Benefits & Rewards Manager
Job Description
- The role is responsible for making contribution to the development and implementation of an integrated reward strategy which supports the operating of the company’s business priorities & objectives, by aligning to the best practices.
- He/She will be responsible for developing, implementing, and managing comprehensive benefits and rewards programs aimed at attracting, retaining, and motivating employees within the organization.
- The Benefits & Rewards Manager will work closely with various departments to ensure that the benefits and rewards strategies align with the company’s goals, culture, and budget.
Key Responsibilities
- Participate in market analysis and collate remuneration data for submission. coordinate all remuneration surveys, continuous update on Total Remuneration Statement (T RS) & other benefits.
- Support coordination of other reward related matters e.g., Overtime payment, annual merit increase, bonuses & incentives (ICA), long service award calculation and payment etc.
- Develop and implement benefits and rewards policies and procedures: Design, review, and update employee benefits packages, including health insurance, retirement plans, wellbeing programs, and other perks, ensuring they comply with legal requirements and meet the needs of diverse employee demographics.
- Conduct research and benchmarking: Stay updated on industry trends, best practices, and legislative changes related to employee benefits and rewards. Conduct regular benchmarking studies to evaluate the competitiveness of the company’s benefits offerings.
- Collaborate with stakeholders: Partner with other departments to develop and execute effective benefits and rewards strategies. Coordinate with external vendors, such as insurance providers and benefits consultants, to negotiate contracts and ensure cost-effective solutions.
- Communicate benefits information: Develop communication materials and conduct presentations to educate employees about available benefits and rewards programs. Provide guidance and support to employees regarding benefit inquiries, claims resolution, and other related matters.
- Analyze and optimize programs: Utilize data analytics to evaluate the effectiveness of benefits and rewards programs in meeting organizational objectives and employee needs. Identify areas for improvement and implement enhancements to optimize program outcomes.
- Ensure compliance: Stay abreast of Federal, State, and Local regulations governing employee benefits and rewards. Monitor compliance with reporting requirements, disclosure obligations, and regulatory filings.
- Manage compensation and rewards initiatives: Develop and implement strategies for performance-based compensation, recognition programs, bonuses, and incentives to motivate and engage employees.
- Collaborate with leadership to ensure alignment with overall talent management goals.
- Foster a culture of well-being: Promote employee initiatives that support work-life balance. Advocate for initiatives that enhance employee engagement, satisfaction, and overall well-being.
- Work with external survey consultants on remuneration survey consultants.
- Complete and submit complex salary surveys within established time frames and forecasts budget for salary increases.
- Perform continuous computation and update of Total Reward Statement (TRS) and other benefits statements and ensures they are communicated to the employees when due.
- Support in facilitating various benefits payment for both existing and disengaged employees.
- Reporting Line: The role reports to the Human Resources & Development Manager
Qualification
- Bachelor’s degree in Human Resources, Business Administration, or any other related field. Master’s degree or professional certifications is an added advantage.
- Minimum of 8 years proven experience in benefits administration, compensation management, or related HR roles.
- In-depth knowledge of employee benefits laws, regulations, and compliance requirements.
- Strong analytical skills with the ability to interpret data and make data-driven decisions.
SKILLS
- Problem-solvin and Decision-Makin skills
- Inter ersonal Skills Or anizational skills
- Strategic Thinker
Method of Application
Send your application to [email protected]
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