Bonus System Specialist

RedCore is an international business group that creates technological solutions for digital markets. Our products and services cover fintech, marketing, e-commerce, customer service, communications, and regulatory technologies.

We're looking for a Bonus System Specialist

Requirements:

• Experience in development of bonus programs for commercial staff
• Experience in performance management projects
• Skills in taking audits of bonus programs, analysis of its efficiency, preparing audit reports and follow-up implementation of recommendations
• Strong skills in Excel

Will be plus:

• Experience in managing total rewards
• Understanding of KornFerry, Mercer methodology

Soft Skills:

• Communication skills for taking interviews with all levels employees (from specialist to C-level)
• Attention to details
• Critical thinking: looking for proofs, analysis from different points of view
• Writing skills: prepare audits reports with summary and detailed information
• Ability to work autonomously on tasks, demonstrate deep understanding of existing motivation programs

Responsibilities:

Bonus Programs Design & Implementation:
– Design and develop performance-based bonus programs in collaboration -with department Heads and the Compensation Manager.
– Ensure bonus programs are aligned with company goals, employee performance metrics, and industry standards.
– Automate bonus systems to improve efficiency, transparency, and scalability.

Bonus System Optimization:
– Regularly review and optimize bonus programs based on feedback, business performance, and market trends.
– Analyze the effectiveness of current bonus systems, identifying opportunities for improvement to ensure they remain motivating and fair.
– Provide recommendations to ensure bonus structures are competitive and support employee retention and attraction.

Documentation & Communication:
– Create detailed documentation and clear communication materials for employees, explaining bonus eligibility, metrics, and payout structures.
– Work closely with HR and department heads to ensure employees are informed and have easy access to bonus program information.

Collaboration with Stakeholders:
– Collaborate with finance and HR to ensure the timely and accurate payout of bonuses.
– Work with department heads to customize bonus structures that meet specific business unit needs while aligning with company-wide goals.
– Ensure consistent application of bonus-related policies across all departments and locations.

Market Benchmarking & Analysis:
– Stay up-to-date with industry trends and market practices in bonus program design and implementation.
– Benchmark the company’s bonus structures against competitors to ensure competitiveness and cost-effectiveness.

Benefits:

• An exciting and challenging job in a fast-growing business group, the opportunity to be part of a multicultural team of top professionals in Development, Architecture, Management, Operations, Marketing, Legal, Finance, and more.
• Great working atmosphere with passionate experts and leaders, sharing a friendly culture and a success-driven mindset is guaranteed.
• Modern corporate equipment based on macOS or Windows, and additional equipment is provided.
• Paid vacations, sick leave, personal event days, days off.
• Corporate health insurance program for your well-being.
• Referral program - enjoy cooperation with your colleagues and get a bonus.
• Educational programs: regular internal training sessions, compensation for external education, attendance at specialized global conferences.
• Rewards program for mentoring and coaching colleagues.
• In-house Travel Service.
• Multiple internal activities: online platform for employees with quests, gamification, presents, RedCore clubs for movie / book / pets lovers, special office days dedicated to holidays.
• Corporate events, team buildings.