Compensation and Benefits Manager
6 days ago
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.
- 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.
- 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.
- 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.
- 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.
- Develop and refine payroll and benefits policies, ensuring they are fair, transparent, and compliant.
- Maximize HRIS functionality to streamline payroll processes.
- Maintain accurate and up-to-date payroll records, ensuring readiness for audits.
- Conduct internal audits to identify discrepancies and implement corrective measures.
- 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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