What is C&B? C&B roles and job descriptions in businesses

The C&B department is always focused on by businesses during the operation and development process. So what is C&B ? What are the main roles and tasks of C&B in the business? The following article from 1C Vietnam will help units answer the above questions in detail.

1. What is C&B?

C&B stands for Compensation & Benefits, roughly translated as "Salary and benefits". This is the department responsible for all decisions on salaries, bonuses and benefits of employees in the company.

C&B's purpose for businesses is to ensure that employees are paid and receive benefits worthy of their efforts and contributions. The department also plays an important role in attracting, retaining and developing talent for the business.

2. The role of the C&B department in the organization

After clearly understanding what the C&B concept is, the next issue that many businesses pay attention to is the role of the C&B department in the organization. For companies, C&B is the bridge between business activities and market goals. The C&B department is responsible for analyzing and measuring the company's value and converting it into appropriate compensation and benefit policies.

Specifically, C&B will coordinate with the board of directors to build a periodic benefit system to increase productivity and encourage employees to successfully complete their tasks. Payment methods for employees are built in two forms:

• Finance: includes direct sources of money (salaries, bonuses, commissions) and indirect sources of money (insurance, allowances, benefits).
• Non-financial: includes office culture, professional working environment, clear promotion path.

3. Describe the job of C&B in the enterprise

Regarding work, the C&B department is responsible for all issues related to salaries, bonuses, allowances and other employee benefits, specifically:

3.1. Report personnel situation as required

The C&B department is responsible for reporting human resources situation periodically weekly, monthly, quarterly and annually. The report includes information about personnel changes, turnover rate, performance of each employee, average salary,...

This information is an important foundation to help the Head of Human Resources and the Board of Directors make decisions on compensation and benefit policies to retain talent and reduce the turnover rate of employees.

3.2. Promulgate and adjust annual salary and bonus policies

C&B employees play an important role in building and adjusting salary policies for businesses, with the following tasks:

• Advise the board of directors on salary policies consistent with the market orientation and development strategy of the business.
• Research and propose adjustments to the company's annual salary scale to be consistent with the regional minimum wage of the Labor Code.
• Re-register the salary scale with the local Labor Management Agency to ensure compliance with the law and workers' rights.

These jobs contribute to creating a competitive salary policy, attracting and retaining talent for the business.

3.3. Enter and manage employee data

The most important task of C&B staff is to enter and manage human resources data (Data HR). Data HR is a list of company employee information, including full personal information, contact information, working days, employee code, contract type, promotion roadmap,... and some other information. Other information depends on the specific regulations of each company.

This data will be received by the C&B team from the recruitment department and manually entered into excel files or other software. After that, C&B will continue to maintain and update other information as employees work.

3.4. Management related to social insurance and personal income tax

C&B is the department that ensures employees' rights through work related to social security and insurance policies. Specifically, C&B employees are responsible for calculating personal income tax, social insurance, health insurance, unemployment insurance,... as well as other benefits such as vacation and leave. holidays, salary increases, etc. This job requires accuracy, detail and timeliness to ensure employees receive full benefits.

3.5. Calculate and pay salaries to employees

C&B bases on the salary table, bonus and seniority of each employee to calculate and pay salaries. This work is mainly supported by software, helping to limit subjective human intervention and avoid negativity. However, if the company has a complex salary policy, C&B staff may have to perform manual operations with Excel.

After calculating salaries, the C&B department needs to send salary slips to employees manually or by software. Next, C&B needs to get feedback from employees and resolve errors (if any). Finally, C&B needs to coordinate with relevant departments to satisfactorily resolve the issue as soon as possible.

Thus, the article has shared in detail what the concept of C&B is as well as specifically described the main role and work of this department in the enterprise. In addition, businesses can use support software such as 1C:Company Management as an effective tool to help increase operational productivity, effectively manage human resources, and automatically calculate salaries accurately and flexibly. Contact 1C Vietnam today to receive consulting support on suitable automated operations management solutions for businesses!