Role: Compensation and Benefits Specialist
Experience Range: 4-5 yrs.
Qualification: Bachelor’s/ Master’s in Human Resources Management, or a related discipline.
Interview Process: Applicant questionnaire > Face to Face Rounds > HR Round
Who should join?: We are looking for a Compensation and Benefits Specialist to oversee and administer the employees’ perfect rewards and smart benefits. You will assess personnel needs and draft targeted programs that will increase performance, organizational trust, and satisfaction.
Key Deliverables:
- Prepares the compensation and benefits budget, including the regular monitoring, reporting, and adjusting of the budget
- Coordinates C&B processes like salary planning, bonus planning, new benefits introduction, etc.
- Designs and develops compensation policies
- Analyses different components of the remuneration scheme in the organization and prepares reports about internal equity and external competitiveness
- Designs and develops different schemes for variable remuneration (incentive schemes for the Sales functions, bonus schemes for the Back Office, and Enabling functions)
- Closely cooperates and manages the relationship with the external compensation consulting company
- Leads and manages compensation projects for the entire organization
- Participates as a team member in strategic projects and initiatives
- Design policies to close gaps in the compensation of employees (introducing internal equity at affordable costs)
- Trains line managers in the complex usage of different HR and Compensation policies
- Advice top managers in taking complex decisions in the area of compensation, benefits, and motivation of employees
- Manages, leads, and develops C&B Analysts
- Represent the organization at different HR conferences
Key Competencies:
- Proven working experience as a compensation and benefits specialist
- Prior experience in HR practices and compensation cycle management
- Working knowledge of job evaluation and job analysis systems
- Previous experience with organizational psychology and labour market surveys
- Adequate knowledge of current labour rules and regulations
- Familiarity with several types of incentives and benefits
- Extensive knowledge of HRIS and MS Office
- Strong quantitative and analytical skills
- BS degree in human resources, business administration, or finance
