Compensation and Benefit Manager

Full Time On Premise
Lagos
Posted 3 weeks ago

Key Accountabilities:
Determining Market Rates: Evaluate every position and determine the proper market value for
each job. This can be conducted through salary surveys and statistical analysis to determine what
the market value is for each job.
Compensation and Benefits: Develop and implement a Total Reward strategy, framework and
practices to strengthen a differentiated Employee Value Proposition and enhance company’s
competitive position. Research and compare incentive compensation plans offered by comparable
organizations (in demography and job market); assess competitors’ plans and make
recommendations for enhancements or improvements required to keep the organizations plans
competitive and effective.
Collaboration: Work with HR and other departments to align programs with business strategies
Salary and Benefits Structures & Administration:
 Develop and implement a robust and flexible salary and benefits framework; also, provide
advisory to the Board Remuneration Committee on executive pay, Long Term Incentive Plan etc.
 Maintains knowledge of economic conditions, labor market, and other factors related to
ensuring the organization provides competitive and reasonable benefits and compensation
scales and structures.
 Develops pay systems that are industry competitive and enable management to focus on and
reward individual and group performance.
 Recognition: Acknowledge employee efforts with non-financial rewards
Compensation Surveys: Conduct market intelligence, compensation surveys and benefits
benchmarking, and apply the survey outcomes to implement necessary changes in synergy with
business strategy.
Audits, Reviews & Implementation: Drive quality assurance and performance improvement,
carrying out periodic reviews and audits to improve efficiency and effectiveness of compensation &
Benefits implementation.
Payroll Contributions: Facilitates accurate and timely delivery of employer contributions and
employee payroll deductions to carriers, plan administrators, or other appropriate service providers.
Job Evaluation:

 Drive and implement organizational effectiveness through instituting a job evaluation
framework that is aligned to the compensation, promotion, talent etc. processes.
 Conduct job analysis/evaluation to determine appropriate market pricing; review and approve
salary increases and advise management on compensation actions for employees.
Industry and Regulatory Liaison:
 Lead liaison with all key external stakeholders on pay related matters e.g. ITF, JV partners,
Consultants, etc. to assure regulatory and business compliance in Nigeria/UK.
 Maintain a working knowledge of international, federal, and state legislation influencing
compensation and benefits.
Monitoring Internal Equity & Analytics: Ensure that the pay is equitable internally by checking
not only the internal equity of people with the same job level, but looking across the organization,
taking special note for differences in key diversity indices such as race, gender, and age. The
application of required analytic tools to identify and confirm grounds for any variances.
Manage programs: Manage programs such as deferred compensation plans, variable
compensation plans, health insurance, disability insurance, life insurance, retirement plans and
other company plans and programs. They should also be able to adapt to change and prioritize tasks

Job Features

Job CategoryBusiness and Accounting
Minimum QualificationBachelors Degree
Years Experience10

Apply Online

A valid phone number is required.
A valid email address is required.