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Intel Compensation Benefits Analyst Malaysia, Penang 663936830
Key Responsibilities
Design of Compensation and Benefits Programs: Lead the design of compensation and benefits programs, ensuring alignment with organizational objectives and providing value to employees. This includes a thorough understanding of plan features, funding mechanisms, and government regulations.
Position Evaluations and Job Classifications: Conduct position evaluations and job classifications. Assess the budgetary impact of compensation decisions and ensure compliance with regulations and labor laws.
Market Research and Analysis: Research and analyze competitive compensation and benefits practices in the job market to inform program design and adjustments.
Annual Salary Review Program: Assist and collaborate in the planning, coordination, facilitation, administration, and reporting of the annual salary review program for regular staff employees.
Compliance and Governance: Assist with compliance and governance of all compensation plans and programs. Identify risks and participate in various audits, both internal and government-mandated.
Compensation Tools and Resources: Design and apply compensation-related tools, processes, and resources for managers and employees. Provide consulting and counsel in support of business-aligned compensation leaders regarding executive compensation-related issues.
Benefits, Leave of Absence and Retirement Programs Administration: Serve as the point of contact to administer Benefits, Leave of Absence and Retirement programs/plans. Manage relationships with external vendors and/or consultants on the design, strategy, and continual execution of these programs.
Coordination with Plan Administrators: Coordinate with plan administrators, insurance carriers, and the payroll office in designing a comprehensive benefits package to meet the needs of the workforce.
Legal Compliance and Audits: Assist with compliance and governance of all compensation and benefits plans and programs. Identify risks and participate in various internal and government-mandated audits and testing. Partner with Legal to prepare responses to various audiences, including plan participants/employees and plan committees.
- Bachelor's degree or equivalent experience in Human Resources, Business Administration, or related field.
- Proven experience as a Compensation and Benefits Analyst or a similar role.
- Strong understanding of compensation and benefits plan design, funding mechanisms, and government regulations.
- Experience in conducting position evaluations, job classifications, and assessing the budgetary impact of compensation decisions.
- Proficiency in researching and analyzing competitive compensation and benefits practices in the job market.
- Excellent knowledge of compliance and governance of compensation and benefits plans.
- Strong analytical and problem-solving skills.
- Exceptional interpersonal and communication skills.
- Ability to coordinate with plan administrators, insurance carriers, payroll offices, and external vendors.
- Experience with legal compliance and participation in audits is an advantage.
Additional Qualifications
- Certification in Compensation and Benefits (CCP, CBP, or equivalent).
- Experience in a multi-national corporation.
- Proficiency in HRIS and compensation management software.
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