Transkredit Finance Company Recruitment for HR Intern (Compensation & Benefit)

Transkredit Finance Company was birthed to address a gap in financial inclusion, in line with the Maya Declaration; a global initiative for responsible and sustainable financial inclusion that aims to reduce poverty and ensure financial stability for the benefit of all.

Job Location: Wuse II, Abuja (FCT)
Employment Type: Internship

Job Description

• Develop and implement global compensation strategies that align with the company’s business objectives, market trends, and pay equity goals.
• Conduct global market benchmarking and analysis to ensure competitive compensation practices across different regions and markets.
• Oversee the administration of salary structures/grids, incentive programs, and bonus plans, ensuring fairness and consistency across the organization.
• Design and manage the annual compensation review process, including merit increases, promotions, and bonus allocations.
• Collaborate with HR Managers and leadership teams to provide guidance on compensation-related decisions, including offers, promotions, and job evaluations.
• Ensure compliance with local laws and regulations regarding compensation practices in all entities.
• Design and manage global employee benefits programs, including health insurance, retirement plans, wellness initiatives, and other benefits.
• Evaluate and recommend changes to benefits programs based on employee feedback, market trends, and organizational needs.
• Manage relationships with external vendors, brokers, and consultants to ensure the effective delivery of benefits programs.
• Oversee the global benefits enrolment process and ensure clear communication of benefits information to employees.
• Ensure compliance with regulatory requirements related to benefits in all jurisdictions.
• Develop and implement global wellness programs that promote employee well-being and work-life balance.
• Oversee the implementation, maintenance, and optimization of the Human Resources Information System (HRIS) to support compensation, benefits, and broader HR functions.
• Ensure the accuracy and integrity of HR data in the HRIS, including employee compensation, benefits, and performance records.
• Collaborate with IT and HR teams to ensure the HRIS supports key HR processes, including compensation reviews, benefits enrolment, and reporting.
• Analyse HRIS data and generate reports to provide insights into compensation trends, benefits utilization, and workforce metrics.
• Manage system upgrades, configuration changes, and new module implementations to meet the evolving needs of the organization.
• Provide training and support to HR teams and managers on the effective use of the HRIS.
• Ensure global compensation and benefits programs comply with local labour laws, tax regulations, and reporting requirements.
• Monitor changes in global regulations and make recommendations to adjust compensation and benefits policies as needed.
• Collaborate with legal and compliance teams to mitigate risks related to global compensation and benefits administration.
• Collaborate with the internal communications team to ensure that Compensation and benefits program details and changes are effectively communicated to all employees.
• Lead information sessions and training programs to educate employees and managers on compensation and benefits policies and best practices.
• Develop and manage the budget for global compensation and benefits programs.
• Conduct cost analyses to evaluate the financial impact of compensation and benefits programs and make recommendations to improve cost efficiency.
• Collaborate with finance teams to ensure accurate forecasting and financial reporting related to compensation and benefits expenses.

Method of Application

Interested and qualified candidates should send their CV to: [email protected] using the Job Position as the subject of the email.