What are the responsibilities and job description for the Compensation Manager position at Search Solution Group?
Position Overview :
We are seeking a dynamic and experienced Compensation Manager to develop, implement, and administer our organization’s compensation programs. This role is crucial for ensuring competitive pay practices that attract and retain top talent. The Compensation Manager will ensure that our compensation plans are equitable, competitive, and aligned with our overall business strategy, while maintaining compliance with internal policies and government regulations.
Key Responsibilities :
- Design, implement, and manage the organization's compensation structures, ensuring they are competitive and in line with industry standards.
- Oversee job evaluation processes and classification systems to ensure roles are appropriately graded and compensated.
- Conduct regular compensation analysis and market surveys to ensure internal equity and external competitiveness.
- Ensure that all compensation practices comply with relevant laws and regulations.
- Monitor the effectiveness of existing compensation practices and recommend changes that are cost-effective and consistent with compensation trends and corporate objectives.
- Conduct an annual compensation planning process in conjunction with HRBPs, Field HR, and Site Leadership.
- Develop and manage the compensation budget, ensuring financial sustainability and efficient allocation of resources.
- Prepare reports and presentations on compensation trends, pay equity, and competitive analysis for senior management and stakeholders.
- Educate and communicate compensation policies and procedures to HR teams, managers, and employees, addressing any inquiries or concerns.
Qualifications :
