Manager - Reward

Job Description

Petrofac is looking to recruit aManager -Rewardtobe based in Sharjah, UAEWhat we doPetrofac is a respected international service provider to the energy industry, with a diverse client portfolio including many of the world?s energy companies.We design, build, manage and maintain infrastructure for the energy industries. Our comprehensive and tailored service offering covers each stage of the project life cycle and a variety of commercial models, giving our clients the flexibility, they need.Diversity & InclusionWe recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status, or disability. Petrofac is striving to develop a diverse and inclusive culture where everyone can contribute. Applications are also welcomed from candidates who want to discuss flexible working or job-sharing requests.Main purpose of the role:Particular focus on supporting Reward initiatives across Corporate functions. Develop and administer compensation and benefits programs including pay strategies, annual bonus & share plans, grade structures, market pay levels, benchmarking, designing pay scales and salary structures.Key Accountabilities:

• Develop salary strategies in line with overall organization objectives to attract, retain and motivate employees. 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 regression, compa-ratio and other salary analysis.
• Contribute in managing the overall design, implementation, communication, and administration of the organizations compensation and benefits programs. Ensures that compensation and benefit programs support the organizations 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 C&B processes. Promote proactive approaches using on-line systems to solve business needs and improve process efficiency.

Skills & Experience:

• Working knowledge of all elements of reward ? 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)
• Bachelors or master?s degree with at least 5 years of relevant reward experience
• 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 (essential)
• Working on a multi-country environment.
• Knowledge of MENA and India Reward would be an advantage.

Interested, please apply via our Career website on www.petrofac.comAdditional Information

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