Compensation and Benefits Manager

Compensation and Benefits Manager

Compensation and Benefits Manager




Ref 43680
Country Hong Kong
City Hong Kong
Business Area Global Human Resources
Contract Type Permanent
Estimated publish end date 28 February 2012

Department Overview
The Human Resources function at Barclays is structured around a Client Relationship Teams and Centres of Excellence, which are staffed with professionals who have expertise in their particular area. Client Relationship Teams are clustered to provide coverage to the business:

* Distribution & Research
* IBD, DCM
* Global Markets
* Private Equity & SCM
* Infrastructure

The delivery of HR services sits with the Client Relationship Teams. The Centres of Excellence (of which Compensation and Benefits is one) provide leading-edge thinking in their specific areas of expertise and project management of key HR processes.

Main Function
The Hong Kong office representative of the Compensation & Benefits team is responsible for managing a number of processes and providing client support across Compensation and Benefits with regional responsibility for North Asia (Hong Kong, China, Taiwan, and Australia):

* As part of the HR Compensation & Benefits team, manage the construction, implementation and administration of various benefit plans at Barclays within Asia. Support in the adminstration of these benefits will be provided from Singapore.
* Partner with the client relationship teams to provide cash compensation advice to the line on a regional basis.
* Carry out ad hoc projects when required
* Assist with other Compensation and Benefits duties as appropriate ? share plans, equity buyouts, special projects, general queries and other typical responsibilities as a member of the team.

Main Duties
Cash Compensation:
* Co-ordinate with the global Compensation and Benefits team in the development, implementation and delivery of a reward strategy.
* Provide local project management and assistance with the global survey participation annually to include job-matching, data collection, submission and subsequent analysis and utilisation of results.
* Participate in other ad hoc surveys as deemed appropriate to support the business locally.
* Partner with the Client Relationship teams to provide compensation advice and analysis as required.
* Manage key aspects of the annual compensation round.
* Ad hoc projects e.g. allowances review

Equity Buyouts:
* Carry out equity buyout valuation calculations.
* Assist with the grant and release of share awards.
* Act as local co-ordinator of global equity plan policy and operations, providing a local point of contact for employees.

Benefits:
* Management of the relationship with external providers/administrators of the company pension plan and other benefits. Oversea the administration of the schemes to ensure it is both efficient and robust.
* Ensure compliance with reporting and administrative deadlines of our Benefit plans, working with other HR teams, Legal, Compliance, Group Tax and external vendors to ensure compliance.
* Act as point of contact for Pensions / Benefits queries.
* Ad hoc projects such as review of annual health screening provision, country benefits reviews, establishing of new benefits plans.

Person Requirements
Qualifications /education:
Essential
* University degree
Experience required:

Essential
* 3- 5 years of relevant Compensation and Benefits experience.
* Work experience involving interaction with a variety of levels, internal or external.
Preferred
* Compensation Survey experience such as McLagan.
* Experience of dealing with North Asia locations especially Hong Kong and China.
* An understanding of employment law in Hong Kong, China, Taiwan, and Australia.
Skills and knowledge: (Specific product knowledge/PC skills/languages etc)
Essential
* An understanding of the investment banking business, the environment and its people.
* Project management and ability to work effectively to exacting deadlines.
* Good Microsoft Office skills including Excel, Word and PowerPoint.
* High quality of service delivery and response to clients.
* Good written and verbal communication skills.
* Highly numerate.
* Strong attention to detail.
* Analytical and an effective problem solver.
Preferred
* Experience with SAP.
* MS Access database skills.
* Mandarin and Cantonese language skills.
* Evidence of experience, confidence and diplomacy in dealing with senior members of staff.
Candidate Profile: (e.g. teamplayer, initiative, change agent, confident etc)
* The successful candidate will be a polished, professional, confident, motivated self-starter.
* They will be a strong team player and personally well organised.
* Relationship management skills will be essential as will being analytical and business/financially astute.
* They should be prepared to challenge the status quo and to question standard procedures.