Rewards & Wellbeing Lead CARCAM

Are you looking to accelerate your professional development, build a brilliant career, and thrive in a highly supportive team? Join InchcapeCARCAMpart of Inchcape’s global network.

You’ll play a key part in delivering great experiences for our customers and colleagues. With lots of interesting opportunities and challenges for you to explore that will take us, and your progression, to the next level.

Our People team is seeking a
Reward & Wellbeing Lead CARCAM
to join our team in
Panama
supporting the Caribbean & Central America cluster. In this position you will be responsible for designing, implementing, and managing the organization’s total rewards strategy, including compensation, benefits, wellbeing, recognition, and incentive programs. The role ensures that reward practices are competitive, equitable, compliant, and aligned with business objectives while supporting the attraction, retention, engagement, and performance of employees.

The ideal candidate will be accountable for HR personnel cost management, workforce budgeting, forecasting, and budget control, providing data-driven insights and governance to optimize reward investments and ensure sustainable people-related expenditures across the organization.

• Lead the organization’s total rewards strategy, encompassing compensation, benefits, wellbeing, recognition, and variable pay programs to support talent attraction, retention, and engagement.
• Manage annual salary review and merit increase processes, market benchmarking, pay equity assessments, salary structures, grading frameworks, and job evaluation activities.
• Review and approve compensation recommendations related to promotions, transfers, and new hires, ensuring governance and internal consistency.
• Own HR personnel cost planning, budgeting, forecasting, and budget control, partnering with Finance to monitor labor costs, salary investments, and incentive spending
• Oversee employee benefits programs, ensuring competitive and cost-effective offerings through vendor management, contract negotiations, and continuous market evaluation
• Develop and execute employee wellbeing and recognition strategies, measuring effectiveness through participation levels, employee feedback, and workforce metrics.
• Administer annual bonus and incentive programs, including sales incentives and short-term incentive plans, ensuring accurate calculations, compliance, and governance.
• Deliver reward analytics, workforce insights, dashboards, and executive reporting to support strategic decision-making and cost optimization.
• Ensure compliance with labor legislation, reward policies, audit requirements, data privacy standards, and regulatory changes impacting compensation and benefits.
• Manage external reward and benefits providers, monitoring service levels, renewals, contractual performance, and budget efficiency to maximize value and employee experience.

To be successful in this role you will be:

• Graduated in Business Administration, Human Resources, Finance, Accounting, or related Degree.
• +5 years of proven experience in multinational companies in Compensation & Benefits.
• Proven experience leading wellbeing initiatives with impact on employee engagement.
• Fluent in English and Spanish.
• Advanced Microsoft Office, SAP, Success Factor, Salary Survey Methodologies, PwC, and Mercer.

At Inchcape, we’re shaping the future of mobility, and you’re invited to shape it with us. You’ll join a collaborative culture that values wellbeing, growth, and inclusion. Through impactful work, ongoing development, and global and local rewards, we create a workplace for people to succeed and fulfil your aspirations.

Inchcape actively encourages applicants from all identities, backgrounds, and experiences, helping ensure our workforce is representative of the global communities we operate in. Read more here about our Inclusion and Diversity commitments, including our targets, programmes, and policies.

Inchcape actively encourages applicants from all identities, backgrounds, and experiences, helping ensure our workforce is representative of the global communities we operate in. Read more here about our Inclusion and Diversity commitments, including our targets, programmes, and policies.