JOB VACANCY AT NMB BANK - SENIOR SPECIALIST, COMPENSATION & BENEFITS

 Reporting Line: 

Head, HR Shared Services

Location:

Head Office 

Job Purpose:

Develop, implement and monitor remuneration and benefits strategies in line with the bank’s and HR strategy as well as guide performance management in the organization in order to ensure staff are productive and highly motivated. 

Main Responsibilities:
  • Monitor effectiveness of existing compensation policies, guidelines and procedures, recommending plan revision as well as new plans that are cost effective and consistent with compensation trends and Bank’s strategy. 
  • Implement remuneration and benefits management strategies, policies and interventions in line with corporate priorities.
  • Assist in preparation of merit increase and incentive programs and budgeting.
  • Ensure market competitor analysis is carried out timely and advise the management on strategies to attract and retain talent. 
  • Design, evaluate and modify benefits programs and policies to ensure that programs are current, competitive and in compliance with legal requirements.
  • Provide on-going compensation and benefits education with management and employees.
  • Perform salary and benefits analysis for staff to determine their position against the market and peers.

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