Key Responsibilities:
- Develop and administer competitive salary structures and incentive programs.
- Conduct regular benchmarking and analysis to ensure our compensation packages remain competitive in the industry.
- Collaborate with finance and senior management to budget for and allocate compensation expenses.
Benefits Administration:
- Oversee the administration of employee benefits programs, including health insurance, retirement plans, and wellness initiatives.
- Evaluate and recommend changes to benefits offerings to meet the needs of employees and the organization.
- Ensure compliance with regulatory requirements related to benefits administration.
Policy Development and Compliance:
- Develop, implement, and communicate compensation and benefits policies and procedures.
- Stay updated on relevant laws and regulations affecting compensation and benefits practices.
- Ensure all compensation and benefits programs comply with legal requirements and are consistent with organizational values.
Data Analysis and Reporting:
- Utilize data analytics to evaluate the effectiveness of compensation and benefits programs.
- Prepare reports and presentations on compensation trends, cost analysis, and program utilization for senior management.
Employee Communication and Support:
- Communicate with employees regarding their compensation and benefits packages.
- Provide guidance and support to employees on compensation and benefits-related inquiries and issues.
- Conduct educational sessions or workshops to enhance employee understanding of compensation and benefits programs.
Qualifications:
- Bachelor's degree in Human Resources, Business Administration, Finance, or a related field. (Master's degree preferred)
- Proven experience (+10 years) in compensation and benefits management or a related HR function.
- In-depth knowledge of compensation and benefits practices, including experience with salary benchmarking and benefits administration.
- Strong analytical skills with the ability to interpret data and make recommendations.
- Excellent communication and interpersonal skills, with the ability to interact effectively with employees at all levels.
- Certified HRCI, Compensation Professional (CCP) or Certified Employee Benefits Specialist (CEBS) designation is a plus.
