Responsible for analyzing compensation data within an organization and evaluating job positions to determine classification and salary. Administers employee insurance, pension and savings plans and works with insurance.
DUTIES AND RESPONSIBILITIES
Compensation & benefits strategies
Develop, manage and implement market led compensation & benefits strategies for the company.
Assessment of local competitive compensation practices regarding the company's competitive position.
Recommends actions and/or programs to improve compensation programs and strategies.
Compensation design
Assess the effectiveness and competitiveness of the GROUP’S compensation and benefit plans, including continuous market analysis and review of employee opinions through surveys and exit feedback so as to help design appropriate recruitment and retention initiatives.
Introduce need based policies; review existing policies on a periodic basis and implement changes; participate in Internal & External benefits surveys.
Formulation of compensation structure
Collaborate with compensation and benefit design groups in order to capture market information specific to local or region and provide input on program development.
Ensure plans and programs are in compliance with local regulations.
Job evaluation
Work with Departments for matters with regards to job analysis and job evaluation.
Act as a liaison between the evaluation committee.
Conducts job evaluations and compensation surveys, helps establish salary ranges, and prepares policies and procedures to ensure competitive employee compensation.
Communication
Improve communication of policies and benefits through Benefits campaigns; Policy clarification sessions for the HR and Resourcing team; Timely response to queries on policies and benefits.
Disseminate information and communications to all HR and finance department in the company.
Benchmarking & salary surveys
Responsible for pay & benefits market surveys on a regular basis to ensure that the Company maintains its competitive position at a global level.
Keep abreast of external environment for emerging trends, regulatory changes, taxation rules, best practices and advises the management as appropriate.
Benefits
Review, analysis and benchmarking on Policies and Benefits, in consultation with Management team, relating to Service Conditions, Compensation, Incentive policies, Variable compensation and Deferred Compensation programs. Participate in regular compensation surveys and one on one data sharing.
Manages the administrative process of benefit programs. This may include such areas as: Insurance, pension programs, employee benefits etc.
Job Requirement
QUALIFICATION:
B.A Degree in Human Resources Management, Business Management, Business Administration.
WORK EXPERIENCE:
4 years’ related experience
LANGUAGE SKILLS:
Good command of English and Amharic
COMPUTER SKILLS:
Good command of MS Office word, Excel and power point
Skills and Competencies:
Creative thinking
Good Analytical skills as the work involve benchmarking and analysis.
Good Communication skills for presenting analyses, articulating presentations, reports and policy.
Good persuasion skills for implementation and closures
Process orientation and ability to work on details with high level of accuracy.
Good people skills as the role involve a lot of people interaction and coordination.