Specialist - Compensations "Job Details"
Job Description
JOB SUMMARY
The Specialist - Compensations provides expertise and guidance in establishing and maintaining Sidra’s compensation framework. The position holder works on various aspects within the portfolio to re-engineer compensation initiatives.
KEY ROLE ACCOUNTABILITIES:
Receives and investigates salary inquiries raised by department management for promotions and salary increases. Prepares recommendations and follows up as required. Participates in Sidra Medicine salary and compensation reviews and other HR surveys and performs financial impact analysis to support implementation of decisions. Processes all the employee approved change requests (i.e. Promotions, Salary adjustment, title change, re-classification and re-evaluation). Suggests enhancement to the related (ECR) automated solution. Reviews and process Employee Change Requests (ECR). Reviews Sidra’s tax assistance and protection program in collaboration with Sidra approved vendor. Processes Medical & Life Insurance operations across Sidra. Ensures e-files are updated timely and accurately. Supports line manager with executive compensation management. Recommends changes to rewards offerings by designing low cost solutions. Plans, develops and participates in industry wide surveys. Recommends the reports, data-cuts required to ensure that market survey reports are leveraged and best utilized. Uses the principles of Data science to derive optimum Reward solutions and delivers insights to colleagues and managers for supporting their work. Designs and maintains Sidra C&B tools (Calculators) and relevant framework changes. Advises improvements and changes to line manager regarding Rewards processes, policies and programs. Contributes to development and maintenance of HR policies and procedures. Designs and publishes compensation and rewards reports and dashboards. Conducts high end data analysis to derive meaningful results supporting the compensation and rewards strategy. Plans effectively for Rewards projects and ensures timely completion. Adopts a systems approach to compensation and rewards activities integrating HR department’s processes and HR Systems effectively. Manages the project timelines with IT or external vendor for projects. Reviews results of UAT and production to suggest future system enhancement. Participates in pay negotiations by researching and analyzing market data, preparing recommendations and highlighting any equity issues. Oversees the advisory provided to the respective department on basic salary, benefits and resolves complicated pay related issues. Educates and supports HR colleagues for existing and new compensation & rewards initiatives, policies and programs. Works closely with HR department to gain understanding of organizational structure, job design and evaluation. Provides advice to payroll and benefits team on compensation and policy related matters. Supervises junior staff members and steps up for the line manager during leave periods. Collaborates with various internal and external stakeholders, like survey partners, peer organizations and other vendors as required. Answers queries raised by the branches and arranges meeting with them, if required.
QUALIFICAITON & EXPERIENCE
Education
Bachelor’s degree in Accounting, Economics, Mathematics, Organizational Design or a relevant quantitative based Science discipline
Experience
5+ years of experience in compensation and benefits, which includes benchmarking, plan design, salary management, HR administration and supporting a diverse workforce
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