Compensation Manager

1 week ago


Johannesburg, Gauteng, South Africa Dark Fibre Africa Full time
Job title : Compensation ManagerJob Location : Gauteng, JohannesburgDeadline : April 18, 2025Quick Recommended Links
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RESPONSIBILITIES AND ACCOUNTABILITIES (KEY PERFORMANCE AREAS & TASKS)

Developing Compensation Programs

  • Design and implement competitive compensation programs.
  • Socialise the workforce with the critical aspects of the compensation programmes. Ensure alignment across the business on the key principles of the compensation elements.
  • Ensure payroll systems and Human Resource business partners are aligned in terms of the remuneration and compensation policies.
  • Be knowledgeable in Salary structuring and have insight into different pay policies and incentive plans.
  • Have a broad knowledge of long- term and short-term incentive arrangements.
  • Ensure compliance with third party SLA's.

Market Analysis

  • Conducting regular salary surveys and market analysis to ensure compensation remains competitive with industry standards.
  • Participate in job audits and recommend market best practice measures to the business.
  • Oversee the employee grading platform and market data platforms and conduct role grading, as and when needed by the business.
  • Ensure that a position to market analysis is conducted annually and is aligned the annual salary increase process.
  • Recommend increase allocation models based on annual market benchmarks.

Compliance

  • Ensure compliance with local legislation concerning compensation. benefits.

Budget Management

  • Assist in the preparation and manage the budget for compensation activities.
  • Employee Communication:
  • Communicate compensation information to employees, ensuring transparency and understanding.
  • Educate HR business partners on all new compensation offerings and participate in the role out and implementation of all new initiatives as and when necessary.

Vendor Management

  • Negotiate with vendors and administrators to secure the best plans, options, and rates for compensation programmes. 

Performance Management

  • Work with HR business partners and management to align compensation with performance management systems.

Training and Development

  • Provide training and support to HR staff and managers on compensation, grading and benchmarking policies and practices.

Strategic Planning

  • Assist in the collaboration with senior management to develop and implement strategic compensation plans that support organizational retention goals.

Competencies and Minimum Requirements:

Qualifications

  • Bachelor's degree in human resources, Business Administration, or a related field. SARA certification preferred.
  • Strong MS office skills.

Experience

  • Several years of experience in compensation administration and management, HR, or a related field.
  • In-depth knowledge of HR practices and compensation models. Must be able to work across functions.
  • Experience in managing projects and initiatives related to compensation.
  • Familiarity with local regulations related to compensation.
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