Group Remuneration Specialist (Durban North) at Aspen Pharma Group

Description

• Reporting to the Group Head: Strategic Oversight the incumbent will be responsible to support and administer the Aspen’s remuneration strategy, processes, policies and practices. 

Key Responsibilities:

Strategy support and deployment: 

• Be a trusted advisor to the Group Head: Strategic Oversight and Human Capital functional areas and key stakeholders on matters that relate to employee remuneration.
• Evaluate and recommend changes to increase the effectiveness, alignment and competitive positioning of the Group’s compensation practices, including base salary and annual incentive programs.

Benchmarking: 

• Working with the Aspen Shared Services Business Unit, analyse remuneration across Aspen group and report on findings including external competitiveness.
• Manage the completion of market survey submissions and data analysis.
• Monitor fair and equitable pay across the Aspen Group.

Job Grading: 

• Coordinate and oversee job grading processes, as and when required
• Administration and management of grading committees.
• Evaluate positions to ensure a consistent single grading system across the Aspen Group.
• Administer and manage the Aspen Group’s employee remuneration and grading system. 
• Prepare and define job levels and families and standardisation of job profiling across the Aspen Group.

Policy and Compliance:

• Support Remuneration policy updating and maintenance to ensure current remuneration practice is recorded.
• Manage and report compliance to the Remuneration Policy and provide input and corrective measures as may be required.

Remuneration:

• Compile remuneration proposals for job offers taking the Remuneration Policy into account.
• Propose annual pay scales for all key business units across Aspen Group.
• Participate and support in the management of annual increases, out of cycle increases and bonus payment cycle.
• Participate and support in provision of all requisite information for the remuneration components of the annual report, and any other legislative reporting requirements.

Incentive programs:

• Manage the administration of the Aspen Group’s share program, including the updating and review of the external portal used for managing shares.
• Drafting of annual updates to employees on the Aspen Group incentive program
• Drafting of updates to the share scheme rules, as required.
• Based on market analysis, draft and propose new changes to the incentive scheme.
• Enhance and update (as required) and co-ordinate the measurement of the business unit performance within the Group, and overall calculation of incentive bonus payable on an annual basis.

Reporting and data management:

• Interpret remuneration data received from the Aspen Shared Services Business Unit and compile remuneration statistical reports.
• Facilitate research information and report to line manager for submission to Remuneration and Nomination Committee (RemCo) as required.

Administration:

• Assist employees regarding remuneration or share scheme queries.
• Ensure OneAspenOnline remains up to date with the latest approved documentation, including incentive bonus guidelines.

Requirements

Educational Qualifications & Experience:

Education:

• Relevant diploma or degree
• Registered member of the South African Rewards Association or equivalent relevant body

Experience:

• Minimum of 5 years in a reward / compensation and benefits environment
• Meaningful experience dealing with complex organisational structures in multiple territories
• Global exposure to different compensation and benefits remuneration structures and statutory legislative requirements across various geographies
• Global / International remuneration experience preferred

Technical competencies & skills:

Skills and attributes

• Strong attention to detail
• Ability to multitask and prioritise projects
• Comprehend, interpret and apply policies with accuracy and clarity
• Forward thinking
• Develop remuneration models utilising Power BI or an equivalent automated remuneration tool/system
• Effective planning, organising and co-ordinating
• Highly numerate with strong analytical capabilities
• Results driven
• Effective problem solving and decision making
• Independent and self directed individual that can drive execution;
• Effective interpersonal skills;
• The ability to communicate effectively (written and verbal) is essential;

Knowledge

• South African Basic Conditions of Employment Act and other local and international labour legislation;
• Sound Business understanding
• Pharmaceutical industry knowledge
• HC policy writing
• Remuneration structuring, extrinsic and intrinsic reward principles;
• Performance management experience at company, business unit and individual levels, at a multinational company
• Financial analysis and modelling;
• Incentive design;
• Job grading and profiling