Posted on :
14 Dec, 2010
14 Dec, 2010
Job Title: Remuneration & Benefits Manager
Company: James Walter Gardner
The Remuneration & Benefits Manager operates within the HCM Shared Services Center, and is primarily responsible for the development and implementation of the Reward Management System (both financial and non-financial rewards) which supports Oando Group business objectives and is aligned to the overall Human Resources Strategy The incumbent is responsible for the formulation & documentation of Remuneration & Benefit policies, processes, procedures and approval framework. Responsible for continuous business improvement where opportunities are identified for the better alignment of current processes and new innovationsThe Remuneration & Benefits Manager oversees the annual salary review exercise including setting annual pay review guidelines and the management of the Board Reward Committee to shape compensation and benefits policies such as market positioning, comparator companies, incentive schemes, and benefits.Provide top management with information on local and global best practice in the area of reward management and proactively recommends changes in line with legislation and/or business strategy.
SPECIFIC DUTIES & RESPONSIBILITIES
Design the reward philosophies, strategies, policies, plans and processes to be used by Oando Group in developing and maintaining its reward systems
Evaluate existing remuneration and benefits and recommend improvements in line with the company business strategy and market developments.
Establish and maintain effective and productive relationships, especially with external colleagues in the HR discipline and the Oil & Gas sector
Establish and annually review Salary Scale by grade to reflect market pay levels and internal relativity of pay
Initiate, prepare and participate in Reward Committee meetings to ensure that all major changes in remuneration and benefits are approved Identify and develop reward service providers and benchmark organizations, that will provide reliable and valid market information as basis for specific reward strategies
Oversee the mapping and designing/re-designing of HR processes (including information processes) in consultation with Process Owners (i.e. Recruitment, Performance Management & OD, Remuneration and Benefits, Career/training/ succession planning, Employee Relations) and IT with the view to identify continuous business improvement initiatives. Ensure alignment to Oracle HR
Continuous and effective review of HR processes, procedures, forms and systems.
Design and run appropriate educational remuneration workshops to ensure transparency and understanding of remuneration and benefits related practices and systems
Lead the development of reward management capabilities across the company – HR managers, Line managers, employees, decision makers
Source appropriate and quality remuneration and benefits data.
Utilize various communication channels to ensure understanding of remuneration matters across the company
Oversee the effective delivery of remuneration and benefits across the company – this includes:
o Salary Administration & Management
o Retirement Benefit Schemes
o Incentive Schemes
o Medical Benefit Schemes
o Employee related Insurance Schemes
o 3rd party Personal Finance Products
Implement and sustain non monetary recognition arrangements which will create and embed a culture of recognition.
Overall responsibility for ensuring effective procedures and processes are in place to enforce data integrity/accuracy to deliver timely and qualitative MIS reports and queries
Oversee the development and continuous update of key company information manuals
o Employee Handbook5.
KEY PERFORMANCE INDICATORS
Internal & External Pay equity
Internal customer satisfaction levels
Reward management capabilities across the company
Continuous improvement of Group benefits best practice and benefits strategy.
QUALIFICATIONS & EXPERIENCE
Good University Degree. Additional certification in Human Resources Management or Business Administration is desirable. 6 years minimum experience in Remuneration & Benefits practice in an Oil & Gas or multinational firm with broad knowledge of HRM practices & principles.
KNOWLEDGE & SKILLS REQUIRED
Ability to design and manage pay & benefits systems Conceptual understanding of market survey techniques; ability to conduct and interpret compensation surveys; Ability to work with numerical & graphical data; understanding of statistics. Excellent working knowledge of JE Manager and HAY evaluation method and understanding of other alternative approaches to job evaluation. Good understanding of the Oando business and of Oil & Gas industry in general; Good knowledge of the Nigeria Labor market, particularly Oil & Gas sector; Strong analytical skills. Ability to work with extremely confidential & sensitive data. Good interpersonal and communication skills. Strong influencing skills; ability to influence employees & management at all levels including the Group Leadership Council. Good resource management & project management skills. Good computer skills (esp. Excel)
E-mail: [email protected]