Compensation and Benefit Specialist
2 weeks ago
Role
The compensation and Benefits Specialist's role is to oversee and administer the employee's perfect rewards and smart benefits. You will assess personnel needs and draft targeted programs that will increase performance, organisational trust and satisfaction. The goal is to attract, retain and motivate high-quality employees while reducing turnover and enhancing our client's profile as best place to work.
**Responsibilities**:
Define a fair, equitable and competitive total compensation and benefits package that fits and is aligned to our client's strategy and business goals
Develop a consistent compensation philosophy in line with work culture and organisational objectives
Ensure that compensation practices are in compliance with current legislation (pay equity, human rights, etc)
Use various methods and techniques and make data based decisions on direct financial, indirect financial and nonfinancial compensation
Assess employees needs by conducting organisational psychology surveys to find out what motivates and engages employees
Prepare job descriptions, job analysis, job evaluations and job classifications
Participate in salary and labour market surveys to determine prevailing pay rates and benefits
Differentiate pay systems to invest in the segments of workforce that contribute the most value
Deploy effective communication strategies and success metrics
Conduct ongoing research into emerging trends, issues and best practices
Conduct periodic audits and prepare reports
Qualifications and Education Requirements
Proven working experience as a Compensation and Benefits Specialist
Prior experience in HR practices and compensation cycle management
Working knowledge of job evaluation and job analysis systems
Previous experience with organisational psychology and labour market surveys
Adequate knowledge of current labour rules and regulations
Familiarity with various types of incentives and benefits
Extensive knowledge of HRIS and MS Office
Strong quantitative and analytical skills
BS degree in human resources, business administration or finance
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