Compensation and Benefits Specialist at the Concept Group Full Time

Job Title: Compensation and Benefits Specialist

Location: Yaba, Lagos
Employment Type: Full-time

Job Summary

• The Compensation and Benefits Specialist also known as Remuneration Specialists, will generally be responsible for overseeing employee compensation and benefits, compensation databases, job descriptions, benchmark compensation as well as annual performance reviews.
• You will be developing programs that improve performance, engagement and satisfaction of our employees.

Duties & Responsibilities

• Create consistent compensation guideline that matches our work and organizational culture
• Create and analyze job descriptions evaluations and classifications
• Prepares the compensation and benefits budget, including the regular monitoring, reporting and adjusting of the budget
• Coordinates C&B processes like the salary planning, bonus planning, new benefits introduction, etc.
• Designs and develops compensation policies/packages based on business goals and strategy
• Analyses different components of the remuneration scheme in the organization and prepares reports about the internal equity and external competitiveness
• Designs and develops different schemes of the variable remuneration (incentive schemes for the Sales functions, bonus schemes for the Back Office and Enabling functions)
• Conduct salary and labor market research to define benchmarks
• Closely cooperates and manages the relationship with the external compensation consulting company
• Leads and manages compensation projects for the entire organization
• Participates as the team member in the strategic projects and initiatives
• Design policies to close gaps in the compensation of employees (introducing the internal equity at affordable costs)
• Trains line managers in the complex usage of different HR and Compensation policies
• Advices top managers in taking difficult decisions in the area of compensation, benefits and motivation of employees
• Conduct periodic audits, prepare and present reports

Qualifications / Requirements

• Minimum of B.Sc in Human Resources, Business Administration, Finance or any relevant field
• The ideal candidate is expected to have 1-2 years of experience in data analysis.
• Professional certificates in Data Analysis, or Human Resources will give an edge to interested candidates.

Skills / Competencies:

• Ability to research, compile, and interpret data in a logical format.
• Solid understanding of compensation concepts, including job analysis, market pricing, and total rewards.
• Must be comfortable communicating with a range of internal stakeholders, including senior executives
• Previous experience with organisational psychology and labour market surveys
• Adequate knowledge of current labour rules and regulations
• Familiarity with various types of incentives and benefits
• Extensive knowledge of HRIS and MS Office
• Strong quantitative and analytical skills

Application Closing Date
2nd June, 2023.

How to Apply
Interested and qualified candidates should send their Applications to: [email protected] using the Job Title as the subject of the email.