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Performance & Reward Manager, Ikano Retail

Singapore, Singapore - Explore location People & HR Full Time

Job description

Company description

The IKEA vision is to create a better everyday life for the many people. We do this by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible can afford them. We operate in Singapore, Malaysia, Thailand and Philippines – and have an ambitious expansion plan to bring a little bit of Sweden to new markets in the region. We are part of the Ikano Group of companies and the only IKEA franchisee owned by the Kamprad family that founded IKEA.

We also develop, own and operate Shopping Centres that are anchored by IKEA and create walkable communities by including residential, office and other types of real estate in our development plans.

We work towards making sustainability a natural part of our everyday work. We are active in our communities, driving and supporting social initiatives that benefit children, women and the environment.

Job description

About the job

You will be a strong contributor to the performance and reward function by being a subject matter expert and oversees the areas of compensation, benefits, mobility, performance, and recognition across Ikano Retail. This role will be reporting to the Head of Performance and Reward, Ikano Retail. 

Your assignment

  • Contribute to the development of overall reward strategies.
  • Develop, review, socialise and implement all performance and reward related policies, guidelines, and programmes.
  • Ensure all reward related practices balance affordability and competitiveness, are aligned with business objectives and rewards philosophies, internally equitable, and in compliance with local legislations and regulations.
  • Understand current and emerging market trends, identify potential opportunities / gaps, and leverage external best practices, yet provide flexibility and local customization to account for cultural and market differences.
  • Monitor and evaluate the effectiveness of the reward initiatives and its related communications efforts by analysing data and feedback and develop continuous improvement actions.
  • Develop communication materials on new / improved initiatives, with the support from Corporate Communications.
  • Manage the regular performance and reward management activities and processes.
  • Support in the preparation of reporting materials to the People and Remuneration Committee.
  • Participates in vendor selection and management ensuring compliance with service level agreements and efficient administration and delivery of reward programs.
  • Partner with HR business partners / HR Managers and different stakeholders to address any performance and reward related matters.


Your profile

  • Bachelor’s degree holder from a renowned university is preferred.
  • Minimum 5 years of regional compensation and benefits experience, preferably across Southeast Asia and/or Mexico.  
  • Strong analytical and numerical skills, with great attention to details and high degree of accuracy.
  • Pro-active, Innovative, and able to challenge the common ways of thinking. 
  • Good interpersonal and communication skills (both oral and written) to influence and engage the different stakeholders, accompanied with cultural sensitivity.
  • Comfortable in writing and conducting presentations.
  • Experience with Mercer’s International Position Evaluation methodology is required.
  • Proficient with local labour legislations and regulations.
  • Proficient in Microsoft Office, in particular Excel. 

More Information

Please apply by 12 October 2022.