Compensation Specialist

Description

Position Summary: Support the development, implementation, and administration of compensation and benefits programs for Watkins Mexico. Key Highlights: 1. Manage competitive compensation and benefits programs. 2. Ensure internal equity and talent retention. 3. Provide support on compensation policies. **POSITION OBJECTIVE:** Actively collaborate with the Senior Compensation and Benefits Manager in developing, implementing, and administering Watkins Mexico’s compensation and benefits programs, ensuring they are market-competitive, compliant with applicable regulations, and aligned with employees’ needs and expectations. Additionally, participate in the ongoing evaluation and improvement of these programs by proposing initiatives that promote internal equity and talent attraction and retention, as well as providing support to Managers, HRBPs, and employees in interpreting and correctly applying compensation and benefits policies. * Coordinate and execute in detail the job analysis and evaluation process, collaborating with HRBPs to collect accurate information regarding responsibilities, competencies, requirements, and objectives for each position. Thoroughly review Job Descriptions in accordance with internal guidelines, ensuring inclusion of key functions, required profile, performance indicators, and organizational relationships. * Conduct comprehensive analysis and updates of Watkins Mexico’s salary structure, with particular emphasis on hourly personnel considering adjustment factors resulting from the minimum wage increase, ensuring the structure remains competitive, equitable, and compliant with current regulations. * Perform analyses and provide recommendations for lateral moves, new hires, and internal promotions. Develop, implement, and update the internal promotion process as it relates to compensation. * Generate reports in Workday, verifying that compensation data recorded in the system is accurate and up-to-date, in close collaboration with HRIS and HRBP teams, to ensure data integrity and facilitate departmental decision-making. * Actively participate in salary and wage surveys (e.g., AON, Ruiz Morales), gathering detailed and accurate compensation information. Analyze survey results to compare Watkins’ salary levels, benefits, and compensation practices. * Review proper execution and regulatory compliance of various employee benefits, including Savings Fund and Savings Account, Christmas Bonus (Aguinaldo), Vacation Pay and Vacation Premium, Grocery Vouchers, Major Medical Expense Insurance, Life Insurance, and funeral assistance, among other additional benefits the company may offer. * Ensure all benefit administration processes comply with current Mexican labor legislation and align with market best practices. * Collaborate with the Communications Department to develop appropriate communications informing employees about benefits, utilizing various internal channels—from the job offer process and onboarding through their continued employment—ensuring full understanding of available advantages and services. * Collaborate with the Communications Department to develop appropriate communications informing employees about benefits, utilizing various internal channels—from the job offer process and onboarding through their continued employment—ensuring full understanding of available advantages and services. * Collaborate with the Communications Department to develop appropriate communications informing employees about benefits, utilizing various internal channels—from the job offer process and onboarding through their continued employment—ensuring full understanding of available advantages and services. ***This is not an exhaustive list of all position responsibilities. Additional duties may be assigned based on business needs.*** **MINIMUM POSITION REQUIREMENTS:** **EXPERIENCE AND EDUCATION** Bachelor’s degree in Business Administration, Accounting, or related field; with 3–5 years of experience in Compensation and Benefits. **KNOWLEDGE** * General knowledge of C\&B. * Administration of salary structures. * Job evaluation methodology (Job framework). * Benefits administration. * Benchmarking in benefits and compensation. * Knowledge of the Federal Labor Law focused on Benefits and regulations affecting the minimum wage. * Intermediate proficiency in Microsoft Office suite. * Knowledge of Workday (desirable). * TRESS (desirable). **CERTIFICATIONS, LICENSES** N/A. **PROFESSIONAL COMPETENCIES** * Analytical ability. * Effective time management. * Results orientation. * Decision-making at intermediate–low levels. * High level of proactivity. **LANGUAGE SKILL** Intermediate–advanced English. **PHYSICAL REQUIREMENTS AND WORK ENVIRONMENT** **N/A** COMPANY: WATKINS WELLNESS WATMX Mon–Fri 07:00–17:00 (Mexico) Full time*Watkins (the “Company”) is an equal opportunity employer and* *we* *strive to employ the most qualified individuals for every position**.* *The Company makes employment decisions only based on merit. It is the Company’s policy to prohibit discrimination in any employment opportunity (including but not limited to recruitment, employment, promotion, salary increases, benefits, termination and all other terms and conditions of employment) based on race, color, sex, sexual orientation, gender, gender identity, gender expression, genetic information, pregnancy, religious creed, national origin, ancestry, age, physical/mental disability, medical condition, marital/domestic partner status, military and veteran status, height, weight or any other such characteristic protected by federal, state or local law. The Company is committed to complying with all applicable laws providing equal employment opportunities. This commitment applies to all people involved in the operations of the Company regardless of where the employee is located and prohibits unlawful discrimination by any employee of the Company.* *Watkins* *is an E\-Verify employer. E\-Verify is an Internet based system operated by the Department of Homeland Security (DHS) in partnership with the Social Security Administration (SSA) that allows participating employers to electronically verify the employment eligibility of their newly hired employees in the United States.* *E\-Verify Participation Poster:*English \& Spanish *E\-Verify Right to Work Poster:*English \& Spanish