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Title
Text copied to clipboard!Compensation Manager
Description
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We are looking for a Compensation Manager to join our team. The successful candidate will be responsible for developing and implementing our employees' compensation programs. Your main duties include conducting job evaluations, preparing pay budgets, and researching and proposing competitive base and incentive pay programs to ensure the organization attracts and retains top talent. You will also ensure that our compensation programs comply with legal requirements. You will work closely with the HR team and report directly to the HR Director. The ideal candidate will have a deep understanding of compensation strategies and a track record of creating and implementing effective compensation programs.
Responsibilities
Text copied to clipboard!- Develop and implement compensation strategies and programs
- Conduct job evaluations and job analyses
- Prepare and manage pay budgets
- Research and propose competitive base and incentive pay programs
- Ensure compensation programs comply with legal requirements
- Collaborate with HR team on compensation related issues
- Manage salary survey participation
- Develop and present compensation training to HR and management
- Manage the performance evaluation process
- Analyze compensation policies and government regulations to ensure company's competitive position
Requirements
Text copied to clipboard!- Bachelor's degree in Human Resources, Business Administration, or related field
- Proven experience as a Compensation Manager or similar role
- Deep understanding of compensation strategies and programs
- Knowledge of job evaluation and job analysis processes
- Familiarity with various types of incentives and benefits
- Understanding of labor legislation and payroll process
- Excellent analytical skills
- Strong communication and presentation skills
- Proficiency in MS Office and HRIS systems
- Certified Compensation Professional (CCP) certification is a plus
Potential interview questions
Text copied to clipboard!- Can you describe your experience with job evaluation processes?
- How do you ensure a company's compensation strategy is competitive?
- Can you explain your approach to managing pay budgets?
- How do you handle discrepancies in pay and compensation?
- Can you describe a time when you had to implement a new compensation strategy?