The Manager, Compensation and Benefits is responsible for leading the Compensation and Benefits (C&B) team in managing HR functions, including payroll, governance reporting, group health insurance, and Human Resources Management System (HRMS). This role involves analyzing market trends, benchmarking best practices, refining HR systems, and proposing new initiatives to enhance the company's ability to attract, reward, and retain talent.
Responsibilities:
Compensation & Benefits Strategy
- Design and implement competitive C&B strategies aligned with market benchmarks and organizational goals.
- Develop and review job grading structures to ensure consistency and alignment with company objectives.
- Conduct C&B benchmarking exercises and analyze industry trends to maintain a competitive edge.
- Ensure benefits practices comply with regulatory requirements and are competitive within the industry.
Payroll & HRMS Management
- Oversee the accuracy and compliance of payroll processes through regular audits and process improvements.
- Manage the implementation and continuous improvement of HRMS, including vendor evaluations and system deployments.
- Provide compliance guidance to management, ensuring adherence to the latest employment laws and policies.
Policy Development & Compliance
- Review and update the Employee Handbook periodically to reflect current policies, procedures, and compliance standards.
- Ensure all C&B practices comply with employment regulations and statutory requirements.
- Develop and refine policies related to performance management, salary structures, and incentive programs.
Performance & Employee Satisfaction
- Lead performance review exercises, aligning employee evaluations with KPIs to drive consistent organizational performance.
- Conduct employee satisfaction research using surveys and quantitative data analysis to improve engagement and retention.
Audit, Reporting & Decision Support
- Deliver timely and accurate HR reports to support executive decision-making.
- Track, analyze, and report key C&B metrics to improve HR strategies and enhance employee satisfaction.
- Conduct periodic audits to ensure compliance with payroll, benefits, and regulatory standards.
Leadership & Team Management
- Lead, mentor, and develop the C&B team to ensure operational excellence.
- Collaborate with cross-functional teams to implement HR initiatives that support business objectives.
- Drive continuous improvement initiatives to enhance efficiency and streamline HR processes.
Requirements:
- Bachelor’s Degree in HR Management, Business Administration, or a related field.
- 7 to 10 years of HR experience with strong C&B skills expertise in a sizable organization.
- Hands-on experience with HRMS or payroll software is a must.
- Expertise in designing compensation packages and bonus programs for different organizational levels.
- Strong knowledge of employment laws and HR policies.
- Excellent analytical thinking and numerical skills.
- High attention to details and a commitment to data accuracy.
- Strong leadership skills with the ability to drive continuous improvement.