The Total Rewards Specialist is accountable for supporting the development and implementation of the Total Rewards Strategies. As the subject matter expert for Total Rewards Programs, specific responsibilities include performing job evaluation, market benchmarking, salary analysis, cost-modeling, and analytics; and recommending improvements to the Total Rewards processes, practices, and policies.
Support the design, development and execution of Total Reward plans and programs including salary and benefits policy and structure, salary planning, bonus and incentive scheme, recognition program, and benefit costing.
Conduct salary analysis and monitors the consistency and effectiveness of compensation policies, guidelines, and procedures.
Identify, recommend, and implement revisions to warrant internal equity, and ensure the salary program is affordable, cost effective, and consistent with organizational objectives.
Conduct market research, interprets market data, and performs analysis to ensure competitive positioning within the market. Proposes market adjustments and/or updates to salary ranges, incentive, benefits structure, and policy and guidelines based on market trends and practice.
Ensure compliance with Total Rewards Strategy, policies, and practices by identifying risk, developing audit methodologies, evaluating audit results, and delivering corrective actions.
Provide expert guidance and support to the key stakeholder on Total Reward programs, variable pay, job evaluations, pay equity, rewards and recognition, and benefits plans.
Evaluate positions at all levels of the organization utilizing external market data and internal position comparisons.
Monitor trends affecting pay and benefits and assess impact.
Monitor market conditions and governmental regulation changes to ensure compliance, and keep leadership informed while recommending applicable changes as appropriate/per best practice,
Perform qualitative and quantitative analysis using spreadsheets, modeling, and statistical tools to develop and support conclusions and recommendations.
Apply knowledge of total rewards theories and practices when identifying issues, developing solutions, and making recommendations.
Comprehensive knowledge of compensation and benefits principles, practices, and regulations to design and administer competitive total rewards programs.
Strong analytical skills are essential for evaluating compensation data, conducting market analysis, and making recommendations for salary structures and incentive plans.
Proficiency in HRIS (Human Resources Information Systems) and compensation software enables efficient management of compensation data, administration of benefits programs, and generation of reports.
Experience in project management and communication skills are vital for coordinating total rewards initiatives, collaborating with cross-functional teams, and effectively communicating compensation and benefits information to employees.
Knowledge of employee relations and employment law enhances the ability to ensure compliance with regulations, resolve employee concerns related to compensation and benefits, and maintain fairness and equity in total rewards programs.
ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.
Minimum 8 year(s) working experience, 5 year(s) relevant working experience, 2 year (s) GCC is a plus
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