Compensation and Benefits Specialist

Placements24; Mossel Bay; Hybrid; ZAR 700,000 - 1,100,000; Full time

Benefits offered by this job

Medical aid

Retirement plan

Annual leave

Bonuses

Hybrid work model

Job summary

Placements24 in Mossel Bay, Western Cape, is seeking a highly analytical Compensation and Benefits Specialist to design, implement, and administer compensation and benefits programs, including salary structures, health insurance, and retirement plans. This hybrid role combines in-office collaboration with remote work.

You will analyze market data, manage budgets, ensure compliance with SA legislation, and support the annual salary review and bonus processes.

Qualifications

• Bachelor’s degree in HR, Finance, Business Administration, or a related field.
• Minimum of 4–6 years of experience in compensation and benefits administration.
• Strong knowledge of compensation principles, practices, and regulations.
• Experience with health insurance and retirement plans administration.
• Proficiency in HRIS and advanced Excel for data analysis.
• Excellent analytical, problem-solving, and quantitative skills.
• Strong communication and interpersonal skills; ability to explain complex information clearly.
• Detail-oriented with high accuracy.
• Hybrid work experience preferred.
• Knowledge of Mossel Bay, Western Cape area is a plus.

Responsibilities

• Administer and manage compensation and benefits programs, ensuring competitiveness and compliance.
• Conduct market research to benchmark compensation and benefits.
• Develop and adjust salary structures, incentive plans, and bonus programs.
• Manage enrollment and administration for health insurance and retirement plans.
• Ensure compliance with South African legislation relevant to compensation and benefits.
• Create clear communications about compensation and benefits offerings.
• Collaborate with HR and Finance to manage compensation budgets.
• Analyze data to identify trends and recommend improvements.
• Support annual salary reviews and bonus processes.
• Serve as a point of contact for employee inquiries about compensation and benefits.

Skills

Analytical thinking

Advanced Excel

HRIS systems

Communication skills

Detail oriented

Education

Bachelor’s degree in HR, Finance, Business Administration, or related field

Tools

HRIS systems

Job description

About the Role

Our client, a prominent financial services institution, is looking for a highly analytical and detail-oriented Compensation and Benefits Specialist to join their esteemed team in Mossel Bay, Western Cape. This role is crucial for ensuring the company offers competitive and equitable compensation and benefits packages to attract and retain top talent. You will be responsible for the design, implementation, and administration of all compensation and benefits programs, including salary structures, incentive plans, health insurance, and retirement benefits. The successful candidate will work in a hybrid capacity, balancing essential in-office collaboration with the flexibility of remote work. This is an excellent opportunity to shape and influence the rewards strategy for a leading organization in a beautiful coastal setting.

Key Responsibilities

• Administer and manage the company’s compensation and benefits programs, ensuring competitiveness and compliance.
• Conduct market research and analysis to benchmark compensation and benefits against industry standards.
• Develop and recommend adjustments to salary structures, incentive plans, and bonus programs.
• Manage employee enrollment and administration for health insurance, retirement plans, and other benefits.
• Ensure compliance with all relevant South African legislation pertaining to compensation and benefits.
• Develop clear and concise communication materials to explain compensation and benefits offerings to employees.
• Collaborate with HR and Finance departments to manage budgets for compensation and benefits.
• Analyze compensation and benefits data to identify trends and provide recommendations for improvement.
• Support the annual salary review and bonus process.
• Serve as a point of contact for employees regarding their compensation and benefits inquiries.

Requirements

• A Bachelor’s degree in Human Resources, Finance, Business Administration, or a related field.
• A minimum of 4-6 years of experience in compensation and benefits administration.
• Strong knowledge of compensation principles, practices, and regulations.
• Experience with benefits administration, including health insurance and retirement plans.
• Proficiency in HRIS systems and advanced Excel skills for data analysis.
• Excellent analytical, problem-solving, and quantitative skills.
• Strong communication and interpersonal skills, with the ability to explain complex information clearly.
• Detail-oriented with a high degree of accuracy.
• Experience working in a hybrid work environment is preferred.
• Knowledge of Mossel Bay, Western Cape area or willingness to adapt to the local context is a plus.

Benefits

• Competitive salary package commensurate with experience.
• Annual performance bonuses.
• Comprehensive medical aid and retirement fund benefits.
• Generous annual leave and company holidays.
• Opportunities for professional development and certifications in C&B.
• A balanced hybrid work model offering flexibility.
• Scenic work location in Mossel Bay, Western Cape.
• Supportive and collaborative team environment.