Rewards Lead

• Lead the renewal of healthcare, life and disability insurance, maintaining strong relationships with providers, brokers, and consultants.
• Negotiate contracts, oversee service levels, and ensure programs are cost-effective and competitive.
• Collaborate with vendors to enhance benefits programs and elevate the employee experience.
• Conduct thorough evaluations of existing benefits, identify improvement opportunities, and develop innovative, strategic solutions.
• Stay abreast of industry trends, regulatory updates, and best practices to continuously improve benefits offerings.
• Oversee the implementation of new or modified benefits programs, including developing communication strategies and conducting employee education sessions.
• Promote wellness initiatives and employee assistance programs, fostering a supportive work environment.
• Develop and periodically update policies related to employee benefits and rewards.
• Conduct global inventory and benchmarking of benefits, leveraging the Employee Value Proposition (EVP) to educate leaders and HR teams about benefits offerings in the Middle East, enhancing talent attraction and retention.

Rewards:

• Lead the annual salary review and annual bonus review processes, including salary benchmarking, and merit increase recommendations, ensuring fairness, consistency, and compliance with regulatory, budgetary requirements and company strategy.
• Provide strategic guidance on salary and incentive proposals, job structuring, and compensation guidelines to HR managers and business leaders.
• Conduct market research and analysis to benchmark compensation levels, benefits, and incentive structures against industry standards and competitors.
• Manage and track the Out of Cycle (OOC) adjustments for reporting and budget analysis.