Deputy Reward Manager Petrofac Sharjah

The role of Deputy Reward Manager at Petrofac is to design, implement and manage salary strategies and overall organization objectives to attract, retain and motivate employees. Job ID for this vacancy is 081960.

Duties Of Deputy Reward Manager

• Keep abreast with the marketplace by researching, developing and introducing cost effective programs.
• Analyse Company’s overall compensation competitiveness and initiate processes for responsive plans to trends in the labour market. 
• Oversee the salary structure and design of the Company’s pay and grading scales, the preparation of spreadsheets to analyse total remuneration for benchmarking.
• Lead salary statistical analysis using various quantitative techniques including preparation of compa-ratio and other salary analysis.
• Contribute to managing the overall design, implementation, communication, and administration of the organization’s compensation and benefits programs.
• Ensures that compensation and benefit programs support the organization’s strategic objectives and meet all legal requirements.
• Partake in developing specifications for new compensation and benefit plans or modify existing plans to maintain Company’s competitive position in labour market and create consistency for all divisions and locations.
• Monitor and analyse trends affecting pay and benefits to assess the organizations competitiveness.
• Lead merit increases and bonus exercise. Participate in setting merit pay guidelines and annual bonus pay criteria.
• Participate in budget forecast for salary increases and bonuses.
• Aid in assessing system requirements to support increased automation of reward processes.  
• Promote proactive approaches using on-line systems to solve business needs and improve process efficiency.

Requirements For Deputy Reward Manager

The eligibility requirements for the role of Deputy Reward Manager are as under:

• Bachelor’s or master’s degree with at least 5 years of relevant reward experience.

Desired Skills & Knowledge

• Working knowledge of all elements of reward – base pay, variable pay (short term and long term), benefits, etc.
• Good knowledge and experience of benefits management.
• Experience of reward issues/ challenges of comparable sector (preferable).
• Experience of using HR systems (e.g. Oracle Cloud) and performance management systems.
• Understanding of financial impact of actions and active stakeholder engagement.
• Good communication skills – verbal, written; good presentation skills; good analytical skills.
• Experience of managing change in a fast-paced organisation.
• Good project management skills.
• Salary benchmarking & Hay job evaluation (preferable).
• Experience working on a multi-country environment.

Deputy HR Manager Petrofac UAE