Compensation & Benefits Officer at Alan & Grant

Industry: Technology

Job Summary

• He/ She will define a fair, equitable and competitive total compensation package that fits and is aligned to our company’s strategy and business goals.
• Workforce Planning & Recruitment, Help Desk, ISO Employee Relations & Welfare, On-boarding, Learning & Development, Performance Management, Admin, Finance and Payroll Unit.

Duties & Responsibilities

• Analyse different components of the remuneration scheme in the organization and prepare reports about the internal equity and external competitiveness.
• Conduct benchmark studies on the remuneration packages (salary and retirement plan) within the Travel and Tours industry and related companies who compete for the organization's employees.
• Analyse compensation surveys and recommend compensation strategy and pay structure that supports attraction and retention of different categories of employees to ensure appropriate compensation across all departments.
• Make recommendations to senior management about modifying the organisation’s compensation and benefits packages if necessary and implement the necessary changes based on the company’s philosophy.
• Develop compensation policies - design policies to close gaps in the compensation of employees (introducing the internal equity at affordable costs)
• Prepare the compensation and benefits budget, including the regular monitoring, reporting and adjusting of the budget.
• Redefine the compensation packages for each grade level of the organisation to ensure fair compensation packages.
• Ensure that the organisation’s compensation and benefits packages comply with statutory and regulatory requirements, such as minimum salaries/wages and tax liabilities
• Coordinate efforts between payroll, human resources, budget and other departments to ensure proper flow and maintenance of employee data (including preparation/distribution of detailed reports e.g. leave balances, headcount, and pension contribution reports).
• Establish and maintain employee records to ensure that employee changes are affected correctly and made on a timely basis.
• Pay employees by directing the issuance of payment instructions or electronic transfers to bank accounts.
• Balance the payroll accounts by resolving payroll discrepancies.
• Provide advice on the resolution of classification and salary complaints
• Define and develop a fair, equitable and competitive total compensation package that fits and is aligned to the organisation’s HR strategy and budget.
• Administer all benefits as per HR policy and employee employment contract.
• Compute and advice existing employee’s terminal benefits
• Organize and maintain a variety of highly confidential employment-related records, files, reports and certifications relative to Human Resource functions.
• Maintain both computerised and physical inventory of all employees within the organisation.
• Provide periodic meaningful analytics on the workforce to the Head of HR to support decision making and contribute to HR strategy development.
• Maintain, analyses and/or updates employee databases
• Assist in Planning, organizing and facilitating training and employee’s development.

Requirements

• Minimum of a First Degree in Management, Social Science or any related discipline from a reputable university
• Relevant professional qualification
• Minimum of 3-5 years experience in payroll administration in a medium-sized organisation, including the use of a computerised payroll system
• Good knowledge of the Human Resource function
• Knowledge of Nigerian employment laws and legislation
• Business, Financial acumen & Data Management
• Salary and Benefits Administration, Research and Analysis
• Proficiency in the use of Microsoft packages
• Good oral and written communication skills
• Research and fact-finding ability, Negotiation & Leadership skills.