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The Total Rewards Specialist is a seasoned subject matter expert, responsible for playing an integral part in the analysis, administration and evolution of the company total rewards philosophy, as well as related policies, processes and practices.
The main responsibility of the Total Rewards Specialist is to keep abreast of changing Compensation and Benefits trends by conducting and participating in external market research.
This role works as an individual contributor within the broader total rewards team and aims to balance the Compensation and Benefits opportunities available to employees in line with organizational strategy, objectives, budgets and expectations.
Key responsibilities:
- Accountable for consultation, interpretation, and advice to internal stakeholders such as HR Business Partners on company compensation policies, processes and practices
- Partners with internal HR team(s) to execute new hire offers and promotions, this may entail consulting on salary pay ranges and salary benchmarking
- Accountable for the rollout of Total Rewards projects and programmes within a region/country or at a global level
- Engages with other Total Rewards experts (may be internal or external to company) to define, develop and communicate new Total Rewards policies, processes and practices in line with the Total Rewards strategy
- Engages with other Total Rewards experts (may be internal or external to company) to evolve existing Total Rewards policies, processes and practices in line with the Total Rewards strategy
- Actively participates and supports the Annual Salary Review (ASR) process within region/country or at a global level
- Actively participates and supports the annual Bonus pay-out process within region/country or at a global level
- Audits and reviews internal compensation data to proactively resolve pay disparities, misalignment to the compensation philosophy, and internal compression
- Performs some data entry, reporting, and transaction support for the HRIS to ensure accuracy and integrity.
- Assists with researching, information gathering, benchmarking, and analyzing survey data or other market intelligence to identify trends
- Gathers data, metrics, and other elements to support annual and quarterly survey submissions to maintain company's access to market trends and time relevant data
- Assists the HR Management team with various related HR projects, as needed
- Participates in the development and execution of a broad Total Rewards strategy
- Provides back-up and/or assistance to other members of the Total Rewards team as required
- Performs any other related task as required.
To thrive in this role, you need to have:
- Seasoned understanding of compensation, benefits, and performance management principles and their impact on employee engagement and retention.
- Seasoned knowledge of compensation analysis methods, including market benchmarking and salary structure.
- Seasoned understanding of performance management processes, goal setting, performance reviews, and development plans.
- Seasoned understanding of data analysis concepts and tools, especially as applied to compensation, benefits, and performance metrics.
- Strong written and verbal communication to collaborate with team members, HR partners, and employees.
- Seasoned knowledge of HRIS platforms and payroll systems for data management and reporting.
- Abilit to handle sensitive compensation, benefits, and performance-related information.
- Dedication to providing responsive and helpful service to employees with questions about total rewards and performance matters.
- Seasoned ability to conduct complex compensation analysis, benchmarking, and design competitive pay structures.
- Demonstrated ethical behavior and confidentiality when handling sensitive compensation, benefits, and performance data.
Academic qualifications and certifications:
- Bachelor's degree or equivalent in the field of Human Resources, Business Administration or Finance preferred.
- CCP (Certified Compensation Professional) or a similar compensation certification advantageous.
Required experience:
- Seasoned demonstrated experience in total rewards, including compensation, benefits, and performance management.
- Seasoned demonstrated experience managing employee benefits programs, including plan design, enrolment, and compliance.
- Seasoned demonstrated experience in using data analytics to interpret compensation and performance data, providing insights for decision-making.
- Seasoned demonstrated experience communicating and collaborating with HR teams, senior leaders, and employees regarding total rewards and performance matters.
- Seasoned demonstrated experience working with benefits providers, compensation consultants, and performance management platforms.
- Advanced demonstrated experience in identifying and addressing challenges in compensation, benefits, and performance management.
- Relevant experience leading and managing changes in total rewards and performance programs.