Compensation & Benefits Specialist (Up to $5,200) #NKC

RECRUIT EXPRESS PTE LTD; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A human resource consulting firm in Singapore is seeking a Compensation and Benefits Specialist to ensure compliance with compensation practices and manage salary budgeting. The candidate should have a minimum of three years' experience in Compensation and Benefits, specifically in annual budgeting and salary revisions. The role requires strong analytical skills to assess employee needs and conduct competitive salary benchmarking.

Qualifications

• Minimum 3 years of experience in Compensation and Benefits, especially managing budgeting and salary revisions.
• Proficient in HR metrics and data reporting.
• Experience in compliance with pay equity and local legislation.

Responsibilities

• Ensure compensation practices comply with legislation.
• Conduct organizational pulse surveys to evaluate employee motivation.
• Oversee the annual salary review and bonus processes.
• Analyze trends in benefits for competitive market proposals.
• Manage leave policies and maintain the HRIS system.

Skills

Compensation and Benefits experience

Data analysis

Budgeting process

Salary benchmarking

HR stats reporting

Job description

Salary Range: Up to $5.2K + AWS

Location: Tai Seng

Working hours: Mon to Fri 8.30am to 5.30pm.

Requirements

• Minimum 3 years of Compensation and Benefits experience, especially at handling the annual budgeting and salary revision exercise.

1. HR stats reporting – recruitment, turnover, budget vs actual staff costs, leaves analysis, etc etc.
2. Annual increment and bonus process
3. Budgeting process
4. Salary benchmarking proactively and reactively
5. Benefits benchmarking including yearly medical insurance negotiations
6. Reviewing of existing C&B and recommends enhancements.
7. C&B onboarding for new joiners
8. Running of staff surveys and focus group surveys on C&B related topics
9. Running of staff engagement activities surrounding wellness such as medical checks by the insurer, etc.

Job Description

• Ensure that compensation practices are in compliance with current legislation (internal pay equity, local legislations etc).
• Assess employees needs by conducting organisational pulse surveys to find out what motivates and engages employees.
• Use various methods and techniques and make data-based decisions on direct financial, indirect financial and nonfinancial compensations.
• Responsible for the end-to-end annual salary review and bonus process by working closely with all Business Line leaders to ensure salaries and bonuses proposed are within approved budget.
• Lead the annual manpower budget exercise jointly with Finance to ensure timely and in full submission of the budget.
• Analyse trends in benefits especially medical benefits and insurances for insights and market trends in developing a compelling and competitive proposal for annual insurances renewal and forward-looking benefits to attract, retain and motivate high quality employees.
• Benefits / Leave administrator: drafts and/or recommends revisions to company leave policies to ensure compliance with local laws and regulations. Manage and maintain the leave module in the HRIS system and full spectrum of benefit programs (for example, medical insurance, dental claim).
• Prepare job descriptions, job analysis, job evaluations and job classifications for internal and external salary benchmarking purposes.
• Participate in salary and labour market surveys to determine prevailing pay rates and benefits.
• Deploy effective communication strategies and success metrics.
• Conduct ongoing research into emerging trends, issues, and best practices.
• Conduct periodic audits and prepare ad-hoc data requests or reports as required (eg, employment trends such as salary expectations predictions for the new year)

Interested applicants may email resume to [e-mail]

Chooi Kelly (CEI Registration No: R25136207)

Recruit Express Pte Ltd (EA: 99C4599)