Total Rewards Specialist

3 weeks ago

Makati, Philippines Payreto Full time

WHAT WE OFFER Competitive Salary Packages up to 100k++ Professional Development Opportunities Hybrid Work Setup Equipment Provided Day 1 HMO Life Insurance Position Overview The Total Rewards Specialist will be responsible for developing, implementing, and managing comprehensive total rewards programs to attract, retain, and motivate employees. He/She will collaborate with HR, Finance, and other relevant stakeholders to ensure that compensation, benefits, and recognition strategies align with the organization\'s goals and objectives. Additionally, he/she will analyze market trends and best practices to continuously enhance the competitiveness and effectiveness of the total rewards offerings. WHAT WILL YOU DO? Compensation Management Conduct salary surveys and market analysis to ensure competitive compensation structures. Develop and administer base pay, variable pay, and incentive programs. Evaluate job positions to determine appropriate salary ranges and classifications. Benefits Administration Design and manage employee benefits programs, including health insurance, retirement plans, and wellness initiatives. Ensure compliance with legal requirements and monitor industry trends to recommend changes or enhancements. Communicate benefits information to employees and provide assistance with inquiries or issues. Recognition Programs Design and implement employee recognition and rewards programs to foster a culture of appreciation and engagement. Collaborate with managers to recognize employee achievements and milestones effectively. Policy Development and Compliance Develop and maintain policies and procedures related to total rewards programs. Ensure compliance with relevant laws, regulations, and internal policies. Data Analysis and Reporting Collect and analyze data on compensation, benefits, and other rewards programs. Prepare reports and presentations to communicate insights and recommendations to senior management. Employee Communication and Education Communicate changes or updates to total rewards programs to employees. Provide education and guidance to employees on compensation, benefits, and rewards-related matters. Vendor Management Manage relationships with external vendors, such as benefit providers and compensation consultants. Evaluate vendor performance and negotiate contracts as needed. Other Tasks Perform other official work as instructed by the immediate supervisor/manager. Extend work hours when needed. WHAT YOU SHOULD HAVE? Bachelor\'s degree in Finance and Accounting. Master’s degree or relevant certification (e.g., Certified Compensation Professional) is a plus. Proven experience in total rewards management, including compensation, benefits, and recognition programs. Strong analytical skills with the ability to interpret data and trends. Excellent communication and interpersonal skills. Ability to work collaboratively in a fast-paced environment. #J-18808-Ljbffr

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