Compensation and Benefits Specialist
What do Compensation and Benefits Specialist do?
Compensation and Benefits are also known as Remuneration Specialists. They are generally responsible for overseeing employee compensation and benefits, compensation databases, job descriptions, benchmark compensation as well as annual performance reviews.
Requirements
- Previous working experience as a compensation and benefits specialist for (x) years
- Prior experience in HR operations and knowledge of best practices
- Good understanding of full cycle hiring process
- Familiarity with current employment rules and regulations
- Hands on experience with HR software (HRIS)
- Hands on experience with quantitative and qualitative research
- Strong interpersonal and communication skills
- BA in human resources, business administration or similar relevant field
Duties and Responsibilities
- Design a compensation package based on business goals and strategy
- Create a consistent compensation guideline that matches our work and organizational culture
- Create and analyze job descriptions evaluations and classifications
- Conduct salary and labor market research to define benchmarks
- Apply effective communication strategies
- Assess employees needs by conducting organizational surveys
- Keep abreast with new trend and best practice in the filed
- Ensure that compensation practices are in compliance with current laws and regulations
- Conduct periodic audits, prepare and present reports