Group Rewards Specialist

Ignition Group; KwaZulu-Natal; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A leading company in South Africa is seeking a Group Rewards Specialist to enhance their compensation and benefits strategies. This role involves developing compensation frameworks, conducting market analysis, and ensuring compliance with legislation. The ideal candidate will have a strong background in HRIS and data analysis to optimize employee rewards and benefits effectively.

Qualifications

• Experience in designing compensation strategies and incentive schemes.
• Ability to conduct market analysis and stay compliant with legislation.

Responsibilities

• Develop and execute compensation strategies aligned with organizational goals.
• Oversee employee benefits programs and ensure compliance with regulations.
• Utilize HRIS for data analysis and reporting on compensation.

Skills

Compensation Strategies

Market Analysis

Data Analysis

Legislative Compliance

Process Improvement

Tools

HRIS

Compensation Software

Job description

At Ignition Group, we value our employees. It is this commitment to acquiring and retaining the right talent that has allowed us to become a leader in our industry.

To help us stay at the top of our game, we are looking for a well-rounded Group Rewards Specialist to join our vibrant team.

The Group Rewards Specialist will play a crucial role in defining our reward philosophy and maturing our reward practices, ensuring that we are able to attract and retain top talent, and reward high performance. This role will conduct thorough research and identify reward and benefit trends in order to provide insights and recommendations into effective management of employee remuneration and benefits.

The Group Rewards Specialist reports directly to the Group Chief HR Officer.

Responsibilities :

1. Develop Compensation Strategies

• Design and execute comprehensive compensation strategies tailored to attract and retain top talent while aligning with the organization's goals and budgetary constraints.
• Partner with HR colleagues and business leaders to ensure that compensation and benefits programs support the organization's strategic objectives and foster a high-performance culture.
• Establish and maintain pay scales to ensure internal and external equity. Ensure that job offers and increases are aligned to payscales and remuneration policies.

Incentive Schemes

• Provide input into the design of short and long term incentive schemes.
• Prepare bonus schedules aligned to performance scores and incentive scheme rules.

Conduct Market Analysis

• Participate in annual salary surveys and extract insights informing remuneration policy and practices, and compensation decisions, ensuring competitiveness and relevance.
• Identify and escalate remuneration gaps and risks.

Employee Benefits

• Oversee the design, implementation, and administration of employee benefits programs, including health insurance and retirement plans, in collaboration with relevant stakeholders.
• Keep abreast of best practices in this field and continuously review Ignition Group benefits.
• Facilitate Provident Fund Committee meetings.
• Collaborate with external vendors, consultants, and benefit providers to optimize rewards programs, negotiate contracts, and ensure service delivery excellence.

Employee Guidance

• Provide expert guidance and support to managers and employees on compensation and benefits-related matters, including policy interpretation and benefits enrolment.

Legislative Compliance

• Stay abreast of relevant legislation and regulatory changes affecting compensation and benefits practices, ensuring compliance with applicable laws and regulations.

Data Analysis and Reporting

• Utilize HRIS and compensation software to analyse data, generate reports, and derive actionable insights to inform decision-making and drive continuous improvement in rewards programs.
• Develop, maintain and run standard reports by monitoring, testing and auditing all HR data to ensure reward and benefits data is aligned to the reporting standards of the organisation. Re-calculating and modifying data extractions into “consumable” formats, delivering meaningful results, whilst observing data privacy guidelines.
• Scrutinise reward and benefit data by analysing the relevant information associated with the function to ensure information being represented is an accurate reflection of the organisation.
• Understand and resolve pay queries, with payroll managers and with system administrators by resolving processing issues affecting reporting outcomes. Prepare reports, graphs, charts and statistics as specified.

Process Improvement

• Identify opportunities for process optimization and automation to streamline compensation and benefits administration processes, enhance efficiency, and improve the employee experience.

Documentation and Communication

• Maintain accurate documentation of compensation and benefits policies, procedures, and guidelines, and communicate updates and changes effectively to relevant stakeholders.
• Manage compliance with relevant policies.
• Review remuneration proposals for job offers and internal salary reviews.
• Prepare for Quarterly Remco meetings and maintain all documentation for such meetings.
• Execute annually the job matching exercise for external remuneration surveys through compiling and submitting data to RemChannel.
• Provide pay comparisons using external benchmark data as well as internal reviews to inform recruitment, salary reviews, counter offers, and other pay-related processes.

Job Grading

• Facilitate the Job Grading process and ensure alignment of remuneration and benefits to grades.

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