Remuneration & Rewards Specialist

SUMMARY:
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POSITION INFO:

Key Job Responsibilities:

• Researching trends in remuneration and identify creative and innovative remuneration structures.
• Provide ongoing intelligence on movements in the market and potential threats to the organisation from competitive poaching and recommend solutions.
• Provide advice regarding compensation policy interpretation, new hire offers, promotions, market analysis and job evaluations.
• Provide advice and analysis through the annual increase and bonuses.
• Develop and maintain the Job Grading Committees Terms of Reference.
• Render advice with regards to job evaluation, job profiling for Grading Committee.
• Facilitate the development of job descriptions, implement and manage an electronic database of grading requests.
• Lead and facilitate the job evaluation process within the organisation.
• Participate as part of the job evaluation of the organisation to ensure internal equity and external competitiveness is maintained.
• Contribute to the development of the remuneration and rewards strategies of the organisation.
• Facilitate management training of rewards and remuneration within the organisation.
• Facilitate the design, development and implementation of innovative incentive schemes to reward performance aligned to business objectives.
• Define a fair, equitable and competitive total remuneration package that is aligned to the organisation strategy and business goals.
• Ensure that remuneration practices comply with relevant regulatory requirements and standards.
• Participate in salary and labour market surveys to determine prevailing remuneration rates and benefits.
• Assist with all relevant Organisational Development projects and initiatives based on the needs of the department.

Minimum requirements:

• Bachelors Degree in Human Resource/finance/payroll.
• Registration with South African Rewards Association (SARA).
• Extensive experience in HRMIS (oracle advantageous).
• 6 years experience in Remuneration and Rewards.
• Knowledge of Remuneration benchmarking.
• Knowledge of Rewards Policies and Procedures.
• Knowledge of market surveys.
• Knowledge of various types of incentives and benefits.
• Knowledge of relevant legislative regulations.
• Computer literate.