Principal Reward Specialist

Join Our Mission to Foster Prosperity in Asia
Are you ready to make a lasting impact on the future of Asia and be a catalyst for positive change We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.


Organizational Setting and Reporting Relationship
The position of Principal Reward Specialist is assigned to the Reward HR and Health Services Division (BPRS) of the Budget People and Management Systems Department (BPMSD).

You will be based at our Headquarters in Manila Philippines and relocation is required. All reasonable relocation expenses will be covered.

You will report to the Director BPRS and will oversee junior team members.


Your Role
As Principal Reward Specialist you will lead the design and communication of effective reward policies and programs for international and local staff in Headquarters (HQ) and in the field offices (FOs). You will ensure that ADB provides a balanced and market-competitive total reward package to help attract motivate and retain talent in a cost-effective way and contribute effectively to broader HR and business initiatives on reward-related aspects.


You will:
a. Compensation Management

• Lead the design and implementation of effective compensation policies and programs for international and local staff at HQ and across ADBs field offices. Lead reviews and recommend changes where appropriate to ensure the alignment of compensation policies and programs with the ADBs Strategic HR Framework and ADBs reward guiding principles.
• Oversee the periodic benchmarking review of ADBs salary levels and development of corresponding salary ranges.
• Design and oversee the annual salary review process and implementation of salary increases at HQ and across the field offices ensuring that the IT systems are in place to support the review.
• Ensure that communications to staff on compensation policies and processes are maintained and clearly designed.
• Lead the preparation of the annual budget reviews for compensation elements of the reward package.

b. Benefits and Allowances Management

• Lead the design and implementation of ADBs benefits and allowance policies for international staff at HQ and on FO assignments and for local staff in all locations. Ensure that they support the ADBs Strategic HR Framework and are aligned to ADBs reward guiding principles.
• Introduce and apply leading market practices through overseeing the periodic benchmarking review of ADBs benefits and allowances developing proposals for enhancements where appropriate.
• Ensure that communications to staff on benefits and allowances policies and processes are maintained and clearly designed.
• Lead the preparation of the annual and mid-year budget reviews for benefits and allowances.

c. Job Evaluation

• Participate in job evaluation processes to ensure that ADB positions are consistently measured to establish relative job size to help inform job grading decisions.
• Ensure that job size and grading decisions are fully integrated into the regular salary benchmarking exercises.

d. People management

• Manage the Reward Policy team supervising the work of team members.
• Manage the performance of reporting staff provide clear direction and regular monitoring and feedback on performance; and ensure the ongoing learning and development of reporting staff.
• Handle complex or unconventional reward-related questions and problems from clients and colleagues as they arise.