Skills: HR - General
Experience: 11 + Years
Education: Masters Degree
Location: Saudi Arabia
Aramco energizes the world economy.
Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.
With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco's value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations' spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom's vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.
We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
We are seeking a HR Policy Analyst to join the Compensation Division of HR Policy and Planning Department.
The Compensation Division is responsible for providing the direct monetary value of the Employee value proposition and Total Rewards programs. The division's three main roles are; advisory capacity to the HR and corporate management, decision capacity on remuneration operation elements and a control capacity on overseeing the implementation of the programs.
The HR Policy Analyst's primary role is to serve as a staff expert performing a variety of complex assignments in the development of policies, instructions, projects and surveys in the Corporate Compensation field.
You will be required to perform the following:
- Conduct comprehensive studies, surveys and researches to develop completed policy proposals, including Promotion policies, merit increase, salary structure and other short-term and long-term incentive plans.
- Develop and recommend new, improved and/or updated compensation programs for national and expatriate employees. Programs could include salary administration, tax equalization, allowances and special projects.
- Maintain up-to-date contacts with several consulting firms that provide global compensation surveys and market data.
- Develop and manage employee incentive programs in the form of equity-based plans (such as Stock Options, Restricted Stock Units and Performance Share Units).
- Review and provide recommendations on policies and design equity plans
- Develop and maintain equity plan metrics for regular reporting, including tracking shares available for grant (burn rate), participation in employee share purchase plan, System administrator performance, helpdesk quality, etc.
- Keep up to date with the stock exchange trends and regulations to report for department and corporate management.
- Coordinate and work closely with the third-party share plan system administrator to ensure effective implementation of equity programs
- Develop, in collaboration with corporate communication teams, communication campaign content for equity plans.
- Liaise with different company departments in the administration of equity plans, including but not limited to: Legal, Payroll, IT, Tax Accounting and HR service centers.
Minimum Experience Requirements
As the successful candidate you will hold a Bachelor's degree in Human Resources, Business Administration, Economics (finance/accounting?) or a closely related discipline or a combination of disciplines from a recognized and approved program. A related advanced degree is preferred.
You will have Eleven (11) years' experience in HR and employee compensation programs, including at least five (5) to seven (7) years in equity plans administration
- You will have a knowledge in compensation practices including short term incentives, benchmarking salary programs, and other compensation policies.
- You must have a strong knowledge of corporate equity plans administration for executive and non-executive employees
- You will be able to demonstrate Excellent communication and interpersonal skills and a proven ability to partner with cross-functional teams.
- Hands on experience in developing and maintaining stock programs including grants, shares purchase and replenishment (including Restricted Stock Units, Performance Share Units and Stock Options) is a requirement
- Experience in the Oil and Gas industry is preferred
- You will also be able to translate diverse pieces of information into meaningful conclusions and results.
- You will have the ability to manage multiple and complex projects and tasks.
Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.
At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world's biggest technical, logistical and environmental challenges, we invest heavily in talent development.
We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs - one of the largest in the world.