Group Performance & Reward Specialist - #305701

Talented Recruitment


Date: 2 weeks ago
City: Ballito, KwaZulu-Natal
Contract type: Full time
Reference: DBN002462-KA-2

A client based in the insurance industry is seeking a Group Performance & Reward Specialist to drive performance in the organisation and in ensuring competitive remuneration and reward. Based in Umhlanga, Durban.

Job Description: 
Performance management:
  • Management of the performance review process
  • Review best practice in performance management and drive process enhancements and re design as appropriate
Remuneration:
  • Review remuneration proposals for job offers and internal salary reviews.
  • Prepare for Quarterly meetings and maintain all documentation for such meetings.
  • Identify and escalate remuneration gaps.
  • Participate in annual salary surveys and extract insights informing remuneration policy and practices, and compensation decisions.
Incentive Schemes:
  • Provide input into the design of bonus schemes and other short term incentives
  • Prepare bonus schedules aligned to performance scores and incentive scheme rules
Pay Scales:
  • Develop and update pay scales to ensure internal and external equity. Ensure increases and benefits eligibility are aligned to policy
Employment Equity:
  • Analyse Employment Equity AA2 data and participate in the relevant meetings for the overall Employment Equity submission.
Benefits:
  • Liaise with relevant stakeholders and benefit providers
  • Keep abreast of best practice in this field and continuously review Group benefits
  • Facilitate Provident Fund Committee meetings
Job Grading:
  • Facilitate the Job Grading process and ensure alignment of remuneration and benefits to grades.
Policy & Compliance:
  • Formulate and maintain all performance and reward policies to ensure current practice is recorded.
  • Manage compliance with relevant policies.
Requirements: 
  • Relevant diploma or degree
  • Minimum of 5 years’ experience within a reward and benefits specialist function.
  • Sound Retirement Funds and Medical Aid Funds experience.
  • Payroll experience and knowledge desirable. Data analysis is critical to understand adherence to policy.
  • Strong project management and systems experience. Strong SOP and guideline skills.
  • Advanced MS Excel and PowerPoint skills.
  • Vast Job Grading and Employment Equity submission experience
  • A solid understanding of local and an awareness of global regulatory reward frameworks, legislation and best practice standards.
IMPORTANT NOTICE
By applying to this advert you hereby acknowledge that you have read and accept the following Protection of Personal Information ACT (POPIA) disclaimer:
I hereby consent for Talented Recruitment to process my personal information as part of the recruitment process. Talented Recruitment shall take all reasonable measures to protect the personal information of applicants and for the purpose of this disclaimer “personal information” shall be defined as detailed in the Protection of Personal Information Act, Act 4 of 2013 (“POPIA”).

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