Being rich however means more than just having a lot of money. Enjoying a rich life includes making money more fun and emotional by embedding banking services into your lifestyle and within your social circle to unlock a truly rich life.
Everybody dreams of being rich(er) and fears being poor. Timo supports you in achieving this dream. Financially, we support across the 5 functions of money: moving, managing, accessing, growing, and protecting your money.
A day in your life might include
As a C&B Associate at Timo, you will need a strong foundation in labor laws and the ability to apply them in real situations, with a focus on enhancing the employee experience. You will be directly involved in operations and benefits, ensuring stability while also supporting policy innovation and staying updated on labor market trends and regulations. This role requires close collaboration with stakeholders and advising leaders on HR matters.
build a solid foundation for long- term growth in your HR career.
Beyond day- to- day responsibilities, you will also participate in strategic initiatives, sharpen your skills, and
A day in your life might include (what you will be doing/ key responsibilities)
Operational Stability:
• Efficiently handle the calculation, verification, disbursement, and management of all payroll-
related issues for both entities.
• Mainly handle, follow up, and manage various types of contracts for employees and interns.
• Ensure compliance with mandatory obligations to state agencies: SHUI compulsory, tax, dependents, and PIT finalization.
• Ensure coordination with the Finance and Accounting team for payroll- related reports and take primary responsibility for the payment process for all company employees.
• Collaborate with the Finance and Accounting team and Audit for internal checks on HR- related issues.
• Act as a direct and proactive partner with the HR department of the partner entity.
Compensation Management & Benefits Administration:
• Oversee the annual review process, including performance salary adjustments, incentive schemes, and promotions.
• Proactively handle and update compensation structures to stay aligned with market trends and company changes, including rebuilding the employee title system.
• Develop, revamp, and manage compensation policies and programs to ensure alignment with the company&039;s overall strategy and a focus on employee experience.
• Ensure compliance with relevant legislation and regulations concerning employee benefits.
Employee Database Management:
• Create, adjust, and update employee information during the onboarding/offboarding process, role/department changes, and other related processes in the service desk system.
• Update, monitor, and regularly maintain HR- related changes proactively and with attention to detail for the internal team, Timo, and the entity.
• Store and manage employee information and job- related documents, including offer letters, labor contracts (HDLD), transfer processes, and promotions.
Compliance and Reporting:
• Ensure the organization’s compensation and benefits programs comply with legal requirements.
• Prepare and submit necessary reports to governmental agencies as required.
• Maintain detailed records of all compensation and benefits activities.
Communication & Support:
• Serve as the main contact for employees with questions or concerns about compensation and benefits.
• Actively support and communicate with employees; create and distribute clear communication materials to notify employees about any changes or updates to their benefits.
• Support informative sessions and guidance related to compensation policies and procedures with state agencies (e.g., PIT finalization), to help employees understand and complete processes more easily.
Continuous Improvement:
• Implement innovative solutions to enhance employee satisfaction and retention.
• Willing to create key projects that focus on enhancing employee satisfaction and minimizing obstacles in processes, while maintaining and aligning with laws and regulations.
• Identify areas for improvement in current compensation and benefits programs.
• Stay updated on industry trends, best practices, and regulatory changes.
