Remuneration and Benefits Specialist at The National Student Financial Aid Scheme(NSFAS)

RESPONSIBILITIES: 

Compensation and benefits management

• Designs, develops, implements and manages salary, bonus and benefit packages
• Reviews and administers reward and benefit policies
• Drafts remuneration and rewards processes and procedures
• Implements signed off remuneration policies, processes and procedures
• Guides the coordination of salaries, pension, relocation packages, life insurance, company cars
• Educates new employees on the cost to company concept – presents scenarios as required
• Salary benchmarking & Market information sourcing
• Collates market data, using national salary surveys
• Collects data and research competitor’s remuneration and reward strategies
• Accurately benchmarks each position to the national/industry circle salary survey
• Analyses market data and prepares recommendations for senior management
• Implements recommendations upon approval
• Completes pay analysis across the Group and ensures employees compensation packages presents equality across position levels, duties, experience, race and gender etc.
• Investigates pay anomalies.
• Reports on pay anomalies and provides recommendations

Job Evaluation/Grading

• Implements and manages an approved job grading system
• Grade jobs using the Paterson Grading point system
• Formulates the grading outcomes to a job grade matrix – ranking positions from top – down and across functions.
• Extracts graded tables salary survey data, applies benchmarking formula’s
• Process calibration to market grade data per function
• Creates company pay scales
• Completes the pay analysis and comparative reports.
• Aligns remuneration of employees to the approved pay scales
• Ensures that all positions remain market-related and competitive.

Salary review process

• Prepares analysis and reports for salary reviews and incentive schemes.
• Manages the annual salary and incentive review process.
• Prepares increase and bonus schedules as per policy and business instruction
• Prepares and distributes increase and bonus letters

Compliance to regulatory requirements

• Interprets new legislation impacting salaries
• Reviews and improve remuneration policies and procedures
• Assists with internal and external audits related to payroll
• Ensures all remuneration information and records are maintained in accordance with statutory requirements Payroll systems
• Introduces and maintains systems and procedures aimed at ensuring efficiency
• Provides input into payroll operations and processing.
• Assists payroll team with various related queries.
• Works closely with the payroll team in obtaining cross functional remuneration and benefits processes and procedures management.
• Supervises and co-ordinate activities of team.
• Oversees the maintenance of current employee data systems.
• Communicates and updates Time & Attendance labour rules

Additional responsibilities

• Completes monthly Employee/Employment Equity review & movements
• Completes Annual Employment Equity remuneration reports
• Annual B-BBEE completion - Employment Equity & Management Control
• Continuous support and advisory to the business - professional and strategic
• Participation in various remuneration councils and wage committees

DESIRED SKILLS AND EXPERIENCE 

Minimum requirements:

• NQF Level 7 in Human Resources, Finance, or any other relevant qualifications
• Certification as a payroll practitioner
• Computer literacy – Intermediate MS Package Suite
• Project Management certification
• Driver’s License
• At least 6 years’ experience in Remuneration and Benefits environment
• 3 years working experience in a supervisory capacity.
• Experience in managing payroll of more than 600+ employees.
• Experience and advanced knowledge of payroll systems.
• Advances experience of payroll principles, practises, and applicable legislation

Preferred

• NQF Level 8 in Human Resources, Industrial Psychology
• Certification as a payroll practitioner
• Project Management Experience