Payroll Specialist

Job Description

You will be a key contributor to our organization's growth and success by driving initiatives that enhance employee engagement, motivation, and well-being.

Key Responsibilities:

• Develop and implement a comprehensive compensation strategy that is competitive, equitable, and aligned with the company's overall business objectives.
• Conduct market research and analysis to benchmark compensation packages, including salary structures, bonus programs, and equity plans.
• Develop and maintain compensation policies, guidelines, and procedures.
• Partner with HR leadership and business leaders to ensure alignment of compensation strategies with talent acquisition and retention goals.
• Manage and administer all employee benefit programs, including health insurance, retirement plans, life insurance, and disability insurance.
• Design and implement new benefit plans and programs to meet the evolving needs of employees.
• Manage benefit vendors and relationships to ensure efficient and cost-effective benefit administration.
• Conduct regular benefit program reviews and make recommendations for improvement.
• Conduct regular payroll analysis to identify trends and opportunities for optimization.
• Prepare reports and presentations to provide insights into payroll performance, cost management, and compliance.
• Analyze data to identify potential gaps in payroll strategies and develop solutions to address these gaps.
• Ensure compliance with all applicable local employment laws and regulations related to payroll.
• Stay current on industry best practices and legislative changes related to payroll.
• Proactively identify and address potential compliance risks.
• Collaborate with HR colleagues, business leaders, and other stakeholders to ensure effective implementation and communication of payroll strategies.
• Provide expert advice and guidance to managers and employees on payroll policies and programs.
• Develop and deliver effective training programs on payroll-related topics.

Requirements:

• Bachelor's degree in Human Resources Management, Business Administration, Accounting, or a related field.
• 7+ years of proven experience preferably in a similar industry.
• In-depth knowledge of payroll principles, practices, and regulations.
• Strong analytical, problem-solving, and data interpretation skills.
• Excellent communication, presentation, and interpersonal skills.
• Proficient in payroll software and tools.
• Ability to work independently and as part of a team.
• Strong attention to detail and commitment to accuracy.
• Strong command of Microsoft Office Suite, especially Excel.