Total Rewards Specialist

Our Client operates in the Oil and Energy industry, with its headquarters rooted strongly in Saudi Arabia. It has its branches spread to more than 50 countries, providing employment to more than 68,500 people all over the world. They fall under the Fortune 500 Companies. They are one of the world’s largest oil producers. They are constantly growing by creating new technologies through its Research and Development efforts and branch into new business lines through Investments and Acquisitions.

Responsibilities:

Duties may include, but are not limited to, the following:

• Develop, implement, and manage competitive compensation programs, including salary structures, incentive plans, and equity programs.
• Develop and implement comprehensive HR harmonization strategy that align HR practices, policies, and procedures across organizations.
• Conduct pre-M&A due-diligence on HR related matters, including employee contracts, compensation, benefits, and compliance issues, and identify potential risks and liabilities.
• Oversee and manage employee benefits programs such as health insurance, retirement plans, wellness programs, and other benefits that support employee well-being.
• Conduct regular market analysis to ensure compensation, benefits, and HR Policies are competitive and aligned with industry benchmarks.
• Develop clear communication strategies pertaining to compensation and benefits programs and associated policies.
• Ensure that all compensation and benefits programs comply with legal requirements and industry standards.
• Manage relationships with external compensation and benefits providers/consultants, develop required scope of work, and negotiate contracts to ensure cost-effective solutions.
• Analyze compensation and benefits data to monitor trends and make recommendations for program improvements.
• Provide guidance and support to Personnel Dept. and HR Business Partners regarding compensation, benefits, and policies addressing any concerns or questions.
• Review and develop revisions for compensation, benefits, and HR policies to reflect any required legal changes
• Prepare reports and presentations on compensation, benefits, and HR policy metrics for senior management, providing insights and recommendations for strategic decisions.

Requirements:

• Bachelor's degree in Human Resources, Business Administration, Economics, Finance, or a closely related discipline or a combination of disciplines from a recognized and approved program.
• MBA and/or Master’s degree is preferred in related fields.
• At least five years of experience in total rewards, compensation, and benefits, preferably in a corporate environment with exp