Compensation and Benefits Specialist

Job Description

• Evaluate job positions, determining classification, exempt or non-exempt status, and salary.
• Prepare occupational classifications, job descriptions, and salary scales.
• Administer employee insurance, pension, and savings plans, working with insurance brokers and plan carriers.
• Calculate the variable pay for employees (bonuses, incentives, stock option plans, etc.).
• Analyze different components of the remuneration scheme in the organization and prepare reports about internal equity and external competitiveness.
• Design and develop different schemes of variable remuneration (incentive schemes for the Sales functions, bonus schemes for the back office, and enabling functions).
• Design and maintain the methodology for the job creation and the job evaluation.
• Monitor reviews of compensation and Benefits packages to maintain market positioning.
• Analyze compensation and benefits trends, current programs, and legislation to assist the staffing chief with data for presenting recommendations.
• Assist staffing chief in preparing guidelines, structures, and communication materials for annual salary reviews.