Background: The Human Resources Department (HRD) is responsible for the administration and development of the human resources at the IDB Group. It also oversees the implementation of the Human Capital Strategy, building and implementing programs and methodologies in direct support of our results-based business model, and focusing on the development of the Bank’s talent and technical skills capacity.
HRD is looking for a ground-breaking, seasoned Principal Specialist / Lead Specialist (Team Leader) to lead the Compensation and Benefits Policies Group. This team is part of the Compensation, Benefits and HR Services Division and the position reports to the Division Chief. This position strategically designs and executes the compensation and benefits programs of the Bank in accordance with the Total Rewards Framework, supporting the attraction, motivation, and retention of the best talent.
The team: The Division analyzes, designs, and coordinates compensation, payroll, and benefits programs for international and national staff specified to Headquarters and the Country Offices. The organization’s Human Resources Services Center, responsible for administration of key benefits program, also reports through this Division.
What you will do:
Develop, socialize and present the annual compensation, benefits and recognition proposals made to senior management and the Boards of Executive Directors to optimize objectives, including, competitiveness, sustainability and a performance focus.
Oversee the process to conduct of the regular competitive compensation and benefits analyses for the organization and working with key managers in the region.
Lead the annual execution of the merit pay exercise, including managing the success of payouts and effective communication of the annual salary increase and variable pay exercise for Country Office and Headquarters managers and staff.
Support and enable management decision making, as needed, through the presentation of analyses and accompanying recommendations in the area of rewards and related topics, collaborating with Board members, executives, and management at all levels.
Contribute to the design and implementation of HR analytics, with emphasis on compensation-related metrics and monitoring, to periodically assess the efficiency of existing policies and practices in achieving predetermined objectives (e.g. talent attraction, retention, engagement).
Lead cross divisional groups tackling a variety of reward design projects to support talent management and competitiveness objectives of both the business and the IDB Group Human Capital Strategy.
Serve as employee performance supervisor by setting expectations, supervising progress, providing regular feedback and mentorship, and conducting annual performance evaluations. Monitor the quality of outputs, achievement of goals, and annual objectives for the Compensation and Benefits Policies Group within the Division.
What you will need:
• Education: Master’s degree or equivalent level advanced degree in human resources management, business administration, economics, accounting, organizational development, or other relevant fields.
• Experience: At least 10 years of progressive work experience relevant to the duties and accountabilities of the position. Strong technical background including extensive knowledge of leading-edge compensation and benefits programs, systems, and practices. Demonstrated knowledge and understanding of strategic implications of compensation and benefits policies and programs in organizations with international scope of operations. Broad experience in advisory or advising capacity through engagement with mid-size or large organizations. Strong writing/drafting skills are crucial.
• Languages: Oral and written proficiency in English and Spanish required; knowledge of Portuguese and/or French is a plus.
Starting date: September 2020 or as soon as possible
Location: Headquarters, Washington D.C., United States of America
Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents, as required.
Consanguinity: You have no family members (up to fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB Group.
Our inclusive culture: Our people are committed and passionate about improving lives in Latin-America and the Caribbean, and they get to do what they love in a diverse, collaborative and stimulating work environment. We are the first Latin American and Caribbean development institution to be awarded the EDGE certification, recognizing our proven commitment to gender equality. As an employee you can be part of internal resource groups that connect our diverse community around common interests. Because we are committed to providing equal opportunities in employment, we embrace diversity based on gender, age, education, national origin, ethnic origin, race, disability, sexual orientation, and religion. We encourage women, Afro-descendants and persons of indigenous origins to apply.
We encourage women, afro-descendants, people of indigenous origins, and persons with disabilities to apply.
About us: At the IDB, we’re committed to improving lives. Since 1959, we’ve been a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. We do more than lending though. We partner with our 48-member countries to provide Latin America and the Caribbean with cutting-edge research about relevant development issues, policy advice to inform their decisions, and technical assistance to improve on the planning and execution of projects. For this, we need people who not only have the right skills, but also are passionate about improving lives.
IDB offers a competitive remuneration and benefits package.
Our team in Human Resources carefully reviews all applications.
Due to the current COVID-19 pandemic and its implications for our Region, the IDB Group is reviewing its hiring needs and re-prioritizing its areas of talent acquisition. We encourage candidates to continue to apply to the active postings, yet current job openings may be subject to further decisions in terms of timing of the processes, or other actions, in accordance with business needs. Final hiring decisions may also be conditioned to the candidate’s ability to timely relocate to the post of duty at the moment of starting service.
Internal Number: 2000000399
About Inter-American Development
At the IDB, we’re committed to improving lives. Since 1959, we’ve been a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. We do more than lending though. We partner with our 48-member countries to provide Latin America and the Caribbean with cutting-edge research about relevant development issues, policy advice to inform their decisions, and technical assistance to improve on the planning and execution of projects. For this, we need people who not only have the right skills, but also are passionate about improving lives.
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