Compensation and benefits officer job description philippines

What is the role of compensation and benefits officer in the Philippines?
This position is responsible for managing compensation and benefits programs of the company and ensures that such programs are in compliance with Philippine labor laws..

As a Human Resource Officer, you will be closely working with Compensation and Benefits, Employee Relations, Discipline, and Performance Management facets of

Compensation and Benefits Officer Monitors government regulations to ensure government-mandated benefits such as SSS, Philhealth, Pagibig, Philhealth, etc.

What does a HR compensation & benefits specialist do?

Liaise with government agencies to ensure statutory compliance; Ensures compliance to compensation practices set forth by law and by the company; Develop and implement employee wellness programs.
Good working knowledge of the Labor Code and Labor standards.
What job descriptions are similar to HR Compensation & Benefits Specialist? .

What is the job information of compensation and benefits officer?

I/ Job information of compensation and benefits (C&B) officer 1.
Job tile:

2.
Job Code:3.
Department:4.
Report to:5.
Job purpose:II/ Key tasks of compensation and benefits officer 1.
HR Admin Support & Contracted staff Controlling:Assist HR Dept. in personnel administration to ensure providing respective HRAM timely support.

Who regulates the benefits and compensation policy in the Philippines?

The Department of Labor and Employment (DOLE) regulates the benefits and compensation policy in the Philippines.
This government agency follows the rules stated in the Labor Code of the Philippines – an all-encompassing legal code intended to protect the workers in the country.

Why is employee compensation important in the Philippines?

An imperative for any company in the Philippines is a substantial benefit and compensation package for each employee.
It is one way of ensuring the growth of their workers and guarantees the company’s compliance with the employee policies of the country.

What compensation & benefits do Filipino employees get?

However, Philippine laws grant fair compensations and benefits to all types of employees regardless of different factors such as those previously mentioned

Among these compensations and benefits are minimum wages, which includes the 13th-month pay, health and insurance benefits, and holiday pays

×Responsibilities of a compensation and benefits job in the Philippines may include:

Processing government benefits such as Social Security, Philhealth and Home Mutual Development Fund.
Computing benefits reimbursement of SSS (maternity and sickness) benefits.
Preparing confirmation letter for newly regularized associates (R&F).
Preparing and computing payroll of Rank and File associates.
Ensuring accurate implementation of HRIS.
Preparing periodic reports to government institutions.
Administering employee benefits and services (statutory and company driven).
Liaising with government agencies to ensure statutory compliance.
Overseeing and managing employee attendance / timekeeping.
Ensuring compliance to compensation practices set forth by law and by the company.
Evaluating and negotiating with service providers (e.g. HMOs, private insurance companies).
Assuming responsibility of timely payment of required government monthly premiums.
Managing enrollment, cancellation and determining employee eligibility for the different company benefits.
Preparing the compensation and benefits budget, including the regular monitoring, reporting and adjusting of the budget.
Coordinating C&B processes like the salary planning, bonus planning, new benefits introduction, etc.
Designing and developing compensation policies.
Defining a fair, equitable and competitive total compensation and benefits package.
Developing a consistent compensation philosophy.
Ensuring that compensation practices are in compliance with current legislation.