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Remuneration and Benefits Strategist

2 weeks ago

Lahore, Punjab, Pakistan Zag Outsourcing Full time
Compensation and Benefits Manager

A Compensation and Benefits Manager plays a pivotal role in developing, implementing, and administering the organization's rewards and benefit policies. This encompasses salaries, bonuses, and employee benefits such as pensions, life assurance, profit-sharing, company cars, and medical insurance packages.

The role involves monitoring the organization's salary structure and benefits provision to ensure a balance between cost control and attracting and retaining staff. Key responsibilities include:

  1. Conducting thorough market research to analyze salary rates and benefits offered by other employers in the same sector;
  2. Evaluating job roles to ensure fair pay differences within the organization;
  3. Making recommendations on changes to pension and insurance schemes to optimize employee satisfaction and retention;
  4. Identifying and addressing personnel problems through data-driven insights and recommendations for improvement;
  5. Designing and implementing new benefit packages that are current, competitive, and compliant with legal requirements;
  6. Negotiating with union representatives on pay and benefits issues to maintain positive labor relations;
  7. Overseeing the payroll system to ensure accurate and timely payments.