Group Rewards Specialist at Ignition Group

Responsibilities :

Develop Compensation Strategies

• Design and execute comprehensive compensation strategies tailored to attract and retain top talent while aligning with the organization's goals and budgetary constraints.
• Partner with HR colleagues and business leaders to ensure that compensation and benefits programs support the organization's strategic objectives and foster a high-performance culture.

Pay Scales

• Establish and maintain pay scales to ensure internal and external equity. Ensure that job offers and increases are aligned to payscales and remuneration policies.

Incentive Schemes

• Provide input into the design of short and long term incentive schemes.
• Prepare bonus schedules aligned to performance scores and incentive scheme rules.

Conduct Market Analysis

• Participate in annual salary surveys and extract insights informing remuneration policy and practices, and compensation decisions, ensuring competitiveness and relevance.
• Identify and escalate remuneration gaps and risks.

Employee Benefits

• Oversee the design, implementation, and administration of employee benefits programs, including health insurance and retirement plans, in collaboration with relevant stakeholders.
• Keep abreast of best practice in this field and continuously review Ignition Group benefits.
• Facilitate Provident Fund Committee meetings.
• Collaborate with external vendors, consultants, and benefit providers to optimize rewards programs, negotiate contracts, and ensure service delivery excellence.

Employee Guidance

• Provide expert guidance and support to managers and employees on compensation and benefits-related matters, including policy interpretation and benefits enrolment.

Legislative Compliance

• Stay abreast of relevant legislation and regulatory changes affecting compensation and benefits practices, ensuring compliance with applicable laws and regulations.

Data Analysis and Reporting

• Utilize HRIS and compensation software to analyse data, generate reports, and derive actionable insights to inform decision-making and drive continuous improvement in rewards programs.
• Develop, maintain and run standard reports by monitoring, testing and auditing all HR data to ensure reward and benefits data is aligned to the reporting standards of the organisation. Re-calculating and modifying data extractions into “consumable” formats, delivering meaningful results, whilst observing data privacy guidelines.
• Scrutinise reward and benefit data by analysing the relevant information associated with the function to ensure information being represented is an accurate reflection of the organisation.
• Understand and resolve pay queries, with payroll managers and with system administrators by resolving processing issues affecting reporting outcomes. Prepare reports, graphs, charts and statistics as specified.

Process Improvement

• Identify opportunities for process optimization and automation to streamline compensation and benefits administration processes, enhance efficiency, and improve the employee experience.

Documentation and Communication

• Maintain accurate documentation of compensation and benefits policies, procedures, and guidelines, and communicate updates and changes effectively to relevant stakeholders.
• Manage compliance with relevant policies.

Remuneration Committee

• Review remuneration proposals for job offers and internal salary reviews.
• Prepare for Quarterly Remco meetings and maintain all documentation for such meetings.

Benchmarking

• Executes annually the job matching exercise for the external remuneration surveys through compiling and submitting data for submission to RemChannel
• Provide pay comparisons using external benchmark data as well as internal reviews to inform recruitment, salary reviews, counter offers and other pay related processes.

Job Grading

• Facilitate the Job Grading process and ensure alignment of remuneration and benefits to grades.

Requirements :

• Relevant diploma or degree.
• Minimum of 5 years’ experience within a reward and benefits specialist function.
• Knowledge of HR and payroll systems.
• Sound Retirement Funds and Medical Aid Funds experience.
• Strong project management and data analysis skills. Experience with PowerBI would be advantageous.
• Advanced MS Excel and PowerPoint skills.
• Significant Job Grading experience.
• A solid understanding of local and an awareness of global regulatory reward frameworks, legislation and best practice standards.