Group Rewards Specialist at Ignition Group

Description

• The Ignition Group is a company that values its employees. Our dedication to acquiring the right talent has allowed us to become a leader in our industry.
• We also value and count on our employees’ knowledge and skills to move our company from strength to strength.

Benchmarking

• Benchmark to obtain market data to inform compensation decisions.

Remuneration

• Review remuneration proposals for job offers.
• Identify and escalate remuneration gaps.
• Manage budgets for bonus proposals / allocations to various departments and assist with final balancing and reconciliation of budgets and actuals and ensure that they are accurate.
• Ensure total cost of employment data of employees are accurately maintained and accessible as required.
• Ensure existing processes are sound and that information is securely protected.
• Work with payroll to develop accurate package structuring and pay simulation tools and ensure all business units implement equivalent simulation tools.

Increase process

• Development of budgets and market information to support the annual remuneration increase processes and accessing and collating of the proposed remuneration for key employee groups.

Incentive Schemes

• Project manage employee eligibility and other elements of incentive and bonus processes.
• Provide input into the design of incentive schemes.

Pay Scales

• Custodian of annual 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.

Policy & Compliance

• Remuneration and Benefits Policy formulation and maintenance to ensure current reward and benefits practice is recorded.
• Manage compliance with the Remuneration and Benefits Policy.

Pension Fund and Medical Aid

• Participate in the relevant meetings and keep abreast with best practices in this field. Assist with queries to give understanding of issues for the formulation of the benefits year on year.
• Participate in the Provident Fund Disabilities meetings with the responsibility to ensure that all areas are managing disability cases consistently and timeously.

Job Grading

• Support the business to manage the Job Grading process – implement and maintain the policy and process. Alignment of remuneration and benefits to grades.

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.
• Demonstrable modelling and analytical ability through development of financial models and interpretation of information.
• 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.