Compensation and Benefits Manager

Job Description

Key Responsibilities

Planning & Monitoring Process:

• Participate in the salary & benefits surveys and provide analysis/benchmarking of the existing reward practices
• Participate to updating and adjusting internal reward practices (e.g. salary bands, promotions, pay changes, company car policies…) based on market practice/development, benchmark results and business needs
• Using the established tools and processes in determining the eligibility of employees to bonus dispensing by reviewing their performance with predetermined targets.
• Support the transition of HR strategy and policies into practical and effective compensation and benefit Solutions.
• Conduct salary, promotion and year-end reviews, providing analysis, planning, comp tool preparation and Communication.
• Ensuring compensation and benefits plans are cost-effective and competitive.
• Monitoring and researching compensation and benefits trends.

Operation Excellence Process:

• Implements specific projects regarding compensation and benefits in accordance with the set HR-policy to ensure that the organization’s compensation and benefits policy can be realized smoothly;
• Conduct the day-to-day operational management of the activities within compensation and benefits and, if required, in partnership with compensation and benefits partners to ensure that an efficient functioning of the compensation and benefits department can be guaranteed;
• Liaise in an impactful way with all stakeholders internally and externally to ensure offerings and performance are in line with business requirements;

Customer Satisfaction Process:

• Serves as an information resource regarding pay practices and policies; Provides advice to managers on routine compensation decisions for their employees, policy and guideline interpretation, and job evaluation.

Innovation Process:

• Keep abreast with new trend and best practice in the field.

Payroll Responsibilities:

• Develop systems to process payroll account transactions (e.g. salaries, benefits, deductions, taxes, and third-party payments).
• Coordinate timekeeping and payroll systems.
• Oversee processing of payroll changes (e.g. new hires, terminations, raises) and system upgrades.
• Ensure compliance with relevant laws and internal policies.
• Supervise and coach payroll clerks and assistants.
• Collaborate with Human Resources (HR) and accounting teams.
• Maintain accurate records and prepare reports.
• Resolve issues and answer payroll-related questions
• Prepare monthly payroll & issue payslips

Job Requirements

Job Requirements

• 5-7 Years of Experience in Compensation and Benefits
• BSc/BA in Business administration or relevant field
• Good knowledge of employment/labor laws
• Understanding of general human resources policies and procedures
• Compensation and Wage Structure