Compensation & Benefits Specialist

1 day 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**:

- Design, develop, and implement compensation structures, including salary grades, pay ranges, and incentive plans (e.g., bonuses, commissions).
- Conduct job evaluations and classifications to ensure internal equity and external competitiveness.
- Participate in salary surveys and conduct market research to analyze compensation trends and benchmarks.
- Manage the annual salary review process, including budgeting, analysis, and communication.
- Support the development and administration of performance-based pay programs.
- **Benefits Program Administration**:

- Administer and manage various employee benefits programs, such as health insurance, retirement plan, life insurance, disability benefits, and paid time off.
- Evaluate existing benefits offerings, analyze their effectiveness and cost-efficiency, and recommend enhancements.
- Liaise with external benefits providers, brokers, and consultants.
- Assist employees with benefits enrollment, inquiries, and claims resolution.
- **Policy Development & Compliance**:

- Develop, review, and update compensation and benefits policies and procedures to ensure alignment with organizational objectives and legal requirements.
- Ensure compliance with all relevant labor laws, regulations, and industry standards.
- Conduct regular audits of compensation and benefits data and processes to ensure accuracy and compliance.
- **Data Analysis & Reporting**:

- Analyze compensation and benefits data to identify trends, measure program effectiveness, and provide insights to management.
- Prepare and present reports on compensation and benefits metrics, including costs, participation rates, and market competitiveness.
- Utilize HRIS and other compensation software for data management and reporting.
- **Stakeholder Communication & Support**:

- Communicate complex compensation and benefits information clearly and effectively to employees at all levels.
- Provide guidance and support to HR Business Partners, managers, and employees on compensation and benefits-related matters.
- Collaborate with other HR functions (e.g., talent acquisition, HRIS) and finance to ensure seamless integration of C&B initiatives.
- **Continuous Improvement**:

- 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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