What is a Compensation Benefit Associate doing? Job description and responsibilities

What does a Compensation Benefit Associate do?

The Compensation & Benefits Associate is responsible for providing a comprehensive benefits program and services to employees. This position is a key role in providing support to the Human Resources team and will be responsible for program management, data entry and analysis, compliance and administration of the company’s employee benefits. The successful candidate will possess excellent organizational skills and ability to multi-task, along with a comprehensive knowledge of benefits and compensation programs.

Responsibilities of Compensation Benefit Associate

1. Develop and maintain compensation plans, policies, and procedures that are compliant with applicable laws and regulations.

2. Analyze and evaluate compensation data to ensure accuracy and alignment with corporate goals and objectives.

3. Research and develop salary surveys and participate in benchmarking studies to ensure competitive market positioning.

4. Administer benefit programs including health, dental, vision, life, disability, and retirement plans.

5. Manage annual open enrollment process and enroll employees in appropriate benefit plans.

6. Respond to employee inquiries regarding benefits and compensation policies and procedures.

7. Prepare reports and analyses of employee benefit and compensation data.

8. Work with outside vendors to ensure compliance with benefit plans and regulatory requirements.

9. Develop and administer incentive plans and bonus programs.

10. Maintain accurate records and files of all benefit and compensation related documents.