Reward Consultant at Santam Insurance

What will you do?

• The People and Transformation Division have a permanent position available for a Reward Consultant, based in Santam Head Office, Bellville. 
• The Reward Consultant is responsible for design, implementation and communication of reward and wellness interventions. 

What will make you successful in this role?

• Analyse effectiveness and competitiveness of existing reward programs and model potential impact of alternatives. 
• Design and evaluate reward programs in support of business goals and employees' needs, which integrate with our overall employment value proposition and support our values. 
• Assess competitiveness of reward strategy and make recommendations for new programs or enhancement to current programs. 
• Recommend and develop communication plans and data collection systems for reward information. 
• Research market trends, legislation, and compensation surveys to make recommendations for policy change and competitive positioning as appropriate. 
• Participate in reward activities, including the strategic planning of reward system design and incentive plan design. 
• Review and analyse internal and external equity issues and other reward data.
• Project management including negotiation of agreements or discussions of technical issues with peers and senior-level contacts. 
• Effectively partner with HR and BU’s to manage, consult, and resolve reward issues. 
• Provide guidance to the business and develop creative solutions on a variety of reward issues including the setting of appropriate pay levels, incentive pay and share participation.  
• Develop proposals and deliver presentations about reward programs to influence and educate managers. 
• Conduct road shows when new benefits are introduced or existing ones changed. 
• Independently manage reward projects for specific business units. 
• Conduct benchmark surveys with key industry contacts, as needed. 
• Provide subject-matter expertise and guidance on reward related policies and ensure process integrity. 
• Recommend approaches to facilitate the effective delivery of pay programs and related policies (such relating to administration & audit controls). 
• Manage performance and reward projects that may require input from other departments, such as Communication, Change Management, Organisational Design, as well as IT & Marketing. 
• Enhance Santam’s presence in the local marketplace through efforts that may include developing affiliations in the professional community, writing articles and presenting. 

Qualification and Experience

• A degree or diploma in a related field or equivalent experience (preferably B.Com). 
• Formal training in reward fundamentals (ex. GRP certification) 
• 5 - 7 years design oriented reward experience with an in-depth knowledge of core reward terminology and best practices. 
• Previous experience and/or a good understanding of job evaluation methodology and short and long term incentive plans 
• Project management experience, including budget management, diligent attention to details, and the ability to engage clients and colleagues at all levels 
• Proven consulting experience with the ability to seek out information and provide quality advice. 
• Experience in creating dynamic tools and models to interpret and analyse data.
• Ability to travel regularly (domestic travel)

Knowledge

• Basic understanding on how to design an incentive plan 
• Understand the legal and regulatory environment relating to employee reward. 
• Some financial knowledge (recommended) e.g. basic understanding of financial statements and the budgeting process. 

Skills

• Strong written and verbal communication skills - Ability to write clear communications tailored for the specific audience 
• Business acumen
• Good consulting skills 
• Ability to build and maintain good internal and external relationships
• Strong negotiation and interpersonal skills
• Strong presentation skills 
• Strong problem solving and analytical skills. Ability to analyse and interpret statistical data/HR analytics
• Ability to conduct self in a professional manner at all times
• Ability to work with individuals and team
• High degree of self-management, displaying an organised and measured approach to the workload and the clients – strong planning and organising skills
• Project Management skills
• Ability to formulate and analyse data from a variety of sources

Core Competencies

• Cultivates innovation - Contributing through others
• Customer focus - Contributing through others
• Drives results - Contributing through others
• Collaborates - Contributing through others
• Being resilient - Contributing through others