Compensation and Benefits Specialist

Placements24; Mtubatuba Local Municipality; Hybrid; ZAR 600,000 - 1,000,000; Full time

Benefits offered by this job

Medical aid

Pension fund

Performance-based bonuses

Job summary

Placements24 is seeking a detail-oriented Compensation and Benefits Specialist to join the HR team in Richards Bay, KwaZulu-Natal. You will design and administer compensation structures and benefits programs, ensuring equity, compliance, and market competitiveness.

The role involves managing annual salary reviews, benchmarking, and communicating compensation details to employees, while ensuring alignment with labor regulations and process improvements.

Qualifications

• Bachelor's degree in HR, Finance, or related field.
• Minimum of 4 years in compensation and benefits administration.
• Strong understanding of compensation principles, salary structures and incentive plans.
• In-depth knowledge of employee benefits programs (health, retirement, insurance).
• Proficiency in HRIS systems and advanced Excel for data analysis.
• Solid understanding of South African labor law and compliance regulations.
• Excellent analytical, problem-solving, and communication skills.
• Ability to manage multiple projects and meet deadlines.
• Experience in Richards Bay, KwaZulu-Natal is a plus.

Responsibilities

• Design, develop, and administer compensation structures and salary bands.
• Manage annual salary review, market benchmarking and merit increases.
• Administer health, life, disability, and retirement benefit programs.
• Ensure compliance with South African labor laws related to compensation and benefits.
• Conduct market research to ensure competitiveness of compensation offerings.
• Develop and deliver clear communication to employees about compensation and benefits.
• Manage relationships with external vendors for benefits administration.
• Analyze HR data to identify trends and provide insights for decision-making.
• Support workforce planning and talent management with compensation insights.
• Oversee payroll inputs related to compensation adjustments.

Skills

Advanced Excel

HRIS proficiency

Data analysis

Regulatory compliance

Education

Bachelor's degree in Human Resources, Finance, or Business Administration

Tools

HRIS systems

Job description

About the Role

Our client is seeking a detail-oriented and analytical Compensation and Benefits Specialist to join their HR team in Richards Bay, KwaZulu-Natal. This role is crucial for ensuring our client's compensation and benefits programs are competitive, equitable, and compliant with all relevant legislation. The Specialist will be responsible for the design, implementation, and administration of various programs, including salary structures, incentive plans, health insurance, retirement benefits, and other employee perks. This is an excellent opportunity to contribute to employee well-being and organizational success in Richards Bay, KwaZulu-Natal.

Key Responsibilities

• Design, develop, and administer competitive and equitable compensation structures and salary bands.
• Manage the annual salary review process, including market benchmarking and merit increase recommendations.
• Administer employee benefits programs, such as health insurance, life insurance, disability, and retirement plans.
• Ensure compliance with all relevant South African labor laws and regulatory requirements related to compensation and benefits.
• Conduct market research and analysis to ensure the competitiveness of compensation and benefits offerings.
• Develop and deliver clear communication to employees regarding their compensation and benefits packages.
• Manage relationships with external vendors and service providers for benefits administration.
• Analyze HR data related to compensation and benefits to identify trends and provide insights for strategic decision-making.
• Support the HR team in workforce planning and talent management initiatives by providing compensation insights.
• Oversee the administration of payroll inputs related to compensation and benefits adjustments in Richards Bay, KwaZulu-Natal operations.

Requirements

• Bachelor's degree in Human Resources, Finance, Business Administration, or a related field.
• Minimum of 4 years of experience in compensation and benefits administration.
• Strong understanding of compensation principles, salary structures, and incentive plans.
• In-depth knowledge of employee benefits programs, including health, retirement, and insurance.
• Proficiency in HRIS systems and advanced Excel skills for data analysis.
• Solid understanding of South African labor law and compliance regulations.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong communication and interpersonal skills, with the ability to explain complex information clearly.
• Ability to manage multiple projects and meet deadlines.
• Experience within the Richards Bay, KwaZulu-Natal industrial sector is a plus.

Benefits

• Our client offers a highly competitive salary, a comprehensive benefits package including medical aid, a generous pension fund, and performance-based bonuses.
• This hybrid role based in Richards Bay, KwaZulu-Natal offers excellent opportunities for professional development and career advancement within a growing organization.
• We foster a collaborative work environment and provide a strong emphasis on employee well-being.
• Enjoy ample paid time off and access to continuous learning resources.