Compensation & Benefit Lead

Compensation & Benefit Lead

Date: 20 Jan 2025 Service Line / Portfolios: Human Resources Location: Jakarta, ID Title: Service Line (Jakarta) – Compensation & Benefit Lead

Are you ready to unleash your potential?

At Deloitte, our purpose is to make an impact that matters for our clients, our people, and the communities we serve.

We believe we have a responsibility to be a force for good, and WorldImpact is our portfolio of initiatives focused on making a tangible impact on society’s biggest challenges and creating a better future. We strive to advise clients on how to deliver purpose-led growth and embed more equitable, inclusive as well as sustainable business practices.

Hence, we seek talented individuals driven to excel and innovate, working together to achieve our shared goals.

We are committed to creating positive work experiences that foster a culture of respect and inclusion, where diverse perspectives are celebrated, and everyone is recognised for their contributions.

Ready to unleash your potential with us? Join the winning team now!

Work you’ll do 1. Compensation Strategy & Design:

• Develop and manage competitive compensation strategies, including salary structures, incentive plans, merit increases, and bonus schemes to attract, retain, and motivate top talent.
• Conduct market research, salary benchmarking, and competitive analysis to ensure compensation packages are in line with industry standards and organizational needs

2. Reward Strategy :

• Design and implementation of comprehensive reward strategies that encompass both financial (compensation) and non-financial (recognition, career development) rewards
• Align reward strategies with company business goals to enhance employee motivation, performance, and engagement

3. Vendor Management:

• Develop and manage employee benefits programs, including health insurance, retirement plans, wellness programs, and other perks
• Manage relationships with benefits vendors and service providers to ensure compliance with service level agreements (SLAs), cost-efficiency, and high-quality service delivery.

4. Benefits Program Development:

• Administer and continuously review employee benefits programs, ensuring they are competitive and in compliance with regulatory requirements.
• Regularly assess employee satisfaction with benefits offerings and recommend adjustments based on employee feedback and market trends

5. Policy Development & Compliance:

• Develop and update compensation, benefits, and payroll policies and procedures to ensure compliance with local labor laws, tax regulations, and industry
• Provide guidance and support to management on compensation-related policies and practices

6. Data Management & Reporting:

• Manage compensation and benefits data within the HRIS (Human Resources Information System) to ensure accurate tracking and reporting
• Prepare and analyze reports on compensation, benefits utilization, and payroll data to inform decision-making and continuous improvements

7. Performance & Reward Alignment:

• Lead the annual compensation review process, including salary benchmarking, performance-based pay adjustments, and reward program evaluations
• Link reward strategies with employee performance to drive outcomes that support the organization’s goals
• Effectively communicate compensation and benefits programs to employees, ensuring they understand the value of their total rewards package. This includes organizing workshops or informational sessions to enhance employee understanding and engagement

8. Stakeholders Collaboration:

• Work closely with HR, Leadership team and Finance to align compensation and benefits strategies with organizational goals
• Support in workforce planning, budgeting, and cost forecasting for compensation and benefits
• Oversee and manage payroll operations and the payroll team. Ensure accurate and timely payroll processing for all employees

Your role as a leader

At Deloitte, we believe in the importance of empowering our people to be leaders at all levels. We connect our purpose and shared values to identify issues as well as to make an impact that matters to our clients, people and the communities. Additionally, Managers across our Firm are expected to:

• Develop diverse, high-performing people and teams through new and meaningful development opportunities.
• Collaborate effectively to build productive relationships and networks.
• Understand and lead the execution of key objectives and priorities for internal as well as external stakeholders.
• Align your team to key objectives as well as set clear priorities and direction.
• Make informed decisions that positively impact the sustainable financial performance and enhance the quality of outcomes.
• Influence stakeholders, teams, and individuals positively – leading by example and providing equal opportunities for our people to grow, develop and succeed.
• Lead with integrity and make a strong positive impact by energising others, valuing individual differences, recognising contributions, and inspiring self-belief.
• Deliver superior value and high-quality results to stakeholders while driving high performance from people across Deloitte.
• Apply their understanding of disruptive trends and competitor activity to recommend changes, in line with leading practices.

Requirements

• Bachelor’s degree in Human Resources, Business Administration, or a related field (Master’s preferred).
• 5+ years of experience in compensation, benefits, reward strategy management, and payroll, preferably in a leadership role.
• Proven expertise in reward strategy design, including both compensation and non-monetary rewards.
• In-depth knowledge of compensation structures, benefits programs, payroll processing, and regulatory compliance.
• Strong data analysis, reporting, and financial modeling skills to assess compensation, payroll, and reward strategies.
• Excellent communication and interpersonal skills to collaborate with senior leaders, HR teams, and employees.
• Proficient in HRIS and compensation management software, as well as payroll systems.
• Ability to align reward strategies with business goals and employee engagement.

Due to volume of applications, we regret only shortlisted candidates will be notified. Candidates will only be contacted by authorised Deloitte Recruiters via firm’s business contact number or business email address.
Requisition ID: 106747

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