Remuneration and Benefits Manager at Nedbank

Job description

Job Purpose

To provide total reward solutions to internal clients and stakeholders in support of Group HR strategy.

Job Responsibilities

• Administer job family committee meetings by setting meeting dates; providing reports and technical advice; keeping minutes and updating relevant systems based on recommendations and decisions made.
• Compile schedule of pay review processes by taking into account dependencies such as Group Executive Committee and Remuneration Committee meetings.
• Conduct training on pay review systems through presentations to system users.
• Communicate timelines and expectations of annual pay review process to cluster Human Resources Executives by sending schedule; develop and/or update letter templates by reviewing and making relevant changes.
• Support clusters through regular follow-up; interaction and resolving of queries.
• Reconcile salary increases allocated vs budget and rules by making calculations and conducting validations.
• Provide post pay review analysis and feedback through presentations.
• Seek opportunities to improve business processes; models and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
• Identify need for relevant reports by conducting research and analysis.
• Compile reports that include recommendations on the implementation of relevant systems and processes.
• Provide advice on strategy and frameworks to internal clients to support HR strategy.
• Identify need for remuneration survey and commission survey by liaising with stakeholders to establish output required.
• Analyse survey results and make recommendations to stakeholders through presentations.
• Proactively identify clients’ needs and provide customised solutions by conducting research into trends and best practices.
• Identify external services and products required and secure delivery by liaising with external clients and stakeholders.
• Agree deliverables with internal clients and provide ongoing feedback on implementation progress by interacting regularly.
• Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits that are in line with HR strategy.
• Support the achievement of the business strategy; objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems; process; services and solutions are aligned.
• Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.

Minimum Requirements

Essential Qualifications

Professional Qualifications/Honour’s Degree

Preferred Qualifications

Masters Diploma: Human Resources Management

Essential Certifications

Global Remuneration Professional

Experience Required

• 5 years’ experience in remuneration

Type of Exposure

• Conducting root cause analysis
• Analysing situations or data that require an in depth evaluation of multiple factors
• Developing ways to minimise risks
• Drafting reports
• Managing conflict situations
• Influencing stakeholders to obtain buy-in for concepts and ideas
• Sharing information in different ways to increase stakeholders understanding
• Comparing two or more sets of information
• Experience in remuneration
• Working with a group to identify alternative solutions to a problem
• Interacting with diverse people