Main Role: We are seeking a Compensation and Benefits Lead. The ideal candidate will be responsible for overseeing and managing the company's compensation and benefits programs to ensure they are competitive, compliant, and aligned with organizational goals. This role involves strategic planning, program design, market analysis, and administration of compensation structures, employee benefits programs, and related services.
Key Activities:
- Collaborate with HR team to develop and implement regional compensation policies and programs.
- Monitor compensation and benefits trends, conduct job evaluations and market analysis to develop and maintain competitive salary structures, grading system and incentive schemes
- Manage attendance, leave applications, payroll, and salary payments timely and accurately. Maintain employee payroll procedures and records to ensure compliance with local labor laws and regulations.
- Manage probationary assessments, seasonal and annual performance appraisals, bonus and annual salary increments and adjustments.
- Manage employee-related insurances as per local laws and regulations to ensure the company's compliance operation. Handle insurance addition/deduction and proceed for employee’s annual insurance renewal.
- Prepare NSSF and tax declarations.
- Assist to prepare analysis and reports regarding labor costs, compensation and benefits budgets and implementation.
- Develop and track key performance indicators (KPIs) to assess the effectiveness of compensation and benefits programs.
- Provide detailed compensation reports to senior management, highlighting trends, challenges, and actionable insights related to compensation and benefits.
Qualifications:
- Bachelor's degree in business administration Emphasis in Human Resources Management.
- Minimum of 7-10 years of experience in compensation and benefits.
- Familiarity with compensation software tools and HRIS systems.
Technical knowledge, skills & abilities required:
- Excellent analytical, problem-solving, and decision-making skills.
- Advanced knowledge of Microsoft Office Suite, particularly Excel (pivot tables, v-lookups).
- Ability to manage multiple priorities and work in a fast-paced environment.
- High attention to detail and accuracy.
- Expert knowledge of compensation and benefits principles, practices, and trends.