The position is responsible for developing appropriate compensation and benefits strategies.  It is also responsible for implementing compensation and benefit programs for the company to cover the following areas:  job evaluation, salary and incentive programs, life and health insurance, allowances, disability, pension, stock options, programs.  The position also manages the timely and accurate processing of the employees’ payroll.

Direct Report/s: 1 - Compensation and Benefits Officer

Key Areas of Accountability:

Compensation and Benefits  

Analyze compensation policies, government regulations and market rates to develop competitive pay structure/compensation plansManage and monitor the compensation aspect of the promotion, pay equity adjustments, merit rating programs and adjustments to the minimum value of a salary range to ensure adherence to established policiesOversee the administration of the base salary programs for employees to ensure internal and external equityPlan, develop and design cost effective and competitive reward programs for employeesIdentify local market trends, monitor competitiveness, cost implications and recommend innovative and effective programs and solutionsEstablish and implement policies and procedures related to Compensation and Benefits and update the same for any significant changesAnalyze and evaluate jobs in order to establish internal relativitiesDirect preparation and distribution of written and verbal information to inform employees of compensation and benefits programs and policiesCollaborate with Talent Acquisition and Hiring Manager on salary offer/compensation package for new employeesProvide business leaders with valuable information on C&B studies, analysis and market competitivenessPrepare annual compensation, benefits and payroll budgetMonitor expenditures vis a vis approved budgetResearch on economic predictors such as inflation rate, industry historical salary increases and projected merit budget to aid management in plan/update reviewsManage the third party service providers (HMO representatives, consultants, etc.) to ensure timely and efficient delivery of services to employees

Payroll

Manage the payroll vendor to ensure timely and accurate processing of employee payroll, including sales commissions, incentives, bonuses, etc.Review payroll register prior to submission to the Finance Director for reviewEnsure that all taxes, Social Security contributions, contribution to employee programs, and other deductions are withheld from individual paychecksEnsure accuracy of government payroll tax reports, including monthly remittance and year end returnsDetermine taxability of non-wage paymentsPrepare and create standard and ad-hoc reports and reconcile all payroll related general ledger accounts prior to uploading to BPCsCompute for incentive payouts for non sale (support and marketing) employeesCalculate separation pay and other benefits related programs for terminated employeesRelease separation pay check of employees once accountabilities are settledRecommend changes in methods of procedures to improve efficiency of payroll functionEnsure compliance with corporate audit, relevant tax lays and government regulations

HR Database Management

Maintain all payroll related recordsUpdate and maintain 201 file to ensure that all pertinent personnel information are properly captured.Ensure the confidentiality of all personnel-related records

Report Generation

Prepare updated report on employee data to capture new hires and status changesPrepare headcount reportEnsure timely submission of monthly KPI report to HR/Finance and Business LeadersPrepare payroll related reportsPrepare government reports on headcount and turnover

Others

Act as subject matter expert for technical tax compliance issues, including tax liabilities and benefits of foreign nationals and expatriates assigned to the companyAdminister the Employee Stock Purchase PlanAdminister the Clara Abbot Scholarship FundParticipate in the on-boarding program by orient new hires on payroll and compensation and benefits policies and proceduresDevelop, analyze and prepare strategic CI projects and sourcing savings proposalsIdentify job processes for streamliningParticipate in various C&B related surveys and ensure the accuracy of dataParticipate in various C&B project being initiated by the region

Job Specification

Knowledge & Experience:

Knowledge

Compensation and Benefits ProcessPrinciples and ProceduresLabor LawGovernment Mandated BenefitsIncome Tax RegulationsExecutive OrdersStatistics  

Skills

InterpersonalWritten CommunicationOral CommunicationNetworking and CollaborationAnalysisCritical ThinkingProblem Solving and JudgmentStrategic ThinkingOrganizationProject ManagementLeadershipConflict ManagementTeam Management

Attitude

Customer OrientationIntegrity Self-MotivatedOrganized                          Responsible

Experience

Minimum of 7 years managerial experience

Minimum Qualification:

Bachelor's Degree in Human Resources, Psychology and Communication