
Compensation and Benefits Professional
6 days ago
Coats is a global leader in industrial threads. With operations across six continents, the company has a workforce of 17,000 people.
The company's innovative culture and pioneering history enable it to lead the way in various industries, including apparel and footwear.
Coats provides complementary and value-added products, services, and software solutions to its clients.
Job DescriptionThis role involves executing wages and benefits payments for employees in accordance with laws and company wage policies.
- Key Responsibilities:
- Collect and process timesheet data to ensure timely and accurate payroll transactions.
- Calculate wages, benefits, tax deductions, overtime, severance, and notice payments.
- Maintain payroll records, prepare financial reports, and conduct payroll reconciliations.
- Manage payroll transactions for both white and blue-collar employees.
- Ensure compliance with labor laws, government incentives, and legal regulations.
- Conduct wage market research and ensure competitive salary structures.
- Prepare the annual labor cost budget and track variances.
- Organize salary increases, bonuses, incentive schemes, and other benefits.
- Monitor and invoice benefits provided to employees.
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