Compensation Benefits Manager

Job Purpose: Designing, implementing, and managing an organization's compensation, benefits, and rewards programs to attract, retain, and motivate employees while ensuring legal compliance and cost effectiveness.Job responsibilities:Develop and implement compensation and benefits strategies aligned with the organization's business objectivesDesign and manage salary structures, pay grades, incentive plans, and bonus programsConduct market salary surveys and benchmarking to ensure competitive compensationReview and recommend salary adjustments, promotions, and annual merit increasesAdminister employee benefits programs, including health insurance, retirement plans, leave policies, wellness initiatives, and other employee perksEvaluate the effectiveness and cost efficiency of compensation and benefits programsManage the annual compensation review and performance-based reward processesAnalyze compensation and benefits data, prepare reports, and provide recommendations to senior managementCollaborate with HR, Finance, and department managers on workforce planning and budgetingOversee job evaluation, job grading, and position classification processesDevelop and maintain compensation policies, procedures, and guidelinesManage relationships with external vendors, insurance providers, and benefits consultantsMonitor industry trends and recommend improvements to total rewards programsParticipate in organizational restructuring, mergers, acquisitions, and workforce optimization initiatives from a compensation perspectivePrepare budgets and forecasts related to employee compensation and benefits costsLead and mentor compensation and benefits team members where applicable.QualificationsBachelor's degree in Human Resources, Business Administration, Finance, or a related field.7–10 years of HR experience, with several years specializing in compensation and benefitsProfessional certifications (such as CCP, GRP, SHRM-CP/SHRM-SCP, or CIPD) are often preferred.Experience with compensation benchmarking and job evaluation methodologies