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Executive Reward Strategist

1 week ago

Durban, KwaZulu-Natal, South Africa Babylonstoren Full time
Job Overview
As a key member of the iK Talent team, you will play a pivotal role in elevating our rewards strategy to make a lasting impact. Your proactive approach, detail-driven expertise, and ability to craft meaningful reward frameworks will engage and inspire employees across all levels.

About Us
iKhokha is a FinTech company that empowers small businesses in South Africa by providing innovative solutions. Our fast-paced and ever-changing environment requires a Reward Manager who can thrive in this dynamic setting and deliver fresh, forward-thinking solutions.

Key Responsibilities
Design and implement impactful cash and non-cash reward and recognition programs, covering salary management, annual bonuses, benefits, and employee recognition.
Own and refine reward processes and policies, including salary reviews, bonus allocations, job grading, and harmonization.
Conduct regular benchmarking and salary/benefits surveys to ensure our offerings remain competitive and aligned with market trends.
Design and implement end-to-end compensation and benefits strategies.
Engage and work with the Executive Team to understand business issues and develop reward solutions that support business objectives and overall strategy.
Create a reward framework and policy for the business and guide all reward elements (pay, benefits, plans, and policies).
Implement senior long-term incentive and retention plans.
Manage the reward aspect of all People policies.
Develop T&Cs, employee handbooks, and other contractual documents in conjunction with the Talent Ops team.
Support HRIS and related Reward, Compensation, and Benefits policies in line with the Payroll/Finance team, and contribute to the selection and management of 3rd party suppliers including pension, healthcare, and insurance providers.
Ensure compliance with reward processes, including data processing.
Prepare reward statistical reports and coordinate external market reviews on salary and benefit packages.
Analyze compensation trends to review and update the pay and benefits packages for the company.
Manage staff pay scales, including the identification and recommendation of specialist skills groups.

Required Skills and Qualifications
Honours or Bachelor's Degree
5+ years of relevant experience in a business size of employees
Strong stakeholder management at all levels
Advanced skills in data analysis & interpretation
Experience in managing projects
Strong ability to work autonomously in a structured way
Strong personality with a 'hands-on' & 'can-do' mentality
Strong understanding of how reward can add value across areas such as talent and employee engagement
Strong numerical and advanced analytical skills
South African Market knowledge
Ability to work under pressure

Benefits
Enjoy hybrid, remote, and in-office work models
Competitive remuneration and benefits, including reduced Gap cover rates, Medical Aid and Group Risk scheme contributions
Seize the opportunity for study leave and access to on-demand learning at your fingertips
Experience a friendly, collaborative culture with a team of all-round-lekker humans