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Compensation Strategy Developer
2 weeks ago
Job Overview:
- Maintain a comprehensive understanding of compensation trends and best practices to ensure the organization remains competitive.
- Develop and Implement Compensation Strategies:
- Create salary structures, incentive plans, and bonus programs that align with business objectives.
- Analyze market data to determine competitive salary ranges and make recommendations for internal equity.
- Assess the effectiveness of existing compensation policies and procedures.
- Investigate shortfalls in salary and allowances, providing control information and proposing revisions as necessary.
- Design, implement, and administer employee benefit programs, such as retirement plans, wellness programs, and voluntary benefits.
- Collaborate with external vendors and brokers to evaluate and negotiate benefit plan options and cost structures.
- Stay up-to-date with local laws governing compensation and benefits.
- Ensure compliance with applicable laws and regulations.
Work Experience:
- A minimum of 7-10 years of experience in the field of Human Resources with emphasis on salary management, Payroll Control, and Employee Compensation.
Educational Qualification:
- Bachelor's degree or equivalent in business, human resources, or related field.