Principal Reward Specialist

Job Posting Organization:
The Asian Development Bank (ADB) is an international development finance institution that was established to foster economic growth and cooperation in the Asia-Pacific region. Founded in 1966, ADB has grown to include 68 member countries, with 49 of these members from the Asia and Pacific region. The organization is dedicated to alleviating poverty and promoting sustainable development through financial assistance, knowledge sharing, and partnerships. ADB's mission is to create a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while also working to eradicate extreme poverty. The bank employs a diverse workforce and is committed to creating an inclusive environment where all employees are treated with respect and given equal opportunities. ADB operates in numerous countries across the Asia-Pacific region, making a significant impact on the lives of millions of people.

Job Overview:
The Principal Reward Specialist position at ADB is a pivotal role within the Reward, HR, and Health Services Division of the Budget, People, and Management Systems Department. This position is crucial for leading the design and communication of effective reward policies and programs that cater to both international and local staff at ADB's headquarters in Manila and its field offices. The Principal Reward Specialist will ensure that ADB offers a competitive total reward package that attracts, motivates, and retains talent while aligning with the organization's strategic HR framework. The role involves overseeing junior team members and requires a strong understanding of compensation management, benefits and allowances management, job evaluation, and people management. The successful candidate will play a key role in shaping ADB's reward strategies and ensuring they are effectively communicated and implemented across the organization.

Duties and Responsibilities:
The Principal Reward Specialist will have a comprehensive set of responsibilities that include:

• **Compensation Management**: Leading the design and implementation of compensation policies for both international and local staff, ensuring alignment with ADB's strategic HR framework. This includes overseeing salary benchmarking, managing the annual salary review process, and ensuring effective communication of compensation policies to staff.
• **Benefits and Allowances Management**: Designing and implementing benefits and allowances policies for staff, ensuring they are competitive and aligned with market practices. This involves conducting periodic benchmarking reviews and preparing budget reviews for benefits and allowances.
• **Job Evaluation**: Participating in job evaluation processes to ensure consistent measurement of job sizes, which informs job grading decisions.
• **People Management**: Managing the Reward Policy team, providing direction and feedback on performance, and handling complex reward-related inquiries from clients and colleagues. The Principal Reward Specialist will also be responsible for the ongoing development of team members and ensuring high performance within the team.

Required Qualifications:
Candidates for the Principal Reward Specialist position must possess a Master's degree in Business or Public Administration, Human Resources, Organizational Development, Economics, Social Sciences, or related fields. Alternatively, a university degree in these areas combined with at least 5 years of specialized experience in similar organizations may be considered. Additionally, candidates should have at least 12 years of relevant experience in various facets of human resource management, with international experience in multiple countries, preferably within international development finance institutions or multinational organizations. Affiliation with recognized professional HR associations such as CIPD, IPMA, or ASTD is preferred. Candidates should also demonstrate experience in designing reward policies across multiple countries, market benchmarking, and possess strong budgeting and financial modeling skills related to compensation and benefits.

Educational Background:
The educational background required for the Principal Reward Specialist position includes a Master's degree in relevant fields such as Business, Public Administration, Human Resources, Organizational Development, Economics, or Social Sciences. A bachelor's degree in these areas, combined with significant relevant experience, may also be acceptable. This educational foundation is essential for understanding the complexities of human resource management and the development of effective reward strategies.

Experience:
The position requires a minimum of 12 years of relevant experience in human resource management, with a strong emphasis on international experience. Candidates should have a proven track record of working in various countries, particularly in roles related to compensation and benefits management within international development finance institutions or multinational organizations. This level of experience is crucial for effectively leading the design and implementation of reward policies that meet the diverse needs of ADB's workforce.

Languages:
While the job description does not specify mandatory languages, proficiency in English is essential given the international nature of ADB's work. Knowledge of additional languages relevant to the Asia-Pacific region may be considered advantageous, enhancing communication with diverse staff and stakeholders.

Additional Notes:
This position is a fixed-term appointment for an initial period of 3 years, with the possibility of extension for up to 2 additional years, conversion to a regular appointment, or termination at the end of the initial period based on ADB's needs and the employee's performance. The role is full-time and requires relocation to Manila, Philippines, with all reasonable relocation expenses covered. ADB offers competitive compensation and a comprehensive benefits package, including paid leave, medical and health benefits, life insurance, staff development opportunities, a retirement plan, and housing and education allowances for eligible staff. ADB encourages applications from all qualified candidates, particularly women, and is committed to fostering an inclusive work environment.