Compensation and Benefit Specialist at The Concept Group

Job Summary

• The Compensation and Benefits Specialist also known as the Remuneration Specialist, will generally be responsible for overseeing employee compensation and benefits, compensation databases, job descriptions, benchmark compensation as well as annual performance reviews.
• You will be developing programs that improve the performance, engagement and satisfaction of our employees.

Duties & Responsibilities

• Create consistent compensation guideline that matches our work and organizational culture
• Create and analyze job descriptions evaluations and classifications
• 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/packages based on business goals and strategy
• Analyses different components of the remuneration scheme in the organization and prepares reports about internal equity and external competitiveness
• Designs and develops different schemes of variable remuneration (incentive schemes for the Sales functions, bonus schemes for the Back Office and Enabling functions)
• Conduct salary and labour market research to define benchmarks
• 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 the internal equity at affordable costs)
• Train line managers in the complex usage of different HR and Compensation policies
• Advice top managers in making difficult decisions in the area of compensation, benefits and motivation of employees
• Conduct periodic audits, prepare and presents reports.