What are the responsibilities and job description for the Rewards Manager position at MTN?
Reports To: Head - Human Resources
Division: MoMo Payment Service Bank (MoMo PSB)
Mission:
MoMo PSB Ltd is seeking a dynamic and experienced Reward Manager to join our HR team. This role is pivotal in designing, implementing, and managing our reward strategies to attract, motivate, and retain top talent. Additionally, the Reward Manager will take on HR Business Partnering responsibilities, providing strategic and operational HR support to designated business units.
Description:
- Develop and implement reward strategies, policies, and programs that align with the company’s objectives.
- Conduct market analysis to ensure competitive compensation and benefits packages.
- Manage the annual salary review process, bonus schemes, and incentive plans.
- Ensure compliance with legal and regulatory requirements related to compensation and benefits.
- Provide expert advice on reward issues, including job evaluations, salary benchmarking, and pay structures.
- Act as a strategic partner to business units, understanding their needs and providing tailored HR solutions.
- Support workforce planning, talent management, and succession planning initiatives.
- Collaborate with business leaders to drive employee engagement and performance management.
- Provide guidance on HR policies, procedures, and best practices.
- Assist in resolving complex employee relations issues and conducting investigations when necessary.
- Analyze HR metrics and data to inform reward strategies and HR initiatives.
- Prepare and present reports on compensation trends, employee satisfaction, and other relevant metrics.
- Analytical and Problem-Solving Skills: Ability to analyze data and develop strategic recommendations.
- Support the Shareholder return strategy by developing and implementing HR Processes that are aligned to achieving all elements on the business score card.
- Participate in the review of Business Processes (headcount, process optimization, etc.), to drive efficiency gains to ensure at least 5% reduction in
- Develop, implement and maintain compensation & benefits polices in line with the MOMO PSB Reward strategy, programs and policies
- Benchmark with comparator organizations to enhance the competitiveness of MOMO PSBN offerings while ensuring compliance with Nigerian labour laws.
- Implement annual salary review and performance bonus scheme in line with policies
- Advise, educate and support employees and line managers on matters related to the MOMO PSB Reward strategy
- Develop communication materials and facilitate workshops, focus groups, etc., to enhance employees’ understanding of Reward offerings, policies, etc.
- Ensure compliance with required service level agreements with regard to Reward deliverables. Conduct retention risk and impact analysis by calculating employees’ retention risk score and the impact if lost.
Education:
- First degree preferably in the social sciences or any other relevant degree
- Professional HR certification (e.g., CIPM, SHRM) .
- Proven experience in reward management and HR business partnering.
- Strong analytical skills and proficiency in HRIS and compensation tools.
- Excellent communication and interpersonal skills. Ability to work collaboratively and influence at all levels of the organization.
Experience:
6 – 13 year’s experience in an area of specialization; with experience in supervising/managing others
- Experience working in a medium to large organization
- Experience in Reward policy and procedure development
- Experience in designing and implementing innovative base pay and incentive compensation programs & benefit plans.
‘All job applications will be processed in line with the MoMo PSB Privacy notice. Please visit this link: https://bit.ly/momo-priv-policy to access the privacy notice’
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