• Application Deadline:
• Position: Compensation Specialist


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA


• Experience 10 years


• Location Lagos


• Job Field Human Resources / HR 
  

JOB DESCRIPTION

• Develop compensation plans that align with the overall objectives of the organization or client.


• Ensure that compensation strategies support business goals and growth.


• Create compensation and benefits programs that attract and retain high-caliber employees.


• Consider competitive pay, incentives, and other perks to enhance employee satisfaction.


• Assess the specific compensation and benefits needs of the client’s business.


• Understand their unique context, industry, and workforce requirements.


• Conduct salary benchmarking by comparing compensation levels with similar organizations.


• Determine competitive pay points for various roles and job grades.


• Develop a clear remuneration philosophy that guides compensation decisions.


• Define principles related to pay equity, performance-based rewards, and fairness.


• Review and redesign the client’s remuneration salary and benefit framework (pay structure).


• Consider factors such as job levels, market data, and internal equity.


• Create pay bands (salary ranges) for different job categories.


• Define steps within each band to accommodate career progression.


• Ensure compliance with legal requirements related to compensation and benefits.


• Good knowledge of labor laws, tax regulations, and reporting obligations.


• Leverage technology and data analysis to identify compensation trends.


• Collaborate with project teams to develop effective solutions based on insights.

REQUIREMENTS:

• Bachelor's degree in Social/Management Sciences, Humanities or a related field; MBA/Masters degree preferred.


• 10 years of work experience as a Compensation Specialist in the oil and gas industry, with a track record of success.


• In-depth knowledge of Compensation best practices, employment legislation, and industry trends.


• Strong interpersonal and communication skills, with the ability to build effective relationships at all levels.


• Excellent leadership and team management capabilities.


• Strategic thinker with the ability to translate business goals into HR initiatives.


• Certification in Human Resources (e.g CIPM SHRM) is a plus.