Compensation and Benefits Specialist
2 weeks ago
Isilumko Staffing is seeking a highly skilled Remuneration & Rewards Specialist to lead our organisation's compensation and benefits strategies.
As a key member of our Human Resources team, you will be responsible for developing and implementing innovative remuneration and rewards programs that align with our business objectives.
Key Responsibilities:
Responsibilities- Researching trends in remuneration and identifying creative and innovative remuneration structures.
- Providing ongoing intelligence on movements in the market and potential threats to the organisation from competitive poaching and recommending solutions.
- Providing advice regarding compensation policy interpretation, new hire offers, promotions, market analysis and job evaluations.
- Providing advice and analysis through the annual increase and bonuses.
- Developing and maintaining the Job Grading Committees Terms of Reference.
- Rendering advice with regards to job evaluation, job profiling for Grading Committee.
- Facilitating the development of job descriptions, implementing and managing an electronic database of grading requests.
- Leading and facilitating the job evaluation process within the organisation.
- Participating as part of the job evaluation of the organisation to ensure internal equity and external competitiveness is maintained.
- Contributing to the development of the remuneration and rewards strategies of the organisation.
- Facilitating management training of rewards and remuneration within the organisation.
- Facilitating the design, development and implementation of innovative incentive schemes to reward performance aligned to business objectives.
- Defining a fair, equitable and competitive total remuneration package that is aligned to the organisation strategy and business goals.
- Ensuring that remuneration practices comply with relevant regulatory requirements and standards.
- Participating in salary and labour market surveys to determine prevailing remuneration rates and benefits.
- Assisting with all relevant Organisational Development projects and initiatives based on the needs of the department.
Minimum Requirements:
Requirements- Bachelors Degree in Human Resource/finance/payroll.
- Registration with South African Rewards Association (SARA).
- Extensive experience in HRMIS (Oracle advantageous).
- 6 years experience in Remuneration and Rewards.
- Knowledge of Remuneration benchmarking.
- Knowledge of Rewards Policies and Procedures.
- Knowledge of market surveys.
- Knowledge of various types of incentives and benefits.
- Knowledge of relevant legislative regulations.
- Computer literate.
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