What to do:
— Audit of the existing compensation and benefits system and implementation of new solutions:
1. base salary, variable compensation, benefits
2. STI, LTI and retention programs
3. rules for regular processes (salary review and annual performance management process)
4. National Mobility Policy, Travel Policy, Fleet Policy
5. Corporate grading system
— Review of salary rates;
— Comparing of current salary rates with market level;
— Participation in bonus scheme development for store staff and for new roles;
— Administration of medical and life insurance;
— Managing expats compensation package (local contracts, compensations, coordination with International Mobility Department in headquarter, tax issues, insurance);
— C&B policy and procedures development;
— Conduct presentations for employees on C&B topics, consulting management and HR BPs on C&B issues;
— Monitoring market tendencies in C&B and Total rewards area;
— Establishment of business ties with providers/consulters and ongoing liaise; tenders;
— Participation in global HR and Company projects;
— Organizational structure development/new roles and functions to increase the efficiency;
— Strategic organizational design.