Compensation and Benefits Specialist at Tati Consults

Tati Consults specializes in providing bespoke HR consultancy services and solutions to SMEs across Nigeria. Our team has been carefully chosen to ensure we provide you with a complete HR Service, wealth of knowledge and sound advice, spanning all areas of HR and the end-to-end employee lifecycle.

We are recruiting to fill the position below:

Job Title: Compensation and Benefits Specialist

Location: Lagos 
Employment Type: Full-time

Job Summary

• The Compensation and Benefits Specialist is responsible for managing and administering the company’s compensation and benefits programs.
• This role involves evaluating, designing, and implementing competitive and cost-effective compensation and benefits plans that align with the company’s objectives and comply with legal requirements.
• A key function of this role is sound knowledge in payroll administration to ensure accurate and timely compensation to employees.

Key Responsibilities

Compensation Management:

• Develop and implement compensation strategies that attract, motivate, and retain talent.
• Conduct regular salary surveys and benchmarking to ensure competitive pay structures.
• Design and manage job evaluation and classification systems.
• Provide guidance on compensation issues and make recommendations for salary adjustments, promotions, and market adjustments.

Benefits Administration:

• Oversee the administration of employee benefits programs, including health insurance, retirement plans, wellness programs, and other employee perks.
• Evaluate and compare existing benefits with those of other employers by analyzing other plans, surveys, and other sources of information.
• Ensure compliance with legal and regulatory requirements related to employee benefits.
• Coordinate and manage annual benefits enrollment and communication processes.

Payroll Administration:

• Manage and oversee the payroll process to ensure accuracy and compliance with company policies and legal regulations.
• Ensure timely and accurate processing of payroll, including salaries, benefits, taxes, and other deductions.
• Address and resolve payroll-related issues and discrepancies.
• Maintain payroll records and generate reports as required.

Policy Development:

• Develop, review, and update compensation and benefits policies and procedures to ensure compliance and efficiency.
• Communicate policies and procedures to employees and ensure understanding and adherence.

Data Analysis and Reporting:

• Analyze compensation and benefits data to identify trends, issues, and opportunities for improvement.
• Prepare and present reports on compensation and benefits metrics to management.

Qualifications

• Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field.
• Proven experience as a Compensation and Benefits Specialist or similar role.
• Strong knowledge of compensation and benefits principles, best practices, payroll administration, and regulatory requirements.
• Proficiency in HRIS and MS Office (especially Excel).
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and interpersonal skills.
• Ability to handle sensitive and confidential information with discretion.

Preferred Qualifications:

• A degree in a related field.
• Professional certification in compensation and benefits (e.g., CCP, CEBS).
• Experience with compensation and benefits benchmarking and surveys.

Application Closing Date
31st July, 2024.