What are the responsibilities and job description for the HR Labor Cost Associate position at LG Electronics?
Step into the innovative world of LG Electronics. As a global leader in technology, LG Electronics is dedicated to creating innovative solutions for a better life. Our brand promise, 'Life's Good', embodies our commitment to ensuring a happier life for all. We have a rich history spanning over six decades and a global presence in over 290 locations. Our diverse portfolio includes Home Appliance & Air Solution, Home Entertainment, Vehicle Components Solutions, and Business Solutions. Our management philosophy, "Jeong-do Management," embodies our commitment to high ethical standards and transparent operations. Grounded in the principles of 'Customer-Value Creation' and 'People-Oriented Management', these values shape our corporate culture, fostering creativity, diversity, and integrity. At LG, we believe in the power of collective wisdom through an inclusive work environment. Join us and become a part of a company that is shaping the future of technology. At LG, we strive to make Life Good for Everyone.
We are looking for a skilled HR professional with experience in labor cost reduction, forecasting or simulation of labor costs, and reporting. As the ideal candidate you should have a strong background in HR analytics and the ability to make data-driven decisions that help reduce labor costs while ensuring that workforce levels align with company objectives. In this role you will be involved in generating ad hoc reports, tracking headcount, and providing insights to guide financial and operational decisions.
This position's salary starts at $60,000 annually and increases based on experience.
Key Responsibilities:
- Labor Cost Forecasting & Simulation: Forecast labor costs accurately using advanced forecasting techniques and data simulation models. Collaborate with finance and operations teams to simulate different labor cost scenarios based on business forecasts, growth projections, and market conditions.
- Labor Cost Analysis: Regularly review and analyze labor costs, welfare costs, overtime, and staffing levels. Provide insights and recommendations for reducing inefficiencies.
- Cost-Effective Staffing: Develop and implement strategies to optimize staffing levels, including workforce planning, and flexible staffing solutions.
- Process Optimization: Collaborate with department heads to streamline workflows and improve operational efficiency, ensuring the right balance of manpower to meet business goals.
- Outsourcing & Automation: Identify opportunities for outsourcing and automation that can reduce dependency on labor costs while maintaining quality and service standards.
- Compensation Strategy: Assist in the development of competitive yet cost-effective compensation strategies, ensuring alignment with market trends and company budget.
- Employee Engagement & Retention: Focus on maintaining employee satisfaction and morale while working to reduce labor costs, ensuring a stable and engaged workforce.
- Compliance & Risk Management: Ensure all cost-reduction strategies comply with labor laws and regulations, overtime laws, or other legal requirements.
Qualifications:
- Bachelor's degree in Human Resources, Business Administration, or a related field.
- 3 years of experience in an HR role with a focus on labor cost management or a related field is preferred
- Understanding of labor cost structure, workforce analytics, and performance optimization.
- Proven experience in implementing labor cost-reduction initiatives and achieving measurable results.
- Excellent Microsoft Excel skills.
- Ability to collaborate across departments to drive cost-saving measures while maintaining an organizational culture.
- Knowledge of HR best practices.
Privacy Notice to California Applicants
At LG, we aspire to empower people and celebrate differences because we believe diversity will create the unexpected. We provide equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Consistent with our commitment to providing equal opportunity and embracing diversity, LG has implemented affirmative action to ensure applicants are employed and employees are treated without regard to these characteristics.
In addition to the above, LG believes that pay transparency is a key part of diversity, equity, and inclusion. Our salary ranges take into account many factors in making compensation decisions including but not limited to skillset, experience, licensure, certifications, internal equity, and other business needs. While we consider geographic pay differentials in final offers, because we operate in many geographies where applicable, the salary range listed may not reflect all geographic differentials applied.
Salary : $60,000
