Olawumi Shafe
REGIONAL COMPENSATION & BENEFITS LEADER, AFRICA MIDDLE EAST at CUMMINS INC.
Business Analytics at Informa Middle East
Nigeria
Hi, I'm Olawumi Shafe!
REGIONAL COMPENSATION & BENEFITS LEADER, AFRICA MIDDLE EAST at CUMMINS INC.
A Fellow Chartered Certified Accountant with deep domain expertise in Compensation & Benefits Management, an excellent understanding of Human Resource functions & proven team management/leadership experience in total rewards management in a multinational environment. Over the years, I have honed my skill in understanding business strategy, working collaboratively with internal and external stakeholders delivering tangible business outcomes across geographies. I am a certified learning facilitator with excellent communication skills. My career journey has availed me the opportunity to garner experience in driving Reward processes and technology transformation (with knowledge and exposure to a variety of HR and office automation applications – Oracle HCM, Oracle Business Intelligence Enterprise, MS Office Suite), implement Payroll processes in multiple jurisdictions and effectively conducted multiple projects in compressed timelines while also maintaining quality.
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Experience
CUMMINS INC.
REGIONAL COMPENSATION & BENEFITS LEADER, AFRICA MIDDLE EAST
October 2021 - Present
Partner with Human Resources, Finance and Business leaders to understand market challenges and talent needs to support the long-term growth of the business Support the alignment of country and entity specific compensation programs Assess and improve effective delivery of compensation plans Coordinate and execute the full C&B processes Develop key performance metrics for designated Compensation processes Measure and analyze the effectiveness of compensation programs and process delivery Conduct research to understand external market compensation trends and practices Incorporate relevant findings into initiatives and internal practices Partner with leadership to develop Global Total Rewards/Pay philosophy Regularly review compensation and benefits market data Monitor pay practices and address issues across various geographies Work closely with consultants/brokers globally & locally Conduct benchmark analysis to identify trends in industry Design and implement various employee benefit programs Manages Benefit programs, benefits plan design, market benchmarking, enrolment and renewals Optimizing efficiency and effectiveness of benefit programs
First Bank of Nigeria Limited
REWARD, FINANCE AND RISK MANAGER
February 2020 - June 2021
Provide leadership in total reward financial management HR operational risk identification and control designs Management of employee recognition schemes Agile HR policy formulation Employee tax management Pension and statutory remittances administration Business process transformation projects
First Bank of Nigeria Limited
COMPENSATION & BENEFITS MANAGER
August 2014 - January 2020
Provide leadership in the design, restructuring and planning of competitive reward systems Annual adjustment of pay structure Participation in external remuneration surveys Analysis and interpretation of market data Conduct market benchmarking Review of perquisites and non-payroll benefits Management of rewards communication strategy Pension schemes management
Education
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Projects
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Languages
English
Native
Skills
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