Compensation and Benefits Consultant

TransUnion; Johannesburg; On-site; ZAR 40 000 - 80 000; Full time

Job summary

Join a forward-thinking company as a Compensation and Benefits Specialist, where you'll manage compensation programs and ensure compliance with South African regulations. This role offers the chance to lead Remco meetings, develop compensation structures, and utilize Workday for analytics. With a focus on transformation initiatives, you'll play a pivotal role in shaping equitable pay practices and supporting executive decision-making. If you're passionate about driving change in compensation strategies and thrive in a collaborative environment, this opportunity is for you!

Qualifications

• 5+ years of experience in compensation and benefits administration.
• Extensive knowledge of South African labor laws and regulations.

Responsibilities

• Manage and administer compensation and benefits programs.
• Lead Remco meetings and provide insights on compensation strategies.

Skills

Compensation Planning

Regulatory Compliance

Benefits Administration

Analytical Skills

Communication Skills

Leadership

Education

Bachelor's degree in Human Resources

Business Administration

Tools

Workday

Job description

At TransUnion, we strive to build an environment where our associates are in the driver’s seat of their professional development, while having access to help along the way. We encourage everyone to pursue passions and take ownership of their careers. With the support of colleagues and mentors, our associates are given the tools needed to get where they want to go. Regardless of job titles, our associates have the opportunity to learn new things and be a leader every day.

Come be a part of our team – you’ll work with great people, pioneering products and cutting-edge technology.

We are seeking a highly skilled Compensation and Benefits Specialist to join our team. The ideal candidate will have extensive experience in compensation planning, regulatory compliance, and benefits administration, with a strong focus on South African regulations and transformation initiatives. This role requires expertise in compensation structures, analytics, and the ability to lead Remuneration Committee (Remco) meetings. Experience with Workday and knowledge of Short-Term Incentives (STI) versus Long-Term Incentives (LTI) is essential.

Key Responsibilities:

Compensation and Benefits Administration: Manage and administer compensation and benefits programs, ensuring compliance with South African regulations and company policies.

Regulatory Compliance: Maintain up-to-date knowledge of regulatory requirements, including BEE (Black Economic Empowerment) and transformation initiatives. Ensure compliance with Department of Labour audits and requirements.

Workday System Utilization: Utilize the Workday system for compensation planning, benefits administration, and analytics.

Compensation Structures: Develop and manage various compensation structures and ranges, ensuring competitive and equitable pay practices.

Africa Experience: Leverage experience in African markets to inform compensation strategies and practices.

Compensation Planning Cycles: Lead and manage compensation planning cycles, including the preparation of Remco packs and analytics.

Remco Leadership: Lead Remco meetings, providing insights and recommendations on compensation strategies and practices.

Executive Support: Support the Executive Committee (Exco) in plotting compensation strategies, including analytics and divisional/departmental compensation planning.

Grading Systems: Be familiar with different types of grading systems and their application within the organization.

STI vs LTI Knowledge: Demonstrate knowledge of Short-Term Incentives (STI) versus Long-Term Incentives (LTI) and their impact on employee motivation and retention.

Qualifications:

Bachelor's degree in Human Resources, Business Administration, or a related field.

Minimum of 5years of experience in compensation and benefits administration.

Extensive knowledge of South African labor laws and regulations.

Experience with BEE and transformation initiatives.

Proficiency in using Workday for compensation and benefits management.

Strong analytical skills and experience in preparing and presenting compensation analytics.

Excellent communication and interpersonal skills.

Ability to lead and manage Remco meetings effectively.

Experience in supporting executive-level decision-making.

Familiarity with various grading systems and compensation structures.

Knowledge of STI vs LTI and their application in compensation planning.

Preferred Qualifications:

Experience working in African markets.

Advanced degree or certification in Human Resources or Compensation and Benefits.