Compensation and Benefits Manager (Manufacturing)

Monroe Consulting Group, an Executive Recruitment firm, is partnering with an organisation in the Industrial industry to hire a Compensation and Benefits Manager. This opportunity is based in the Philippines.

Position Overview

• Lead the design, implementation, and administration of the organisation's compensation, benefits, rewards, and performance management programmes.
• Ensure market competitiveness, regulatory compliance, operational excellence, and alignment of compensation strategies with business objectives.

Key Responsibilities

• Implements the performance management system and the performance-based merit system.
• Conduct the salary analysis and job offers for new hires and other employee movements (e.g. transfers, promotions, etc.).
• Conducts employee orientation on the compensation and benefits program.
• Participate in national and local Compensation and Benefits surveys/ benchmarking activities.
• Analyzes compensation data gathered from the surveys, draws conclusions on trends and their possible implications, provides information and makes recommendations to aid management decision making.
• Reviews, designs, manages, implements and evaluates the Company's job grading and Salary Structure. Conducts annual reviews against market data and makes appropriate recommendations to management.
• Prepares other CompBen-related studies and analysis as required by management.
• Provides advice on compensation-related inquiries explains and interprets compensation issues based on existing policies and government regulations.
• Oversee the administration of the Government-mandated and Company-initiated benefits programs in compliance to Labor Code and company policies.
• Reviews, designs, recommends and implements new or additional company benefits based on industry standards.
• Provides advice on company benefits-related inquiries explains and interprets benefits issues based on existing policies and government regulations.
• Coordinates with Purchasing re the canvassing and engagement of third-party service providers for products and services required by HR such as insurance coverage, mobile phone plans and the like. Participates in the selection, contract review and evaluation of service providers and gives input to enhance products and services.
• Coordinates with Finance and the 3rd party service provider for the administration of managers' compensation/payroll.
• Coordinate with 3rd party service providers for managers' benefits such as Shell fleet card and the like.
• Establishes network/ linkage with private and government agencies for information and guidance.
• Keeps abreast of new Philippine laws, regulations and updates relevant to employment.
• Participate in the development, management and implementation of awards and incentive programs and company activities.
• Implements and monitors the employees' compliance to the Company's Performance management system.
• Ensures complete documentation of employee performance reviews for probationary period, annual reviews, employee movements and other related documentations.
• Implements the Company-wide performance-based merit system based on corporate and guidelines.
• Oversee the implementation of the attendance and timekeeping function and the use of the HRIS/MyPrime system.
• Coordinates with Finance for payroll-related concerns of employees.
• Review and updates existing polices.
• Drafts new policies as necessary.
• Oversees complete and updated filing of employees' 201 and 202 files.
• Ensures submission of regular reports (weekly/ monthly) as required by management, corporate headquarters and government entities.
• Takes the lead during ISO, SOX and other social compliance audits in CompBen.

Key Requirements

• Graduate of a 4-year college course, preferably in Psychology, Human Resources Management, Business Management or related field.
• A post-graduate degree in Psychology, Human Resources Management or units in Business Management is an advantage.
• With at least 5 years work experience in Human Resources in a large manufacturing firm.
• With extensive experience in compensation and benefits management in a leadership role.

• Basic knowledge of Philippine Labor Laws, Labor Code of the Philippines and Department of Labor and Employment regulations.
• Experience as auditee for ISO, Customer and SOX Audits.
• Well-versed in HRIS Management and proficient in MS Office applications.
• Experience in using AI tools and other tech tools at work.
• Experience in compensation and benefits management, salary structure design, job grading, and benchmarking.
• Knowledge of payroll administration, rewards and incentive programmes, and performance-based merit systems.
• Experience in policy development, records management, and government-mandated benefits administration.

• Ability to maintain the confidentiality of highly sensitive or restricted information.
• Highly analytical, with keen attention to details; ability to quickly spot data problems and make immediate corrections.
• Ability to impart knowledge and skill, offer advice and counsel on compensation and benefits-related issues.
• Ability to clearly communicate internally and externally, both in oral and written form.
• Strong leadership, stakeholder management, and advisory capabilities.
• Has moral courage, strong sense of fairness and equity, initiative, assertiveness, and self-confidence.
• Ability to collaborate effectively with internal and external stakeholders.
• Strong organisational and decision-making skills.