multinational Life Insurance looking for its Head of Reward/ Reward Lead role.
The role will report directly to the Regional Director of Reward and the Indonesia CHRO, with overall responsibility for leading the Reward function in Indonesia. The scope covers managing external partners, reviewing and benchmarking compensation practices against the market, and driving the overall reward strategy and agenda.
Key Responsibilities:
- Lead the review and continuous improvement of the company’s compensation, benefits, and retirement programs, ensuring alignment with market practices and applicable regulations.
- Monitor market trends, regulatory developments, and industry practices to provide relevant insights and recommendations on reward strategy.
- Manage the annual and mid-year compensation review cycles, including salary benchmarking, compensation analysis, budget management, data validation, recommendations, and related employee communications.
- Conduct compensation and benefits analysis and prepare relevant reports, budgets, forecasts, and insights for senior management and regional/global stakeholders.
- Oversee benefits programs and work closely with insurance and benefits providers, including contract reviews, renewals, negotiations, and service-level performance.
- Act as a Reward subject matter expert and trusted advisor to HR and business leaders, providing guidance on compensation and benefits matters.
