SA Reward Consultant

1 week ago

Sandton, South Africa Investec Full time

Description

This role requires a consultant to give expert advice on reward, within the context of our culture and our remuneration philosophy, using remuneration research tools and benchmarking. The role further requires the consultant to manage, co-ordinate, facilitate and participate in the annual salary and bonus review cycle. Key relationships in the role include: Global Head of Reward; SA Head of P&O; Reward team; Staff Share Schemes; Benefits and Payroll; P&O Leads; P&O Consultants; Careers and Finance.

Experience, skills and capability

Remuneration Research - The successful candidate will need to:
• Track remuneration and reward trends in the market
• Research best practice around benefits and rewards
• Investigate new remuneration models based on business needs
• Compare salary and benefits for new job offers

Annual Reward Review:
• Project management of the annual reward process
• Communication with People Consultants, Divisional Heads and Line Managers
• Participation in divisional iteration processes
• Consolidation and analysis of proposals, followed by preparation of schedules for final approval by the Investec Group Remuneration Committee

Remuneration Benchmarking
• Participating in salary surveys by mapping individuals to comparable jobs in the survey in consultation with the line manager and People Consultants.
• Establish the comparability of jobs internally/externally, evaluate and group them according to their levels of responsibility, influence and importance. Then research what comparable jobs pay in the market as well as doing internal comparisons and gives recommendations on pay for individuals
• Analyze data from salary surveys sources to determine competitiveness both internally and externally as well as market demands to get a sense of skills scarcity.
• Do ad hoc specifically requested benchmarking by tapping into other external sources employment agencies and other remuneration professionals

Annual Reporting
• Contribute to the preparation of the remuneration sections of the Investec Bank Limited and DLC Annual Report & Accounts

Share Schemes
• Work closely with the Staff Shares team to deliver the employee shares proposition

Data Management
• Ownership of Reward data management 
• Working with the P&O Tech division to ensure relevant systems are functioning appropriately and lead on system updates when required

Investec Culture 

At Investec we look for intelligent, energetic people filled with passion, integrity and curiosity. We value individuals who in turn value our culture that is, a flexible attitude comfortable to live with ambiguity and willing to challenge the status quo. Diversity, talent and leadership are respected in pursuit of the growth of our business. People who can manage themselves and build strong relationships in order to get things done, will perform in out of the ordinary ways in our environment. 

We are committed to diversity and inclusion when recruiting internally and externally. 


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