Senior Compensation and Benefits Analyst

Placements24; Gqeberha; Hybrid; ZAR 700,000 - 1,100,000; Full time

Benefits offered by this job

Medical aid

Provident fund

Life assurance

Hybrid work model

Professional development

Job summary

Placements24 in Port Elizabeth, Eastern Cape, is seeking a Senior Compensation and Benefits Analyst to design, implement, and administer our compensation and benefits programs in a hybrid work environment.

The role requires 5+ years in C&B, knowledge of SA labor law, expertise in job evaluation, salary benchmarking, Excel and HRIS, and the ability to translate data into actionable insights. You will partner with HRBPs and management to optimize total rewards and drive talent retention.

Qualifications

• Bachelor's degree in HR, Finance, Economics, or related quantitative field.
• Minimum 5 years of progressive compensation and benefits analysis experience.
• Proven ability in job evaluation, salary benchmarking, and incentive plan design.
• Strong knowledge of South African labor law related to compensation and benefits.
• Proficiency in Excel and HRIS systems; data-driven decision making.

Responsibilities

• Analyze market compensation data and industry trends to develop competitive salary structures and incentive plans.
• Design, implement, and manage employee benefits programs, including health insurance, retirement plans, and wellness initiatives.
• Conduct job evaluations and ensure accurate job grading and salary benchmarking.
• Administer all compensation and benefits programs, ensuring accuracy and compliance.
• Prepare and present reports on compensation and benefits costs, trends, and recommendations to senior management.
• Manage relationships with external vendors and service providers for benefits administration.
• Ensure compliance with all relevant legislation pertaining to compensation and benefits.
• Develop communication materials to effectively explain compensation and benefits programs to employees.
• Participate in HR projects related to total rewards strategy and implementation.
• Provide guidance and support to HR Business Partners and management on C&B matters.
• Stay updated on best practices and regulatory changes in compensation and benefits.

Skills

Analytical skills

C&B knowledge

Data modeling

Excel

HRIS

Communication

Retail knowledge

Education

Bachelor's degree in HR/Finance/Economics or related field

Tools

Excel

HRIS

Salary surveys

Job description

About the Role

Our client, a significant player in the retail sector, is seeking a meticulous and analytical Senior Compensation and Benefits Analyst to join their HR team in Port Elizabeth, Eastern Cape. This role is responsible for the design, implementation, and administration of the company's compensation and benefits programs, ensuring they are competitive, equitable, and aligned with business objectives. The ideal candidate will possess strong analytical skills, a deep understanding of C&B principles, and the ability to translate complex data into actionable insights. This is a key role in attracting and retaining top talent within the organization.

Key Responsibilities

• Analyze market compensation data and industry trends to develop competitive salary structures and incentive plans.
• Design, implement, and manage employee benefits programs, including health insurance, retirement plans, and wellness initiatives.
• Conduct job evaluations and ensure accurate job grading and salary benchmarking.
• Administer all compensation and benefits programs, ensuring accuracy and compliance.
• Prepare and present reports on compensation and benefits costs, trends, and recommendations to senior management.
• Manage relationships with external vendors and service providers for benefits administration.
• Ensure compliance with all relevant legislation pertaining to compensation and benefits.
• Develop communication materials to effectively explain compensation and benefits programs to employees.
• Participate in HR projects related to total rewards strategy and implementation.
• Provide guidance and support to HR Business Partners and management on C&B matters.
• Stay updated on best practices and regulatory changes in compensation and benefits.

Requirements

• A Bachelor's degree in Human Resources, Finance, Economics, or a related quantitative field.
• A minimum of 5 years of progressive experience in compensation and benefits analysis.
• Proven experience in job evaluation, salary benchmarking, and designing incentive plans.
• In-depth knowledge of South African labor law related to compensation and benefits.
• Strong analytical, modeling, and problem-solving skills, with proficiency in Excel and HRIS systems.
• Excellent communication and presentation skills, with the ability to articulate complex information clearly.
• Experience in the retail sector is advantageous.
• Ability to work collaboratively in a hybrid environment.
• Detail-oriented with a high level of accuracy.
• Relevant professional certifications (e.g., CCP, CBP) are a plus.

Benefits

• Our client offers a competitive salary and a comprehensive benefits package, including excellent medical aid options, a provident fund, and life assurance.
• Opportunities for professional development and specialized training in C&B are available.
• The company promotes a healthy work-life balance with a hybrid work model, offering flexibility.
• Join a supportive HR team and contribute to the strategic development of talent management practices in Port Elizabeth.