Necessary skills for Compensation and Benefit Lead: skills and requirements

General requirements of a Compensation and Benefit Lead

• Bachelor’s degree in Human Resources, Business, or related field
• 5+ years of experience in compensation and benefits administration
• Knowledge of human resource laws, regulations, and best practices
• Excellent organizational, analytical, and communication skills
• Ability to develop and implement effective compensation and benefit plans

Skills and Behaviours for a Compensation and Benefit Lead

Compensation & Benefits Management
Compensation & Benefits management Employee Pension Employee Rewards Incentives
Financial accounting
Financial Reporting
HR Systems
HR technology Oracle HCM SAP SuccessFactors
Knowledge of regulatory frameworks
Regulations Statutory Requirements
Payroll Management
Payroll Payroll Administration Payroll Processing
Performance Management
Performance Appraisals Performance Management
Policy & Compliance Management
Company Policies Compliance Management Legal Compliance Policy Control
Analytical thinking
Gathering information and data Identifying cause and effect relationships
Communicating information
Asking the right questions Influencing and persuading others Synthesizing information
Developing others
Coaching others to succeed Enhancing individual and professional development Sharing knowledge, skills and expertise to others
Problem solving
Making fact based decisions to solve problems

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