Applications are now open for the role of Senior Compensation and Benefits Manager. The purpose of this position will be to develop and implement the company’s rewards and benefit policies, ensuring best practice methodology on an international standard. Additional functions will be to define and implement strategic compensation and benefit policies, keeping abreast of market trends and ensuring that salaries remain competitive.
Duties and Responsibilities:
- Designing and implementing compensation and benefits strategies aligned to the Compensation and Benefits Functional Business Plan
- Researching and developing pay structures based on best practice principles to ensure alignment with the organisation’s culture and corporate strategy
- Designing, implementing and managing long-term incentive and share schemes
- Developing and reviewing expatriate packages, inclusive of all benefits, to ensure optimal effectiveness
- Ensuring all remuneration strategies are tax efficient
- Developing the Human Resources policy and procedure manual pertaining to remuneration
- Establishing and maintaining the payroll system for Executive level and above
- Monitoring the salary structure and benefits provision to ensure a balance between cost control and the attraction and retention of staff
- Developing the salary review process
- Developing the pay philosophy and policies focusing on guides for establishing pay when joining, promotions, additional adjustments, grade changes and interim increases
- Establishing and participating in the Remuneration Committee
- Overseeing payroll design and monthly activities
- Assisting with the design, planning and implementation of the Human Resources Management Information System (HR MIS)
- Assisting with the development of the Employee Self Service System
- Overseeing the payroll record system
- Ensuring payroll is processed timeously and accurately
- Approving the Final Payment Schedule
- Approving special payments which do not form part of the normal salary run
- Developing and implementing all employee benefits including bonuses, incentive bonuses, medical aid, retirement funds and the Human Resources Shop
- Assisting with the selection and management of Pension Fund Administrators and Medical Fund Administrators
- Ensuring optimal returns and benefits from pension and provident fund schemes
- Assisting Executives and above with compensation matters
- Assisting with the structuring of Executive remuneration
- Authorising access to payroll information
- Authorising access to salary bands
- Ensuring staff are notified timeously of any changes within Compensation and Benefits that affect remuneration status
- Preparing monthly reports to the Executive Committee (EXCO) on headcount, Human Resources statistics and Employment Equity statistics and models
- Managing employee surveys to gauge employee perceptions of remuneration policies
- Overseeing market comparison functions to ensure correctness and fairness of remuneration packages and preparing reports on discrepancies
- Applying and adhering strictly to Health and Safety procedures and rules
- Managing conformance to Health, Safety and Environmental standards
- Identifying, managing and minimising operational risk exposure
- Monitoring, investigating and reporting all health and safety matters and incidents
- Participating in the appointment of the Safety, Health and Environment (SHE) Representative, First-Aiders and Evacuation Marshals as per legislation and company requirements
- Preparing the budget within area of control
- Managing the approved budget for area
- Preparing cost tracking and variation reports
- Making recommendations for budget-related change requests
- Informing Management timeously of potential overspend
- Recruiting employees, assigning and directing work, overseeing development, identifying training needs and maintaining staff competence
- Establishing and evaluating Key Performance Indicators
- Providing an advisory and support function
- Initiating appropriate Labour Relations action within the section
- Upholding Human Resources policies and procedures
- Conducting performance appraisals
Minimum Requirements:
- BComm or HR Sciences Degree
- Honours majoring in Accounting or Finance preferred
- At least 10 years corporate experience in human resources, with particular emphasis on compensation and benefits
- At least 3 years experience in a leadership role
- Knowledge of relevant legislation such as tax, EE, LRA and BCE