Job Title: Head, Compensation & Benefits
Division: Human Resources
Reports to: Group Head, Human Resources
Location: As Applicable
Position Summary:
The Head of Compensation and Benefits will be a key strategic leader responsible for developing, implementing, and managing comprehensive compensation and benefits programs. This role, working seamlessly within the HR department, oversees compensation strategies, benefits administration, and payroll operations using SeamlessHR. The candidate will play a pivotal role in fostering collaboration between compensation, benefits, and broader HR functions ensuring fair, competitive, and compliant compensation practices while efficiently managing payroll processes.
Objective:
The primary objective of the Head of Compensation and Benefits is to design and execute holistic compensation and benefits strategies that align with organizational goals. This includes optimizing payroll processes to ensure accuracy, efficiency, and compliance with relevant
regulations. The objective is to contribute to a positive employee experience, talent retention, and organizational success.
Key Responsibilities:
1. Compensation Strategy:
• Develop, implement, and refine a robust compensation strategy aligned with organizational objectives.
• Conduct regular market research and analysis to ensure competitiveness in the industry.
• Design and manage employee compensation programs to attract and retain key talent.
2. Benefits Administration:
• Oversee the administration of employee benefits, including health insurance, retirement plans, and additional perks.
• Evaluate, enhance, and communicate the organization’s benefits offerings to support employee well-being.
3. Payroll Operations:
• Lead and manage end-to-end payroll processes, ensuring accuracy, compliance, and timely disbursement
• Collaborate with the Finance team to streamline payroll procedures and resolve any SeamlessHR-related issues.
4. Job Evaluation and Grading:
• Implement and manage job evaluation processes to ensure fair and consistent job grading.
• Collaborate with department heads to establish and maintain accurate job classifications
Performance Responsibilities:
1. Efficient Use of HR software:
• Demonstrate proficiency and efficiency in using HR software for payroll operations.
• Stay updated on HR software features and updates to optimize payroll processes.
2. Strategic Planning:
• Develop and execute a long-term vision for compensation, benefits, and payroll aligned with the company’s overall strategic goals.
• Provide strategic insights and recommendations to senior leadership based on comprehensive data analysis.
3. Regulatory Compliance:
• Stay current with changes in employment laws and regulations related to compensation, benefits, and payroll.
• Ensure the organization’s compliance with relevant legislation.
4. Stakeholder Collaboration:
• Collaborate with the HRBP and senior leadership to ensure alignment of compensation, benefits, and payroll programs with broader organizational initiatives.
• Engage with external partners, vendors, and consultants as needed.
5. Data Analysis and Reporting:
• Analyse compensation, benefits, and payroll data to provide meaningful insights and recommendations.
• Prepare and present regular reports on compensation trends, cost analysis, payroll accuracy, and other relevant metrics.
Requirements & Skill
1. Bachelor’s degree in Finance, Mathematics, Statistics, Accounting or a related field. Relevant certification (e.g., CIPM, ACA, ICAN) is a plus.
2. Proven experience in a senior compensation and benefits role.
3. In-depth knowledge of compensation structures, benefits administration, payroll performance management, and employment laws.
4. Experience in effectively leveraging HR technology for payroll, compensation, and benefits management.
5. Strong analytical skills with the ability to interpret data, conduct market research, and make data-driven decisions.
6. Excellent communication and interpersonal skills.
7. Ability to work collaboratively with cross-functional teams.
8. Ability to work independently
