Principal Reward Specialist

The Principal Reward Specialist leads the design and communication of effective reward policies and programs for international and local staff at ADB Headquarters and field offices. The role ensures a balanced and market-competitive total reward package to attract, motivate, and retain talent, contributing to broader HR and business initiatives on reward-related aspects.

Responsibilities

• Lead the design and implementation of effective compensation policies and programs for international and local staff at HQ and across ADB's field offices.
• Lead reviews and recommend changes to ensure alignment of compensation policies with ADB's Strategic HR Framework and reward guiding principles.
• Oversee periodic benchmarking review of ADB's salary levels and development of salary ranges.
• Design and oversee the annual salary review process and implementation of salary increases at HQ and field offices, ensuring IT systems support.
• Ensure clear communication to staff on compensation policies and processes.
• Lead preparation of annual budget reviews for compensation elements of the reward package.
• Lead design and implementation of benefits and allowance policies for international and local staff, ensuring alignment with ADB's Strategic HR Framework and reward guiding principles.
• Oversee periodic benchmarking review of benefits and allowances and develop proposals for enhancements.
• Ensure clear communication to staff on benefits and allowances policies and processes.
• Lead preparation of annual and mid-year budget reviews for benefits and allowances.
• Participate in job evaluation processes to ensure consistent measurement of ADB positions for job grading decisions.
• Ensure job size and grading decisions are integrated into salary benchmarking exercises.
• Manage the Reward Policy team, supervising team members.
• Manage performance of reporting staff, provide direction, monitoring, feedback, and ensure ongoing learning and development.
• Handle complex or unconventional reward-related questions and problems from clients and colleagues.

Requirements

• Master's degree in Business or Public Administration, Human Resources, Organizational Development, Economics, Social Sciences, or related fields; University degree in Business or Public Administration, Human Resources, Economics, Social Sciences, or related fields combined with at least 5 years of specialized experience in similar organizations can be considered.
• At least 12 years' relevant experience in various facets of human resource management, with international experience working in several countries, preferably in international development finance institutions or multinational organizations.
• Preferably affiliated with and/or certified/accredited by recognized professional HR related associations such as CIPD, IPMA, ASTD, etc.
• Demonstrated combined experience in designing reward policies across multiple countries, market benchmarking, budgeting and financial modeling skills related to compensation and benefits.
• Strong supervisory skills, multidisciplinary competence, and ability to organize, lead and manage a team.

Skills

• Reward Policy Design
• Market Benchmarking
• Compensation Budgeting
• Financial Modeling
• Human Resources Management
• International HR Experience
• Team Leadership
• Supervisory Abilities
• Organisational Development
• Talent Retention Strategies
• Multidisciplinary Competence
• HR Program Communication
• Certified HR Professional
• Public Administration
• Economics
• Social Sciences

Languages

English