Compensation & Rewards Specialist at Ikeja Electricity Distribution Company

Reporting To: Total Rewards Lead

Role Purpose

• To provide support to the business in the field of compensation, benefits and payroll administration and also assist the Rewards Unit in various projects to deliver on business objectives.

Responsibilities

• Implement rewards strategies, including compensation, benefits, retirement, engagement and other work experience programmes that are cost effective and consistent with market trends and Company objectives
• Advise on state employment regulations which have an impact on benefits policies and suggest appropriate measures.
• Support in the preparation of budget and plan for all compensation related activities.
• Implement and manage salary classification and compensation programmes.
• Define a fair, equitable and competitive total compensation and benefits package that fits and is aligned to our company’s strategy and business goals
• Develop a consistent compensation philosophy in line with work culture and organisational objectives
• Review all payroll related inputs into the payroll system and check for accuracy.
• Coordinate the processing, remittance and reconciliation of all payroll related statutory liabilities (PAYE, NSITF, Pension, Group Life) to ensure compliance with all payroll related tax laws and regulations.
• Communicate all reward practices within the organization to employees.
• Prepare PAYE audit support data for external auditor’s use.
• Be responsible for timely incentive payments.
• Supporting several projects such as job evaluations and re-grading etc.
• Coordinate the processing, remittance and reconciliation of all payroll related statutory liabilities (PAYE, NSITF, Pension, Group Life) to ensure compliance with all payroll related tax laws and regulations.
• Manage employee welfare schemes in order to encourage retention.
• Comply with Quality Management System / Operational Health & System requirements including objectives and applicable regulations relating to assigned jobs.
• Assist in Carry out any other duties as requested by the Head of Department.

Requirements
Minimum Qualifications:

• First degree in a Social Sciences course or any relevant field.
• Minimum 6 - 8 years field experience in Human Resources management.
• Professional qualifications in Human Resources will be an advantage.

Technical Competencies:

• Proficiency in Microsoft office suite (Word, Excel, PowerPoint, Access) Planning and Organizing skill Understand HR practices and compensation cycle management. Analytical skills. Ability to maintain confidentiality
• Proficiency in Microsoft office suite (Word, Excel, PowerPoint, Access)
• Planning and Organizing skill
• Understand HR practices and compensation cycle management.
• Analytical skills.
• Ability to maintain confidentiality.

Behavioral Competencies:

• Ability to work under pressure and multi task effectively
• Attention to Detail.
• Persuasive.
• Problem Sensitivity.
• Good Verbal communication & interpersonal Skills.