Reward Specialist

multiSEARCH Recruitment; Durban; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A recruitment agency in South Africa is looking for a skilled Compensation and Benefits Manager to oversee total reward solutions and enhance employee retention. The ideal candidate will have a relevant degree and 3-5 years of experience in compensation and benefits. Responsibilities include analyzing remuneration data, managing third-party vendors, and ensuring compliance with labour laws. This position offers an opportunity to influence employee behaviour positively within a dynamic organization.

Qualifications

• 3-5 years of experience in a reward/compensation & benefits role.
• Ability to do job evaluations and apply policies accurately.
• Experience managing third-party vendors and service level agreements.

Responsibilities

• Partner with HR to propose total reward solutions.
• Manage market survey submissions and analyze data.
• Evaluate and recommend changes to compensation practices.
• Manage medical aid and disability funds for employees.
• Conduct audits to ensure compliance with remuneration practices.

Skills

Compensation management

Analytical skills

Knowledge of SA labour laws

Vendor management

Education

Relevant business degree

Job description

• Partner with HR business partners to identify and propose total reward solutions to influence employee behaviour, to attract and retain.
• Manage the completion of market survey submissions and data analysis.
• Analyze remuneration and benefits across the business report on findings including internal equity and external competitiveness.
• Evaluate and recommend changes to increase the effectiveness, alignment and competitive positioning of the Group’s compensation practices, including base salary and annual incentive programmes.
• Establish, administer, manage, and review the Group’s employee remuneration and benefits system, including the integration of benefit programmes following any mergers and acquisitions.
• Devise, maintain and monitor fair and equitable pay rates across the Group.
• Participate in the management of year-end pay and benefits review and bonus payment cycle.
• Recommend corrective or alternative actions to resolve compensation-related issues.
• Manage medical aid and disability funds, identify, and implement benefits to increase the quality of life for employees, by working with brokers, considering the risks and cost implications, and researching benefits.
• Provide expert knowledge to assist in the selection of third parties to provide the best HR solutions and services.
• Manage third-party vendors such as brokers and consultants and mediate between vendors and employees.
• Manage service level agreements with benefits service providers.
• Perform audits to ensure compliance with the remuneration structure.
• Manage the administration of the Group’s profit share programme.
• Design and implement specific projects relating to compensation and benefits as required.
• Participate in the compilation and provision of all requisite information for the external audit and for the remuneration components of the annual report.

Requirements

• Relevant business degree
• Minimum of 3 – 5 years in a reward / compensation & benefits environment.
• Comprehend, interpret and apply policies with accuracy and clarity.
• Knowledge of SA labour laws and Employment Practices.
• Must be able to do job evaluations.