Compensation Specialist needed at Jake Riley Limited
Job title : Compensation Specialist
Job Location : Lagos
Deadline : June 06, 2024
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JOB DESCRIPTION
- Develop compensation plans that align with the overall objectives of the organization or client.
- Ensure that compensation strategies support business goals and growth.
- Create compensation and benefits programs that attract and retain high-caliber employees.
- Consider competitive pay, incentives, and other perks to enhance employee satisfaction.
- Assess the specific compensation and benefits needs of the client’s business.
- Understand their unique context, industry, and workforce requirements.
- Conduct salary benchmarking by comparing compensation levels with similar organizations.
- Determine competitive pay points for various roles and job grades.
- Develop a clear remuneration philosophy that guides compensation decisions.
- Define principles related to pay equity, performance-based rewards, and fairness.
- Review and redesign the client’s remuneration salary and benefit framework (pay structure).
- Consider factors such as job levels, market data, and internal equity.
- Create pay bands (salary ranges) for different job categories.
- Define steps within each band to accommodate career progression.
- Ensure compliance with legal requirements related to compensation and benefits.
- Good knowledge of labor laws, tax regulations, and reporting obligations.
- Leverage technology and data analysis to identify compensation trends.
- Collaborate with project teams to develop effective solutions based on insights.
REQUIREMENTS:
- Bachelor’s degree in Social/Management Sciences, Humanities or a related field; MBA/Masters degree preferred.
- 10 years of work experience as a Compensation Specialist in the oil and gas industry, with a track record of success.
- In-depth knowledge of Compensation best practices, employment legislation, and industry trends.
- Strong interpersonal and communication skills, with the ability to build effective relationships at all levels.
- Excellent leadership and team management capabilities.
- Strategic thinker with the ability to translate business goals into HR initiatives.
- Certification in Human Resources (e.g CIPM SHRM) is a plus.
How to Apply for this Offer
Qualified applicants should send their CVs to hr@jakeriley.org, using the job title as the subject of the mail.
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