Compensation & Benefits Assistant Manager

1. C&B Budget Management • Develop and manage annual C&B budget, including salary increase budgets, bonus pools, and benefits costs • Monitor and analyze C&B spending against budget, providing regular reports to management • Forecast C&B costs and provide recommendations for cost optimization • Collaborate with Finance to ensure accurate budget allocation and tracking • Conduct monthly/quarterly budget variance analysis and present findings to stakeholders 2. Market Benchmark & Analysis • Lead annual salary benchmarking exercises using relevant market data sources (e.g., Mercer, Willis Towers Watson, Aon Hewitt) • Analyze market data to ensure competitive positioning of compensation packages • Prepare and present benchmark reports to HR leadership and business partners • Monitor market trends and provide insights on emerging compensation practices • Conduct job matching and ensure accurate position alignment with market data • Advise business leaders on market competitiveness for critical roles 3. C&B Policy Development & Management • Develop, review, and update C&B policies to ensure alignment with business strategy and legal compliance • Design and maintain salary structures, pay grades, and job evaluation systems • Create and manage incentive programs (annual bonus, sales incentives, long-term incentives) • Ensure policies are communicated effectively to employees and managers • Handle policy exceptions and provide guidance on complex C&B cases

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