Remuneration and Benefits Specialist - Parktown at Hollard Insurance

Job Purpose

• The main purpose of the role is to design, implement and administrate reward strategies for Hollard with the goal of creating a robust and fit-for-purpose total reward environment.  The primary objective is to ensure that the organization's compensation and benefits policies are competitive, compliant with relevant laws and regulations, and aligned with the company's overall strategy.

Key Responsibilities include:

• Develop, design, implement and manage (administrate) appropriate compensation strategies within the Total Rewards framework that attract, retain and motivate employees
• Research and benchmark pay practices on an ongoing basis to ensure they continue to meet the needs of the business and remain competitive, as well as aligned to legislative requirements
• Research and benchmark benefit practices on an ongoing basis to ensure they continue to meet the needs of the business and remain competitive.  Collaborate with benefit providers to negotiate and review benefit plans and contracts.
• Analyse remuneration data on at least a bi-annual basis to proactively manage pay issues and ensure equitability in pay practices.  This includes compensation data, market trends, and internal equity to make recommendations for salary adjustments, bonuses, and incentive programs 
• Develop and maintain a job evaluation process to ensure internal equity and consistency in job levels and compensation structures
• Develop communication materials, including employee handbooks, guides, training material, and presentations, to educate employees about the organization's compensation and benefits programs 
• Facilitate employee training sessions and provide guidance on compensation related matters
• Facilitate annual increase and bonus cycle
• Facilitate annual job match and data upload process with remuneration providers
• Stay updated on labour laws, regulations, and industry best practices related to compensation and benefits
• Collaborate with the HR team to develop and update HR policies and procedures related to compensation and benefits, and ensure policies are consistent, compliant, and effectively communicated to employees
• Provide internal remuneration and benefit consulting and advisory services to the Human Capital community

Required Knowledge and Experience    

• 5+ years remuneration and benefits experience 
• Previous multi-national / Pan African experience advantageous 
• Previous experience with short term and long-term incentive design advantageous
• Strong analytical and quantitative skills
• Attention to detail and ability to handle sensitive and confidential information
• Strong numerical skills
• Good interpersonal skills
• Strong organizational and project management skills
• Ability to work under pressure
• Deadline driven
• Self-managed
• Project management

Educational Requirements    

• Post Graduate degree in Human Resources or related field 
• GRP accreditation or working towards completion of GRP programme
• Professional membership of SARA or similar