Compensation Benefits Manager

Job Details Location: LagosEmployment Type: Full timeIndustry: FMCGJob Seniority: ManagerJob Category: Human ResourcesResponsibilitiesEstablish best practices, attract high-quality employees and reduce turnover.Responsibilities include researching employee motives, implementing appealing rewards and tailoring benefit programs based on staff needs.Good knowledge of labor legislation and be familiar with organizational psychology and employee engagement.Design compensation packages and bonus programs that align with the company’s strategic planEnsure salaries and benefits comply with the current legislation about human rights and pay equityIdentify trends and implement new practices to engage and motivate employeesConduct research on employee satisfaction (e.g. using surveys and quantitative data)Renew compensation plans with monetary and non-monetary benefits based on employee needsKeep track of prevailing pay rates and competitive compensation plansDraft job descriptions, job analyses and classificationsStructure compensation in ways that will yield the highest value for the organizationEvaluate and report on the effectiveness of employee benefit programsTrack compensation and benefits benchmarking dataDesired Skills and ExperienceBSc in Human Resources Management, Organizational Psychology, Finance or relevant fieldMaster's degree is a plus10 years experience as a Compensation and Benefits Manager or similar role within an international companyHands-on experience with HRIS or payroll softwareKnowledge of building compensation packages and bonus programs for various departments and seniority levelsExcellent understanding of job evaluation and job analysis systemsGood analytical skillsFamiliarity with labor legislationExperience with employee satisfaction surveys