Senior Remuneration Specialist at AVBOB South Africa

Description

• We are looking to hire a dynamic Senior Remuneration Specialist to administer fair, equitable and comprehensive total compensation aligned to the organisational strategy and business goals across all areas of the Group.  
• Use various methods and techniques in ensuring benchmarking of remuneration practices and providing input to make data base decisions on direct financial, indirect financial and nonfinancial compensation. This includes the day-to-day supervision of the Remuneration and Benefits team.
• To ensure success as a Senior Remuneration Specialist, you should be able to display knowledge of market best practice, benchmarks and salary scales.  Ultimately, you should have excellent knowledge of payroll procedures, labour legislation, strong excel skills and a solid financial principle understanding.
• You should have strong personnel management and leadership skills as well as excellent verbal and written communication skills.
• You will be working for a long standing company with strong values which are customer centric. In return for your services, you will be paid a competitive package, which includes pension fund contributions and a medical aid allowance. You will have access to personal services through the employee assistance program and wellness programs. You will be working for an organisation that values employee development and rewards excellent performance.

RESPONSIBILITIES INCLUDE:

• Providing expert and professional advice on all remuneration issues by researching remuneration practices to ensure that the Manager: Remuneration and Benefits has expert, precise information regarding the market approach and how to best apply it to the Group’s employees within budgeted cost boundaries.
• Manage the remuneration team to deliver and achieve set objectives and targets in the remuneration and benefit space.
• Guide the team to ensure best practice and standards control procedures are implemented and followed.
• Responsible for advising line management and recruitment on TGP offers aligned to principles and practices for appointment purposes. Responsible for the sign-off on the package offers of all appointments of general employees of the Group.
• Coordinate, review, and submit month end payroll submissions.
• Oversee position management in accordance with the approved headcount budgets and oversee monthly HR statistics that is provided to various stakeholders.
• Consult and co-network with the market (remuneration consultants and specialists) on matters of remuneration to ensure that information is obtained on the latest developments within organisations locally and abroad.
  • Network with remuneration consultants to obtain updated information on the latest remuneration products and approaches available in the South African and global market.
  • Liaise and network with remuneration specialists from other companies especially within the same industry to remain informed about industry related best practice remuneration practices.
• Oversee continuous market research relating to Group with the view of strategically positioning the company’s procedures and policies and recommend to the Manager: Remuneration and Benefits any creative solutions to adapt to an ever-changing environment.
  • Use research ability to continually monitor the Group’s remuneration dispensation.
  • Coordinate and conduct research in areas regarding remuneration to enable analysis and prediction of market trends and compile analysis to assist Manager in compiling recommendations, draft remuneration reports to Exco, People Practice, Remco and the Board.
• Providing solutions to the Manager: Remuneration and Benefits that includes design consideration for new programs and the implementation of development plans.
• Lead and assist in project specific research and costing and provide analysis to Manager” Remuneration and Benefits.
• Under the guidance of the Manager Remuneration and Benefits responsible for the identification, mitigation, resolution and or escalation of any risks or issues requiring intervention.
• Preparation of monthly management reports on department activities and results.
• Provide guidance to line managers in the application of various HR and Remuneration policies.
• Under the guidance of the Manager Remuneration and Benefits prepare the annual salary and workforce budget submission to the Finance Department.
• Oversee job evaluation process done by Remuneration Specialist to provide input to the Manager: Remuneration and Benefits for presentation purposes.
• Review all recommendations received by business for new positions, re-grade requests, title revisions and structure changes to provide the Manager Remuneration and Benefits with input for formal review and presentation purposes.
• Actively participate in the preparations of annual remuneration review process by compiling draft recommendations, oversee scale construction and benchmarking and the preparation of increase schedules for approval and sign off.
• Oversee the annual review of the Salary and related cost document.
• Perform miscellaneous job-related duties as assigned.
• Manage the remuneration team in accordance with agreed policies and procedures, standards, and legal requirements under the direct direction of the Manager: Remuneration and Benefits.

Requirements

• Matric with degree or 3-year diploma in Human Resources
• Effective functioning in MS Office Suite (MS Word, MS Excel Advanced and Power Point) and Sage People.
• Exposure to all relevant legislation.
• Global Remuneration Practitioner (GRP) certification.
• Up to 8 years ‘experience in Human Resource Management in specific Remuneration including:
• 5 years in supervision of a remuneration environment.
• Up to 5 years practical experience of HR systems and software
• 4 years’ experience as general HR Practitioner
• 1 year experience in job evaluation methodology and relevant systems
• HR experience required with specific experience gained in the benchmarking and pay design areas
• A practical grasp of the financial/insurance industry.