Job Purpose
The Compensation & Benefits Manager is responsible for designing, implementing and overseeing the Wynn al Marjan Islands compensation and benefits programs to ensure that they attract, retain and motive employees
Essential Duties
- Perform compensation surveys, research and analysis and recommend changes to ensure current benefit plans are competitive and strategically aligned
- Develop and implement salary structures and incentive programs
- Conduct salary benchmarking and market analysis to ensure competitive pay
- Work closely with other HR teams to design and deliver retention plans/ schemes
- Oversee the administration of annual salary reviews and promotions
- Design and Manage Employee Benefits Programs e.g. health insurance
- Evaluate and negotiate with benefits providers
- Develop employee assistance and wellness programs
- Oversee payroll processing to ensure accuracy and timeliness
- Work with legal and HR teams to mitigate risks related to compensation and benefits
- Develop communication materials and conduct training on benefits offerings
- Prepare and manage compensation and benefits budgets
- Analyze compensation data and trends to support financial planning
- Recommend cost-saving measures while maintaining competitive benefits
- Develop and manage bonus, commission, and incentive programs
- Implement recognition and rewards programs
- Generate reports on payroll, turnover, and compensation trends
- Support HR and leadership teams with data-driven insights
- Ensure compliance with labor laws related to benefits
Education
- Bachelor’s degree in human resources, business administration, finance, or a related field
- Additional certifications in human resources or compensation and benefits management can be beneficial
Experience
- Relevant work experience in a related occupation is essential
Skills / Knowledge
- Expertise in designing salary structures, incentive programs, and benefits packages
- Ability to analyze salary surveys, market trends, and internal pay structures
- Proficiency in HR technology platforms (e.g., Workday, SAP, Oracle, ADP)
- Strong numerical skills for managing compensation budgets and forecasting costs
- In-depth knowledge of employment laws and industry standards