Compensation & Benefits Manager

2 weeks ago

Centurion, South Africa Jobted ZA C2 Full time

Purpose of the Role:

- To design, oversee, and manage the organisations compensation and benefits programs whilst ensuring that the organisations compensation structure, including salaries, performance-based incentives, and benefits, is competitive and aligned with the organisations strategic objectives.
- To collaborate with various stakeholders within the Group to develop and maintain effective compensation and/or remuneration and/or benefits policies that seek to attract, retain, and motivate employees.
- To provide employees with timeous, accurate, salary payments compliant with all applicable legislative requirements and implement remuneration-related policies.

Minimum Job Requirements:

- B.Com in Accounting or equivalent Degree with a specialisation in Payroll Management.
- Post Graduate qualification, an added advantage.
- Minimum 10 years experience in compensation and benefits management and/or payroll management.
- Minimum 3 years as a Payroll or Remuneration or Compensation & Benefits Manager.
- Information Management System i.e. SAP HR Module / Oracle. Advanced Excel.
- Membership of a professional body focused on compensation and benefits an advantage.

Responsibilities and Duties:
Report to the HR Operations Executive:

- Develop and implement compensation strategies and structures.
- Develop and/or review and implement compensation and benefits policies.
- Conduct regular surveys and market research to ensure competitive compensation practices.
- Analyse compensation data and trends to make informed decisions on salary adjustments, bonuses, and/or incentives.
- Collaborate with HR and Management to develop job descriptions and perform job evaluations.
- Provide guidance and support to HR and Management on compensation and benefits-related matters.
- Prepare and present reports on compensation and benefits metrics as well as other relevant HR Analytics, when required, to Senior Management.
- Prepare relevant compensation and benefits reports for Executive Management, Board Committees and the Board of Directors.
- Collaborate with the HR Executive to prepare written submissions for the approval of the Executive Committee and or the Board Committees.
- Roll out benefits initiatives across the company and provide education and training on various types of benefits to Managers and employees.
- Manage all Payroll activities, establishing appropriate checks and balances to ensure on-time payment, compliance, and accuracy.
- Ensure smooth running of the administration of benefits.
- Manage payroll processes, salary reviews and incentive schemes.
- Responsible for the integrity of data on the HR Management Information system.
- Ensure consistency in the application of Human Resource policies, benefits and guidelines.
- Manage the preparation of the Groups annual workforce and salary budget including the evaluation of the need for new positions and the total remuneration cost and submission thereof.
- Provide support for the review of personnel request to ensure that additional staff or change requests are justified in accordance with budgets, structure and business principles in compliance with organisation design principles.
- Manage and oversee administration of the groups leave management, time and attendance processes, and retirement benefits.
- Execute reconciliations to provident/retirement fund, submit UIF returns, administer all tax affairs related to payroll, prepare bi-annual PAYE returns and prepare and reconcile 3rd party payments.
- Liaise with IT on SAP notes and upgrades related to payroll.
- Assist Auditors with internal, external, and SHEQ audits.
- Ensure good governance and audit protocols are followed by ensuring appropriate controls are in place, processes and procedures are documented and reviewed regularly; and that the highest standards of accuracy and rigour are maintained.

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