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 Documentation Company 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. Show more Show less