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Job Description
- Assessing the organization's pay structure
- Researching compensation trends and reviewing compensation surveys
- Design, implement, and manage salary classification and compensation programs
- Conduct analysis of compensation and benefits within company.
- Oversee competitive analysis, merit increases and salary structure.
- Analyze surveys to ensure appropriate compensation across all departments.
- Forecast budget for salary increases
- Administer and manage employee insurance plans.
- Define a fair, equitable and competitive total compensation package that fits and is aligned to our company's strategy and business goals
- Develop a consistent compensation philosophy in line with work culture and organizational objectives
- Ensure that compensation practices are in compliance with current legislation
- Use various methods and techniques and make data based decisions on direct financial, indirect financial and non-financial compensations
- Participate in salary and labor market surveys to determine prevailing pay rates and benefits
- Differentiate pay systems to invest in the segments of workforce that contribute the most value
- Conduct ongoing research into emerging trends, issues and best practices
- Conduct periodic audits and prepare reports
Job Requirements
- Prior experience in HR practices and compensation cycle management
- Working knowledge of job evaluation and job analysis systems
- Previous experience with organizational psychology and labor market surveys
- Adequate knowledge of current labor rules and regulations
- Familiarity with various types of incentives and benefits
- Extensive knowledge of HRIS and MS Office
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