Senior Remuneration Specialist at Discovery Limited

Job Purpose

• The Senior Remuneration Specialist will be responsible to:
• Provide specialist advice to business units within Discovery Group, escalated by specialists and Heads of People.
• Conduct research on key areas regarding remuneration and benefits to analyse and predict market trends.
• Conduct market benchmarks for key executive roles on an annual basis.
• Compile reports for REMCO on annual salary reviews, incentive payments, and new remuneration policy proposals
• Conduct annual pay gap analysis for reporting purposes to agencies and integrated annual report
• Draft Annual Remuneration Report covering the Remuneration Policy and Implementation including Single Figure reports for Executive Directors
• Analyse internal remuneration and benefits data and make proposal on addressing identified gaps and issues
• This role will be reporting to the Head of Reward within Discovery People (i.e. Human Resources Department)

Key Outputs may include but are not limited to

• Proactively identifies and analyses the needs of the business by conducting research into remuneration trends and best practices.
• Compile Remuneration Committee submissions at Group and business unit level
• Conduct education to line managers to ensure pay decisions are in line with the remuneration philosophy and the pay construct is understood
• Monitor effectiveness and market competitiveness of incentive schemes by conducting periodic audits and prepare reports
• Maintain an understanding of executive remuneration and interpret trends in order that the executive remuneration and benefits packages remain competitive
• Ensure that remuneration practices are in compliance with current legislation

• Identify and implement opportunities for improvement to existing processes
• As a member of the Reward team, contribute in leading Reward initiatives at Group or business unit level
• Advising business on the Group’s reward philosophy and governance
• Ensure the design of reward practices is compliant with applicable legislation and regulation
• Contribute in identifying business requirements for enhancements to Reward systems.

Work Experience

• 6 to 12 years' relevant experience (with Global Remuneration Professional (GRP) Certificate).
• 12 years remuneration experience

Education / Qualifications / Accreditations with Professional Body

• Bachelors' Degree/3 year Diploma (equivalent to NQF Level 6)
• Global Remuneration Professional (GRP)
• Professional Registration Chartered Reward Specialist with SARA or Global Remuneration professional

Technical Skills or Knowledge

• Sound knowledge of Labour legislation, King III and relevant governance codes that influence sphere of job.
  • Data Analysis
  • Advanced Excel
• International Financial Reporting Standard 2 Share-based Payment