Compensation & Allowances Consultant

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What is Compensation & Allowances Consultant?

Compensation & Allowances Consultant plan, direct or coordinate compensation and benefits for a company. He is responsible for designing, developing, implementing and managing salaries, bonuses, and benefit packages for employees of a company.

Minimum education level

PT3

SPM

STPM

Diploma

Degree

Average Salary

RM3100 - RM 4200

Example of a Job Position

Business Manager

Director of Compensation

Compensation Manager

Company Supervisor

Compensation Director

Director of Human Resources

Office Manager

Compensation manager

Benefit and Compensation Staff

Benefits and Compensation Manager

Task

? Designing, evaluating and modifying allowance policies to ensure that the benefits program is fair, in accordance with the present, satisfying employees, and fulfilling legal requirements ? Analyze compensation policies, government regulations and prevailing wage levels, to make compensation programs that satisfy employees ? Meet all report requirements from government regulations ? Prepare and disseminate written and oral information, to inform employees about profit policies, compensation policies, and employee policies ? Managing, directing and reviewing employee benefit programs, including the integration of benefits programs, if there are mergers and acquisitions of companies ? Identify and implement benefits to improve the quality of life of employees, collaborate with brokers, and research benefits issues

Knowledge

Mathematics

Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Customer and Personal Services

Knowledge of principles and processes to provide services for customers and personal. This includes assessing customer needs, meeting service quality standards, and evaluating customer satisfaction.

Administration and Management

Knowledge of business and management principles including strategic planning, resource allocation, human resource modeling, leadership techniques, production methods, and coordination between people and resources.

English

Knowledge of the structure and content of English, including the meaning and spelling of each word, composition rules, and grammar.

Law and Governance

Knowledge of laws, legal rules, court procedures, precedents, government regulations, executive orders, institutional rules, and democratic political processes.

Economics and Accounting

Knowledge of economic and accounting principles and practices, financial markets, banking, and financial data analysis and reports.

Personnel and Human Resources

Knowledge of principles and procedures in recruiting personnel, selection, training, compensation and benefits, worker relations and negotiations, as well as personnel information systems.

Skills

Active Listening

Give full attention to the words of others, set aside time to understand the points presented, ask questions appropriately, and not interrupt at the wrong time

Talking

Talk to others to convey information effectively

Critical Thinking

Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to the problems handled

Consideration and Decision Making

Consider the shortcomings and advantages of potential action choices to choose the most appropriate action.

Reading Understanding

Understand sentences and paragraphs written in work documents.

Personnel Resource Management

Motivate, develop, direct staff while working, and identify the best people for the job.

Time Management

Set personal time with other people's time

Capability

1
Oral Expression - The ability to communicate information and ideas when speaking, so that others can understand what is being conveyed
2
Speaking Clarity - The ability to speak clearly so that others can understand what is being said
3
Written Expression - The ability to communicate information and ideas in writing so that others can understand
4
Oral Understanding - The ability to listen and understand information and ideas conveyed through words and oral sentences
5
Problem Sensitivity - The ability to tell when something is wrong or maybe wrong. This does not involve solving the problem, only knowing if there is a problem.
6
Written Understanding - Ability to read and understand information and ideas conveyed through writing