Compensation and Benefits Specialist

Job Summary:

Compensation & Benefits Specialist is responsible for developing and implementing compensation and benefits programs for employees by analyzing data, reviewing market trends, and making recommendations for competitive and effective compensation packages.

Job Requirements:

• Follow all relevant policies, processes, and standard operating procedures so that work is carried out in a controlled and consistent manner.
• Facilitate knowledge transfer efforts related to different job activities to junior staff and ensure know-how and expertise is passed on to qualified candidates.
• Develop and administer compensation and benefits programs, policies, and procedures to attract and retain talent, ensuring competitiveness and compliance with legal requirements.
• Conduct benchmarking and market analysis to evaluate the organization's compensation and benefits programs, making recommendations for adjustments and enhancements to remain competitive in the market.
• Manage the annual compensation review process, including salary surveys, job evaluations, and salary structure adjustments, ensuring fair and equitable compensation practices.
• Analyze, review & finalize monthly payroll for accuracy and provide guidance on better practices.
• Collaborate with hiring managers to determine appropriate compensation packages for new hires, promotions, and transfers, considering factors such as market rates, internal equity, and individual performance.
• Administer employee benefits programs, such as health insurance, and other employee perks, ensuring effective communication, enrollment, and compliance with regulatory requirements.
• Serve as a subject matter expert and provide guidance to managers on compensation and benefits-related matters, including job offers, salary negotiations, and total rewards packages.
• Monitor and analyze compensation and benefits trends, legislation, and industry best practices, recommending and implementing improvements or changes to programs to enhance employee satisfaction and retention.
• Prepare and present compensation and benefits reports and presentations to Human Capital leadership and management, providing insights and recommendations based on data analysis and market trends.

Job Requirements:

• Bachelor’s degree in Human Resources, Business, or equivalent.
• Expert in Microsoft Excel functions, budgeting, Forecasting and strong math proficiency.
• Must be Bilingual (Arabic and English professional).
• 9 + years of experience in human resources or a similar field.
• Expertise in compensation and benefits programs and practices.
• Strong analytical and data-driven decision-making skills.
• Ability to design and administer competitive and compliant compensation and benefits plans.
• In-depth Knowledge of Payroll Procedures and advancement.