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Compensation and Benefits Manager

Date Posted: Aug 12, 2021
Monthly Salary: 0 MWK - 0 MWK

Job Description

Applications are invited from suitably qualified persons of Malawi origin to fill the following vacant position tenable in the company.

POSITION: COMPENSATION AND BENEFITS MANAGER – EG4 (HEAD OFFICE-BLANTYRE)

PERSON SPECIFICATIONS

  • •A holder of a Bachelor’s Degree in Human Resources Management or Industrial psychology, or Business administration or related field.
    •Should be a registered member of Malawi Institute of People Management
    •Most have at least ten years post qualification’ experience including five years of experience as a Compensation and benefits manager or in a related field.
    •Aged above 35 years old and mature with demonstrable ability to work as a team leader,
    •Must have excellent communication and interpersonal skills, Strong analytical, problem solving and decision making skills,
    •A team player and results oriented with extensive knowledge of benefits and compensation programmes, policies, procedures and applicable legislation, strong people and project management skills,
    •Proficiency in MS office, and experience in managing benefits and compensation in a Human Resources Information System (HRIS).

JOB SPECIFICATIONS


  • •Designing company wide remuneration strategy to attract high caliber talent in the market, reward employees for demonstrating the right behaviours and motivate people to achieve the organization’s goals and objectives.
    •Evaluating and modifying existing compensation and benefits, programs, policies and procedures
    •Developing a corporate remuneration policy that ensures competitiveness, equity and maximizes tax efficiency.
    •Monitoring and researching trends of remuneration and benefits through customized surveys.
    •Communicating with third-party services to negotiate benefit plans and resolve benefit-related issues
    •Analyzing and assessing identified remuneration and benefits strategies at the national and international level to advise the organization accordingly.
    •Establishing the comparable worth of jobs by benchmarking the jobs in the organization against the market to retain talent
    •Compiling comparative benchmarking salaries and benefits reports for submission to the Executive for effective decision- making.
    •Analyzing costing/structuring remuneration models to ensure these are appropriate and aligned with EGENCO requirements.
    •Investigating and compiling salary build ups through proper market analysis on various options guided by best practice.
    •Conducting cost analysis, financial modelling, impact analysis and provide options for the organization.
    •Aligning remuneration and benefits policies and procedures to the applicable legislation to ensure maximum compliance.
    •Managing overall risk around tax and impact on business as it relates to compensation and benefits.
    •Assessing the impact of payroll and tax legislation on the company, based on factual impact and findings
    •Assessing and reviewing current payroll practices to ensure legal compliance with all aspects, risks and related matters.
    •Identifying and interpreting related legislation and its impact on the remuneration and benefit function and ensuring compliance.
    •Developing payroll controls to ensure segregation of duties and responsibilities.
    •Assessing remuneration and benefits risks and incorporating mitigating controls.
    •Providing information to departments for workforce and budget planning.
    •Overseeing and the processing of payroll and benefits in fine with individual contracts and appropriate legislation.
    •Reviews payroll summaries against payroll inputs for the month
    •Approving payroll before submitting for further authorizations and subsequent payment.
    •Checking and approving payroll reconciliations and payroll related payments and submissions before submission for authorization for payment.
  • •Managing and maintaining relationships with the payroll vendor for effective support and necessary updates.
    •Maintaining parameters of payroll to produce the required outcomes.
    •Writing and maintaining reports required by payroll and other departments.
    •Reporting on key payroll and benefits issues covering essential metrics on payroll accuracy, payroll compliance, payroll timeliness, payroll cost and payroll efficiency.
    •Developing profit sharing, incentive, employee wellness and performance management programs.
    •Preparing budgets, reports and presentations.
    •Supporting the HR team with recruitment and talent management activities and assisting in the development of HR strategy.
  •  

METHOD OF APPLICATION


Application letters with comprehensive CV and three names and addresses of traceable referees should be received not later than 22 August 2021, addressed to:

Human Resources and Development Manager

Electricity Generation Company (MW) Ltd

Chayamba Building — Floor No. 4

P.O. Box 1567

BLANTYRE.

WE ARE AN EQUAL OPPORTUNITY EMPLOYER


Skills Required


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Job Detail

  • Location
    Blantyre
  • Company
  • Type
    Full Time
  • Positions
    1
  • Apply Before
    20 Aug, 2021

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