Compensation Specialist

1 week ago


Cape Town, Western Cape, South Africa Integration Resourcing Full time
Job Description:

The Remuneration and Benefits Manager role at Integration Resourcing is a pivotal position that oversees the development and implementation of compensation strategies, ensuring alignment with organizational goals. This role is responsible for managing payroll processes, designing competitive salary structures, and creating incentive programs.

Key Responsibilities:

  • Design and implement remuneration policies, ensuring compliance with relevant legislation such as the Basic Conditions of Employment Act and Pay Equity regulations.
  • Manage payroll towards accurate and timely payment of salaries, oversee processing of payroll transactions, and identify any payroll risks.
  • Develop and review standard operating procedures for payroll processes, ensure adherence to controls, and conduct benchmarking to maintain competitiveness.
  • Oversee monetary and non-monetary employee benefits, including medical aid, retirement plans, risk benefits, and other benefits, ensuring operational processing and reconciliation.
  • Analyze compensation trends, prepare reports for management, and monitor key metrics such as turnover rates linked to compensation satisfaction.
  • Develop and maintain system and non-system generated reporting, enabling HR and line managers to determine labor market trends.

Requirements:

  • Bachelor's degree in Human Resources Management, Organizational Psychology, Finance, or a related field (NQF Level 7).
  • Advanced certifications such as SARA Reward Specialist or GRP certification are advantageous.
  • Minimum of 6 years in a remuneration or benefits management / senior specialist role.
  • Advanced end-to-end payroll management and administration experience, aligned to business banking systems.
  • Strong knowledge of relevant legislation and regulations, including the Labour Relations Act, Basic Conditions of Employment Act, Employment Equity Act, and Skills Development and Levies Act.
  • In-depth knowledge of statutory and discretionary payroll deductions and PAYE calculations.

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