Compensation & Benefits Specialist

• Manage payroll process for every pay cycle or period.
  
• Ensure Gracetech Group's compensation practices are in compliance with current and relevant laws, regulations, best practices as well as Company policies.
• Collaborate with HR leadership and management to develop strategic compensation plans that align with the organization's business objectives and support talent retention and attraction.
• Conduct research and market analysis to determine competitive salary ranges and compensation packages for various job roles within the Gracetech Group.
• Integrate compensation and benefits with Gracetech Group's performance management process to link employee performance with rewards effectively.
• Coordinate compensation and benefits processes like salary planning, bonus planning, new benefits introduction, etc
• The role holder is expected to collaborate with Finance and Human Resource teams to develop and manage the compensation and benefits budget effectively.
• Liaise with Payroll service providers in the preparation of payroll and statutory filing requirements.
• Maintain and update employee payroll records, including tax and benefit deductions.
• Prepare and file payroll-related tax reports in accordance with local laws and regulations
• Conduct regular audits of payroll systems to ensure compliance with legal and regulatory requirements.
• Manages existing relationships with payroll, accounting, and benefits service providers.
• Reconciliation of PAYE, Pension, and other statutory remittances with respective Payroll providers
• Responsible for ensuring full data integrity and confidentiality.
• Manage and resolve any payroll-related issues or disputes.
• Ensure compliance with all relevant laws, regulations, and policies related to payroll and employee benefits.
• Communicate effectively with employees and management regarding payroll issues, benefits, and policies.
• Stay up-to-date on changes to local payroll laws and regulations and ensure compliance.
• Utilize People information systems to maintain accurate records of compensation and benefits data
• Evaluate job positions and establish appropriate salary grades or pay scales based on job responsibilities, qualifications, and market standards.
• Analyze compensation data and benefits utilization to identify trends and make data-driven decisions to improve the effectiveness of the compensation and benefits program

Requirements:

• This position is preferably open to male candidates
• Minimum academic qualification of an HND degree in any related discipline 
• Minimum of 3 years of proven work experience
• Excellent interpersonal and people skills
• Proficiency in using collaboration and productivity tools