1 Reward Analyst jobs in the United Arab Emirates
Compensation Analyst
Posted today
Job Viewed
Job Description
In this role, you will play a critical part in ensuring accurate and timely employee compensation while adhering to labor laws and regulations.
This position involves a blend of accounting, administrative, and analytical responsibilities to manage compensation records, taxes, and compliance with relevant laws and regulations.
Key Responsibilities:- Collecting Attendance Data: Gather daily attendance data from various sources, such as bio time systems, electronic timesheets, or attendance records provided by managers or supervisors.
- Validating Attendance: Review and validate attendance records for accuracy and completeness. Check for missing or incorrect entries and verify attendance with managers if necessary.
- Recording Absences: Track absences, such as vacation, sick leave, and other types of leave. Maintain accurate records of these absences, as they may impact salary calculations.
- Checking Availed Leave Entries: Verify attachment and pending absents.
- Regularization of Absents & Wrong Swipe: Regularize any errors or discrepancies in attendance records.
- Preparation of Summary Reports: Prepare reports on unpaid leave and wrong swipes.
- Monitoring Overtime: Monitor and record any overtime worked by employees. Overtime may affect pay rates and overall compensation.
- Adhering to Labor Laws: Ensure that attendance records comply with local labor laws and company policies regarding working hours, breaks, rest days, and other relevant regulations.
- Record Accuracy: Check records and ensure accuracy of ERP Masters.
- Basic Salary: Calculate the basic salary based on the employee's agreed-upon salary rate and hours worked.
- Adjustments: Adjust salary based on attendance records.
- Deductions: Deduct pay for any unapproved absences, late arrivals, or early departures.
- Additions: Add pay for overtime hours, bonuses, or other incentives.
- Uploads: Upload overtime, temporary deductions, and allowances.
- Allowances and Benefits: Include any applicable allowances, such as housing, transportation, or meal allowances, in the salary calculation.
- Deductions: Account for standard deductions, such as taxes, social security contributions, health insurance premiums, and other withholdings, as required by law or company policy.
- Reconciliation: Reconcile payroll data to ensure accuracy and consistency between attendance records and salary calculations.
- Final Salary Calculation & Verification:
- Combine all elements—basic salary, adjustments, allowances, and deductions—to determine the final net salary for each employee.
- Ensure timely preparation of monthly payroll.
- End-of-Service Benefits: Calculate and accrue end-of-service benefits, such as gratuity, based on applicable labor laws and employment contract terms.
- Annual Leave Settlements: Calculate and accrue leave salaries based on applicable labor laws and employment contract terms.
- Leave Passage: Calculate and accrue leave passage amount based on applicable labor laws and employment contract terms.
- Loans & Advances: Record, reconcile, and make disbursements/deductions as per management approvals & instructions
Be The First To Know
About the latest Reward analyst Jobs in United Arab Emirates !