Compensation and Benefits Analyst

Placements24; Durban; Hybrid; ZAR 420,000 - 660,000; Full time

Benefits offered by this job

Medical aid

Pension fund

Hybrid work model

Training & development opportunities

Job summary

Placements24 in Durban seeks a Compensation and Benefits Analyst to design and manage competitive compensation and benefits programs. You will research market data, analyze trends, and support pay equity initiatives while ensuring regulatory compliance.

The role requires strong quantitative skills, experience with Excel and HRIS, and the ability to communicate complex information clearly to management and staff. A hybrid work setup in Durban supports flexibility and collaboration.

Qualifications

• Strong analytical skills with ability to interpret and present complex data.
• Excellent written and verbal communication.
• Ability to handle confidential information with discretion.

Responsibilities

• Conduct market research and salary benchmarking to ensure competitive packages in Durban.
• Analyze compensation data, prepare reports, and recommend salary adjustments and pay equity.
• Administer and manage employee benefits programs including health insurance and pensions.
• Ensure compliance with relevant labor laws and compensation regulations.

Skills

Analytical thinking

Data analysis

Communication

Discretion

Education

Bachelor's degree in HR/Finance/Economics

Tools

Excel

Pivot tables

VLOOKUP

HRIS

Job description

About the Role

Our client is seeking a highly analytical and detail-oriented Compensation and Benefits Analyst to join their established HR department in Durban, KwaZulu-Natal . This role is crucial for designing, implementing, and managing competitive and equitable compensation and benefits programs that attract and retain top talent. The Analyst will be responsible for market research, data analysis, program evaluation, and ensuring compliance with all relevant regulations. This is a significant opportunity to contribute to the financial well-being and overall employee satisfaction within a respected organization in Durban . We are looking for a professional with a strong quantitative aptitude and a solid understanding of compensation and benefits principles. The ideal candidate will be adept at leveraging data to drive strategic decisions related to total rewards, ensuring our client remains an attractive employer in the South African market. This role requires a meticulous approach to data management and a commitment to upholding fairness and transparency in all compensation and benefits practices.

Key Responsibilities

• Conduct market research and salary benchmarking to ensure competitive compensation and benefits packages in Durban, KwaZulu-Natal .
• Analyze compensation data, prepare reports, and make recommendations for salary adjustments and pay equity.
• Administer and manage employee benefits programs, including health insurance, retirement plans, and wellness initiatives.
• Ensure compliance with all relevant labor laws and regulations pertaining to compensation and benefits.
• Develop and maintain job descriptions and salary structures.
• Collaborate with HR team and management to communicate compensation and benefits information effectively to employees.
• Evaluate the effectiveness of existing programs and recommend improvements.
• Manage vendor relationships related to benefits providers.
• Assist with the annual salary review process and bonus administration.
• Prepare presentations and reports for senior management on compensation and benefits trends and strategies.

Requirements

• Bachelor's degree in Human Resources, Finance, Economics, or a related field.
• Minimum of 4 years of experience in compensation and benefits analysis or a similar role.
• Strong analytical skills with proven ability to interpret and present complex data.
• Proficiency in Microsoft Excel, including advanced functions such as pivot tables and VLOOKUP.
• Knowledge of compensation and benefits principles, practices, and regulations in South Africa.
• Experience with HRIS and payroll systems is preferred.
• Excellent written and verbal communication skills.
• High level of accuracy and attention to detail.
• Ability to handle confidential information with discretion.
• Strong problem-solving skills and a proactive approach.

Benefits

• Our client offers a competitive salary, a comprehensive benefits package including medical aid and pension fund, and opportunities for professional development within the HR field.
• Employees will enjoy a supportive work environment in Durban , exposure to strategic HR initiatives, and the chance to contribute to a company committed to employee well-being.
• We provide a hybrid work model, regular training opportunities, and a culture that values analytical thinking and precision.
• Additional benefits include employee assistance programs and opportunities to participate in company-wide wellness initiatives.