Compensation & Benefits Specialist

3 days ago


Singapore EVANTAGE HR PTE. LTD. Full time

Job Summary: The Compensation & Benefits Specialist is responsible for developing, implementing, and administering competitive and compliant compensation and benefits programs that align with the organization's strategic goals and attract, retain, and motivate high-quality employees. This role involves analyzing market data, ensuring legal compliance, and effectively communicating C&B policies to employees and management. Key Responsibilities: • Compensation Program Management: o Design, develop, and implement compensation structures, including salary grades, pay ranges, and incentive plans (e.g., bonuses, commissions). o Conduct job evaluations and classifications to ensure internal equity and external competitiveness. o Participate in salary surveys and conduct market research to analyze compensation trends and benchmarks. o Manage the annual salary review process, including budgeting, analysis, and communication. o Support the development and administration of performance-based pay programs. • Benefits Program Administration: o Administer and manage various employee benefits programs, such as health insurance, retirement plan, life insurance, disability benefits, and paid time off. o Evaluate existing benefits offerings, analyze their effectiveness and cost-efficiency, and recommend enhancements. o Liaise with external benefits providers, brokers, and consultants. o Assist employees with benefits enrollment, inquiries, and claims resolution. • Policy Development & Compliance: o Develop, review, and update compensation and benefits policies and procedures to ensure alignment with organizational objectives and legal requirements. o Ensure compliance with all relevant labor laws, regulations, and industry standards. o Conduct regular audits of compensation and benefits data and processes to ensure accuracy and compliance. • Data Analysis & Reporting: o Analyze compensation and benefits data to identify trends, measure program effectiveness, and provide insights to management. o Prepare and present reports on compensation and benefits metrics, including costs, participation rates, and market competitiveness. o Utilize HRIS and other compensation software for data management and reporting. • Stakeholder Communication & Support: o Communicate complex compensation and benefits information clearly and effectively to employees at all levels. o Provide guidance and support to HR Business Partners, managers, and employees on compensation and benefits-related matters. o Collaborate with other HR functions (e.g., talent acquisition, HRIS) and finance to ensure seamless integration of C&B initiatives. • Continuous Improvement: o Stay abreast of emerging trends, best practices, and legislative changes in compensation and benefits. Identify areas for improvement in C&B processes and programs and implement solutions.



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