Benefits and Compensation Manager 

Tasks

The Benefits and Compensation Manager is responsible for the implementation of a competitive system of remuneration. In a multinational company, he or she is responsible for coordinating the compensation and benefits policy and devising guidelines for local human resources strategies.

He or she implements a total compensation program, which guarantees a pay grade structure in line with the market, as well as performance-based pay and fair access to benefits. As an internal service provider, he or she supports management in all compensation-related queries.

The Benefits and Compensation Manager’s area of responsibility comprises the Benefits and Compensation areas.

Benefits Tasks

The following are some of the tasks carried out by the Benefits and Compensation Manager Benefits:

●      Defining and monitoring the benefits strategy

●      Introducing new benefits and adjusting those that already exist, guaranteeing employee satisfaction

●      Supervising the HR Administrator Benefits in his or her daily work (enrollment, benefits adjustments based on changes to an employee’s personal or professional circumstances).

●      Monitoring changes in laws concerning benefits and making any necessary adjustments

●      Providing answers to employee queries regarding benefits

●      Providing information on eligibility for participation in particular benefits programs

●      Monitoring confirmations to authorities

Compensation Management Tasks

The following are some of the tasks performed by the Benefits and Compensation Manager Compensation:

●      Defining and monitoring the compensation strategy

●      Defining guidelines for distributing compensation components

●      Reviewing salary increases, bonus payments, and awards

●      Approving compensation adjustments surplus to predefined guidelines

●      Suggesting and defining budgets for compensation adjustments

●      Monitoring key figures relevant to compensation and analyzing compensation data.

●      Performing or monitoring job pricing

●      Benchmarking salary data and controlling participation in external salary surveys