Compensation and Benefits Specialist Job Description

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Compensation and Benefits Specialist

Compensation and Benefits Specialist responsibilities

  • Defining a fair, equitable and competitive total compensation and benefits package
  • Developing a consistent compensation philosophy
  • Ensuring that compensation practices are in compliance with current legislation

Compensation and Benefits Specialist Job Description Template

Job Brief

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, organisational trust and satisfaction.

The goal is to attract, retain and motivate high quality employees while reducing turnover and enhancing our company’s profile as best place to work.

Responsibilities

  • Define a fair, equitable and competitive total compensation and benefits package that fits and is aligned to our company’s strategy and business goals
  • Develop a consistent compensation philosophy in line with work culture and organisational objectives
  • Ensure that compensation practices are in compliance with current legislation (pay equity, human rights, etc)
  • Use various methods and techniques and make data based decisions on direct financial, indirect financial and nonfinancial compensations
  • Assess employees needs by conducting organisational psychology surveys to find out what motivates and engages employees
  • Prepare job descriptions, job analysis, job evaluations and job classifications
  • Participate in salary and labour market surveys to determine prevailing pay rates and benefits
  • Differentiate pay systems to invest in the segments of workforce that contribute the most value
  • Deploy effective communication strategies and success metrics
  • Conduct ongoing research into emerging trends, issues and best practices
  • Conduct periodic audits and prepare reports

Requirements

  • 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 organisational psychology and labour market surveys
  • Adequate knowledge of current labour rules and regulations
  • Familiarity with various 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

Compensation and Benefits Specialist Job Description Examples

Benefits Specialist • TricorBraun

Make our HR team your best move ever

We're looking for a Benefits Specialist to support our HR team, responsible for supporting the areas of the Global Benefits Program partnering with payroll, compensation, and compliance...

Why here?

TricorBraun is a global packaging leader, with team members working throughout the Americas, Europe, Asia, Australia and New Zealand. As North America's large...

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Compensation and Benefits Specialist • Sholom

SUMMARY

The Compensation and Benefits Specialist is responsible to the day-to-day administration and analyzing of the compensation, benefits, performance appraisal, and other rewards programs. Responsible for assisting with the planning, development and implementation of new and enhanced compensation, benefits and other rewards programs...

PRIMARY RESPONSIBILITIES• Responsible for the admini...

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Compensation and Benefits Specialist - Senior • SonicJobs

Venturis, LLC is seeking to fill the Compensation and Benefits Specialist Senior position.• Position: Compensation and Benefits Specialist Senior• Location: Remote...

Roles&Responsibilities:• Support DHS compensation and benefits programs and job analysis for in-demand talents such as cybersecurity and digital talent.• May specialize in specific areas, such as position classification and p...

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Compensation and Benefits Specialist | Legal | Hybrid • Michael Page

About Our Client

A premier litigation law firm, this practice specializes in cases that include arbitration, complex investigations, commercial litigation, and defense counsel. Comprised of legal talent of the highest caliber, this firm has successfully recovered billions of dollars of lost revenue and taken on industry giants. The collective experiences of all it's professional staff correlat...

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