HR Operations Role - Compensation & Benefits - Bank

Compensation and Benefits - Human Resources

Hiring for a well known bank

Position Purpose:

- Overall support in Compensation and Benefit portfolio.

- To drive Employee reward cycle for the Bank.

- To drive Compensation and Benefit related deliverables.

- To support in NRC/Board related agenda.

Position Responsibilities:

- Research on local/country wide salary by city and Industry.

- Benchmark current pay scale to competitors on a proactive basis.

- Plan and Execute Annual/Mid-Year merit and benefit plans.

- Supporting during NRC/Board Meetings i.e. assisting in finalising Agenda, supporting in drafting notes, minutes and maintaining records.

- Tracking and ensuring closure on NRC/Board related deliverables.

- Act as a SPOC to employees encouraging conversations during and after onboarding.

- Design and renew our compensation plans with monetary and non-monetary benefits based on employee needs and that will yield the highest value for the organization.

- Ensure salaries and benefits comply with the current legislation.

- Identify trends and implement new practices to engage and motivate employees.

- Conduct analysis of Jobs, Salaries and Incentives to evaluate internal equality, external competitiveness.

- Assist in development and monitoring of Incentive Programmes across the Organisation.

- Undertaking overall Salary Benchmarking Exercise and making recommendations.

- Keep track of prevailing pay rates and make sure we offer competitive compensation plans.

- Ensure job descriptions, job analyses and classifications.