Reward Analyst - HRD at South African Reserve Bank

Detailed description

The successful candidate will be responsible for the following key performance areas:

• To support the Bank through the HRBPs in the development of fit for purpose solutions, policies, procedures and processes related to the Compensation and Benefits function. 
• To implement the total reward strategy in support of the SARB’s recruitment, retention and performance management strategies.
• To provide analytical consultation services regarding compensation and benefits programmes in line with legislative requirements, organisational goals and compensation philosophy of the SARB.
• To benchmark compensation and benefit best practices, research, analyse and conduct salary and benefits surveys to ensure competitiveness in the attraction and retention of talent.
• To establish and manage relationships with key internal/ external stakeholders and service providers in order to ensure the provision of fit-for-purpose compensation and benefit solutions within the Bank.
• To facilitate job evaluation sessions to determine weights/evaluation of jobs for job grading, compensation, job design and/or organisation design.
• To provide management reports for effective decision making by relevant stakeholders and senior leadership.
• To participate in recognition agreements with the local union on reward issues when required.
• To prepare, execute, monitor and report on the departmental operational budgets to allow for efficient financial management within HRD.

Qualifications

To be considered for this position, candidates must have:

• A minimum of a Bachelor's in human resources/commerce or equivalent.
• Remuneration qualification or GRP certification.
• A minimum of 5 to 8 years of experience in a compensation and benefits environment.