4 weeks ago
Job title : Compensation and Benefit Executive
Job Location : Lagos
Deadline : October 08, 2024
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Key Responsibilities
Compensation And Benefits Management
- Develop policies and procedures to support the compensation and benefits function
- Prepare and deploy periodic compensation activities such as incentives, benefits, and other statutory obligations) every month and ensure all employees are paid promptly and accurately
- Work with the Compensation and Benefits Manager to ensure cross-checking and reviews of figures before payment of compensations and benefits to ensure accuracy
- Manage the process of gathering HR data for the organization’s balanced scorecard
- Ensure compensation and benefits standards comply with company policies.
- Conduct and participate in market and salary surveys
- Monitor reviews of compensation and benefits packages to maintain market positioning.
Payroll Management
- Ensure effective management of payroll processes
- Prepare and deploy payroll activities every month and ensure all employees’ salaries, benefits, and allowances are paid promptly and correctly for business divisions
- Ensure preparation of payroll scheduling i.e. payroll report, Variance, statutory/voluntary deduction report, etc.
- Provide detailed payroll report which entails total staff costs monthly, quarterly and annual for strategic decisions
- Compile summaries of earnings & deductions (Taxes, Pension, NHF, Loan, Leave, Gratuity, etc.) and all statutory schedules/remittances for the report and ensure payment accordingly
- Ensure compensation reviews based on classification or reclassification of jobs, promotions, etc.
- Prepare payroll journal which will be sent to the senior management for review monthly
- Prepare Pension Remittance Report, Tax Remittance Report, and Re-reimbursable report, Statutory deduction report i.e. NHF, NSITF, and any other report as indicated in the payroll activities for each month
- Resolve all payroll inquiries including suspended salaries and allowances, returned salaries, refunds, tax issues, etc.
Human Resource Information Management
- Ensure the payroll inputs are accurately verified before sharing the data with the Compensation and Benefits Manager correctly input the data into the Human Resources Information System
- Effectively and efficiently manage the Human Resources Information System (HRIS)
- Create workshops to sensitize employees on how to utilize the Employee Self Service on the HRIS
- Resolve complaints employees may have in navigating the portal
Operational/Administrative Functions
- Work with cross-functional teams such as Internal Control, Finance, and Business Managers to ensure an effective payroll process
- Collate names of staff nominated for internal training and share for approval with the Compensation and Benefits Manager
- Ensure staff files are accurately stored
- Ensure all due correspondences, memos, reports, and certificates are tracked in each employee’s files
- Vet all medical reimbursement records and share them with the Compensation and Benefits Manager for review
How to Apply for this Offer
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