(1745) Reward Analyst - HRD
South African Reserve Bank
To provide expert compensation and benefits consultative service within the South African Reserve Bank (the Bank) and provide fit-for-purpose solutions in respect of reward and analytics aligned to the Bank’s strategy.
Detailed description
The successful candidate will be responsible for the following key performance areas:
To support the Bank through the HRBPs in the development of fit for purpose solutions, policies, procedures and processes related to the Compensation and Benefits function.
To implement the total reward strategy in support of the SARB’s recruitment, retention and performance management strategies.
To provide analytical consultation services regarding compensation and benefits programmes in line with legislative requirements, organisational goals and compensation philosophy of the SARB.
To benchmark compensation and benefit best practices, research, analyse and conduct salary and benefits surveys to ensure competitiveness in the attraction and retention of talent.
To establish and manage relationships with key internal/ external stakeholders and service providers in order to ensure the provision of fit-for-purpose compensation and benefit solutions within the Bank.
To facilitate job evaluation sessions to determine weights/evaluation of jobs for job grading, 5compensation, job design and/or organisation design.
To provide management reports for effective decision making by relevant stakeholders and senior leadership.
To participate in recognition agreements with the local union on reward issues when required.
To prepare, execute, monitor and report on the departmental operational budgets to allow for efficient financial management within HRD.
