Compensation and Benefits Specialist
3 weeks ago
Embark Pace is seeking a highly skilled Compensation and Benefits Specialist to join our team. This role will be responsible for developing and implementing compensation strategies that align with the company's goals and comply with local labor laws and regulations.
Key Responsibilities- Compensation Management:
- Design, implement, and maintain compensation programs, including salary structures, incentives, and bonus plans.
- Conduct regular salary reviews to ensure internal and external equity.
- Manage annual compensation cycles, including merit reviews and variable pay planning.
- Benefits Administration:
- Evaluate and enhance employee benefits offerings to improve engagement and retention.
- Oversee benefit programs such as insurance, retirement plans, and wellness initiatives.
- Partner with vendors to ensure the smooth delivery of employee benefits.
- Benchmarking and Analysis:
- Conduct compensation benchmarking studies to align salary structures with market trends.
- Prepare reports and recommendations based on market analysis to inform leadership decisions.
- Monitor industry trends and regulatory changes to ensure compliance and competitiveness.
- Compliance and Reporting:
- Ensure all compensation and benefits programs comply with local labor laws and regulations.
- Prepare regular dashboards and analytics on compensation trends and employee costs.
- Support audits and ensure adherence to company policies and statutory requirements.
- Stakeholder Collaboration:
- Work closely with HR Business Partners and Leadership to address workforce planning and reward strategies.
- Provide training and communication on compensation and benefits policies to managers and employees.
- A bachelor's degree in Human Resources, Business, or a related field.
- Minimum 5 years of experience in compensation and benefits management.
- Proven track record of designing and implementing effective compensation strategies.
- Excellent analytical, communication, and interpersonal skills.
The estimated salary for this role is $120,000 - $150,000 per year, depending on experience.
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