JOB PURPOSE:
The Compensation and Benefits Executive/Analyst develops and manages compensation structures and benefits offerings, conducts job evaluations, and performs market benchmarking. This role requires strong analytical skills to provide insights in both EGP and USD, and prepare annual budgets, ensuring competitive and equitable compensation practices.
DUTIES & RESPONSIBILITIES:
- Design and implement an equitable salary structure aligned with market standards.
- Conduct job evaluations using KF Hay methodology to assess roles and ensure internal equity.
- Prepare salary competitiveness analyses, perform market benchmarking, and assess gender pay equity to inform compensation decisions.
- Collaborate with finance and HR teams to prepare the annual personnel budget.
- Oversee the annual salary increase process, ensuring compliance with budget constraints.
- Prepare job offers and monitor prevailing pay rates to ensure competitive compensation plans.
- Provide monthly analysis of personnel costs and payroll, identifying trends and variances in both EGP and USD.
- Participate in salary market surveys with external vendors (e.g., Mercer) to determine prevailing pay rates and benefits, conduct benchmark analyses.
- Direct salary adjustments and promotions, developing final recommended salaries based on available budgets.
- Prepare final settlements and compensation packages for departing employees.
- Conduct annual negotiations with health insurance brokers to ensure competitive medical and life insurance offerings.
- Perform monthly HR budget cost reports comparing actual versus estimates for Egypt.
- Oversee and analyze the training budget to ensure effective allocation of resources for employee development initiatives.
- Continuously analyze compensation trends and industry standards to recommend adjustments or enhancements to compensation structures.
- Contribute to the development and refinement of compensation and benefits policies to align with organizational goals and best practices.
- Develop materials and communication strategies to effectively inform employees about compensation and benefits programs.
|
Bachelor's degree in a relevant field such as Human Resources or Business Administration.Minimum 3 years of experience in compensation and benefits or related HR role.Proven experience in designing and delivering training programs for employees at various levels within an organization.Strong knowledge of job evaluation methodologies, preferably KF. Familiarity with market benchmarking and salary competitiveness analysis Proficient in HRIS; familiarity with Mercer tools is a plus