Head of Rewards

2 months ago

Sandton, South Africa Blue Label Telecoms Full time

**JOB PURPOSE**

The Head of Rewards is responsible for developing, implementing, and managing comprehensive reward strategies that align with the company's objectives, attract top talent, and retain valuable employees.

The Head of Rewards plays a crucial role in shaping the organization's approach to attracting, motivating, and retaining top talent through strategic compensation and benefits management. This position is responsible for developing and implementing comprehensive reward strategies that align with the company's objectives and values while ensuring competitiveness in the market.
- Strategic Alignment: Develop and maintain a reward philosophy and strategy that supports the company's business goals and culture
- Competitive Positioning: Ensure the organization's compensation and benefits packages are competitive within the industry to attract and retain top talent
- Performance Driven Culture: Implement reward systems that drive high performance and desired behaviors across the organization
- Cost Management: Optimize the company's investment in employee rewards while maximizing impact and value
- Compliance and Governance: Ensure all reward programs adhere to legal requirements, corporate governance standards, and industry best practices
- Employee Satisfaction: Create reward programs that enhance employee engagement and satisfaction, contributing to a positive workplace culture
- Data-Driven Decision Making: Utilize analytics and market insights to inform reward strategies and demonstrate ROI of reward programs
- Effective Communication: Ensure clear understanding of the company's reward offerings among employees and stakeholders

**RESPONSIBILITIES**

**Reward Philosophy**
- Develop and articulate a clear reward philosophy that aligns with the company's values, culture, and business strategy
- Ensure the reward philosophy supports the attraction, motivation, and retention of top talent
- Regularly review and update the philosophy to reflect changes in the business environment and market practices

**Client-Centric Reward Strategy**
- Design and implement an overall reward strategy aligned with business goals
- Develop and manage non-financial recognition programs to complement monetary rewards
- Regularly review and update the strategy to ensure competitiveness and effectiveness
- Develop and implement a reward strategy that puts employees (internal clients) at the center
- Regularly gather feedback from employees to understand their needs and preferences
- Tailor reward offerings to meet diverse employee demographics and life stages

**Policies and Processes**

***Develop, implement, and maintain reward-related policies, including:

- Compensation policy
- Benefits policy
- Promotion and salary adjustment policy
- Expatriate compensation policy

Establish clear processes for:

- Annual salary reviews
- Bonus calculations and distributions
- Job evaluations and grading
- Market pricing and benchmarking
- Ensure all policies and processes comply with legal requirements and best practices

**Frameworks**

Design and implement robust frameworks for:

- Total rewards structure
- Job evaluation and grading
- Performance management linkage to rewards
- Talent management and succession planning integration with rewards
- Develop a competency framework that aligns with the reward structure
- Create a framework for assessing the effectiveness and ROI of reward programs

**Annual Plan**
- Develop a comprehensive annual rewards plan, including:

- Budget forecasting for salaries, bonuses, and benefits
- Timeline for key activities (e.g., salary reviews, bonus payouts)
- Objectives and key performance indicators (KPIs) for the rewards function
- Present the annual plan to senior leadership and the Remuneration Committee for approval

**Benchmarking and Grading Market Analysis**
- Conduct regular market salary surveys and benchmarking exercises
- Develop and maintain job grading structures
- Ensure internal equity and external competitiveness in compensation
- Analyze industry trends and best practices in reward management
- Provide insights on market competitiveness and recommend adjustments to reward strategies

**Financial Incentives and Recognition**
- Assist in the Design and implementation and administration of a comprehensive financial incentives program, including:

- Short-term incentives (STI)
- Long-term incentives (LTI) for key employees and executives
- Sales incentive plans
- Partner with business to ensure the cascading and quality of performance metrics and targets for the various schemes, ensuring alignment between individual, team, and company performance
- Develop and manage non-financial recognition programs to complement monetary rewards
- Ensure a balance between fixed and variable pay components
- Implement performance-based reward systems that drive desired behaviors and outcomes

**Retention Strategy**
- Develop and implement strategies to retain key talent
- Analyze turnover tren

  • SA Reward Consultant

    1 week ago

    Sandton, South Africa Investec Full time

    Description This role requires a consultant to give expert advice on reward, within the context of our culture and our remuneration philosophy, using remuneration research tools and benchmarking. The role further requires the consultant to manage, co-ordinate, facilitate and participate in the annual salary and bonus review cycle. Key relationships in...

  • Group Lead: Total Reward

    2 weeks ago

    Sandton, South Africa Coca-Cola Beverages Africa Full time

    Coca-Cola Beverages Africa (CCBA) presents an exciting opportunity for a seasoned Group Lead: Total Reward, to join the P&C team at CCBA. This role will play a significant part in building Total Reward capabilities across the Group. This role will interact extensively with a wide range of managers and employees at all levels throughout the organisation. The...

  • Head of Treasury

    5 months ago

    Sandton, South Africa Bright City Talent Full time

    The HEAD OF TREASURY is ultimately responsible for supporting the business cash requirements to ensure money is in the right place at the right time to achieve the business’ cash goals. Treasury specific tasks include cashflow forecasting, liquidity management, day to day cash management activities, and weekly and monthly reporting. The Head of Treasury...

  • Commercial Solutions Head

    6 months ago

    Sandton, South Africa FirstRand Full time

    Job Description The Commercial Solutions Head is responsible for leading, developing, and executing the strategic business development activities, strategic relationships, and leading transformation in the team by providing guidance to the management team The Commercial Solutions Head will provide support in the successful management of the pricing and...

