HR Specialist - Compensation & Benefits

Placements24; Midrand; Hybrid; ZAR 550,000 - 850,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Retirement plan

Professional development

Hybrid work

Wellness program

EAP

International projects

Job summary

Placements24 in Midrand, Gauteng, seeks a highly analytical HR Specialist focused on Compensation and Benefits to design and manage competitive reward programs for a multinational environment. You will partner with HR Business Partners and senior leadership to align reward strategies with market trends and organizational goals.

Responsibilities include overseeing salary structures, annual reviews, and benefits administration, while ensuring compliance with SA regulations.

Qualifications

• Bachelor's degree in HR, Finance, Economics or related field required.
• Minimum 5 years of Compensation & Benefits analysis and administration.
• Strong knowledge of compensation principles, job evaluation, and market pricing.
• In-depth knowledge of SA benefits regulations (e.g., Pension Funds Act, Medical Schemes Act).
• Excellent analytical and problem-solving skills with high accuracy.
• Proficiency in Excel and HRIS systems (SAP HR, Oracle HCM).
• Strong communication and presentation skills; ability to explain complex info clearly.
• Ability to manage multiple projects independently in a large corporate environment.

Responsibilities

• Develop, implement, and administer compensation programs, including salary structures, job grading, and incentive plans.
• Manage the annual salary review and bonus processes, ensuring fairness and competitiveness.
• Oversee the administration of employee benefits programs, including medical aid, retirement funds, life insurance, and other perks.
• Conduct market research and analyze salary survey data to benchmark compensation and benefits against industry standards.
• Ensure compliance with all relevant legislation pertaining to compensation and benefits in Midrand.
• Advise HR Business Partners and management on compensation and benefits policies and practices.
• Develop communication materials to effectively explain compensation and benefits programs to employees.
• Partner with external vendors and providers for benefits administration and specialized compensation studies.
• Analyze data related to employee turnover, compensation equity, and benefits utilization to provide strategic insights.

Skills

Advanced Excel

HRIS proficiency

Market pricing knowledge

Strong communication

Education

Bachelor's degree in HR, Finance, or Economics

Tools

Excel

SAP HR

Oracle HCM

Job description

About the Role

Our client, a multinational corporation with a significant presence in Midrand, Gauteng , is seeking a highly analytical and experienced HR Specialist focused on Compensation and Benefits. This role is critical in designing, implementing, and managing competitive and equitable compensation and benefits programs that attract and retain top talent. You will work closely with HR Business Partners and senior leadership to ensure our reward strategies align with market trends and organizational goals. This is an exciting opportunity to contribute to a key HR function within a globally recognized company in Gauteng, ZA .

Key Responsibilities

• Develop, implement, and administer compensation programs, including salary structures, job grading, and incentive plans.
• Manage the annual salary review and bonus processes, ensuring fairness and competitiveness.
• Oversee the administration of employee benefits programs, including medical aid, retirement funds, life insurance, and other perks.
• Conduct market research and analyze salary survey data to benchmark compensation and benefits against industry standards.
• Ensure compliance with all relevant legislation pertaining to compensation and benefits in Midrand .
• Advise HR Business Partners and management on compensation and benefits policies and practices.
• Develop communication materials to effectively explain compensation and benefits programs to employees.
• Partner with external vendors and providers for benefits administration and specialized compensation studies.
• Analyze data related to employee turnover, compensation equity, and benefits utilization to provide strategic insights.

Requirements

• Bachelor's degree in Human Resources, Finance, Economics, or a related quantitative field.
• Minimum of 5 years of experience in Compensation and Benefits analysis and administration.
• Strong understanding of compensation principles, job evaluation methodologies, and market pricing.
• In-depth knowledge of South African benefits regulations (e.g., Pension Funds Act, Medical Schemes Act).
• Excellent analytical and problem-solving skills, with a high degree of accuracy.
• Proficiency in Excel (advanced functions, modeling) and HRIS systems (e.g., SAP HR, Oracle HCM).
• Strong communication and presentation skills, with the ability to explain complex information clearly.
• Ability to work independently and manage multiple projects simultaneously.
• Experience within a large corporate environment in Gauteng is preferred.

Benefits

• Competitive annual salary and bonus opportunities.
• Comprehensive health, dental, and vision insurance plans.
• Generous retirement savings plan with employer contributions.
• Opportunities for professional development and specialized training in C&B.
• Access to a state-of-the-art office facility in Midrand, Gauteng .
• Hybrid work arrangement for a better work-life balance.
• Employee assistance program and wellness initiatives.
• Potential for international C&B projects.