Compensation & Benefits Job Description

Compensation & Benefits Job Description

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Compensation & benefits provides support for due diligence and assist with integration for M&A activity as it relates to compensation.

Compensation & Benefits Duties & Responsibilities

To write an effective compensation & benefits job description, begin by listing detailed duties, responsibilities and expectations. We have included compensation & benefits job description templates that you can modify and use.

Sample responsibilities for this position include:

Co-ordinate and ensure all compensation, benefits and payroll related activities are processed correctly and timely
You support the Head of Group Compensation & Benefits on projects
Act as liaison between employees and insurance company for all Workers’ Compensation claims
Assists Equity Administration Manager in representing Stock Administration on special projects related to executive compensation and equity
Provide support in the review and analysis of executive compensation competitiveness programs
Coordinate and administer activities of Merit Increases, Annual Incentive Plan, Flexible Benefits, and VHI
Partner with Functional Leaders and Talent Acquisition to prepare and design compensation proposals for external candidates and internal moves/promotions
Implement and administer employee benefits programs
Lead project manager on Benefits-related HR projects
Manage division specific C&B programs with the objective of attracting, rewarding, recognizing and retaining talent vital to company's success (retention, recognition, restructurings, divestments or integration)

Compensation & Benefits Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Compensation & Benefits

List any licenses or certifications required by the position: CCP, CEBS, PHR, CPA, CBP, SHRM, HR, SPHR, CP, GRP

Education for Compensation & Benefits

Typically a job would require a certain level of education.

Employers hiring for the compensation & benefits job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Human Resources, Business, Finance, Business/Administration, Education, Economics, Accounting, Management, MBA, Human Resources Management

Skills for Compensation & Benefits

Desired skills for compensation & benefits include:

Excel
Microsoft Office
M&A Compensation & Benefits due diligence
COBRA
Compensation
FMLA
Benefits
ERISA
Workday
HRIS

Desired experience for compensation & benefits includes:

Understand and respond to multiple urgent requests
Bring strategic and tactical direction to Direct reports of Div HR Head around C&B aspects, including education and compliance
Provide division-specific guidance to NBS on C&B program delivery for specified area
Educate NBS on divisional C&B aspects and trends for specified area, to address divisional business needs and priorities
Participate to global, group XD and divisional C&B projects and initiatives, such as plan closure, mergers, restructuring, integration, retention plans
Monitor Select ROW slot allocation across the businesses

Compensation & Benefits Examples

1

Compensation & Benefits Job Description

Job Description Example
Our company is looking to fill the role of compensation & benefits. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compensation & benefits
  • Lead on coordination and delivery of regular compensation processes, including the Annual Staff Salary Review, Annual Staff and Manager Bonus Review, Graduate/Trainee Review processes through use of the relevant online compensation tools for the CPAM Operating Unit
  • Annual compensation review process (merit and short-term incentives) and compensation statements
  • Use various methods and techniques in order to take data based decisions on the different types of compensations (financial and nonfinancial benefits)
  • Administer business unit benefits and ensure right support and service is provided to employees, incl
  • Work with HR on compensation needs (annual rewards processes, restructures, grading projects, classifications)
  • Implement and execute global compensation programs (GSMS, Bonus, LTIP, Salary) and annual processes
  • US Health Benefits deployments for mid-size organizations
  • Fielding Employee questions on Benefits
  • Interfacing with Benefits Vendors
  • Quarterly licensing compensation review meetings
Qualifications for compensation & benefits
  • Bachelor’s degree in HR, Business, Finance or a related field (or equivalent experience)
  • CEBS a strong plus
  • Financial services industry experience highly desired, or other comparable industry
  • Demonstrated excellence in benefits vendor management, project management, problem analysis and resolution collaboration and leadership
  • Demonstrated competency with end-to-end annual benefits program management
  • In depth knowledge of Benefits regulatory requirements and filings
2

Compensation & Benefits Job Description

Job Description Example
Our company is growing rapidly and is looking for a compensation & benefits. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for compensation & benefits
  • Lead the annual compensation planning cycles, providing expert counsel on the design, development and administration of compensation programs, salary structures, promotion and short term and long term incentives
  • Research best practices and trends and perform analysis on effectiveness and competitiveness of existing compensation and benefits programs and present findings and creative solutions to management
  • Special compensation programs or incentive systems for all employees or for specific groups to support the organization's objectives
  • Ensure compliance with all applicable federal, state, and corporate rules, regulations and policies governing compensation and benefit programs
  • Working with recruiters and business partners to review compensation of external candidates
  • Providing recommendations on new hire compensation packages
  • Partnering closely with colleagues in the Finance and Operations group on year-end compensation process
  • Conceptualizing benefits strategy
  • Partner with other internal functions (finance, legal, ) to plan and implement compensation and benefit program
  • Ensures continuous high quality, accuracy and efficiency of reporting to external authorities, consultants internal departments where necessary
Qualifications for compensation & benefits
  • Strong familiarity with Total Rewards, prior experience managing Total Rewards activities a plus
  • Successful experience in managing benefits activities in a large, public company preferred
  • Expert level proficiency with the MS Office Suite including Excel
  • Must interact well with all levels (including senior management) across the organization
  • Will frequently partner with all departments within Human Capital, strong partnership with Finance organization and all business units
  • Must be extremely organized, self-motivated and capable of thriving in a rapidly changing environment while managing constantly shifting priorities
3

