Compensation and Benefits Specialist

Placements24; Benoni; Hybrid; ZAR 600,000 - 800,000; Full time

Benefits offered by this job

Hybrid work arrangement

Professional development opportunities

Medical and retirement benefits

Job summary

Placements24 in Benoni, Gauteng, seeks a Compensation and Benefits Specialist to design and manage equitable pay and benefits packages. You will perform market benchmarking, handle salary reviews, and partner with HR and finance to ensure legal compliance and competitive total rewards.

The role offers a hybrid work arrangement, ongoing professional development, and opportunities to influence employee well-being and organizational competitiveness.

Qualifications

• Bachelor's degree in HR, Finance, Economics or related quantitative field.
• 3–5 years of compensation and benefits administration experience.
• Strong Excel and HRIS proficiency; knowledge of compensation methods.
• Familiarity with SA labor laws related to compensation and benefits.
• Excellent communication and interpersonal skills; able to manage multiple projects.

Responsibilities

• Design, implement, and administer compensation and benefits programs, including salary structures, incentive plans, and health and welfare benefits.
• Conduct market research and benchmarking to ensure packages are competitive and equitable.
• Analyze salary data, job grading, and performance metrics to make recommendations for adjustments.
• Manage relationships with external benefits vendors and service providers.
• Ensure compliance with relevant legislation, including the Basic Conditions of Employment Act and other regulations.
• Develop clear communication materials to inform employees about compensation and benefits.
• Administer enrollment for benefits programs and resolve related queries.
• Assist in development and management of the annual salary review process.
• Prepare reports and analyses on compensation and benefits costs and trends.
• Support HR projects related to total rewards and employee well-being.

Skills

Analytical skills

Excel

HRIS

Communication skills

Project management

Education

Bachelor's degree in HR/Finance/Economics or related quantitative field

Tools

HRIS software

Job description

About the Role

Our client, a significant player in the financial services sector located in **Benoni, Gauteng**, is seeking a highly analytical and detail-oriented Compensation and Benefits Specialist. This role is critical in designing, implementing, and managing competitive and equitable compensation and benefits programs that attract, retain, and motivate employees. The successful candidate will work closely with HR leadership and finance teams to ensure programs are aligned with market trends, company strategy, and legal requirements. This is an excellent opportunity for a specialist to make a tangible impact on employee well-being and organizational competitiveness in **Benoni**. You will be instrumental in crafting and managing packages that reward and recognize our client's valuable workforce.

Key Responsibilities

• Design, implement, and administer compensation and benefits programs, including salary structures, incentive plans, and health and welfare benefits.
• Conduct market research and benchmarking to ensure compensation and benefits packages are competitive and equitable.
• Analyze salary data, job grading, and performance metrics to make recommendations for adjustments.
• Manage relationships with external benefits vendors and service providers.
• Ensure compliance with all relevant legislation, including the Basic Conditions of Employment Act and other relevant regulations.
• Develop clear and concise communication materials to inform employees about their compensation and benefits.
• Administer employee enrollment for benefits programs and resolve related queries.
• Assist in the development and management of the annual salary review process.
• Prepare reports and analyses on compensation and benefits costs and trends.
• Support HR projects related to total rewards and employee well-being.

Requirements

• Bachelor's degree in Human Resources, Finance, Economics, or a related quantitative field.
• 3-5 years of experience in compensation and benefits administration.
• Strong analytical skills with proficiency in Excel and HRIS systems.
• Knowledge of compensation methodologies, job evaluation techniques, and benefits design.
• Understanding of South African labor laws related to compensation and benefits.
• Excellent communication, presentation, and interpersonal skills.
• Ability to manage multiple projects and meet deadlines in a fast-paced environment.
• High attention to detail and accuracy.
• Experience working within the **Gauteng** region is preferred.

Benefits

• Competitive annual salary with potential for performance-based increases.
• Comprehensive medical and retirement benefits package.
• Hybrid work arrangement offering a blend of office and remote work flexibility.
• Opportunities for professional development and certifications in C&B.
• A stimulating and collaborative work environment in **Benoni**.
• Access to advanced analytics tools and resources.
• Regular engagement with senior leadership on strategic reward initiatives.
• Company-sponsored wellness programs.