Senior Manager, Compensation & Benefits

Job Description

Compensation Strategy Development:

• Develop and implement compensation programs that support the company's goals and objectives.
• Conduct market research and benchmarking studies to ensure competitive pay structures.
• Manage entire annual compensation review processes from the preparation to submission of recommendations to senior management and the region.

Benefits Administration

• Oversee the design and administration of employee benefits programs, including health, wellness, retirement, and other perks.
• Evaluate benefits offerings for competitiveness and compliance.
• Collaborate with external vendors and partners to manage benefit programs effectively.
• Manage all employee communication on the benefit programs.

Compliance And Reporting

• Ensure that all compensation and benefits programs comply with relevant regulations.
• Prepare and analyze reports on compensation trends, benefits utilization, and employee engagement.
• Stay updated with legislation affecting compensation and benefits.

Data Analysis And Insights

• Work closely with HR operations team to ensure the compensation information is accurate and up to date in MyHR.
• Utilize HR analytics tools to assess effectiveness and equity of compensation and benefits offerings.
• Provide data-driven insights to leadership to support strategic decisions.
• Monitor and analyze compensation and benefits data to identify trends, risks, and opportunities.

Team Leadership And Development

• Implement training programs for HR team members on compensation and benefits policies.
• Serve as a point of contact for employee inquiries related to compensation and benefits.

Cross-Functional Collaboration

• Navigate complex matrix organization.
• Collaborate with Talent Acquisition and HR Business Partners to attract and retain key talents.
• Partner with finance to support budgeting and forecasting related to compensation costs.
• Work closely with regional team to align with global / regional compensation and benefit strategies and key priorities.

Qualifications

• Bachelor's degree in Human Resources, Business Administration, or a related field; Master's degree or relevant certifications (e.g., CCP, PHR, SPHR) is preferred.
• 10+ years of experience in compensation and benefits management, with a strong emphasis on people operations.
• Proven leadership experience with the ability to influence and engage at all levels of the organization.
• Strong analytical skills and proficiency in compensation tools and software.
• In-depth knowledge of compensation practices, labor laws, and regulations.
• Excellent communication and interpersonal skills, with the ability to present complex information clearly to various stakeholders.
• Strong project management skills with the ability to prioritize and manage multiple projects simultaneously.