Incentive Design Specialist

Job Title

Incentive Design Specialist

Job Description

As an Incentive Design Specialist, you play a key role in shaping, delivering, and continuously improving incentive programs that support business performance and employee engagement across a global organization.

As part of the central Total Rewards team within the People Innovation & Experience (PIE) function, you operate in a product-led environment and partner closely with Product Owners and cross-functional stakeholders. You translate business needs into effective, scalable, and compliant incentive solutions.

In this role, you design, implement, and optimize incentive frameworks (such as short-term and sales incentive plans), ensuring they are competitive, aligned with organizational priorities, and consistently applied. You combine strong analytical skills with a proactive, solution-oriented mindset and thrive in a complex, international environment.

Your role:

• Design and evolve incentive frameworks: Translate business strategy and performance goals into clear, scalable global incentive frameworks (e.g. short-term and sales incentives), including metrics, eligibility, and performance logic. Anticipate external trends and ensure that incentive frameworks remain aligned with Philips’ long-term business and workforce strategy.
• Own governance and policy: Continuously improve governance frameworks, interpret policies in complex situations, and ensure alignment with Total Rewards principles, internal standards, and external regulations.
• Drive efficient end-to-end processes: Own incentive planning, design, payout, and evaluation processes, while improving tools, data flows, reporting, and ways of working.
• Turn data into actionable insights: Analyze incentive performance, cost, and effectiveness, using internal data, external benchmarks, budget modelling, and scenarios to inform decisions and trade-offs.
• Advise and align stakeholders: Act as a trusted advisor to Product Owners, People Business Partners, Finance, and business leaders, balancing competitiveness, affordability, governance, and employee outcomes.
• Ensure effective implementation: Partner with People Business Services and other operational teams to support rollout and communication, monitor execution quality, and resolve implementation issues.
• Collaborate globally and locally: Work within the central Total Rewards team and across People, Finance, Sales Operations, analytics, systems, and business teams to deliver global solutions that reflect local requirements and constraints.

Your profile:

• Bachelor's or master's degree.
• Around 7-10 years of Rewards experience with a focus on incentive design (Sales-, Short-Term- and Long-Term Incentives).
• A quantitative background (Finance, Economics, Business Analytics, or HR with strong analytics).
• A consulting mindset: structure problems, craft clear narratives, and influence stakeholders.
• Advanced Excel skills; confident with scenario modelling and visualizing insights in PowerPoint.
• Strong stakeholder management, communication, and project management skills.

Compensation & benefits

Doing meaningful work should come with fair, transparent rewards. The base salary range for this role is € 78,187 –€130,312. We determine pay within the range using objective factors, like the skills the role requires, your relevant experience and the responsibility you'll have in this role, alongside internal equity and local market considerations.

How we work together
We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week. The role is located in Amsterdam.

About Philips
We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.
• Learn more about our business.
• Discover our rich and exciting history.
• Learn more about our purpose.