Compensation and Benefits Manager

4 weeks ago

Quezon City, Philippines WalterMart Shopping Center Full time

On-site - Quezon City | 3-5 Yrs Exp | Bachelor | Full-time

Job Description Payroll Processing
  • Process payroll for all employees, ensuring accuracy and compliance with Philippine labor laws and company policies.
  • Manage payroll computations, including overtime, holiday pay, allowances, and deductions.
  • Ensure timely distribution of payslips and resolution of payroll-related queries.
Final Pay and Clearance
  • Compute final pay for separating employees, including pro-rated salaries, unused leave balances, and statutory deductions.
  • Collaborate with HR and Finance for seamless clearance processes.
Statutory Compliance
  • Process and remit government-mandated contributions (SSS, PhilHealth, Pag-IBIG) and taxes on time.
  • Prepare and file government reports such as BIR 2316, Alphalists, and quarterly tax returns.
  • Stay updated on changes in labor laws and statutory requirements to ensure compliance.
Compensation & Benefits Administration
  • Oversee the enrollment, updating, and termination of employee benefits such as HMO, group insurance, and other perks.
  • Address employee inquiries related to benefits and resolve issues promptly.
  • Conduct regular reviews of compensation structures to align with market standards.
Advanced Data Analysis and Reporting
  • Use advanced Excel techniques to analyze payroll trends and generate management reports.
  • Maintain and update dashboards for payroll and benefits utilization metrics.
  • Design, implement, and manage compensation and benefits programs aligned with internal equity and external competitiveness.
Policy Development and System Optimization
  • Develop and refine payroll and benefits policies, ensuring they are fair, transparent, and compliant.
  • Maximize HRIS functionality to streamline payroll processes.
Audit and Documentation
  • Maintain accurate and up-to-date payroll records, ensuring readiness for audits.
  • Conduct internal audits to identify discrepancies and implement corrective measures.
Qualifications
  • Bachelor’s degree in Human Resources, Business Administration, or a related field.
  • At least 5 years of experience in compensation and benefits management, including 2 years in a managerial role.
  • Expertise in developing compensation strategies, salary administration, and managing employee benefits programs.
  • Solid knowledge of local labor laws, tax implications, and regulatory compliance for compensation and benefits.
  • Strong data analysis and reporting skills to track compensation programs and suggest improvements.
  • Excellent communication and interpersonal skills with the ability to collaborate with senior management and HR teams.
  • Exceptional attention to detail and accuracy in data handling.
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