Head – Compensation & Benefits 146 views

JOB DESCRIPTION

Job purpose

To design, implement, and ongoing evaluation of the organization’s compensation and benefits programs / frameworks. Ensuring the appropriate planning, running and research of compensation and benefits programmes which will help the business attract and retain top talent. The role also ensures that the compensation and benefits programmes are benchmarked, and relate to global best practices, advance a high performance culture and ensure equity for the achievement of business goals.

Key Responsibilities

• Taking from the main HR strategy, compose compensation & Benefit Plans by category of staff across the board, ensuring appropriate benchmarks across staff categories.
• Facilitate the development of an annual Compensation & Benefits plan covering all key Compensation & Benefits facets (that is Total Gross Pay, Allowances, Performance Based Variable Pay (PBVP), Long term Incentives, Short term Incentives and all other ancillary benefits).
• Takes full responsibility for the Development of the annual compensation & Benefits Budgets for all staff and Executive benefits.
• Sets Equitable Competitive pay structures in line with the Reward Policy.
• Runs pay Structure reviews in line with Company Policy and performance, in view of sustainability, market conditions and benchmarks.
• Tracks compensation ratios to ensure adherence to alignment to desired compensation mix.
• Designs appropriate Incentive Schemes to ensure Performance Based Incentivisation.
• Sets Incentive parameters and guides teams and line managers through compensation differentiation in line with the strategic reward principles.
• Runs Incentive pay analytics in line with business performance to determine appropriate Incentive pay levels annually.
• Collaborates with functions and teams to put in place appropriate recognition programs in the company.
• Ensures appropriate Compensation & Benefits Administration audit trail and records management
• Ensures the development and maintenance of appropriate compensation SOP’s for line managers and teams to follow through in all compensation & benefit related matters.
• Maintains the Job Grading stratification across the Units and for the company.
• Ensures Compensation analytics and metric reporting to inform decision making.
• Managers the Payroll Administration function and ensures appropriate governance & regulation as well as compliance of respective regulatory dues.
• In line with the remuneration policy & strategic focus, establishes appropriate compensation & benefits benchmarks across categories of staff.

Qualification, Skills and Experience

• A University Degree in Business Studies/ Mathematics/ Statistics/ Accounting /Finance is critical.
• A social sciences degree may be considered where a professional numeric qualification for example (ACCA) exists and a minimum of 8 years in Compensation & benefits experience is available.
• A relevant post graduate qualification or equivalent is necessary
• Relevant Post Qualification Certification in Compensation & Benefits Management will be an added advantage.
• A minimum of 2 years Regional exposure is an added advantage.
• Minimum 8 years’ experience in a similar or related environment, having spent a minimum of 4 years in a senior management position.
• Advanced analytical skills with ability to develop models using guiding principles or modify existing models to suit revolving business needs.
• Knowledge of compensation & benefits structuring (locally, regionally & internationally).
• Ability to use HRIMS systems, Microsoft Excel and other spreadsheet applications.
• Ability to develop presentations using Microsoft PowerPoint, for ease communication with stakeholders.