Performance and Rewards Manager at Omnibiz Africa

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
10 days ago

Additional Details

Job ID
118584
Job Views
27

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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