Compensation & Benefits Officer

SUMMARY:
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POSITION INFO:

Position Summary:
We are seeking a talented and detail-oriented Compensation & Benefits Officer to join our HR team. The Compensation & Benefits Officer will play a critical role in designing, implementing, and managing the company's compensation and benefits programs to ensure they are competitive, equitable, and aligned with the organization's overall goals and objectives.

Key Responsibilities:
- Develop, implement, and maintain compensation and benefits policies and procedures that are in accordance with industry best practices, legal requirements, and organizational goals.
- Manage the company's salary structure & conduct regular benchmarking studies and market analysis to evaluate the competitiveness of the company's compensation and benefits packages and make recommendations for adjustments as needed.
- Administer employee benefits programs, including health insurance, retirement plans, wellness programs, and other fringe benefits, ensuring compliance with regulatory requirements.
- Collaborate with external vendors, such as insurance providers and retirement plan administrators, to negotiate contracts, resolve issues, and ensure the efficient administration of benefits programs.
- Provide guidance and support to employees on compensation and benefits-related questions, concerns, and issues, serving as a subject matter expert on all matters related to total rewards.
- Analyze compensation data, trends, and metrics to identify areas for improvement, cost-saving opportunities, and strategies to enhance employee engagement and retention.
- Partner with the HR team to develop and deliver training programs, communications, and tools to educate employees on compensation and benefits offerings and promote employee understanding and appreciation of total rewards.
- Stay informed about changes in legislation, regulations, and market trends affecting compensation and benefits practices, proactively recommending adjustments to programs and policies to ensure compliance and competitiveness.

Qualifications:
- Bachelor's degree in human resources, Business Administration, Finance, or a related field.
- 3+ years of progressive experience in compensation and benefits administration, HR, or related roles.
- Demonstrated expertise in designing, implementing, and managing compensation and benefits programs in a corporate environment.
- Strong understanding of compensation structures, job evaluation methodologies, market pricing, and benefits administration.
- Proficiency in data analysis, interpretation, and reporting, with experience using HRIS systems and advanced Excel skills.
- Excellent communication, interpersonal, and negotiation skills, with the ability to interact effectively with employees at all levels of the organization.
- Detail-oriented, with strong analytical, problem-solving, and decision-making abilities.
- Ability to maintain confidentiality, handle sensitive information with discretion, and adhere to ethical standards.