Compensation Benefits Specialist

Job Description

Key Roles and Responsibilities: Performance Management and Succession Planning:System Oversight: Implement and manage performance management systems, including goal-setting and evaluations.Identify Talent: Collaborate with managers to pinpoint high-potential employees and create succession plans.Leadership Initiatives: Develop and execute programs to prepare employees for leadership roles.Annual Process: Design and manage the annual performance management cycle.Program Maintenance: Maintain and enhance the succession planning program.Issue Management: Address performance issues and provide coaching.HR Support: Aid in creating and executing HR policies and job documentation. Employee Engagement, Wellness, and Retention:Wellness Programs: Develop and manage comprehensive employee wellness initiatives.Engagement and Satisfaction: Conduct surveys and analyze data to monitor engagement and satisfaction.Retention Strategies: Implement initiatives to improve employee satisfaction and retention.Positive Culture: Address concerns and foster a positive work environment.Effectiveness Monitoring: Track the success of wellness programs and maintain external partnerships. Talent Analytics:Data Utilization: Utilize data and analytics to measure the effectiveness of talent management programs.Reporting and Insights: Provide regular reporting and insights to senior leadership.Data-Driven Recommendations: Make data-driven recommendations for talent-related improvements and optimizations. Document Depository:Policy Creation.SOP DocumentationCompany Guidelines: Draft guidelines for company documents as needed. Manpower Budgeting:Support Budgeting: Support business units in manpower cost budgeting processes.Forecasting Costs: Forecast end-of-year manpower costs and present monthly predictive analytics. Reward and Recognition:Develop Programs: Create and manage reward and recognition programs to enhance employee motivation and engagement.Implement Initiatives: Implement initiatives to recognize and reward employee achievements and contributions. Legal Compliance and Diversity & Inclusion:Compensation and Benefits: Ensure compensation structures comply with legal standards and oversee benefits programs, including health insurance and retirement plans.Labor Law Adherence: Maintain compliance with labor laws and regulations.D&I Initiatives: Foster diversity and inclusion programs within the organization. Stakeholder Management and Team Leadership:Engagement: Present compensation trends to senior management and business heads.Collaboration: Work with HR and business teams to facilitate program delivery.Lead and Mentor: Lead, mentor, and develop a high-performing talent management team.Set Objectives: Set clear objectives and provide regular feedback and coaching.Innovative Team Culture: Foster a collaborative and innovative team culture. Compensation Benchmarking:Strategic Planning: Develop and implement a compensation plan aligned with organizational goals.Policy Updates: Maintain policies related to compensation, job evaluation, and incentives.Simulations: Create models for partner increments and variable pay.