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It's fun to work in a company where people truly BELIEVE in what they're doing!
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:
Requirements
Qualifications:
If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!
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
- 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.
- 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
- 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, 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!
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