Total Rewards Specialist

4 weeks ago

Makati City, National Capital Region, 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.

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