1. I.       Background

The Ministry of Finance (MoF) is seeking to hire a Human Resource Specialist to harmonize compensation structures of State Owned Enterprises and to improve efficiency of SOEs within the guidelines of Privatization and Corporatization Act (3/2013).

1. II.    Objectives

The objective is to develop a fiscally sustainable, equitable and performance- enhancing pay policy and harmonize compensation structures across state owned public enterprises. The individual also will identify areas where efficiency and productivity of the SOE can be improved and suggest recommendations.

III. Scope of Work

The individual will be asked to review State Owned Enterprises salary structure and organizational structure. In addition, develop a compensation structure and propose an organization structure along with a transitional plan to transfer employees to the new structure. Specifically the individual should carry out the following tasks:

1. Research on current compensation structure of State Owned Enterprises and analyze models to harmonize compensation structure which supports fiscally sustainable, equitable and performance- enhancing pay policy.
2. Develop a classification and grading system for State Owned Enterprises.
3. Develop a job structure and salary structure for State Owned Enterprises.
4. Prepare analysis on budgetary implications on proposed compensation structure.
5. Prepare a transitional plan and migration policy on moving current employees to the new compensation structure.
6. Conduct awareness on new compensation structure and work closely with the stakeholders.
7. Conduct analysis as required by the employer to identify operational weaknesses in the SOEs.
8. To recommend efficiency improvement and productivity enhancement areas for SOEs.

IV. Qualification & Experience Requirements

The Candidate should possess the following qualifications and experience:

1. A minimum of Bachelor’s Degree in Human Resource Management, with 5 years of experience in a related sector or Bachelor’s Degree in any other field specialized in Human Resource Management/Financial management, with 5 years of experience in a related sector.
2. Demonstrate ability to conduct research and analyses independently.
3. Excellent written and oral communication skills in English and Dhivehi.
4. Able to operate effectively in a team, contributing positively to team operations and working relationships.

1. V.    Duration of the Contract

Duration: Successful candidates will be initially contracted for a period of 12 Months, and shall be renewed at the end of the contract period based on the performance and organizational need.

Commencement of work: July 2019

VI. Reporting Requirements

The successful candidate will work in coordination with Ministry of Finance (MoF) and Privatization and Corporatization Board (PCB), and will be based at MoF and shall work very closely with counterpart staff and other stakeholders.

1. VII.  Remuneration

Successful candidate will be paid a negotiable monthly fee depending on qualification and experience.

If you seek a challenging assignment leading to positive results and qualify the requirements specified in the Terms of Reference, please submit a cover letter along with the following:

1. CV including information that demonstrates that the candidate is qualified to undertake the scope of work (description of similar assignments, and experiences in similar field of work)
2. Copies of previous research/publications.
3. Copies of academic qualifications (Accredited)
4. Reference letters from current and/or previous employers.

TO: Ministry of Finance

Ameenee Magu

Male’, Maldives

Or email: [email protected]

Application deadline: before 13:30hrs of (15^th July 2019/ Monday)

For further inquiries, please contact our Call Centre 1617 or email [email protected]