Freelance HR Consultant

4 months ago


Dubai, United Arab Emirates Alchemy global business consultancy Full time

**Key Responsibilities:Balanced Scorecard Development & Management**:

- **Design and Implement Balanced Scorecard (BSC) Framework**: Develop a comprehensive Balanced Scorecard system tailored to the organization’s corporate, departmental, and individual performance objectives.
- **Strategic Alignment**: Ensure that the BSC framework aligns with the bank’s strategic goals, enabling effective performance tracking across financial, customer, internal process, and learning/growth perspectives.
- **Collaboration**: Work closely with senior management, department heads, and HR teams to translate the strategic objectives into actionable metrics and KPIs for each department and employee level.
- **Monitor & Evaluate Performance**: Continuously monitor and evaluate the effectiveness of the Balanced Scorecard system, identifying areas for improvement and adjusting KPIs as needed.
- **Reporting**: Create regular performance reports for senior management, highlighting progress towards achieving strategic goals and areas for improvement.

**Performance-Based Incentive Scheme (PBI)**:

- **Design and Manage Incentive Program**: Develop a performance-based incentive scheme that integrates seamlessly with the Balanced Scorecard, ensuring fair distribution of rewards based on performance.
- **Bell Curve Implementation**: Utilize the Bell Curve principle to ensure a fair and equitable distribution of incentives across all business units, including Wholesale Banking, Retail Banking, Treasury, and Support Units.
- **Employee Motivation & Engagement**: Drive employee engagement and motivation by designing a reward system that recognizes high performers while maintaining fairness and transparency.
- **Collaboration with Compensation & Benefits**: Work closely with the Compensation & Benefits team to ensure that the incentive scheme is aligned with the overall compensation strategy and meets regulatory requirements, particularly for control functions (e.g., risk, compliance, audit).

**Strategic HR Alignment & Improvement**:

- **Ensure Compliance**: Ensure that the performance management and incentive scheme complies with regulatory requirements, especially concerning fixed compensation for control functions.
- **Employee Development**: Collaborate with the Learning & Development team to identify areas for employee growth and development, integrating training programs into the performance management framework.
- **Change Management**: Lead and manage change initiatives related to the implementation of the Balanced Scorecard and PBI system, ensuring smooth adoption across all levels of the organization.

**Data-Driven Decision Making**:

- **Data Collection & Analysis**: Leverage HR analytics and data to track performance trends, assess the effectiveness of the incentive schemes, and provide actionable insights to senior management.
- **Continuous Improvement**: Continuously review and refine the Balanced Scorecard and PBI system to ensure it meets the evolving needs of the business and promotes sustainable growth.

**Key Performance Indicators (KPIs)**:

- Successful implementation and adoption of the Balanced Scorecard across the organization.
- Measurable improvement in performance metrics across financial, customer, internal process, and learning/growth perspectives.
- Fair and transparent distribution of performance-based incentives across all business units.
- Increase in employee engagement and satisfaction levels linked to the performance-based incentive scheme.
- Alignment of HR and business strategies through improved performance management systems.

**Qualifications and Experience**:

- **Education**: Bachelor’s degree in Human Resources, Business Administration, or a related field. A Master’s degree or professional certification (e.g., SHRM, CIPD) is preferred.
- **Experience**: Minimum of 5-7 years of experience in HR or strategic planning, with specific experience in performance management, incentive design, or strategic HR frameworks (e.g., Balanced Scorecard).
- **Skills**:

- Strong understanding of strategic performance management frameworks, including Balanced Scorecard principles.
- Expertise in designing and implementing performance-based incentive schemes.
- Strong analytical and problem-solving skills with experience in HR data analytics.
- Excellent communication and collaboration skills, with the ability to influence stakeholders at all levels.
- Experience in managing change and driving organizational improvements.

**Preferred Skills**:

- Knowledge of HR software and performance management systems (e.g., SAP SuccessFactors, Oracle HCM).
- Understanding of industry-specific regulatory requirements related to compensation, particularly in banking or financial services.
- Experience working in a highly regulated environment, particularly in the banking or financial services industry.

**Work Environment**:

- Office-based role with occasional travel to company sites or external meetings as requir


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