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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
- Bachelor’s degree in Human Resources, Business Administration, or a related field
- Proven experience in compensation management, preferably within 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.
If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!
Top Skills
Traveloka Sydney, New South Wales, AUS Office
11 York Street, Sydney, New South Wales, Australia, 2000
