RESPONSIBILITIES AND ACCOUNTABILITIES (KEY PERFORMANCE AREAS & TASKS)

Developing Compensation Programs

• Design and implement competitive compensation programs.
• Socialise the workforce with the critical aspects of the compensation programmes. Ensure alignment across the business on the key principles of the compensation elements.
• Ensure payroll systems and Human Resource business partners are aligned in terms of the remuneration and compensation policies.
• Be knowledgeable in Salary structuring and have insight into different pay policies and incentive plans.
• Have a broad knowledge of long- term and short-term incentive arrangements.
• Ensure compliance with third party SLA’s.

Market Analysis

• Conducting regular salary surveys and market analysis to ensure compensation remains competitive with industry standards.
• Participate in job audits and recommend market best practice measures to the business.
• Oversee the employee grading platform and market data platforms and conduct role grading, as and when needed by the business.
• Ensure that a position to market analysis is conducted annually and is aligned the annual salary increase process.
• Recommend increase allocation models based on annual market benchmarks.

Compliance

• Ensure compliance with local legislation concerning compensation. benefits.

Budget Management

• Assist in the preparation and manage the budget for compensation activities.
• Employee Communication:
• Communicate compensation information to employees, ensuring transparency and understanding.
• Educate HR business partners on all new compensation offerings and participate in the role out and implementation of all new initiatives as and when necessary.

Vendor Management

• Negotiate with vendors and administrators to secure the best plans, options, and rates for compensation programmes. 

Performance Management

• Work with HR business partners and management to align compensation with performance management systems.

Training and Development

• Provide training and support to HR staff and managers on compensation, grading and benchmarking policies and practices.

Strategic Planning

• Assist in the collaboration with senior management to develop and implement strategic compensation plans that support organizational retention goals.

Competencies and Minimum Requirements:

Qualifications

• Bachelor’s degree in human resources, Business Administration, or a related field. SARA certification preferred.
• Strong MS office skills.

Experience

• Several years of experience in compensation administration and management, HR, or a related field.
• In-depth knowledge of HR practices and compensation models. Must be able to work across functions.
• Experience in managing projects and initiatives related to compensation.
• Familiarity with local regulations related to compensation.