Senior Reward Solutions Specialist

2 weeks ago

Brackenfell, South Africa Shoprite Group Full time

**Purpose of the Job**:
The Senior Reward Solutions Specialist is responsible for collaborating closely with the Group Rewards Solutions Lead to develop and implement comprehensive reward strategies, policies, and frameworks.This role assumes accountability for managing specific aspects of reward and benefits programs, conducting in-depth research, and providing expert guidance to stakeholders.Reporting directly to the Group Rewards Solutions Lead, the Senior Reward Solutions Specialist plays a critical role in shaping the organisation's reward landscape and ensuring alignment with industry best practices. The role collaborates closely with stakeholders to drive innovation, efficiency, and excellence in reward management practices and providing design input to Long-Term Incentives (LTIs), Short-Term Incentives (STIs), Benefits and Reward Solutions Strategy Design.

**Job Objectives**:
Strategic Support:
Assist the Group Reward Solutions Lead in developing and implementing reward strategies, policies, and frameworks.
Provide insights and recommendations on reward program design, including Short-Term Incentive (STI) structures and employee benefit packages.
Review and update existing short and long-term incentives plans to ensure alignment with Shoprite Group objectives and design new incentive plans where required.
Develop retention and scarce skill reward strategies for identified positions in collaboration with Talent Solutions.
Develop different types of work models and related remuneration and benefits models in collaboration with Organisational Effectiveness.
Grade jobs in accordance with Job Evaluation policy in collaboration with Reward and Organisational Effectiveness.
Define mitigation plans to manage reward risks.
Support the Payroll, Benefits, and Compensation execution teams as required.
Research and Analysis:
Conduct research and analysis on industry trends, benchmarking data, and regulatory requirements to inform decision-making.
Stay abreast of emerging practices and developments in the field of reward management to drive innovation and continuous improvement.
Cross-Functional Collaboration:
Collaborate with cross-functional teams to ensure alignment and integration of reward programs with other
HR initiatives, such as talent management and organisational development.
Foster strong partnerships with internal stakeholders and external partners to facilitate effective communication and collaboration on reward solutions initiatives.
Stakeholder Engagement and Training:
Engage with internal stakeholders and external partners to ensure effective communication and collaboration on reward solutions initiatives.
Provide training and support to People Partner teams, managers, and employees on reward solutions-related matters, ensuring understanding and adoption of program features.
Market Adjustments and Promotions:
Review market data and trends to recommend adjustments to compensation and benefits packages to remain competitive and aligned with industry standards.
Provide support in the promotion process, ensuring fairness, consistency, and alignment with organi sational policies and procedures.
Execution and Administration:
Execute and administer specific recognition and employee benefits programs, ensuring compliance with legal and regulatory requirements and alignment with organisational objectives.
Oversee the implementation of reward and recognition initiatives, monitoring effectiveness and making recommendations for improvement.
Drafting of Communication Materials:
Prepare communication materials, ensuring clarity, accuracy, and alignment with program guidelines and objectives.
People Partner Support:
Collaborate with People Partners to address compensation and benefits-related inquiries, provide guidance on reward initiatives, and ensure alignment with People Practices and strategies.
Consultation and Specialist Support:
Act as a seasoned reward and recognition specialist, providing expert consultation and specialist support to internal stakeholders on various reward-related matters.
Offer insights, analysis, and practical recommendations to address specific challenges and opportunities in the reward landscape.
Analysis and Reporting:
Monitor the reward team while ensuring service delivery to the Shoprite Group.
Collect and use reward data and business intelligence to transform the delivery of rewards and solutions.
Analyse data and prepare reports on program effectiveness, utilisation, and employee satisfaction, providing insights and recommendations for continuous improvement.
Assist with the preparation of Remuneration Committee packs, ensuring accurate and comprehensive information for decision-making.
Compliance and Governance:
Ensure compliance with legal and regulatory requirements governing reward management programs, staying informed of changes and updates.
Implement governance structures and processes to ensure transparency, fairness, and equity in reward management practices.

**Qual

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