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Compensation and Benefits Specialist

Executive Office

Lagos

Job Description

DUTIES & RESPONSIBILITIES

Compensation and Benefits Specialist

 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 the salary planning, bonus planning, new benefits introduction, 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 the variable remuneration (incentive schemes for the Sales

functions, bonus schemes for the Back Office and Enabling functions)

 Conduct salary and labor 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 the team member in the strategic projects and initiatives

 Design policies to close gaps in the compensation of employees (introducing the internal equity at affordable

costs)

 Trains line managers in the complex usage of different HR and Compensation policies

 Advices top managers in taking 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 1-2 years of experience in data analysis.
 Professional certificates in Data Analysis, or Human Resources will give an edge to interested candidates.

Skills / Competencies

 Ability to research, compile, and interpret data in a logical format.

 Solid understanding of compensation concepts, including job analysis, market pricing, and total rewards.

 Must be comfortable communicating with a range of internal stakeholders, including senior executives

 Previous experience with organizational psychology and labour market surveys

 Adequate knowledge of current labour rules and regulations

 Familiarity with various types of incentives and benefits

 Extensive knowledge of HRIS and MS Office

 Strong quantitative and analytical skills

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