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Compensation and Rewards Specialist
2 weeks ago
- Bachelor (Business, HR, C&B related fields)
- At least 23 years Compensation, Rewards and Benefits experience, including analysis and administration
- Benefits Related Legislation such as Medical Act, Pension Fund, UIF Act and BCEA.
- Ability to communicate effectively within a diverse cultural environment
- Job Evaluation, executing surveys, range development, Bonus design, Benefit Program analysis, costing
Duties:
- The position's primary responsibility is to support Compensation & Benefits Manager on driving Compensation & Benefits Projects and Communications for South Africa as per business needs and ensure deliverables can meet stakeholder's requirements
- Lead Market Comp & Benefits Orientation for new recruits
- Lead & Review Weekly & Monthly Salary Audit
- Administer & Track Budget for Sick Pay Fund, Work Security Fund, Housing Subsidy Fund.
- Administer Retirement Fund's (Provident & Pension), including supporting with Death Claim investigation.
- Support Comp Planning ONLINE System
- Support Compensation & Benefits Manager to closely manage and monitor the utilization status and ongoing IBI Budget
- Support Market Governance Process for compensation programs to ensure that the market is fully aware and aligned with the regional and global governance requirement and follow the process for annual attestation and any changes based on business needs and market prevalence trend.
- Analyze external market data and use technology to proactively identify and diagnose business needs/opportunities and develop solutions to meet those needs, ensuring alignment with the business strategies and objectives
- Participate external C&B survey and ensure data collection in proper and with accuracy
- Identify current and future reward/recognition benefit needs through daily handson experience to deliver appropriate solutions and provide supports on annual holistic benefits competitiveness analysis and annual benefits review if needed
- Coach, counsel and educate HRBO partners on C&B policies and practices.
- Collaborate with payroll department for payments and deductions.
- Assume responsibility of timely payment of monthly 3rd Party Premiums.
Education:
- Bachelors (required)
Experience:
- Legislation
- Medical Act, Pension Fund, UIF Act and
BCEA:
2 years (required)
- Compensation and Benefits: 2 years (required)
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