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Compensation and Benefits Specialist
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Compensation and Benefits Specialist
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Compensation and Benefits Analyst
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Compensation and Benefits Specialist
1 month ago
Isilumko Staffing is seeking a highly skilled Remuneration & Rewards Specialist to join our team. As a key member of our HR department, you will be responsible for designing and implementing effective remuneration and rewards strategies that align with our organization's goals and objectives.
Key Responsibilities:- Remuneration Strategy Development: Research and analyze market trends to identify creative and innovative remuneration structures that attract and retain top talent.
- Market Intelligence: Provide ongoing intelligence on market movements and potential threats to our organization, recommending solutions to mitigate risks.
- Compensation Policy Interpretation: Offer expert advice on compensation policy interpretation, new hire offers, promotions, market analysis, and job evaluations.
- Annual Increase and Bonuses: Provide advice and analysis on annual increases and bonuses, ensuring fairness and equity.
- Job Grading Committees: Develop and maintain the Job Grading Committees' Terms of Reference, ensuring consistency and fairness in job evaluations.
- Job Evaluation and Profiling: Render advice on job evaluation and job profiling for the Grading Committee, ensuring accurate and fair assessments.
- Job Descriptions and Grading Requests: Facilitate the development of job descriptions and implement an electronic database of grading requests, ensuring efficient and accurate processing.
- Job Evaluation Process: Lead and facilitate the job evaluation process within the organization, ensuring internal equity and external competitiveness.
- Remuneration and Rewards Strategies: Contribute to the development of remuneration and rewards strategies that align with our organization's goals and objectives.
- Management Training: Facilitate management training on rewards and remuneration, ensuring that our leaders understand the importance of effective compensation and benefits.
- Incentive Schemes: Design, develop, and implement innovative incentive schemes that reward performance aligned to business objectives.
- Total Remuneration Package: Define a fair, equitable, and competitive total remuneration package that aligns with our organization's strategy and business goals.
- Regulatory Compliance: Ensure that remuneration practices comply with relevant regulatory requirements and standards.
- Salary and Labour Market Surveys: Participate in salary and labour market surveys to determine prevailing remuneration rates and benefits.
- Bachelor's Degree: A Bachelor's Degree in Human Resource, Finance, or Payroll is required.
- Registration: Registration with the South African Rewards Association (SARA) is mandatory.
- Experience: A minimum of 6 years of experience in Remuneration and Rewards is required.
- Knowledge: Extensive knowledge of remuneration benchmarking, rewards policies and procedures, market surveys, and various types of incentives and benefits is essential.
- Computer Literacy: Proficiency in HRMIS (Oracle advantageous) and computer literacy is required.
