Compensation and Benefit Executive

The Concept Group

Unspecified

New

2 days ago

Sector: Financial Services
Location: Yaba, Lagos Nigeria.
Salary Range: 300,00-400,000 net


JOB SUMMARY
The Compensation and Benefits Specialist also known as the Remuneration Specialist, will generally be responsible for overseeing employee compensation and benefits, compensation databases, job descriptions, benchmark compensation as well as annual performance reviews. You will be developing programs that improve the performance, engagement and satisfaction of our employees


DUTIES & RESPONSIBILITIES


 Create consistent compensation guideline that matches our work and organizational culture
 Create and analyze job descriptions evaluations and classifications
 Prepares the compensation and benefits budget, including the regular monitoring, reporting and adjusting of
the budget
 Coordinates C&B processes like salary planning, bonus planning, introduction of new benefits, etc.
 Designs and develops compensation policies/packages based on business goals and strategy
 Analyses different components of the remuneration scheme in the organization and prepares reports about the
internal equity and external competitiveness
 Designs and develops different schemes of variable remuneration (incentive schemes for the Sales
functions, bonus schemes for the Back Office and Enabling functions)
 Conduct salary and labour market research to define benchmarks
 Closely cooperates and manages the relationship with the external compensation consulting company
 Leads and manages compensation projects for the entire organization
 Participates as a team member in strategic projects and initiatives
 Design policies to close gaps in the compensation of employees (introducing internal equity at affordable
costs)
 Trains line managers in the complex usage of different HR and Compensation policies
 Advice top managers in making difficult decisions in the area of compensation, benefits and motivation of
employees
 Conduct periodic audits, prepare and present reports


QUALIFICATIONS/REQUIREMENTS
 Minimum a B.Sc. Human Resources, business administration, finance or a relevant field
 The ideal candidate is expected to have 2-3 years of experience in data analysis.
 Professional certificates in Data Analysis, or Human Resources will give an edge to interested candidate


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