Head - Compensation & Benefits - Stock Broking Firm (6-14 yrs)

Head - Compensation & Benefits - Stock Broking Firm

Key Responsibilities:

Strategic Planning:

- Develop and implement compensation and benefits strategies that support the organization's goals and enhance employee satisfaction.

- Conduct regular benchmarking and market analysis to ensure competitive compensation and benefits packages.

Compensation Management:

- Design and manage base salary structures, variable pay programs, and incentive plans.

- Oversee job evaluations and salary surveys to ensure equitable and competitive compensation practices.

- Collaborate with senior leadership to address complex compensation issues and provide recommendations.

Benefits Administration:

- Oversee the design, implementation, and administration of employee benefits programs, including health, retirement, and wellness benefits.

- Ensure compliance with relevant laws and regulations related to benefits administration.

- Manage relationships with benefits vendors and service providers to ensure effective service delivery.

Compliance and Reporting:

- Ensure compliance with federal, state, and local compensation and benefits regulations.

- Prepare and present compensation and benefits reports to senior management and the board of directors.

- Conduct audits to ensure accuracy and compliance of compensation and benefits programs.

Employee Communication and Engagement:

- Develop communication strategies to inform employees about compensation and benefits programs.

- Address employee inquiries and concerns regarding compensation and benefits in a timely and effective manner.

- Promote programs that enhance employee engagement and retention.

Team Leadership and Development:

- Lead and mentor a team of compensation and benefits professionals.

- Foster a culture of continuous improvement and professional development within the team.