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Seniority (Human resources)
© Fuzu Ltd
Cormart Nigeria Limited
Manufacturing
Description
Requirements
- Bachelor’s degree in Human Resources, Finance, or related field (Master’s degree is an advantage)
- Professional certification (e.g., CIPM, SHRM, SPHRi) is desirable
- 5–8+ years of experience in compensation and benefits or total rewards function
- Strong analytical skills and proficiency in HR analytics tools and Excel
- Experience in designing reward structures in a corporate or multi-business environment
Responsibilities
Compensation Management
- Design and maintain competitive salary structures and grading systems.
- Conduct regular market benchmarking and salary surveys to ensure external competitiveness.
- Manage annual salary review, increment, and promotion cycles.
- Ensure internal pay equity and adherence to organisational policies and budgets.
- Oversee all employee benefits programs including health insurance, pension, leave policies, wellness programs, and other perks.
- Evaluate and manage relationships with third-party benefits providers.
- Continuously assess and improve benefits offerings to enhance employee experience and retention.
- Design and implement short-term and long-term incentive plans (bonuses, commissions, performance pay).
- Partner with business leaders to align reward structures with performance outcomes and KPIs.
- Ensure transparency, fairness, and consistency in incentive calculations and payouts.
- Develop and maintain compensation and benefits policies in line with legal requirements and best practices.
- Ensure compliance with labour laws, tax regulations, and internal governance standards.
- Provide advisory support to management on reward-related decisions.
- Analyse compensation and benefits data to provide insights and recommendations.
- Prepare regular reports on reward spend, trends, and effectiveness.
- Support workforce planning and budgeting with reward-related analytics.
- Collaborate with HR Business Partners, Finance, and business leaders on reward strategies.
- Communicate reward policies and programs clearly to employees and management.
- Lead reward-related employee education and engagement initiatives.
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