Team Lead Compensation and Benefits
Team Lead Compensation and Benefits
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Job Description
Oversee the design implementation and management of the Bank s compensation and benefits programs including salary structures incentive plans and fringe benefits.
Lead the payroll function to ensure timely and accurate payment of staff salaries allowances and benefits.
Develop and manage benefits plans (medical retirement life insurance etc.) in line with organizational strategy and staff needs.
Ensure compliance with statutory requirements relating to payroll pensions and benefits including PAYE NHF and pension contributions.
Conduct benchmarking exercises and compensation surveys to ensure the Bank s pay structure remains competitive within the industry.
Collaborate with the HRIS team to maintain accurate payroll and benefits records ensuring alignment with promotions transfers terminations and other HR changes.
Handle complex compensation and benefits queries and provide expert advice on employee compensation.
Develop and manage the Bank s rewards and recognition programs to enhance employee engagement and retention.
Monitor compensation budget and ensure adherence to approved expenditure limits.
Lead the preparation and submission of monthly quarterly and annual compensation reports to management.
Develop compensation and benefits training for HR teams and employees ensuring an understanding of the policies and plans in place.
Requirements
JOB REQUIREMENTS
First degree in any discipline; professional certifications in Compensation & Benefits (e.g. CIPD SHRM CCP) is an added advantage.
Employment Type
Full Time
