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Responsible for developing and implementing compensation programs within Human Resources department.
Job Responsibility:
Preparing all payroll variables considering tax, insurance and health care calculations for the new hires and current employees
Ensures compliance with local wage and employment laws, including pay and benefits review and recommendations
Provide guidance and support to HR team members and managers regarding compensation and benefits-related matters
Prepares the compensation and benefits reports, including the regular monitoring, reporting
Responding to payroll-related inquiries and resolving concerns
Handles bank requirements regarding new account openings and visa cards issuance
Implements and develops compensation policies
Preparing periodic payroll reports for review by management
Design and implement comprehensive compensation and benefits programs, ensuring they are competitive, cost-effective, and aligned with industry standards and company objectives
Conduct job evaluations and market analysis to determine appropriate salary ranges and benefits packages for various positions within the organization
Develop and manage the annual salary review process, including coordinating with managers to ensure accurate and timely completion of salary adjustments
Manage the administration of employee benefits programs, including health insurance, retirement plans, and other voluntary benefits
Stay updated on relevant legislation, regulations, and trends related to compensation and benefits, and ensure compliance with all legal requirements
Conduct regular audits and analyses of compensation and benefits programs to assess their effectiveness and make recommendations for improvements
Collaborate with cross-functional teams, including HR, finance, and legal, to ensure effective communication and coordination of compensation and benefits initiatives