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.