16 Compensation And Benefits jobs in Pakistan

A compensation and benefits manager is responsible for developing, implementing, and administering the organisation's rewards and benefit policies. This includes salaries, bonuses, and employee benefits such as pensions, life assurance, profit-sharing, company cars, and medical insurance packages. They may also handle relocation and expatriate packages.

1. Monitoring the organisation's salary structure and benefits to balance cost control with attracting and retaining staff.
2. Researching and analysing salary rates and benefits offered by other employers in the sector.
3. Undertaking job evaluations to ensure fair pay differences within the organisation.
4. Recommending changes to pension and insurance schemes.
5. Identifying causes of personnel problems and developing improvement recommendations.
6. Developing and implementing competitive benefit packages compliant with legal requirements.
7. Negotiating with union representatives on pay and benefits issues.
8. Managing the payroll system.

• Motivating, developing, and directing staff effectively.
• Effective written and verbal communication skills.
• Active listening and understanding others' points of view.
• Logical reasoning and problem-solving abilities.
• Understanding system operations and environmental impacts.
• Awareness of others' reactions and motivations.

• Principles and procedures related to personnel recruitment, selection, training, compensation, benefits, and labour relations.
• Curriculum and training design, delivery, and evaluation methods.

• Reading and understanding written information.
• Listening and comprehending spoken information.
• Effective speaking and writing skills.
• Identifying potential issues and solutions.

• Administering and reviewing employee benefit programs.
• Analyzing compensation policies, regulations, and wage rates to develop competitive plans.
• Analyzing data to identify personnel issues and recommend improvements.
• Designing and updating benefits policies for compliance and competitiveness.
• Communicating benefits, compensation, and policies to employees.
• Formulating policies for recruitment, testing, placement, and labor relations.
• Developing tools for benefits selection and compensation decision-making.

Location: Information Technology and Services - Lahore, Pakistan

Our client requires experienced candidate for the post of Manager Compensation and Benefits in Karachi. Candidate with the below mentioned skills and experience are required to apply at their earliest.

• Strong analytical skills
• Highly proficient in MS Excel and other MS Office applications
• Strong interpersonal and communication skills
• Meticulous, organized, proactive, independent, resourceful and results oriented
• Familiar with local employment law
• Able to work in a fast-paced environment
• Experience in human resources information systems (HRIS), and other spreadsheet and database applications.

• Preparation of salary for permanent contracted and outsourced employees in order to ensure timely and accurate disbursement to employees. Ensure all expense claims (other than stipulated salary) through monthly pay run.
• Managing Employee Database
• Manage the employee data base through monthly updates and verifications from concerned Departments including employees’ data (leavers, joiners and active employees) in order to ensure easy retrieval from a reliable and updated database.
• Developing/Updating Policies and Procedures
• Regularly update HR Polices and procedures in order to maintain market competitiveness and provide a frame work for the equitable treatment of employees.
• Preparation of Final Settlements
• Process resignations and making final payments consistent with company policy.
• Timely Reporting OF Income Tax
• Timely Submission of Finance Reporting
• Daily Head Count Reporting

Age : 25-35

Experience : 02-03 years

Education : BBA/MBA HRM or Finance

Salary as per market

Skills

• Team building, coordination and follow- up skills.
• Must be excellent in using Microsoft Office.
• Proficiency in business statistics.
• Excellent communication, report writing, and presentation skills.

The incumbent is responsible for designing, developing and executing reward solutions/programs as well as analysing compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan. Also, the person is responsible to support HRBP team in change management and Headcount Budgeting & Planning.

Requirements

• Develop and implement Total Reward Framework that attracts and retains the right talent
• Develop customized reward solutions, participate in salary surveys, maintain salary equity across organization and propose revision in salary structure if needed.
• Design, evaluate and modify benefits policies to ensure that benefits provided are current, competitive, and in compliance with legal requirements.
• Provide expert advice on Total Rewards & Polices, Headcount Budgeting & Planning and Change Management.
• Develop methods to improve employment policies, processes, and practices, and recommend changes to management.
• Formulate policies, procedures and programs for manpower planning and prepare budgets
• Oversee timely roll out for HR Automation as well as System Configuration.
• Review payroll, loans, payments, settlements and reconciliation of employees
• Provide expert guidance and devise plans on reorganization as well as restructuring of the organization when needed.
• Ensure execution of smooth HR operations related to contracts with vendors.
• Ensure preparation of proposals/presentations for Board & People Committee in a timely manner
• Ensure timely preparation and submission of monthly reports pertaining to reward policies
• Ensure smooth functioning and improve inefficient systems and processes within the reward and budgeting area
• Ensure effective conflict resolution on departmental as well as divisional level.
• Carry out any other task assigned by Chief Human Resource Officer
• Incumbent shall be responsible to adhere by Telenor Microfinance Bank Behaviours (Be Respectful, Keep Promises, Always Explore and Create Together) in all aspects of his/her work conduct

Position Summary:

Senior Manager Total Rewards will be responsible for designing, implementing, and managing comprehensive total rewards strategies that support the organization's strategic objectives. This role requires a seasoned professional with extensive experience in compensation and benefits, strategic planning, and international exposure. The ideal candidate will have a proven track record of successfully managing total rewards programs in a complex, global environment.

Key Responsibilities:

Strategic Leadership:

• Create and execute total rewards strategies that align with the organizational goals of Fatima Group. This includes designing compensation structures and benefits programs that meet local market needs and reflect global best practices, ensuring competitiveness in attracting top talent.
• Develop and drive the Annual Operating Plan (AOP) for total rewards, ensuring alignment of budgeting and resource allocation with strategic priorities and business objectives.

Oversee Compensation Structures:

• Manage all aspects of compensation, including salary scales, incentive programs, and bonus structures. Analyze market trends and internal equity to develop a competitive compensation strategy that rewards performance and aligns with the company's strategic objectives.

Design and Manage Employee Benefits Programs:

• Lead the design and administration of employee benefits programs, ensuring they are competitive, compliant, and meet the diverse needs of employees. Evaluate health, wellness, retirement, and other benefits offerings to provide value to the workforce while aligning with financial objectives.
• Spearhead the development and implementation of Employee Wellness Programs that promote physical, mental, and emotional well-being, fostering a healthy and engaged workforce.

Conduct Market Research and Benchmarking:

• Conduct regular market research and benchmarking to ensure total rewards offerings remain competitive. Analyze industry trends and competitor practices to make data-driven recommendations for enhancements to compensation and benefits programs.

Collaborate with Senior Leadership:

• Work closely with senior leadership to align total rewards strategies with business objectives. Integrate the total rewards philosophy into the broader organizational strategy, ensuring all initiatives support the company's mission and vision.

Performance Management:

• Partner with business leaders to develop and implement effective performance management systems that align individual and team performance with organizational goals.
• Oversee and continuously improve the performance management process, providing tools and resources to managers to effectively evaluate and develop their teams, driving engagement and high performance.

Qualifications & Experience:

• A Master's degree in Human Resources or a related field, such as an MBA, is required to ensure a strong foundation in strategic HR management.
• years of progressive experience in total rewards, compensation, and benefits management, with a proven track record of success.
• Significant international exposure, with experience managing total rewards programs across different countries and cultures, is highly desirable.
• Strong analytical skills for interpreting data and driving compensation and benefits decision-making.
• Excellent communication and interpersonal skills to influence and collaborate with stakeholders at all organizational levels.