Full Job Description
Role: Compensation and Benefits Specialist

Experience Range: 4-5 yrs.

Qualification: Bachelor’s/ Master’s in Human Resources Management, or a related discipline.

Interview Process: Applicant questionnaire > Face to Face Rounds > HR Round

Who should join?: We are looking for a Compensation and Benefits Specialist to oversee and administer the employees’ perfect rewards and smart benefits. You will assess personnel needs and draft targeted programs that will increase performance, organizational trust, and satisfaction.

Key Deliverables:
Prepares the compensation and benefits budget, including the regular monitoring, reporting, and adjusting of the budget
Coordinates C&B processes like salary planning, bonus planning, new benefits introduction, etc.
Designs and develops compensation policies
Analyses different components of the remuneration scheme in the organization and prepares reports about internal equity and external competitiveness
Designs and develops different schemes for variable remuneration (incentive schemes for the Sales functions, bonus schemes for the Back Office, and Enabling functions)
Closely cooperates and manages the relationship with the external compensation consulting company
Leads and manages compensation projects for the entire organization
Participates as a team member in strategic projects and initiatives
Design policies to close gaps in the compensation of employees (introducing internal equity at affordable costs)
Trains line managers in the complex usage of different HR and Compensation policies
Advice top managers in taking complex decisions in the area of compensation, benefits, and motivation of employees
Manages, leads, and develops C&B Analysts
Represent the organization at different HR conferences
Key Competencies:
Proven working experience as a compensation and benefits specialist
Prior experience in HR practices and compensation cycle management
Working knowledge of job evaluation and job analysis systems
Previous experience with organizational psychology and labour market surveys
Adequate knowledge of current labour rules and regulations
Familiarity with several types of incentives and benefits
Extensive knowledge of HRIS and MS Office
Strong quantitative and analytical skills
BS degree in human resources, business administration, or finance