Compensations & Benefits Lead

2 days ago


Medina, Al Madīnah al Munawwarah, Saudi Arabia Rua Al Madinah Holding | رؤى المدينة القابضة Full time

Design, implement, and manage competitive compensation & benefits programs that attract, retain, and motivate top talent across sectors, aligning with the strategic objectives of the Company.

Responsibilities:

  • Lead the development of salary structures, bonus programs, and employee benefits packages to attract and retain top talent across various sectors.
  • Conduct regular market research studies to identify pay options and conduct financial analysis on each pay option to support the development of compensation and benefits strategy. Develop and review the current policies and procedures, identifying gaps and suggesting modifications and improvements based on analysis and best practices.
  • Ensure a consistent rewards approach for all levels across the organizational levels and develop both short-term and long-term incentive plans.
  • Communicate total reward programs and their benefits effectively to employees through various channels, ensuring compliance with relevant local regulations.
  • Manage the total rewards budget and make strategic recommendations to maximize program impact.
  • Prepare analyses and presentations on total rewards initiatives and their impact on the Company.
  • Design, evaluate, and administer employee compensation and benefits programs, including base pay and incentives.
  • Support the annual compensation review process, including salary surveys, performance evaluations, merit increases, and bonus allocations.
  • Administer employee benefits programs, including enrollment, eligibility verification, and communication of plan changes and updates.
  • Work closely with external vendors, and consultants to develop effective compensation and benefits programs.
  • Prepare and analyze compensation and benefits data, reports, and metrics to identify trendsand opportunities for improvement.
  • Stay updated on developments in compensation and benefits practices, legislation, and regulations to ensure compliance and best practices.
  • Provide training and education to employees and managers on compensation and benefits programs, policies, and procedures

Qualifications:

  • Bachelor's degree in human resources management, business administration, management, or any related field.
  • Minimum of 5 years of relevant experience.
  • Professional certifications or master's degree is preferred.
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