HUMAN RESOURCES OFFICER (REWARDS & INCENTIVES)- WASHINGTON, DC- 180560
the World Bank, International Finance Corporation
July 30, 2018
Full Time - Experienced
Area of Responsibility:
Benefits, Compensation, Payroll, Total Rewards
HUMAN RESOURCES OFFICER (REWARDS & INCENTIVES)- WASHINGTON, DC- 180560
HUMAN RESOURCES OFFICER (REWARDS & INCENTIVES)
BACKGROUND / GENERAL DESCRIPTION:
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is a global leader, investor and advisor committed to projects in its developing member countries that reduce extreme poverty and boost shared prosperity. IFC finances private sector investments, mobilizes capital in the international financial markets, helps clients improve social and environmental sustainability, and provides technical assistance and advice to businesses and governments in the developing world. Private sector financial development is essential to the promotion of successful and sustainable economies in low and middle-income countries around the world. Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth. IFC’s goal is to prioritize investment in the financial sector because it promotes development in all other sectors.The IFC HR function addresses IFC specific business needs with dedicated teams. The IFC HR Programs Team (CHRPM) oversees the design and supports the implementation of improved HR processes, practices, programs, and tools. The CHRPM Team works with HR Business Partners and client departments/VPU to deliver products that meet the business needs of IFC.IFC HR Program team has an exciting opportunity for a HR Officer, to join an energetic, results-driven team, to support the design and implementation of Rewards and Incentives programs for IFC. The desired candidate should possess a strong background in Rewards and Incentive design and implementation that support strategic business delivery, talent retention and performance differentiation. As such, the strategic role fulfilled by the officer will involve benchmarking and bringing best practices experiences from the private sector and IFIs. Good understanding of IFC’s business delivery model is critical for this role.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3 year term appointment.
DUTIES AND ACCOUNTABILITIES:
Contribute to the design of Rewards and Incentives programs thorough historical program analysis, and modelling of design proposals to support IFC’s strategy.
Implementation of Rewards and Incentives programs, taking ownership of all project management processes related to delivery and administration of the program to ensure timely payout; including the development and review of Excel databases to facilitate the program administration, preparing and delivering presentations to HR Client Services teams, and internal clients, coordinating the processing and calculation of Rewards payouts globally, and working with implementation partners to ensure relevant systems are adequate and ready to support the annual program administration.
Maintain and develop policies, procedures and controls for Rewards and Incentives programs
Build incentive/compensation dashboards and link them to business performance, effectiveness and strategy
Ensure program design reinforces meaningful performance differentiation
With the support of the analyst in the team, provide to senior leadership with trend analysis and industry best practices research on the use of Rewards and Incentives to support organizational decision making
Provide financial analysis, controls and risk management, and budgetary requirements for the Rewards and Incentive Program to HR and IFC Management; including other stakeholders at various levels of IFC and Board of Executive Directors
Participates in special projects and performs other duties as assigned
MBA or Master’s degree in Human Resources Management, Business, Finance or related field, demonstrating solid quantitative skills
Minimum of 5 years of experience in the analysis, design and administration of Rewards and Incentive Program; leading a team of incentive analysts
Demonstrated knowledge of best practices in incentive compensation – plan delivery, process management, and administration
Ability to build relationships and to influence and collaborate across departments to achieve objectives
Certified Compensation Professional (CCP) preferred or equivalent
Demonstrated knowledge of total compensation theory, job classification principles and job evaluation methodology
Experience in the collection, analysis and determination of total compensation data
Strong analytical and quantitative skills for financial modeling, salary structure design, incentive plan design, market benchmarking and job evaluation
A detail-oriented self-starter who can work independently and follow broad and complex instructions
Strong organizational skills to manage multiple projects from concept to finish
Excellent team and collaborative skills across boundaries
Proven ability to develop and maintain working relationships across levels of staff and managers
Ability to see big picture, think strategically, and deliver pragmatic and structured solutions to client/business needs.
Ability to work in a fast-paced environment with shifting work priorities and demands
Excellent verbal and written communication skills and strong presentation skill
Preferred candidates are likely to have experience of working from global organizations. Private sector experience is a distinct advantageCOMPETENCIES:PROFESSIONAL CURIOSITYContinuously enhances understanding of HR theory and practice; keeps abreast of emerging developments in the broader organizational and professional context.INTEGRATING INFORMATIONIntegrates complex information, ideas and analyses from multiple sources inside and outside the organization; readily identifies interactions, connections and operational implications.JUDGMENTAnalyses based on deep understanding of HR, clients and other relevant data; draws correct conclusions and makes recommendations that balance risks and address needs of clients and the broader WBG.CREDIBILITYAdvocates for integrity and ethical behavior within HR and client organizations; monitors own and team progress on projects and other work, in order to meet commitments; assists colleagues and team in identifying and advancing HR and WBG perspectives.TRUSTED COMMUNICATORAnticipates and addresses sources of potential conflict among colleagues or clients; demonstrates tact and discretion in handling difficult and/or sensitive matters; provides regular, consistent, and meaningful information to clients, HR staff and individuals; delivers difficult or unpopular messages with clarity, tact and diplomacy.COMMITMENT TO MISSION AND VALUESModels values that reflect desired culture and climate; identifies conflicts between mission/values and operational practices, and seeks to address.CONSULTATION : Develops and maintains internal networks to inform understanding of the WBG’s business, client needs and potential solutions; promotes dialogue on significantissues; own recommendations reflect a solid understanding of WBG context as well as client needs.FLEXIBILITY: Accepts responsibility to address change needs and resolve ambiguity; works with stakeholders to identify and implement appropriate change INFLUENCING: Identifies need and opportunity for marketing/promoting HR initiatives and advocates for these within and outside HR; draws on understanding of issues, impacts on others involved and own experience in order to support a position.The World Bank Group is committed to achieving diversity in terms of gender, nationality, culture and educational background. Individuals with disabilities are equally encouraged to apply. All applications will be treated in the strictest confidence.
Employer will assist with relocation costs.
Internal Number: 180560
About the World Bank, International Finance Corporation
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is a global leader, investor and advisor committed to projects in its developing member countries that reduce extreme poverty and boost shared prosperity. IFC finances private sector investments, mobilizes capital in the international financial markets, helps clients improve social and environmental sustainability, and provides technical assistance and advice to businesses and governments in the developing world. Private sector financial development is essential to the promotion of successful and sustainable economies in low and middle-income countries around the world.
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