Manager/Sr Manager - Compensation & Benefits

Role & responsibilities

Compensation Strategy & Management:

• Design and implement compensation structures, salary benchmarking, and pay scales aligned with industry standards.
• Conduct annual salary reviews, market analysis, and compensation surveys to ensure competitive pay.
• Develop incentive programs, bonuses, and long-term rewards to enhance employee performance.
• Manage job evaluations and ensure internal pay equity and fairness.

Benefits Administration:

• Oversee employee benefits programs, including health insurance, retirement plans, wellness programs, and leave policies.
• Partner with vendors and brokers to optimize employee benefits offerings and negotiate competitive packages.
• Ensure timely renewals, cost control, and compliance with statutory requirements for benefits administration.

HR Analytics & Compliance:

• Analyze compensation data, create reports, and provide insights on trends affecting employee remuneration.
• Ensure compliance with labor laws, tax regulations, and company policies related to compensation & benefits.
• Lead audits and governance for payroll and benefits-related matters.

Stakeholder & Vendor Management:

• Collaborate with HR business partners, finance teams, and senior management for budgeting and payroll planning.
• Manage relationships with third-party benefits providers, insurance companies, and payroll vendors.

Employee Communication & Support:

• Develop and execute communication plans to educate employees on C&B policies, perks, and total rewards programs.
• Address employee queries related to salary, benefits, and compensation structure.