Compensation Strategist

2 months ago

Cape Town, Western Cape, South Africa Merand Corbett & Associates Full time
Job Summary

We are seeking a highly skilled Compensation and Benefits Specialist to join our team at Merand Corbett & Associates. The successful candidate will be responsible for designing and implementing effective total rewards programs that align with our organizational goals.

Key Responsibilities
  • Data Analysis and Reporting
    • Conduct in-depth analysis and reporting of rewards data to inform strategic decisions and provide insights on program effectiveness and market competitiveness.
    • Ensure data accuracy and integrity by checking input before submission.
    • Communicate findings to business units and stakeholders.
    • Assist in the development of policies or processes addressing shortcomings in the remuneration framework.
  • Job Architecture and Organizational Design
    • Manage the rewards aspect of job architecture and organizational design, ensuring alignment between job roles, responsibilities, and compensation.
  • Retention Strategy Development
    • Create and implement retention strategies using rewards, focusing on retaining key talent and reducing turnover.
    • Provide expert advice on relevant STI, LTI, and BEE schemes, as well as all benefit policies.
  • Tactical Alignment of Rewards
    • Align total rewards programs with organizational goals, ensuring they support business objectives and workforce needs.
    • Develop solutions to identified problems, customizing solutions to meet the needs of different business units.
    • Compile an increase mandate for approval by Executives and manage the increase process for specific business units or departments.
    • Conduct job evaluations for all levels.
  • Global Rewards Management
    • Coordinate with international HR teams for the effective global implementation of rewards strategies.
    • Research and benchmark best practice in employee benefits, preparing recommendations for approval by the Executive Committee.
  • Stakeholder Communication
    • Effectively communicate complex data insights and rewards strategy implications to stakeholders at all levels.
    • Conduct training sessions for various stakeholders, including HC, employees, and line managers.
Requirements
  • 3-5 years of experience in total rewards, with a strong emphasis on data analytics and job architecture.
  • Advanced skills in data analysis and reporting.
  • Compensation and Benefits Management: knowledge of designing and managing various compensation and benefits programs, including base pay, incentives, equity programs, and health and wellness benefits.
  • Data Analysis and Reporting: expertise in analyzing complex datasets to generate insights, create reports, and support decision-making processes.
  • HR Information Systems (HRIS): skilled in using HRIS platforms for data management, reporting, and insights.
  • Market Benchmarking and Job Evaluation Techniques: ability to conduct market analysis and apply job evaluation techniques to ensure competitive and equitable compensation structures.
  • Communication and Presentation Skills: strong ability to present complex data and concepts in a clear and understandable manner to various stakeholders.
  • Project Management: skills in managing projects, including planning, execution, monitoring, and closing phases.
  • Financial Acumen: understanding of budgeting, financial planning, and cost analysis related to total rewards programs.
  • Legal Compliance and Governance: understanding of legal compliance in compensation and benefits, including knowledge of international and local labor laws.
Qualifications
  • Bachelor's degree or Advanced Diploma in Human Resources, Business Administration, Finance, or a related field.
  • GRP Certification (essential).
  • CCP Certification (desirable).

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