Compensation and Benefits Specialist

Job Description

• Flawless execution of annual C&B processes.
• Support in the market's implementation of the annual processes (budget request, review of ABS, reference salary, STB, LTI).
• Assist in conducting a benchmarking study and designing competitive pay structures.
• Support with the coordination of job matching and salary submission with external survey providers in order to ensure a robust benchmarking process and reliable data.
• Research compensation and benefits policies and plans, and ensure compensation and benefits plans are cost-effective and competitive.
• Monitor and research compensation and benefits trends.
• Compare benefits and compensation plans, job classifications, and salaries through data and cost analyses.
• Keep abreast with new trends and best practices in the field.
• Determine position classifications.
• Prepare and update salary scales.
• Make recommendations to managers regarding job descriptions, salaries, and classifications.
• Prepare reports for the strategic KPIs and Statistics related to total compensation for the business to use in problem-solving and decision-making.
• Apply the job evaluation methodology of the group.
• Ensure full internal controls in the remuneration area.
• Support Market in Effectively tracking the costs of Total Rewards per employee.
• Upload and maintain an up-to-date employee database on ERP for compensation info types.
• Ensure that compensation practices are in compliance with current laws and regulations.
• Conduct periodic audits, and prepare and present reports.
• Assess employee's needs by conducting organizational surveys.
• Apply effective communication strategy.