
Compensation and Benefits Manager
7 days ago
A compensation and benefits manager is responsible for developing, implementing, and administering the organisation's rewards and benefit policies. This includes salaries, bonuses, and employee benefits such as pensions, life assurance, profit-sharing, company cars, and medical insurance packages. They may also handle relocation and expatriate packages.
Key Responsibilities- Monitoring the organisation's salary structure and benefits to balance cost control with attracting and retaining staff.
- Researching and analysing salary rates and benefits offered by other employers in the sector.
- Undertaking job evaluations to ensure fair pay differences within the organisation.
- Recommending changes to pension and insurance schemes.
- Identifying causes of personnel problems and developing improvement recommendations.
- Developing and implementing competitive benefit packages compliant with legal requirements.
- Negotiating with union representatives on pay and benefits issues.
- Managing the payroll system.
Skills
- Motivating, developing, and directing staff effectively.
- Effective written and verbal communication skills.
- Active listening and understanding others' points of view.
- Logical reasoning and problem-solving abilities.
- Understanding system operations and environmental impacts.
- Awareness of others' reactions and motivations.
- Principles and procedures related to personnel recruitment, selection, training, compensation, benefits, and labour relations.
- Curriculum and training design, delivery, and evaluation methods.
- Reading and understanding written information.
- Listening and comprehending spoken information.
- Effective speaking and writing skills.
- Identifying potential issues and solutions.
- Administering and reviewing employee benefit programs.
- Analyzing compensation policies, regulations, and wage rates to develop competitive plans.
- Analyzing data to identify personnel issues and recommend improvements.
- Designing and updating benefits policies for compliance and competitiveness.
- Communicating benefits, compensation, and policies to employees.
- Formulating policies for recruitment, testing, placement, and labor relations.
- Developing tools for benefits selection and compensation decision-making.
Location: Information Technology and Services - Lahore, Pakistan
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