Rewards Services Partner - APAC, ISC, Japan Job Title Rewards Services Partner - APAC, ISC, Japan Job Description Job Responsibilities: • Develops and examines budgets for merit increases, retention strategies, and various incentive programs, such as long-term incentives (LTI), annual incentives (AI), and sales incentives (SI), conducting in-depth analyses of external market data, forecasting trends, and ensuring that all compensation strategies are aligned with Philips' overall strategic goals and financial objectives. • Evaluates annual benefit program budgets by reviewing proposed changes and ensuring they align with the organizational objectives, financial constraints, and employee needs, working closely with benefits leads under limited supervision to make informed decisions that enhance employee satisfaction and retention. • Creates, updates, and ensures the implementation of rewards policies to maintain proper governance, compliance, and adherence to local and international regu...