TERENCE BOON
Regional Manager, Compensation & Benefits (Asia)
Summary
The short-term goal is to develop capabilities required of a HR leader enabling HR advisory and alignment of internal processes towards achieving organization’s long-term growth.
Demonstrated success in building and deploying well-planned benefits and compensation plans. Willing to embrace changes, shows initiative to propose and roll out improvements in various internal processes; also able to engage and manage internal and external stakeholders.
Overview
13
13
years of professional experience
5
5
years of post-secondary education
1
1
Certification
Work History
Regional Compensation & Benefits Manager (Asia)
TOLL GROUP
06.2023 - Current
- Main Highlights: Total revamp of China's blue collars salary structure in line with Business Continuous Improvement team resulting in cost savings alongside improved Employee Morale and productivity.
- Main consult on all Compensation & Benefits related matters across all 11 Countries.
- Develop benefits repository capturing all major compensation & benefits policies across the region for ease of analysis and identification of gaps
- Championing the need for adherence to core Compensation & Benefits principles across the region while collaborating with Country Human Resource Managers to develop differentiated plans for business needs
- Review of Sales incentive plans, Short Term incentive plans as well as productivity incentive plans across the region.
- Develop annual salary ranges in preparation of annual merit increment cycle as well as bonus payout.
- Developed strong communication and organizational skills through working on group projects.
- Performed evaluations of market trends and legislative changes and to make sound decisions about future company benefits and compensation direction.
- Auditing of individual Countries compensation & benefits policies process and documentation to ensure compliance
Regional Total Rewards Specialist (SEA)
CARRIER
09.2021 - 06.2023
- Main Highlights: Successful harmonization of Malaysia Transportation Allowance policy across 3 entities. This resulted in better pay parity and transparency in addition to promoting lateral moves across entities.
- Assist in the diversification of sold entities by developing independent compensation & benefits policies while providing hyper-care for clarifications
- Participated in the assessment and harmonization plans of compensation & benefits policies during merger & acquisitions within the SEA region.
- Leading the analysis and reporting on employee benefits data by identifying trends and developing proposals for improvement across the region.
- Facilitate the Talent Management program by proposing accelerated compensation roadmaps for identified high potentials.
- Developed and educated both Talent acquisition team and HRBPs on job evaluation for equitable compensation purposes.
- Continuous review of region's compensation & benefits policies, and upon identification of gaps, proposing & implementing plans of alignment
- Negotiated and managed contracts with health insurance providers to secure cost-effective employee coverage.
Assistant Manager, Compensation & Benefits
INFOSYS COMPAZ PTE. LTD.
06.2019 - 09.2021
- Main Highlight: Creating an internal salary structure from ground zero, using Radford IT industry specialized market data alongside job pairing evaluation methodology
- Improving talent acquisition process by reducing compensation assessment turnaround time through automation of salary ranges
- Created rewards and recognition programs for acknowledging employees' achievements.
- Evaluated data, identified trends and recommended changes in compensation structures.
- Negotiated and managed contracts with health insurance providers to secure cost-effective employee coverage.
Human Resource Executive
CARGOTEC CHS PTE. LTD.
11.2017 - 06.2019
- Main Highlight: Identifying the need and creation of separate salary structure for blue collars. New Salary structure to be skill-based and succeeded in promoting pay transparency, improving morale and increased personal motivation for skills development
- Maintained human resources regulatory compliance with local (Singapore) laws.
- Evaluated human resources work processes proposed improvements to increase efficiency
- Educated employees on company policy and kept employee handbook current.
- Directed hiring and onboarding programs for new employees.
- Performed administrative and customer service functions by responding to general employee inquiries and addressing employee relations issues
- Other duties includes, but not limited to, involvement in Annual Merit & Bonus cycle, employee data maintenance and monthly payroll processing
Analyst, Human Capital
MAYBANK KIM ENG SECURITIES PTE. LTD.
09.2015 - 10.2017
- Main Highlight: Pro-active review of salary positioning of key staff and presenting rectification proposals which were eventually approved and implemented.
- Ad-hoc project: Main project coordinator for transition of payroll and data system from TimeSoft to SAP. Performed system analysis, documentation, testing, implementation, and user support for platform transitions.
- Comprehensive payroll processing: data maintenance (adding new hires, remove inactive employees), payment instructions to bank, CPF & Tax submission, analysis of cost variance reports
- Annual budgeting and implementation of merit & bonus cycle
- Market Survey participation - Willis Tower Watsons, Mercer & McLagan
- Other duties includes leave administration, employee engagement programmes such as HR Clinic & lunch talks, ad-hoc reports e.g. headcount or staff costs reports, audit queries liaison
Human Resource Intern - Global Mobility
STMICROELECTRONICS (INTERNSHIP)
12.2010 - 02.2011
- Main liaison of expatriates for simple queries such as sourcing of accommodation or dependents' school
- Verification and submission of expatriates’ expenses for payment processing
- Producing reports (e.g costs or visa validity) when required, supported by timely compilation and updating of spreadsheets
- Other manual administrative duties such as filing of relevant supporting documents
Education
Bachelor in Business Management -
RMIT UNIVERSITY
01.2014 - 04.2015
Diploma in Human Resource Management with Psychology - undefined
SINGAPORE POLYTECHNIC
01.2008 - 04.2011
Skills
Salary Benchmarking
Job Evaluation
Compensation Analysis
Benefits Harmonization
Proficient in Microsoft Excel
Proficient in Microsoft PowerPoint
Verbal and Written Communication
Stakeholder Management
Certification
Certified Total Rewards Specialist (CTRS)
Language And Skills
Verbal & Written : English and Mandarin
Software Skills: Microsoft Office (Words, Excel & Power-point), Workday
Availability
I am required to serve two (2) month’s notice.
Extracurricular Activities
1st Runner Up in Human Resource Challenge 2011 Integrated Human Resource Project with GMP holding (Leader) Vietnam Learning Trip 2010
Timeline
Certified Total Rewards Specialist (CTRS)
04-2024
Regional Compensation & Benefits Manager (Asia)
TOLL GROUP
06.2023 - Current
Regional Total Rewards Specialist (SEA)
CARRIER
09.2021 - 06.2023
Assistant Manager, Compensation & Benefits
INFOSYS COMPAZ PTE. LTD.
06.2019 - 09.2021
Human Resource Executive
CARGOTEC CHS PTE. LTD.
11.2017 - 06.2019
Analyst, Human Capital
MAYBANK KIM ENG SECURITIES PTE. LTD.
09.2015 - 10.2017
Bachelor in Business Management -
RMIT UNIVERSITY
01.2014 - 04.2015
Human Resource Intern - Global Mobility
STMICROELECTRONICS (INTERNSHIP)
12.2010 - 02.2011
Diploma in Human Resource Management with Psychology - undefined
SINGAPORE POLYTECHNIC
01.2008 - 04.2011