Job Description
POSITION DESCRIPTION
The Compensation and Benefits Specialist fills a key role in managing compensation and benefits programs designed to attract top talent and retain valued employees. This position is responsible for compensation benchmarking and analysis, merit and performance review process, benefits programs and enrollment, leave administration, policy renewals, total rewards, and employee wellness initiatives.
TEAMWORK RESPONSIBILITIES
Works effectively with employees at all levels of the organization. Familiar with standard concepts, practices and procedures within field. Consistently and effectively applies knowledge and expertise to perform complex assignments independently and with proficiency. Executes responsibilities professionally and in accordance with the organization’s policies and in compliance with applicable federal and state laws and regulations. Works under general supervision. Some degree of creativity and latitude is required.
RESPONSIBILITIES
Benefits Administration·
- Collaborate with vendors, benefits carriers and consultants for the implementation and/or management of health care benefits, disability programs, life insurance, Employee Retirement Savings Plan (ERSP), wellness programs and other benefits·
- Manage benefit plan renewal and open enrollment ensuring timely and accurate benefit plan renewal, enrollment and administration in accordance with plan documents, as well as laws and regulations, while providing exceptional service to employees·
- Responsible for leave of absence administration, reporting and tracking; track and manage all leaves of absence and related functions including FMLA/CRFA, disability accommodation requests, personal leaves, short-and long-term disability, etc.; coordinate with employees, supervisors, and carrier(s) to ensure timely communication and administration; manage process for benefit premium payments for employees on leave·
- Report employee injuries to workers’ compensation carrier timely and coordinate work status updates and employee communication throughout the life of claim(s); advise regarding work restrictions and return to work statuses·
- Conduct employee benefit workshops and new hire orientation; educate all levels of employees regarding benefits to assure employee knowledge to assist them in making appropriate choices; monitor benefit utilization and ensure quick and courteous service·
- Process and audit benefit changes timely and accurately; regularly audit benefit deductions in HRIS system for accuracy·
- Spearhead employee wellness initiatives including coordination of employee wellness events, vendor participation and employee communications·
- Work with partner vendors, carriers and consultants to assure compliance including COBRA, 5500reports, ACA compliance, etc.·
- Maintain summary plan description records and associated forms, documents and communications; manage required filings, reports and audits related to the administration of employee benefit programs·
- Document and maintain administrative procedures for benefits processes·
- Develop benefit reporting, including enrollment statistics, cost and claim analysis and trend data in coordination with the benefits broker; recommend appropriate actions based on analysis and interpretation of data; develop proposals for process improvements
Compensation Administration
- Effectively manage the merit and performance review processes
- Conduct salary and labor market research to define benchmarks; review compensation programs and make recommendations for compensation and benchmarking to ensure market competitiveness to attract and retain talent
- Monitor and research compensation trends and make appropriate recommendations
- Ensure costs associated with compensation are in line with our organization’s objectives, culture, and philosophy
- Ensure compensation changes are executed accurately and timely
- Develop and update job descriptions including determining position classifications; make recommendations to managers regarding job descriptions, job classifications, and compensation
- Conduct periodic audits, prepare and present reports and recommendations based on research and analysis; document and maintain administrative procedures for compensation processes
- Work with broker to ensure compensation and benefit plans are compliant with laws and regulations