Compensation and Benefits Specialist job description

About the job

We are looking for a compensation and benefits specialist to design and review pay, allowance and benefit structures that are fair inside the organization, competitive in the market and compliant with the labour relations law and social security rules.

Duties and responsibilities

• Evaluate jobs and place them in pay grades
• Build and update the salary and allowance structure based on market pay surveys
• Run benefit schemes, such as health insurance, allowances and salary advances, and deal with providers
• Calculate annual increases, incentives and bonuses under approved policies
• Assess the budget effect of pay changes and prepare forecasts
• Check that social security contributions and income tax on salaries are calculated correctly
• Answer staff questions on pay and benefits clearly and confidentially
• Prepare staff cost reports and analyse pay differences

Working conditions

• Busier during annual pay reviews and budget preparation

Requirements

• Bachelor's degree in human resources, accounting or economics
• 3 to 6 years of experience in compensation and benefits or payroll

The years of experience follow the level you choose when posting.

Skills

• Salary structures
• Job evaluation
• Salary surveys
• Benefits administration
• Libyan labour law
• Excel
• Data analysis
• Confidentiality

Preferred

• Experience with a job evaluation method such as Hay
• Advanced Excel, such as pivot tables and formulas
• A professional compensation and benefits certificate