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Remuneration Strategist

1 month ago

Johannesburg, Gauteng, South Africa Isilumko Staffing Full time
Remuneration Specialist Opportunity

We are seeking a highly skilled Remuneration Specialist to join our client's team in the laboratory services industry. This role offers the opportunity to make a significant impact by designing and implementing innovative remuneration strategies aligned with our client's organizational goals.

Key Responsibilities:
  • Researching trends in remuneration and identifying creative and innovative remuneration structures specific to the laboratory services industry.
  • Providing ongoing intelligence on market movements and potential threats from competitive poaching, recommending solutions to mitigate risks.
  • Offering advice on compensation policy interpretation, new hire offers, promotions, market analysis, and job evaluation within the context of laboratory services.
  • Providing analysis and advice during the annual increase and bonus processes tailored to the needs of the laboratory services sector.
  • Developing and maintaining the Job Grading Committees Terms of Reference, facilitating job evaluation processes, and managing grading requests database within the laboratory services industry.
  • Leading the job evaluation process to ensure internal equity and external competitiveness within the laboratory services sector.
  • Contributing to the development of remuneration and rewards strategies specific to the laboratory services industry and facilitating management training on rewards and remuneration.
  • Designing, developing, and implementing innovative incentive schemes aligned with business objectives in the laboratory services field.
  • Defining fair, equitable, and competitive total remuneration packages aligned with the client's laboratory services strategy and goals.
  • Ensuring remuneration practices comply with relevant regulatory requirements and standards in the laboratory services industry.
  • Participating in salary and labour market surveys specific to the laboratory services sector to determine prevailing remuneration rates and benefits.
  • Assisting with relevant Organizational Development projects and initiatives within the laboratory services industry as needed.
Requirements:
  • Bachelor's degree in related Human Resource or finance/payroll (NQF 7).
  • Registration with South African Rewards Association (SARA) desirable.
  • In-depth experience in HRMIS (Oracle advantageous).
  • Minimum of 6 years of experience in Remuneration and Rewards, preferably within the laboratory services industry.
  • Knowledge of remuneration benchmarking, rewards policies, market surveys, incentives, benefits, and legislative regulations specific to laboratory services.
  • Strong computer literacy and analytical skills.
  • Excellent coordination, planning, and implementation abilities.
  • Strong interpersonal and communication (verbal & written) skills.
  • Numerical proficiency and attention to detail.