Compensation and Benefits Specialist at the Concept Group

The Concept Group is a holding company for companies established in 1992. Subsidiaries under the Group include: Rosabon Financial Services – Nigeria Leading Equipment Leasing and Financial Intermediary Company, Concept Nova – Bespoke Enterprise Software Development Company, Percy Aitkins – Bureau De Change.

We are recruiting to fill the position below:

Job Title: Compensation and Benefits Specialist

Location: Lagos
Employment Type: Full-time

Duties & Responsibilities

• Create consistent compensation guideline that matches our work and organizational culture.
• Create and analyze job descriptions evaluations and classifications.
• Prepares the compensation and benefits budget, including the regular monitoring, reporting and adjusting of the budget.
• Coordinates C&B processes like the salary planning, bonus planning, new benefits introduction, etc.
• Designs and develops compensation policies/packages based on business goals and strategy.
• Analyses different components of the remuneration scheme in the organization and prepares reports about the internal equity and external competitiveness.
• Designs and develops different schemes of the variable remuneration (incentive schemes for the Sales functions, bonus schemes for the Back Office and Enabling functions)
• Conduct salary and labor market research to define benchmarks.
• Closely cooperates and manages the relationship with the external compensation consulting company.
• Leads and manages compensation projects for the entire organization.
• Participates as the team member in the strategic projects and initiatives.
• Design policies to close gaps in the compensation of employees (introducing the internal equity at affordable costs).
• Trains line managers in the complex usage of different HR and Compensation policies.
• Advises top managers in taking difficult decisions in the area of compensation, benefits and motivation of employees.
• Conduct periodic audits, prepare and present reports.

Qualifications / Requirements

• Minimum a B.Sc. Human Resources, Business Administration, Finance or a relevant field.
• The ideal candidate is expected to have 1-2 years of experience in data analysis.
• Professional certificates in Data Analysis, or Human Resources will give an edge to interested candidates.

Skills / Competencies:

• Ability to research, compile, and interpret data in a logical format.
• Solid understanding of compensation concepts, including job analysis, market pricing, and total rewards.
• Must be comfortable communicating with a range of internal stakeholders, including senior executives.
• Previous experience with organizational psychology and labour market surveys.
• Adequate knowledge of current labour rules and regulations.
• Familiarity with various types of incentives and benefits.
• Extensive knowledge of HRIS and MS Office.
• Strong quantitative and analytical skills.

Application Closing Date
Not Specified.