Rewards Specialist

2 days ago

Durban, South Africa Tych Business Solutions Full time

Partner with HR business partners to identify and propose total reward solutions to influence employee behaviour, to attract and retain.
Manage the completion of market survey submissions and data analysis.
Analyze remuneration and benefits across the business report on findings including internal equity and external competitiveness.
Evaluate and recommend changes to increase the effectiveness, alignment and competitive positioning of the Group’s compensation practices, including base salary and annual incentive programmes.
Establish, administer, manage, and review the Group’s employee remuneration and benefits system, including the integration of benefit programmes following any mergers and acquisitions.
Devise, maintain and monitor fair and equitable pay rates across the Group.
Participate in the management of year-end pay and benefits review and bonus payment cycle.
Recommend corrective or alternative actions to resolve compensation-related issues.
Manage medical aid and disability funds, identify, and implement benefits to increase the quality of life for employees, by working with brokers, considering the risks and cost implications, and researching benefits
Provide expert knowledge to assist in the selection of third parties to provide the best HR solutions and services.
Manage third-party vendors such as brokers and consultants and mediate between vendors and employees.
Manage service level agreements with benefits service providers.
Perform audits to ensure compliance with the remuneration structure.
Manage the administration of the Group’s profit share programme.
Design and implement specific projects relating to compensation and benefits as required.
Participate in the compilation and provision of all requisite information for the external audit and for the remuneration components of the annual report.
Qualifications and Experience
Relevant business degree
Minimum of 3 - 5 years in a reward / compensation & benefits environment.
Skills and Competencies
Proven analytical skills.
Strong attention to detail.
Ability to manage self.
Forward thinking
Ability to multitask and prioritize projects.
Knowledge of SA labour laws and Employment Practices.
**Whats important**:
Must be able to do job evaluations.
Related Degree.
The Hiring Manager wants a pure Reward Specialist.
Between 5 - 7 Years

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