Title: Senior Associate/ Assistant Manager, People Team (Workforce Planning & Budget and Rewards)

Key Responsibilities

• Assist in the annual manpower planning and budgeting exercise through partnership with various HR sections especially Payroll and HR Strategic Business Partnership (SBP), as well as Finance division.
• Set up budget assumptions and parameters in the budget and forecasting system.
• Consolidate the manpower requirements and translate them into staff cost budgets in collaboration with HR SBP, Manpower Planning Team and Finance for budget presentation.
• Consolidate temporary manpower budget and general Opex budget.
• Verify the completeness and accuracy of budgetary information and data.
• Conduct analysis of year-on-year changes in manpower cost.
• Reconcile the budget with actual staff costs on a monthly basis and assist in preparing of staff cost variance reports and write-ups.
• Conduct half-yearly intra-company reclassification of staff costs.
• Assist with year-end closing and reporting activities including coordination with Finance & other stakeholders to review, analyse and report on variances, updates and forecasts.
• Contribute to the review and implementation of compensation and performance management policies and programs, including periodic performance management exercises and salary increment exercises.
• Involve in the design, implementation and management of incentive plans including computation of incentive pools and simulation of payout matrices, budget utilisation and provisions tracking.
• Participate in compensation surveys: job matching, data submission and analysis of benchmarking data to support compensation strategy.