Duties & Responsibilities
Our Advertising Services client is seeking a Performance & Reward Specialist to join their team based in Umhlanga, Durban .
Purpose of the Job
The Group Performance & Rewards Specialist will play a crucial role in driving performance in the organization and in ensuring competitive remuneration and reward.
Requirements:
- 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 understanding 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.
- Management of performance review processes.
- Implementation and management of rewards and recognition programs.
- Experience with reporting to REMCO.
Performance Management
- Management of the performance review process.
- Review best practices 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 Remco 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.
- 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.
- Liaise with relevant stakeholders and benefit providers.
- Keep abreast of best practices in this field and continuously review.
- 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.
Please take note: if you have not been contacted within 14 days, please consider your application unsuccessful.
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