Compensation & Benefits Manager

LMW is seeking a dynamic and experienced Compensation & Benefits Manager, on behalf of a global leading company in insights on-demand, which enables business professionals to access untapped market, competitive & customer insights powered by the world’s hardest to find experts, and cutting-edge technology.

The Compensation & Benefits Manager holds a pivotal role in designing, implementing, and managing competitive compensation and benefits programs to attract, retain, and motivate employees. This role requires a strong understanding of compensation principles, market trends, and regulatory requirements, as well as excellent analytical and communication skills. This position will work closely with HR and other stakeholders in designing, implementing and overseeing administration of comprehensive strategies that attract, retain, and engage top talent, while ensuring compliance and competitiveness within the industry.

Responsibilities

• Develop and administer compensation structures, including base pay, incentives, bonuses, and equity programs
• Conduct market research and analysis to ensure the organization's compensation packages remain competitive and compliant with relevant regulations
• Determine appropriate salary ranges and pay grades, on the basis of job roles and responsibilities partnering with HR and TA
• Lead compensation benchmarking exercises and make recommendations based on vendor data, with consideration of industry trends and best practices
• Manage the annual merit increase process, including budgeting, planning, and communication with stakeholders
• Oversee the design, implementation, and administration of employee benefits programs, such as health insurance, retirement plans, and wellness initiatives
• Collaborate with insurance brokers and benefit providers to negotiate favorable terms and cost-effective benefit packages
• Serve as the primary point of contact for employees regarding benefits-related inquiries, issues, and enrollment assistance
• Communicate benefits information to employees and provide guidance on enrollment, eligibility, and utilization
• Develop and maintain compensation and benefits policies, procedures, and guidelines
• Partner with HR leadership and legal counsel to ensure policies comply with local regulations
• Regularly review and update policies to reflect changes in legislation, market conditions, and organizational needs
• Ensure compliance with relevant laws and regulations governing compensation and benefits, including ERISA, ACA, and FMLA
• Generate reports and metrics to track key performance indicators and compensation and benefits related metrics and costs
• Develop communication materials and conduct training sessions to educate employees about compensation and benefits programs
• Negotiate contracts, service agreements, and pricing terms to ensure cost-effective and high-quality services
• Analyze compensation and benefits data to identify trends, opportunities, and areas for improvement

Requirements

• Bachelor's degree in Human Resources, Business Administration, Finance, or related field; Master's degree preferred.
• Minimum of 5 years of experience in compensation and benefits management, with demonstrated expertise in designing and implementing competitive programs
• Strong understanding of compensation principles, including salary structures, job evaluation and total rewards banding methodologies
• In-depth knowledge of employee benefits regulations and experience managing benefit plans across multiple jurisdictions
• Proficiency in HRIS systems and compensation management software
• Relevant Certified Professional Qualification is a plus

Personal Traits

• Excellent communication skills, both verbal and written, with the ability to effectively interact with stakeholders at all levels of the organization
• Proven leadership abilities, including experience managing teams and driving process improvements
• Detail-oriented mindset with a commitment to accuracy and integrity in financial reporting
• Excellent analytical, problem-solving, and decision-making skills
• Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively
• Commitment to continuous improvement and staying abreast of industry trends and best practices in financial reporting and accounting
• Flexibility to adapt to changing priorities and deadlines in a fast-paced environment

Benefits

• Competitive base salary with additional performance incentives
• Coverage under the company’s collective health insurance plan
• Learning and development opportunities (e.g. onboarding, Mini-MBA, on-the-job training)
• Hybrid work model & extra personal/flex days and paid volunteer days a year for your favorite cause
• Company sponsored team-bonding events
• Weekly health & wellness activities (e.g. basketball, football, yoga, running), gym discounts, healthy breakfast, snacks and beverages
• Entrepreneurial culture and amazing coworkers