Rewards Services Partner - APAC, ISC, Japan

Job Description

Job Responsibilities:
u2022 Develops and examines budgets for merit increases, retention strategies, and various incentive programs, such as long-term incentives (LTI), annual incentives (AI), and sales incentives (SI), conducting in-depth analyses of external market data, forecasting trends, and ensuring that all compensation strategies are aligned with Philips overall strategic goals and financial objectives.
u2022 Evaluates annual benefit program budgets by reviewing proposed changes and ensuring they align with the organizational objectives, financial constraints, and employee needs, working closely with benefits leads under limited supervision to make informed decisions that enhance employee satisfaction and retention.
u2022 Creates, updates, and ensures the implementation of rewards policies to maintain proper governance, compliance, and adherence to local and international regulations, regularly reviewing policy effectiveness and making necessary adjustments to ensure consistency and alignment with global operations.
u2022 Provides expert advice on complex rewards topics and unique situations, offering innovative solutions to mitigate risks and align with companyu2019s long-term strategy, showcasing a deep understanding of industry best practices and the ability to navigate complex legal and regulatory landscapes.
u2022 Develops and implements comprehensive rewards strategies that focuses on long-term goals and ensures alignment with overall business objectives and market trends, collaborating with senior leadership to integrate rewards initiatives into the broader organizational strategy.
u2022 Implements and continuously improves rewards tools and processes, ensuring efficiency, effectiveness, and user-friendliness in rewards management, leveraging technology and best practices to streamline operations.
u2022 Ensures all rewards programs and policies comply with local and international regulations, maintaining high standards of governance and ethical practice, regularly auditing rewards practices, addressing compliance issues proactively, and staying updated on legal changes and industry standards.
u2022 Develops employee benefits programs, including health insurance, retirement plans, and wellness initiatives, to ensure comprehensive coverage and support for employees well-being.
u2022 Answers advanced employee questions, provides detailed explanations, and ensures that all information is easily understood to help employees make informed decisions about their benefits and compensation packages.
u2022 Reviews job evaluations and classifications to support fair and equitable compensation practices, including salary benchmarking, benefits administration, incentive program development, policy creation, data management, employee communication, People Function metrics analysis, regulatory compliance, and vendor management.
u2022 Oversees the development and implementation of global mobility programs, ensuring compliance with international regulations, tax laws, and company policies, while facilitating smooth transitions for employees relocating abroad.
u2022 Provides strategic guidance on complex immigration and relocation issues, collaborating with People, Legal, and Finance teams to manage international assignments, visas, and cross-border employment matters effectively.
u2022 Leads the evaluation and execution of potential merger and acquisition opportunities, conducting in-depth financial analysis, due diligence, and risk assessments to inform strategic decision-making.
u2022 Collaborates with cross-functional teams to develop integration plans, ensuring seamless transitions and alignment with organizational objectives, while managing stakeholder communication and regulatory compliance throughout the M&A process.

Minimum required Education:
Bachelor's/ Master's Degree in Human Resources, Business Administration or equivalent.

Preferred Experience:
15 years of experience in areas such as Rewards Management, Human Resources or equivalent.

Preferred Skills:
u2022 Rewards Policies and Processes
u2022 Regulatory Compliance
u2022 Data Analysis & Interpretation
u2022 Documentation & Reporting
u2022 Rewards Administration
u2022 Market Intelligence
u2022 Auditing Techniques
u2022 Consulting
u2022 Program Management
u2022 Vendor Management
u2022 Compensation Benchmarking
u2022 Stakeholder Management
u2022 Resource Planning & Allocation
u2022 Reward Strategies
u2022 Continuous Improvement
u2022 Compensation Communications
u2022 Recruitment & Selection
u2022 Technology Acumen
u2022 Operational Excellence Assessment
u2022 People Management

How we work together
We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week.
Onsite roles require full-time presence in the companyu2019s facilities.
Field roles are most effectively done outside of the companyu2019s main facilities, generally at the customersu2019 or suppliersu2019 locations.

About Philips
We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.
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u2022 Discover .
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If youu2019re interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our culture of impact with care .