Remuneration & Benefit Analyst - Midrand at Dis-Chem Pharmacies

Job Description

• Dis-Chem Pharmacies has an opportunity available for a Remuneration and Benefit Analyst based at their Head Office in Midrand. The main purpose of the role is to conduct analyses, interpret results and make recommendations that support the development and maintenance of effective compensation and benefits programme aligned with the organisation's reward and benefit structure.

Minimum Requirements:

Essential:

• Gr12/Matric or Senior Certificate
• Degree in Human Resources Management
• Minimum of 3 – 5 years’ experience in a similar role (5 years in compensation and 3 years in benefits)

Advantageous:

• Registration with SARA
• Advanced Excel Certification

Job function:

Remuneration and Benefits:

• Analyse Dis-Chem's compensation and benefits in accordance with established policies to ensure standardisation of pay structure.
• Analyse and prepare consolidated view of Dis-Chem's Cost to Company (CTC) conversation of the business from plus benefit.
• Provide advice to business on the annual remuneration processes ensuring the processes are fair and equitable and in line with the reward strategy.
• Implementation, updating and improvement of compensation processes.
• Collaborate with the Group Payroll Manager and Senior Managers in building a reward strategy for the group.
• Lead (as directed) on the operation of annual (or as appropriate) salary review and bonus allocation processes.
• Conduct regular benchmarking and market related pay research is undertaken when necessary.
• Participate in industry forums, HR associations, and professional networks to gather insights on compensation trends and best practices.
• Participate in compensation and benefit surveys related to our industry.
• Effectively maintain the system by ensuring accuracy of the information and archived accordingly.
• Prepare and conduct remuneration and benefits training programs when needed to managers, employees.
• Support in the implementation of HR systems to enhance the delivery of rewards and benefits interventions
• Stay abreast of current and upcoming regulatory changes; advise management on the implications and manage the impact thereof.
• Collaborate with the OD team in job evaluation, salary administration, analysis of compensation surveys and obtain all necessary information to prepare compensation and budget.

Compliance and Reporting:

• Ensure CRISP audit requirements are uploaded and manage compliance to audit requirements through regular feedback, ensuring data integrity at all times.
• Prepare monthly HR Dashboard in relation to absence cost, annualised attrition, average tenure, FTE movements, number of promotions, overtime, and absence rate.
• Review compliance with governmental guidelines and applicable laws and regulations and recommend actions as needed
• Collect data about Dis-Chem's compensation and benefit policies and analyse them to prepare reports and advise managers and/or HR Director to enable them to make informed decisions.

Stakeholder Engagement:

• Support the line managers / HR Business Partner’s with evaluation and negotiation of offers made to candidates.
• Select and manage relationships with consultants and suppliers to ensure satisfactory standards of service.
• Liaise with internal and external stakeholders to ensure remuneration and benefits opportunities are proactively addressed and interventions are successfully implemented.

Competencies:

Essential:

• In depth knowledge and understanding of compensation and benefits principles and related legislation
• Computer Skills – Microsoft Office: Word, Excel, PowerPoint and Outlook
• Ability to analyse data, identify trends, and make data-driven decision
• Business Acumen
• Effective communication of complex information to employees and management.
• Interpersonal Skills
• Quality Orientation
• Maintains confidentiality and adheres to ethical standards