Compensations & Benefits Specialist

Payroll

• Development and design of compensation packages and policies aligned with the organization's strategy
• Administer monthly employee’s Payroll and benefits
• Be responsible for payroll preparation/processing and tax reporting/records.
• Assessment of the employees' needs by means of different elevation methods and techniques
• Creation and improvement of salary, benefit and bonus systems
• Alignment of all compensation systems to general conditions on the labor market as well as on legal regulations
• Support of managers in their decisions about compensation packages and ways to motivate employees
• Preparation of regular audits and reports for information storage reasons
• Comply with all applicable national laws and in particular with those related to Employment, Insurance and Tax.
• Participate in salary and labor market surveys to determine prevailing pay rates and benefits. job requirements

HR Budgeting

• Prepare annual HR budget plans and update it on a quarterly basis.
• Provide regular budgeting analysis and report in collaboration with Finance.

Compensation

• Draft compensations plans (incentive system, annual raise, bonus system).
• Conduct regular reviews of all company incentive schemes, jobs salaries and brackets.
• Assess the organization’s pay structure and create a grading system.
• Compare benefits and compensation plans, job descriptions, and salaries through data and cost analyses.
• Develop internal best practices and continually improving the annual increase process.
• Develop the compensation package based on business goals and strategy and ensuring that compensation practices are following the labor law and regulations.

Benefits

• Collaborate with outside vendors, such as benefits vendors (e.g., medical insurance).
• Research and propose employees’ benefits.
• Administer the organization’s benefits programs (insurance policies, etc.).
• Develop and maintain salary range structures, establish cost-effective allowances, and establish market-based benefits.

HRIS

• Responsible for our HRIS,
• Insert and follow up employees’ data to ensure information is current and complete.
• Do regular audits to HRIS to ensure it is current and functioning at its fullest