Compensation Partner

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Job Description

Position Overview:

The Compensation Partner will develop and execute compensation strategies to ensure internal equity, market competitiveness, and alignment with business goals. This role will play a crucial role in developing, implementing, and managing compensation programs to attract, retain, and motivate talent while maintaining compliance with Traveloka policies and external regulations. The ideal candidate requires a strong understanding of compensation principles, excellence analytical skills, and the ability to collaborate effectively with stakeholders.

Key Responsibilities:

Compensation Strategy and Analysis:

• Develop and implement compensation plans aligned with the company's objectives.

• Conduct regular market research and analysis to ensure competitive pay practices

• Manage annual salary reviews, promotion adjustment, and bonus calculation ensuring fair and consistent application of compensation policies.

• Design, and evaluate base pay, variable pay, and equity compensation programs to attract, retain, and motivate talent.

• Maintain and update Traveloka's job grading system, ensuring it remains relevant to evolving organizational needs

Business Partnering:

• Collaborate with HR Business Partners and department heads to provide guidance on compensation-related queries and issues.

• Provide guidance and support on compensation matters during the hiring process, promotions, transfers, and restructures, ensuring alignment with company policies and strategies.

Compliance and Reporting

• Develop and update Compensation related policies/ guidelines to ensure they remain align with the Company's direction

• Ensure compliance with local labor laws and regulations across all compensation programs.

• Prepare and analyze compensation reports, including budgeting, forecasting, accrual, and variance analysis

• Oversee regular external audit on the compensation matters

Continuous Improvement

• Conduct compensation analytics to identify trends, gaps, and opportunities for improvement

• Stay updated on compensation trends, best practices, and regulatory changes

• Drive continuous improvement initiatives in compensation processes and tools to enhance efficiency and effectiveness through the use of technology

Requirements

Qualifications:

• Bachelor's degree in Human Resources, Business Administration, or a related field
• Proven experience in compensation management, preferablywithin a reward consultancy, technology firm, or multinational organization
• 5+ years of experience in compensation management, with a good understanding of best practices and industry trends
• Strong analytical skills and ability to interpret complex data sets
• Proficiency in MS Excel and Google Sheets for data management and analysis
• Familiarity with market survey and benchmarking analysis
• Knowledge of relevant labor laws and regulations
• Strong attention to detail and accuracy in managing compensation data
• Excellent self-awareness, communication, and interpersonal skills.