Position Overview

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.

Benefits Administration

• 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.

Recognition Programs

• 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.

Policy Development and Compliance

• Develop and maintain policies and procedures related to total rewards programs.
• Ensure compliance with relevant laws, regulations, and internal policies.

Data Analysis and Reporting

• Collect and analyze data on compensation, benefits, and other rewards programs.
• Prepare reports and presentations to communicate insights and recommendations to senior management.

Employee Communication and Education

• Communicate changes or updates to total rewards programs to employees.
• Provide education and guidance to employees on compensation, benefits, and rewards-related matters.

Vendor Management

• Manage relationships with external vendors, such as benefit providers and compensation consultants.
• Evaluate vendor performance and negotiate contracts as needed.

Other Tasks

• 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.