  • Head of Risk

    5 months ago

    Sandton, South Africa Health Solutions Full time

    **Introduction** The Head of Risk will be responsible for Guardrisk Group short and long-term insurance licenses under its management control and exposure to international insurance licenses in the Group. This individual will be responsible for identifying, assessing, managing, monitoring and reporting of risk as well as the management of the enterprise...

  • Executive Head: Software Applications

    1 month ago

    Sandton, South Africa Motus Corporation Full time

    About M-SureM-Sure is a world leader in its field of specialization, offering a variety of financial products for motor vehicles. Our mission is to creatively solve problems and add value to people by ensuring Mobility for Good. As part of the Motus Group, a leading JSE-listed company in the Automotive Industry, our performance is driven by three keystones:...

  • Head of Programme: Faculty of Finance and Accounting

    6 months ago

    Sandton, South Africa The Independent Institute of Education Full time

    The IIE (Pty) Ltd is the registered provider of higher education which is offered through the following educational brands: IIE Vega, IIE Varsity College, IIE Rosebank College and IIE MSA. The Independent Institute of Education’s Central Academic Team (CAT) is responsible for the academic leadership and governance of the work done at the brands while each...

  • Head of Reserving

    2 months ago

    Sandton, South Africa Discovery Ltd. Full time

    **Business Unit**:Discovery Insure**Function**:Actuarial Sciences**Date**:20 Sep 2024 **Discovery - Insure** **Head of Reserving** **About Discovery** Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own...

  • Head Business Development

    5 months ago

    Sandton, South Africa Pathfinders Consulting Pty (LTD) Full time

    **Ready to Drive Change?***: We are looking for a leader who is prepared to make a significant impact. Join a market leader in the insurance industry recognized for its commitment to innovation and excellence. We are on the lookout for a visionary Head of Business Development to lead business growth and enhance strategic partnerships. **Role...

  • Hospitality Operations Manager

    2 weeks ago

    Sandton, South Africa Nedbank Head Office Full time

    Job SummaryNedbank Head Office seeks a skilled Banqueting Co Ordinator to join our team. As a key member of our hospitality operations team, you will be responsible for arranging and facilitating functions and events for both internal and external clients within dining rooms and external facilities.Key ResponsibilitiesMonitor and control departmental budget...

  • Head of Call Centre

    7 months ago

    Sandton, South Africa Salb Full time

    **Job Title: Head of call centre CRM** **Location: Johannesburg with occasional in-country and international travel** **Job Type: Permanent Role** **Salary Range: Highly negotiable (open) based on experience** Offering an unparalleled opportunity for a rewarding, fast-paced and global career. They are currently on an aggressive global growth path, with...

  • National Head: External Distribution

    2 weeks ago

    Sandton, South Africa PPS Recruitment Full time

    PPS has grown to provide for the life, sickness and disability needs of South Africa’s graduate professionals. It is owned exclusively by its members and manages AUM in excess of R86bn in the investment business. One of the business’s primary ambitions is to aggressively grow is investments business and increase its insurance penetration. Purpose of the...

  • Head of Credit: Private Bank

    6 months ago

    Sandton, South Africa Absa Bank Limited Full time

    Empowering Africa’s tomorrow, together one story at a time. - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary The...

  • Head Pan African Payments Risk and Governance

    5 months ago

    Sandton, South Africa Absa Bank Limited Full time

    Empowering Africa’s tomorrow, together one story at a time. - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary The...

  • Legal Officer

    2 weeks ago

    Sandton, South Africa Motus Corporation Full time

    Motus Mobility Solutions is a world leader in its field of specialisation offering a variety of financial products for motor vehicles. MMS aims to creatively solve problems and add value to people by ensuring Mobility for Good.MMS forms part of the Motus Group, a leading JSE listed Company in the Automotive Industry where performance is driven by three...

  • Legislative Counsel

    2 weeks ago

    Sandton, South Africa Motus Corporation Full time

    Motus Mobility Solutions is a global leader in the financial products for motor vehicles industry, committed to creative problem-solving and value addition through Mobility for Good. As a world-class organization, we form part of the Motus Group, a leading JSE-listed company in the Automotive Industry driven by three key pillars: 1. Leaders, 2. Innovation,...

  • Compliance Monitoring Specialist(Broader Africa)

    3 weeks ago

    Sandton, South Africa FirstRand Bank Limited Full time

    DescriptionTo provide robust regulatory compliance advice, guidance, and support by monitoring processes and related controls in accordance with compliance methodology and minimum standards.Key ResponsibilitiesProvide administrative support to the Broader Africa Head of Monitoring.Support the implementation of the MCOE strategy across Broader Africa.Ensure...

  • Employee Experience Manager

    7 months ago

    Sandton, South Africa Dimension Data Full time

    FunctieomschrijvingThe Employee Experience Manager’s focus is on a positive, rewarding work environment. Their goal is to develop an experience for employees that attracts and retains talent. They are responsible for the overall employee experience and the elements that influence it, including the physical workplace, technology and policies that shape the...

  • Apex Head of Growth, South Africa

    5 months ago

    Sandton, South Africa Apex Exchange Full time

    **Company Description** APEX is the value based solutions division of Publicis Media. We are a distinct and next-generation global trading entity which identifies new ways to deliver value to clients. Our innovative offerings via direct partnerships, principal investments and trade allow clients of all sizes to have custom solutions that deliver tangible...

  • Academic Operations Administrator

    6 months ago

    Sandton, South Africa The Independent Institute of Education Full time

    The IIE (Pty) Ltd is the registered provider of higher education which is delivered through the following educational brands: Varsity College, Vega School, Rosebank College and IIEMSA. The Independent Institute of Education’s Central Academic Team (CAT) is responsible for the academic leadership and governance of the work done at the brands while each...