Rewards Services Specialist APAC, ISC, Japan

Job Responsibilities:
Creates and assesses budgets for merit increases retention strategies and incentive programs analyzes external market data forecasts local market trends and ensures alignment with companys overall compensation strategy working under general supervision.
Provides subject matter expertise and guidance to functional managers and recruiters on various rewards matters including grading job evaluations salary policies benefits and international mobility practices ensuring consistency and alignment with corporate policies.
Conducts thorough analysis of market trends and compensation data to inform the development of competitive reward programs prepares detailed reports on rewards-related topics including compensation analyses market trends and policy updates sharing these reports with senior management to support informed decision-making.
Creates and updates rewards policies to ensure compliance with local regulations and internal governance standards drafting new policies revising existing ones and ensuring all practices adhere to regulatory requirements.
Performs job evaluations and grading to determine appropriate compensation levels for various roles within the organization applying established methodologies and ensuring consistency across all job families and levels.
Contributes to the design and implementation of reward processes tools and standards under the guidance of senior professionals specifying new processes setting tactical plans and ensuring efficient execution.
Assists in managing relationships with external Rewards vendors ensuring they meet contractual obligations and deliver high-quality services participating in vendor selection processes and conducting regular performance reviews.
Handles employee benefits programs including health insurance retirement plans and wellness initiatives to ensure comprehensive coverage and support for employees well-being.
Answers 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.
Conducts 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.

Minimum required Education:
Bachelors Degree in Human Resources Business Administration or equivalent.

Minimum required Experience:
Minimum 10 years of experience with Bachelors in areas such as Rewards Management Human Resources or equivalent.

Preferred Skills:
Rewards Policies and Processes
Regulatory Compliance
Data Analysis & Interpretation
Documentation & Reporting
Rewards Administration
Market Intelligence
Auditing Techniques
Consulting
Program Management
Vendor Management
Compensation Benchmarking
Stakeholder Management
Resource Planning & Allocation
Continuous Improvement
Technology Acumen

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 companys facilities.
Field roles are most effectively done outside of the companys main facilities generally at the customers or suppliers locations.

About Philips
We are a health technology company. We built our entire company around the belief that every human matters and we wont 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.
Learn more about our business.
Discover our rich and exciting history.
Learn more about our purpose.
If youre 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 here.