Job Purpose:
Designing, implementing, and managing an organization's compensation, benefits, and rewards programs to attract, retain, and motivate employees while ensuring legal compliance and cost effectiveness.
Job Responsibilities:
- Develop and implement compensation and benefits strategies aligned with the organization's business objectives
- Design and manage salary structures, pay grades, incentive plans, and bonus programs
- Conduct market salary surveys and benchmarking to ensure competitive compensation
- Review and recommend salary adjustments, promotions, and annual merit increases
- Administer employee benefits programs, including health insurance, retirement plans, leave policies, wellness initiatives, and other employee perks
- Evaluate the effectiveness and cost efficiency of compensation and benefits programs
- Manage the annual compensation review and performance-based reward processes
- Analyze compensation and benefits data, prepare reports, and provide recommendations to senior management
- Collaborate with HR, Finance, and department managers on workforce planning and budgeting
- Oversee job evaluation, job grading, and position classification processes
- Develop and maintain compensation policies, procedures, and guidelines
- Manage relationships with external vendors, insurance providers, and benefits consultants
- Monitor industry trends and recommend improvements to total rewards programs
- Participate in organizational restructuring, mergers, acquisitions, and workforce optimization initiatives from a compensation perspective
- Prepare budgets and forecasts related to employee compensation and benefits costs
- Lead and mentor compensation and benefits team members where applicable
Qualifications
- Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
- 7–10 years of HR experience, with several years specializing in compensation and benefits
- Professional certifications (such as CCP, GRP, SHRM-CP/SHRM-SCP, or CIPD) are often preferred.
- Experience with compensation benchmarking and job evaluation methodologies