Compensation and Benefits Specialist

2 weeks ago


Durban, South Africa K2 Human Capital Consultancy Full time

**Duties and Responsibilities**
- Conduct employee needs assessments and draft targeted programs that will increase performance, organisational trust, and satisfaction.
- Develop and implement retention and motivation strategy that aims to keep top talent engaged.
- Define a fair, equitable and competitive total compensation and benefits package that fits and is aligned to our company's strategy and business goals
- Develop a consistent compensation philosophy in line with work culture and organisational objectives
- Ensure that compensation practices are in compliance with current legislation (pay equity, human rights, etc)
- Use various methods and techniques and make data based decisions on direct financial, indirect financial and nonfinancial compensations
- Assess employees needs by conducting organisational psychology surveys to find out what motivates and engages employees
- Prepare job descriptions, job analysis, job evaluations and job classifications
- Participate in salary and labour market surveys to determine prevailing pay rates and benefits
- Differentiate pay systems to invest in the segments of workforce that contribute the most value
- Deploy effective communication strategies and success metrics
- Conduct ongoing research into emerging trends, issues and best practices
- Conduct periodic audits and prepare reports

**Qualification required**:

- Matric or equivalent
- BS degree in human resources, business administration or finance

***

**Experience required**:

- Proven working experience as a Compensation and Benefits Specialist
- Prior experience in HR practices and compensation cycle management
- Previous experience with organisational psychology and labour market surveys

***

**Knowledge and skills required**:

- Adequate knowledge of current labour rules and regulations
- Familiarity with various types of incentives and benefits
- Extensive knowledge of HRIS and MS Office
- Strong quantitative and analytical skills
- Working knowledge of job evaluation and job analysis systems
- Strong understanding of REMCHANNEL and benchmarking



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