An overview of the C&B industry
What does C&B stand for?
C&B (Compensation and Benefit) is remuneration or salary and other monetary or non-monetary benefits that a company pays to employees.
Basically, C&B helps maintain and improve employee motivation. At the same time, C&B benefits employees based on their performance and the value they create for the company.
Who is a C&B specialist?
C&B has become an integral part of many medium and larger businesses today. However, the position of C&B is still quite new, so many people still do not know who the C&B specialist is, what are the duties of the C&B? To better understand this term, you need to look at the basic structure of an HR department, which includes:
- Recruitment: Recruitment department.
- Training & Development: Training and Development Department.
- Compensation & Benefit: The department that pays wages and benefits.
Thus, it can be seen that C&B is a division of the Human Resources department. C&B specialists are often in charge of jobs related to salary, bonus as well as remuneration and welfare policies.
The main role of C&Bs is to calculate employees' salaries, working days, and vacation days based on information provided by the finance - accounting department. These two departments are often closely related and closely related to each other. C&B is often called the "most powerful" department in the company because they will decide your "meal".
What are the core duties of C&B specialists?
Accordingly, C&B professionals must both meet the skills of a human resource manager and have knowledge of the accounting field. In addition, to become a professional C&B specialist, you also need to have communication skills to facilitate exchange of work between departments.
Monitor and evaluate achievements
The first and most important task of C&Bs is to monitor and evaluate the emulation achievements of each member of the company. Through the evaluation table, the C&B specialists will determine the level of reward, discipline and build a monthly salary table.
This assessment will be based on criteria such as work quality, working attitude, and compliance with general regulations of the enterprise. C&B specialists will summarize salary and benefits by monitoring timesheets, leave days, level of rule violations, KPI results of employees by position and rank.
Handling salary recommendations
This is also an important task of C&B specialists in the business. In fact, in the process of signing a labor contract, employees will be fully deployed with information about salary, bonus, remuneration policy, insurance regime, holidays, maternity leave, etc. The person responsible for distributing this information to employees is the C&B specialist. At the same time, the C&B department is also responsible for handling and resolving employees' questions and recommendations about wages and benefits.
Manage and maintain contracts and records
If you wonder what C&B's job is, the answer for you is to manage and maintain employee contracts and records. In addition, C&B specialists also store the health insurance and social insurance payment bills of the company.
This department always ensures reasonable employee welfare policies. In order for the recruitment process to be valid, the C&B specialist must also ensure that the contract is carefully stored and confidential. As a result, companies will limit the leakage of personal information or loss of important files and documents of employees and companies.
Set of reward modes
Some parts in the enterprise play a key role to generate revenue and profit. Therefore, these parts are often received bonuses or commissions. The mission of C & B is to develop a rational bonus regimes and regulations. These regimes and regulations need to ensure the following two criteria:
Ability to create motivation and promote productivity for employees.
Does not affect the revenue and profitability of the company.
In order to meet the criteria and establish a bonus regime / Finance, the C & B specialist need to evaluate and analyze the specific KPI of each employee.
Consulting, supporting leaders
It can be said that C & B's work is quite similar to the financial counselor for companies. In order for enterprises to develop "healthy" and the apparatus of effective operations, C & B experts need to consider limited points in employees' salary, bonus and welfare regime. Through that, C & B will adjust, modify to retain and the spiritual dance of potential personnel.
Employee survey
The mission of C & B is a survey of employee satisfaction levels for companies and jobs. Based on the results of collected, C & B can evaluate the quality of work and adaptability of employees with corporate culture. Since then, C & B and leaders will develop a plan to adjust and amend the rules so that "reasonable love", both effective and effective for companies and employees' needs and desires.
Overall, C&B has become a desirable job for many young people in economic and financial industry. At the same time, this is also a promising job with attractive income at the present time and the future.
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