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Key Areas Of Accountability
1. Compensation and Benefits
Knowledge & Experience
1. Compensation and Benefits
- Analyze compensation policies, government regulations and market rates to develop competitive pay structure/compensation plans
- Manage 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 policies
- Oversee the administration of the base salary programs for employees to ensure internal and external equity
- Plan, develop and design cost effective and competitive reward programs for employees
- Identify local market trends, monitor competitiveness, cost implications and recommend innovative and effective programs and solutions
- Establish and implement policies and procedures related to Compensation and Benefits and update the same for any significant changes
- Analyze and evaluate jobs in order to establish internal relativities
- Direct preparation and distribution of written and verbal information to inform employees of compensation and benefits programs and policies
- Collaborate with Talent Acquisition and Hiring Manager on salary offer/compensation package for new employees
- Provide business leaders with valuable information on C&B studies, analysis and market competitiveness
- Prepare annual compensation, benefits and payroll budget
- Monitor expenditures vis a vis approved budget
- Research on economic predictors such as inflation rate, industry historical salary increases and projected merit budget to aid management in plan/update reviews
- Manage the third party service providers (HMO representatives, consultants, etc.) to ensure timely and efficient delivery of services to employees
- 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 review
- Ensure that all taxes, Social Security contributions, contribution to employee programs, and other deductions are withheld from individual paychecks
- Ensure accuracy of government payroll tax reports, including monthly remittance and year end returns
- Determine taxability of non-wage payments
- Prepare and create standard and ad-hoc reports and reconcile all payroll related general ledger accounts prior to uploading to BPCs
- Compute for incentive payouts for non sale (support and marketing) employees
- Calculate separation pay and other benefits related programs for terminated employees
- Release separation pay check of employees once accountabilities are settled
- Recommend changes in methods of procedures to improve efficiency of payroll function
- Ensure compliance with corporate audit, relevant tax lays and government regulations
- Maintain all payroll related records
- Update and maintain 201 file to ensure that all pertinent personnel information are properly captured.
- Ensure the confidentiality of all personnel-related records
- Prepare updated report on employee data to capture new hires and status changes
- Prepare headcount report
- Ensure timely submission of monthly KPI report to HR/Finance and Business Leaders
- Prepare payroll related reports
- Prepare government reports on headcount and turnover
- Act as subject matter expert for technical tax compliance issues, including tax liabilities and benefits of foreign nationals and expatriates assigned to the company
- Administer the Employee Stock Purchase Plan
- Administer the Clara Abbot Scholarship Fund
- Participate in the on-boarding program by orient new hires on payroll and compensation and benefits policies and procedures
- Develop, analyze and prepare strategic CI projects and sourcing savings proposals
- Identify job processes for streamlining
- Participate in various C&B related surveys and ensure the accuracy of data
- Participate in various C&B project being initiated by the region
Knowledge & Experience
- Knowledge
- Compensation and Benefits Process
- Principles and Procedures
- Labor Law
- Government Mandated Benefits
- Income Tax Regulations
- Executive Orders
- Statistics
- Skills
- Interpersonal
- Written Communication
- Oral Communication
- Networking and Collaboration
- Analysis
- Critical Thinking
- Problem Solving and Judgment
- Strategic Thinking
- Organization
- Project Management
- Leadership
- Conflict Management
- Team Management
- Attitude
- Customer Orientation
- Integrity
- Self-Motivated
- Organized
- Responsible
- Experience
- Minimum of 7 years managerial experience