Job Purpose:

The Compensation and Benefits Manager is responsible for designing, implementing, and managing a comprehensive compensation and benefits strategy aligned with the company’s business goals. The role ensures competitive pay structures and benefit programs that attract, retain, and motivate top talent across the retail and real estate business units.

Key Responsibilities:

Compensation:

• Develop and manage the salary structure, pay scales, and incentive schemes.
• Conduct regular benchmarking and market analysis to ensure competitive positioning.
• Partner with department heads to support salary budgeting and workforce planning.
• Manage the annual salary review, merit increases, and bonus planning process.
• Advise on compensation packages for new hires, promotions, and transfers.

Benefits:

• Design and oversee employee benefits programs, including health insurance, retirement plans, leave entitlements, and wellness initiatives.
• Evaluate and negotiate with vendors and service providers to ensure cost-effectiveness.
• Monitor benefit utilization and employee satisfaction, and recommend improvements.
• Ensure compliance with statutory requirements and labor laws related to benefits.

Data & Analytics:

• Maintain accurate compensation and benefits data in HR systems.
• Prepare reports and dashboards for management review.
• Analyze trends and provide insights to support strategic HR decisions.

Compliance & Governance:

• Ensure internal compensation and benefits policies comply with applicable laws and regulations.
• Lead internal audits and ensure documentation and policy accuracy.
• Develop and maintain SOPs related to compensation and benefits administration.

Qualifications:

• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field. Master’s degree or HR certification is a plus.

• Minimum 5–7 years of relevant experience, preferably in the retail sectors.

• Strong knowledge of compensation trends, job evaluation methods, and employee benefits.
• Proficiency in HRIS and data analysis tools (e.g., Excel, SAP SuccessFactors, Workday).
• Excellent analytical, communication, and stakeholder management skills.