Job
Description
Job Title: Compensation & Benefits The Compensation & Benefits Manager is responsible for designing, implementing, and managing the organization's compensation and benefits programs to ensure they are competitive, equitable, and aligned with the company's strategic objectives. This role requires expertise in benchmarking, compliance, and innovation to attract, retain, and motivate top talent. Key Responsibilities Compensation Management Design and oversee salary structures, pay grades, and bonus programs aligned with market trends and business goals. Conduct regular benchmarking and market surveys to ensure competitive positioning. Manage the annual compensation review process, including salary adjustments and incentive allocations. Develop and manage job evaluation systems to ensure internal equity and consistency. Benefits Administration Design and implement employee benefits programs, including insurance, retirement plans, wellness initiatives, and other perks. Conduct periodic reviews of benefit programs to ensure compliance, cost-effectiveness, and employee satisfaction. Work with vendors and third-party administrators to manage benefits offerings and resolve issues. Regulatory Compliance Ensure all compensation and benefits programs comply with local labor laws, tax regulations, and statutory requirements. Monitor changes in legislation and recommend necessary updates to policies and programs. Analytics & Reporting Analyze compensation and benefits data to provide insights and support strategic decisions. Prepare regular reports for management, highlighting trends, risks, and opportunities. Utilize HR analytics tools to forecast compensation costs and optimize benefits utilization. Employee Communication & Support Develop clear communication materials to explain compensation and benefits programs to employees. Act as a point of contact for employee queries related to pay, benefits, and rewards. Conduct training for managers on compensation policies and practices. Qualifications Education: Bachelor's degree in Human Resources, Business Administration, or related field. A Masters degree or MBA is preferred. Experience: 4-6 years of experience in C&B management, preferably in a mid-to-large organization. Strong expertise in compensation structures, job evaluation methodologies (e.g., Hay, Mercer), and benefits design. Skills: Advanced knowledge of HRIS and compensation management tools. Excellent analytical and project management skills. Strong understanding of labor laws and compliance requirements. Exceptional communication and stakeholder management skills. Key Competencies Strategic mindset with attention to detail. Problem-solving and decision-making ability. Ability to handle confidential and sensitive information with integrity. Adept at managing multiple projects and priorities in a fast-paced environment
