Total Rewards Specialist
Payreto
Date: 3 weeks ago
City: Makati City
Contract type: Full time
What We Offer
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
- Competitive Salary Packages up to 100k++
- Professional Development Opportunities
- Hybrid Work Setup
- Equipment Provided
- Day 1 HMO
- Life Insurance
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
- 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
- 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
- Develop and maintain policies and procedures related to total rewards programs
- Ensure compliance with relevant laws, regulations, and internal policies
- Collect and analyze data on compensation, benefits, and other rewards programs
- Prepare reports and presentations to communicate insights and recommendations to senior management
- Communicate changes or updates to total rewards programs to employees
- Provide education and guidance to employees on compensation, benefits, and rewards-related matters
- Manage relationships with external vendors, such as benefit providers and compensation consultants
- Evaluate vendor performance and negotiate contracts as needed
- Perform other official work as instructed by the immediate supervisor/manager
- Extend work hours when needed
- 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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