HR Specialist, Compensation & Benefits
World Bank Group
4 years 0 months
Washington, DC,United States
12/7/2022 (MM/DD/YYYY) at 11:59pm UTC
Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org
The Human Resources Department Employment Policy, Compensation and System (HRDPC) contributes to the WBG HR Strategy in the areas of (a) compensation, benefits, rewards; (b) policy, analytics, and knowledge management; (c) HR operations - HR services delivery; and (d) other relevant Department programs, cross-cutting streams, and initiatives (mobility benefits, engagement, audit, governance). Regarding the compensation work program, the HRDPC is in charge of design and implementation of compensation policies and programs for regular staff and the contingent workforce in Headquarters (Washington, D.C.) and over 130 country offices.
B. Duties and Accountabilities
The job reports to a Team Lead/Senior HR Specialist (Compensation). The job focuses on the following areas:
1. Active Participation and Contribution towards WBG Compensation Strategy, Design, and Implementation of WBG Compensation System – Works on the development, enhancement, and innovation of the WBG remuneration strategy, system, including its regular reviews in line with the overall WBG business and HR strategy. Provides technical assistance and support to the formulation of recommendations on modifications of the WBG compensation system to Senior Management and the Board. Conducts annual compensation reviews, which includes development of WBG salary scales and salary increases matrices (using available compensation analysis tool) for relevant client portfolio(s) covering WBG HQ and/or country offices. Implements compensation mechanisms (such as Special Compensation Measures) and provide guidance on implementation of compensation tools (such as Scarce Skills Premium, Recruitment Bonus, Hazard and Fragility Pay). Conducts special projects or initiatives such as the variable pay design, total rewards, or performance-based pay. Provides inputs to development or updates of compensation policies. Coordinates with stakeholders (e.g., HR Operations, WFA, BPS) and provides requested data inputs associated with the remuneration agenda.
2. Client Group Portfolio – Implements compensation policies and programs in a portfolio of WBG HQ and/or country offices (region, sub-region, or several geographic locations). Partners with country and regional management or other relevant stakeholders, as well as HR Business partners and staff, in delivering competitive and cost-effective programs.
3. Research, Benchmarking and Analytics – Reviews, analyzes, and validates market compensation survey reports submitted by HR consulting firms. Interacts with HR consulting firms, provides inputs in market compensation surveys and job matching exercises. Works on development and enhancement of compensation analysis approaches and tool(s), on compensation analytics, in particular on how to improve compensation data collection and data usage. Researches relevant economic indicators needed for the compensation reviews (e.g., inflation, exchange rates), changes in tax rules and provides information on market movements and trends in various country labor markets.
4. Communication and Engagement - Communicates outcomes of annual compensation reviews, salary increases, and other compensation-related matters. Regularly engages with management and staff. Develops and delivers communication materials to staff and management. Contributes to development of the content of the compensation webpage on the intranet. Develops learning materials for staff and management on WBG compensation.
5. Support in Other Areas - Supports the procurement process related to the selection of survey consulting firms, including preparation of terms of reference, or review of requirements. Gathers and analyzes data, writes reports and provides policy advice. Develops and maintains contacts with other international organizations and consulting firms. Provides information to other international organizations and corporate partners (such as Staff Association, Legal, Budget). May represent the compensation team within and outside the WBG.
1. Master's degree in HR, Business, Economics, Statistics, Finance, Accounting, or relevant field. Additional certification in compensation from a recognized professional organization is a plus.
2. A minimum of 5 years of work relevant experience in the design and implementation of global compensation systems and policies.
3. Strong analytical skills to analyze data and draw conclusions/recommendation. Work on costings or determining financial impact of compensation. Demonstrated experience and skills in extensive (numerical) data analyses.
4. Proficient oral and written communications skills. Excellent interpersonal skills and diplomacy. Ability to operate sensitively in multi-cultural environments and build effective working relations with clients and colleagues. Proficiency in English. Other language(s) would be a plus.
5. Strong project management skills. Action-oriented and focused on deliverables.
6. Ability to work effectively in a rapidly changing and fast-paced environment, with tight deadlines (e.g., during the Annual Compensation Review period). Ability to handle and adjust to a variety of concurrent activities, judge priorities and independently organize work effectively.
7. Ability to handle confidential and sensitive information (e.g., HR information, individual staff cases). High degree of reliability, initiative, and resourcefulness.
8. Self-starter and Professional curiosity. Actively pursues professional development. Demonstrates a broad understanding of the most recent trends in HR, in particular related to compensation in regions and how the compensation contributes to the Employment Value Proposition.
This job may require some travel (several weeks per year).
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.