Performance and Rewards Manager at Omnibiz Africa

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
1 year ago

Additional Details

Job ID
118584
Job Views
84

Job Description






Role Overview




  • The Performance, Compensation, and Benefits Manager is responsible for designing, implementing, and managing the organization’s compensation and benefits strategies, as well as overseeing performance management frameworks. 

  • This role ensures that the company attracts, motivates, and retains top talent while maintaining fairness, compliance, and alignment with business objectives.



Key Responsibilities

Performance Management:




  • Develop and implement performance management systems, including appraisal frameworks, KPIs, and feedback processes.

  • Partner with department heads to ensure performance evaluation processes are consistent, fair, and aligned with organizational goals.

  • Analyze performance data to identify trends, support employee development, and address gaps.

  • Train managers and employees on performance evaluation processes and best practices.

  • Ensure the alignment of individual and team goals with business objectives.



Compensation Strategy:




  • Design competitive salary structures based on market trends, internal equity, and company goals.

  • Conduct regular benchmarking and salary surveys to ensure competitive positioning in the market.

  • Develop and manage incentive programs, including bonuses, profit-sharing, and other performance-based rewards.

  • Collaborate with finance to budget and forecast compensation-related costs.



Benefits Administration:




  • Manage and optimize employee benefits programs, including health insurance, retirement plans, and wellness initiatives.

  • Evaluate and negotiate with vendors to secure cost-effective and competitive benefits packages.

  • Monitor industry trends to recommend enhancements to benefits offerings.

  • Communicate benefits programs effectively to employees and address their inquiries.



Compliance and Reporting:




  • Ensure all compensation and benefits programs comply with local labor laws and regulations.

  • Prepare reports and analytics related to compensation, benefits, and performance for senior management.

  • Maintain confidentiality and accuracy of employee data.



Strategic Initiatives:




  • Collaborate with HR leadership on workforce planning, budgeting, and organizational design.

  • Identify opportunities for automation and process improvement in performance, compensation, and benefits management.

  • Lead or support projects related to employee rewards, engagement, and retention.



Qualifications




  • Bachelor’s Degree in Human Resources, Business Administration, Finance, or a related field. A Master’s degree is a plus.

  • Certification in HR or compensation-related fields (e.g., SHRM-CP, CCP, GRP) is preferred.



Experience:




  • 8 - 10 years of experience in HR, with a focus on compensation, benefits, and performance management.

  • Experience in designing and managing salary structures, incentive plans, and employee benefits programs.

  • Strong understanding of performance management systems and tools.



Skills:




  • Analytical mindset with expertise in data analysis and reporting.

  • Strong negotiation and vendor management skills.

  • Excellent communication and interpersonal skills.

  • Ability to balance strategic initiatives with operational tasks.

  • Proficiency in HRIS and payroll systems.



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