Compensation & Benefits Job Description

Job Description Example
Our company is hiring for a compensation & benefits. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for compensation & benefits
  • Manage the annual Salary Planning process
  • Manage the monthly commission process, calculating and consolidating commissions for accurate and timely payment of commissions
  • Prepare monthly and annual accurate reporting and analyze Staff costs/Salary mass and HC vs last Year and Budget
  • Prepare and manage reports
  • Manage and complete all aspects of annual reporting
  • Partner with payroll administrators to process payroll for US, Panama, and Canada populations
  • Manage employee onboarding process
  • Maintain total satisfactory Business Control posture and retain auditable documentation to show compliance with program rules
  • Manage the Europe GBS C&B team, ensuring performance management objectives are in place, career development and planning takes place and there is a positive, creative team environment
  • Follow Centre of Expertise (CoE) guidelines regarding how updating of policies, procedures and other key benefit information will be kept up to date
Qualifications for compensation & benefits
  • Superior communication, organizational, leadership, presentation and interpersonal skills
  • Ability to manage multiple projects, budgets, priorities and deadlines concurrently
  • Strong math, problem solving, analytical and critical thinking skills
  • HR system experience desirable, with SAP & ADP experience preferable
  • Oriented to details, data and accuracy are critical
  • Excellent collaboration, interpersonal and communication skills (written and verbal) with ability to build productive relationships with all levels of co-workers and external contacts, working effectively through email/tele-conferencing
4

Compensation & Benefits Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of compensation & benefits. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for compensation & benefits
  • Appropriate advice and support is provided to HR on individual compensation solutions (net to net simulation tool, compensation & costing options…) maintaining the right balance between tax effectiveness, legal compliance, internal consistency, attraction and retention purposes
  • Reviews requests for new or revised job profiles and administers Workday
  • May prepare special studies and recommendations on subjects such as incentive compensation, bonus plans
  • Support HR and Business Managers to ensure a consistent approach is applied to interim salary reviews and in line with the correct delegation of authority
  • Use of salary survey results in benchmarking against the salary grade structure for the business ensuring alignment with the Reward Strategy for the Operating Unit
  • Working with the HR Leadership team for CPAM and actively participate in and contribute to specific HR Management activity, projects and strategy
  • Manage / oversee tracking and audit process for TDDA and relocation policy ensuring HMRC compliance and year end reporting
  • Develop and maintain in-depth knowledge and understanding of the Company Delegation of Authority (DoA) matrix and provide advice and support to HR and the Business to ensure adherence to policy and appropriate approval levels
  • Overseeing plan design and renewal processes
  • Managing and maximizing vendor and consultant relationships
Qualifications for compensation & benefits
  • Solid organization skills with the ability to multi-task and work in a team environment
  • Degree educated, studying or have gained the Diploma in International Employee Benefits, or alternatively CIPD qualified or other recognized professional qualification
  • Responsibility for salary benchmarking and surveys per market or oversight of same
  • Participate in remuneration networks representing the company Towers Watson and other relevant forums
  • Manage and implement related Compliance, Regulatory and Legislative requirements to include BCP, BIA, RCA's and Risk Registers
  • Strong Communication Skills with ability to build sustainable relationships across all areas of the business
5

Compensation & Benefits Job Description

Job Description Example
Our innovative and growing company is hiring for a compensation & benefits. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compensation & benefits
  • Proactively identify opportunities for change/improvement within the compensation and benefits programs that address changing market conditions, address gaps or increase quality of life for employees
  • Supports Compensation & Benefits implementations and changes
  • Design and manage a comprehensive compensation program that will drive performance, attract and retain employees
  • Provides input to benefits communications, including system-generated letters, presentations, SPDs, Annual Enrollment materials
  • Manage Bausch + Lomb retiree benefits administration
  • Support Annual Compensation cycle, , system readiness, reporting data cuts and aggregation
  • Develops pay systems that are industry competitive and enable management to focus on and reward individual and group performance
  • Evaluate our current job structures and families and recommend appropriate career ladders for functional areas across the organization
  • Educate our managers and employees on our total rewards practices, philosophy and market approach
  • Recommend metrics to determine funding, equity, vehicles (mix of options, restricted shares) and methods to distribute bonus, and equity to employees
Qualifications for compensation & benefits
  • Strong MS Excel capability required
  • Minimum 2 years working experience in Human Resources, preferably in C&B
  • Analytical, self-motivated and detail-minded
  • Proficient in PC skills and Excel (Pivot table, vLookup)
  • Min 5-7 years of solid C&B experience
  • Graduate in Human Resources Management

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