? Implementing and monitoring the goals, incentive compensation plans and awards programs for Medical Device Division as well as its member subsidiaries.
? Creates fields’ communication plan and timeline for the incentive compensation and awards programs.
? Works closely with cross-function management to provide compensation insight and to ensure consistency between corporate strategies and field compensation plans.
? Lead the development of all incentive compensation philosophy and strategy.
? Provide guidance and direction to department for the production of complex, prospective analytical modeling based on assumptions guided by experience, logical thought and understanding of mathematics and statistics to define and predict probabilities of budget compliance for sales and awards programs. Tracks budget compliance based on projected results and reports projections, with explanations of variance.
? Designs, checks for quality and manages the distribution of monthly performance targets and internal management including all award programs.
? Supports BU and member subsidiaries to generate analysis to support key business initiatives as it relates to the field incentive plans including strategic overview, and analysis of plan and goal setting options. Performs monthly, quarterly and annual analysis of the field incentive plan to Senior Management. Guides the analysis of the development of any changes to the field incentive plan as business needs arise.
? Monitor and coordinate the incentive plan payout and the delivery.
? Manages vendor relationships as appropriate and per the respective contracts.
? Bachelor’s Degree preferable in business or an analytical field such as finance, statistics, economics, math, engineering, etc.
? At least 10 years’ experience in incentive compensation design and performance management, or comparable experience in quantitative field.
? Firm grasp of the pharmaceutical industry and comprehensive knowledge in incentive compensation is preferable.
? Advanced communication and presentation skills in both Mandarin & English