Compensation & Benefits Manager at WTS Energy

WTS Energy provides recruitment and manpower services for the global oil and gas and energy industries. We supply engineers and consultants to our clients’ projects and operations, and perform employment outsourcing services such as workforce management in oil and gas regions around the world. WTS Energy operates globally with offices in 14 countries and is operational in over 50 countries.

We are recruiting to fill the position below:

Job Title: Compensation & Benefits Manager

Reference: 28659
Location: Lagos, Nigeria

Job Description

• Responsible for managing the strategic planning, design, implementation, maintenance, regulatory compliance, communication, and administration of all compensation and benefits programs consistent with the organization’s human capital objectives.
• Ensure costs associated with compensation and benefits are in line with the organization’s objectives, culture, and philosophy and develop competitive and cost-efficient programs that will assist with employee retention and attract top talent within the Organization.

Determining Market Rates:

• Evaluate every position and determine the proper market value for each job. This can be conducted through salary surveys and statistical analysis to determine what the market value is for each job.

Compensation and Benefits:

• Develop and implement a Total Reward strategy, framework and practices to strengthen a differentiated Employee Value Proposition and enhance company’s competitive position.
• Research and compare incentive compensation plans offered by comparable organizations (in demography and job market); assess competitors plans and make recommendations for enhancements or improvements required to keep the organization’s plans competitive and effective.

Salary and Benefits Structures & Administration:

• Develop and implement a robust and flexible salary and benefits framework; also, provide advisory to the Board Remuneration Committee on executive pay, Long Term Incentive Plan etc.
• Maintains knowledge of economic conditions, labor market, and other factors related to ensuring the organization provides competitive and reasonable benefits and compensation scales and structures.
• Develops pay systems that are industry competitive and enable management to focus on and reward individual and group performance.

Compensation Surveys:

• Conduct market intelligence, compensation surveys and benefits benchmarking, and apply the survey outcomes to implement necessary changes in synergy with business strategy.
• Audits, Reviews & Implementation: Drive quality assurance and performance improvement, carrying out periodic reviews and audits to improve efficiency and effectiveness of compensation & Benefits implementation.

Payroll Contributions:

• Facilitates accurate and timely delivery of employer contributions and employee payroll deductions to carriers, plan administrators, or other appropriate service providers.

Job Evaluation:

• Drive and implement organizational effectiveness through instituting a job evaluation framework that is aligned to the compensation, promotion, talent etc. processes.
• Conduct job analysis / evaluation to determine appropriate market pricing; review and approve salary increases and advise management on compensation actions for employees.

Industry and Regulatory Liaison:

• Lead liaison with all key external stakeholders on pay related matters e.g. ITF, JV partners, Consultants, etc. to assure regulatory and business compliance in Nigeria / UK.
• Maintain a working knowledge of international, federal, and state legislation influencing compensation and benefits.

Monitoring Internal Equity & Analytics:

• Ensure that the pay is equitable internally by checking not only the internal equity of people with the same job level, but looking across the organization, taking special note for differences in key diversity indices such as race, gender, and age. The application of required analytic tools to identify and confirm grounds for any variances.

Manage Programs:

• Manage programs such as deferred compensation plans, variable compensation plans, health insurance, disability insurance, life insurance, retirement plans and other company plans and programs.

Requirements

• B.Sc. in any discipline and full membership of a reputable Professional Body of Compensation
• Minimum of 15 years HR Generalist experience with at least the last 5 years in a specialist Compensation & Benefits role, preferably in the Oil & Gas industry.
• Knowledge, understanding, and application of Federal and State employment & tax laws
• Experience working with standard HR Information systems.

Application Closing Date
Not Specified.