• Application Deadline: Mon, 30 Dec 2024 00:00:00 GMT
• Position: Compensations and Benefits Specialist


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 4 - 10 years


• Location Lagos


• Job Field Human Resources / HR 
  

Job Summary:

The Compensation and Benefits Specialist is responsible for managing and administering the company’s compensation and benefits programs. This role involves evaluating, designing, and implementing competitive and cost-effective compensation and benefits plans that align with the company’s objectives and comply with legal requirements. A key function of this role is sound knowledge in payroll administration to ensure accurate and timely compensation to employees.

Key Responsibilities:

Compensation Management:

•   Develop and implement compensation strategies that attract, motivate, and retain talent.


• Conduct regular salary surveys and benchmarking to ensure competitive pay structures.


• Design and manage job evaluation and classification systems.


• Provide guidance on compensation issues and make recommendations for salary adjustments, promotions, and market adjustments.

Benefits Administration:

• Oversee the administration of employee benefits programs, including health insurance, retirement plans, wellness programs, and other employee perks.


• Evaluate and compare existing benefits with those of other employers by analyzing other plans, surveys, and other sources of information.


• Ensure compliance with legal and regulatory requirements related to employee benefits.


• Coordinate and manage annual benefits enrollment and communication processes.

Payroll Administration:

• Manage and oversee the payroll process to ensure accuracy and compliance with company policies and legal regulations.


• Ensure timely and accurate processing of payroll, including salaries, benefits, taxes, and other deductions.


• Address and resolve payroll-related issues and discrepancies.


• Maintain payroll records and generate reports as required.

Policy Development:

• Develop, review, and update compensation and benefits policies and procedures to ensure compliance and efficiency.


• Communicate policies and procedures to employees and ensure understanding and adherence.

Data Analysis and Reporting:

• Analyze compensation and benefits data to identify trends, issues, and opportunities for improvement.


• Prepare and present reports on compensation and benefits metrics to management.

Qualifications:

• Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field.


• Proven experience as a Compensation and Benefits Specialist or similar role.


• Strong knowledge of compensation and benefits principles, best practices, payroll administration, and regulatory requirements.


• Proficiency in HRIS and MS Office (especially Excel).


• Excellent analytical, problem-solving, and decision-making skills.


• Strong communication and interpersonal skills.


• Ability to handle sensitive and confidential information with discretion.

Preferred Qualifications:

• A degree in a related field.


• Professional certification in compensation and benefits (e.g., CCP, CEBS).


• Experience with compensation and benefits benchmarking and surveys.