Compensation Manager

Job Location : Gauteng, Johannesburg

Deadline : April 18

RESPONSIBILITIES AND ACCOUNTABILITIES (KEY PERFORMANCE AREAS & TASKS)

1. Developing Compensation Programs
   Design and implement competitive compensation programs.
   Socialise the workforce with the critical aspects of the compensation programmes.
   Ensure alignment across the business on the key principles of the compensation elements.
   Ensure payroll systems and Human Resource business partners are aligned in terms of the remuneration and compensation policies.
   Be knowledgeable in salary structuring and have insight into different pay policies and incentive plans.
   Have a broad knowledge of long-term and short-term incentive arrangements.
   Ensure compliance with third party SLA's.
2. Market Analysis
   Conduct regular salary surveys and market analysis to ensure compensation remains competitive with industry standards.
   Participate in job audits and recommend market best practice measures to the business.
   Oversee the employee grading platform and market data platforms and conduct role grading, as and when needed by the business.
   Ensure that a position to market analysis is conducted annually and is aligned with the annual salary increase process.
   Recommend increase allocation models based on annual market benchmarks.
3. Compliance
   Ensure compliance with local legislation concerning compensation and benefits.
4. Budget Management
   Assist in the preparation and management of the budget for compensation activities.
5. Employee Communication
   Communicate compensation information to employees, ensuring transparency and understanding.
   Educate HR business partners on all new compensation offerings and participate in the rollout and implementation of all new initiatives as and when necessary.
   Negotiate with vendors and administrators to secure the best plans, options, and rates for compensation programmes.
6. Performance Management
   Work with HR business partners and management to align compensation with performance management systems.
7. Training and Development
   Provide training and support to HR staff and managers on compensation, grading and benchmarking policies and practices.
8. Strategic Planning
   Assist in the collaboration with senior management to develop and implement strategic compensation plans that support organizational retention goals.

Competencies and Minimum Requirements

Qualifications: Bachelor's degree in human resources, Business Administration, or a related field.
SARA certification preferred.
Strong MS Office skills.

Experience: Several years of experience in compensation administration and management, HR, or a related field.
In-depth knowledge of HR practices and compensation models.
Must be able to work across functions.
Experience in managing projects and initiatives related to compensation.
Familiarity with local regulations related to compensation.