Compensation and Benefit Manager at Genesis Group Nigeria Limited

A Compensation and Benefits (C&B) Manager designs, implements, and manages an organization\'s total rewards strategy—including salary, bonuses, and benefits—to attract and retain talent while ensuring internal equity and external competitiveness. They analyze market trends, ensure compliance with labor laws, manage vendor relationships, and align compensation with business goals. 

Key Responsibilities

• Strategy & Structure: Develop, implement, and maintain salary structures, job grading, and compensation policies.
• Market Benchmarking: Conduct regular salary surveys and market research to ensure competitive pay and benefits.
• Benefits Management: Design, administer, and evaluate benefits programs (e.g., health insurance, retirement plans) for cost-effectiveness.
• Compliance: Ensure all pay and benefit programs comply with local regulations (e.g., ERISA, FLSA, pay equity laws).
• Incentive Planning: Design and manage bonus, commission, and performance-based incentive plans.
• Data Analysis & Reporting: Use HRIS data to monitor turnover, compensation costs, and employee engagement.
• Communication: Clearly communicate reward strategies and policies to employees and leadership. 

Required Skills and Qualifications

• Experience: Proven experience as a Compensation and Benefits Manager, HR Specialist, or similar role.
• Analytical Skills: Strong ability to analyze market trends and complex data sets.
• Knowledge: Deep understanding of HR laws, regulations, and payroll processes.
• Technology: Proficiency with HRIS and Microsoft Excel.
• Certifications: Certified Compensation Professional (CCP) or Certified Employee Benefit Specialist (CEBS) are often preferred. 

Performance Indicators (KPIs)

• Increased employee satisfaction with rewards.
• Reduced turnover rate among top performers.
• Optimized cost-to-payroll ratio.