Job Description
Role Overview
- The Performance, Compensation, and Benefits Manager is responsible for designing, implementing, and managing the organization’s compensation and benefits strategies, as well as overseeing performance management frameworks.
- This role ensures that the company attracts, motivates, and retains top talent while maintaining fairness, compliance, and alignment with business objectives.
Key Responsibilities
Performance Management:
- Develop and implement performance management systems, including appraisal frameworks, KPIs, and feedback processes.
- Partner with department heads to ensure performance evaluation processes are consistent, fair, and aligned with organizational goals.
- Analyze performance data to identify trends, support employee development, and address gaps.
- Train managers and employees on performance evaluation processes and best practices.
- Ensure the alignment of individual and team goals with business objectives.
Compensation Strategy:
- Design competitive salary structures based on market trends, internal equity, and company goals.
- Conduct regular benchmarking and salary surveys to ensure competitive positioning in the market.
- Develop and manage incentive programs, including bonuses, profit-sharing, and other performance-based rewards.
- Collaborate with finance to budget and forecast compensation-related costs.
Benefits Administration:
- Manage and optimize employee benefits programs, including health insurance, retirement plans, and wellness initiatives.
- Evaluate and negotiate with vendors to secure cost-effective and competitive benefits packages.
- Monitor industry trends to recommend enhancements to benefits offerings.
- Communicate benefits programs effectively to employees and address their inquiries.
Compliance and Reporting:
- Ensure all compensation and benefits programs comply with local labor laws and regulations.
- Prepare reports and analytics related to compensation, benefits, and performance for senior management.
- Maintain confidentiality and accuracy of employee data.
Strategic Initiatives:
- Collaborate with HR leadership on workforce planning, budgeting, and organizational design.
- Identify opportunities for automation and process improvement in performance, compensation, and benefits management.
- Lead or support projects related to employee rewards, engagement, and retention.
Qualifications
- Bachelor’s Degree in Human Resources, Business Administration, Finance, or a related field. A Master’s degree is a plus.
- Certification in HR or compensation-related fields (e.g., SHRM-CP, CCP, GRP) is preferred.
Experience:
- 8 - 10 years of experience in HR, with a focus on compensation, benefits, and performance management.
- Experience in designing and managing salary structures, incentive plans, and employee benefits programs.
- Strong understanding of performance management systems and tools.
Skills:
- Analytical mindset with expertise in data analysis and reporting.
- Strong negotiation and vendor management skills.
- Excellent communication and interpersonal skills.
- Ability to balance strategic initiatives with operational tasks.
- Proficiency in HRIS and payroll systems.