Reward Consultant at Santam Insurance

What will make you successful in this role?

• Analyse effectiveness and competitiveness of existing reward programs and model potential impact of alternatives. 
• Design and evaluate reward programs in support of business goals and employees' needs, which integrate with our overall employment value proposition and support our values. 
• Assess competitiveness of reward strategy and make recommendations for new programs or enhancement to current programs. 
• Recommend and develop communication plans and data collection systems for reward information. 
• Research market trends, legislation, and compensation surveys to make recommendations for policy change and competitive positioning as appropriate. 
• Participate in reward activities, including the strategic planning of reward system design and incentive plan design. 
• Review and analyse internal and external equity issues and other reward data.
• Project management including negotiation of agreements or discussions of technical issues with peers and senior-level contacts. 
• Effectively partner with HR and BU’s to manage, consult, and resolve reward issues. 
• Provide guidance to the business and develop creative solutions on a variety of reward issues including the setting of appropriate pay levels, incentive pay and share participation.  
• Develop proposals and deliver presentations about reward programs to influence and educate managers. 
• Conduct road shows when new benefits are introduced or existing ones changed. 
• Independently manage reward projects for specific business units. 
• Conduct benchmark surveys with key industry contacts, as needed. 
• Provide subject-matter expertise and guidance on reward related policies and ensure process integrity. 
• Recommend approaches to facilitate the effective delivery of pay programs and related policies (such relating to administration & audit controls). 
• Manage performance and reward projects that may require input from other departments, such as Communication, Change Management, Organisational Design, as well as IT & Marketing. 
• Enhance Santam’s presence in the local marketplace through efforts that may include developing affiliations in the professional community, writing articles and presenting. 

Qualification and Experience

• A degree or diploma in a related field or equivalent experience (preferably B.Com). 
• Formal training in reward fundamentals (ex. GRP certification) 
• 5 - 7 years design oriented reward experience with an in-depth knowledge of core reward terminology and best practices. 
• Previous experience and/or a good understanding of job evaluation methodology, variable pay and commission schemes. Project management experience, including budget management, diligent attention to details, and the ability to engage clients and colleagues at all levels 
• Proven consulting experience with the ability to seek out information and provide quality advice. 
• Experience in creating dynamic tools and models to interpret and analyse data.
• Ability to travel regularly (domestic travel)

Knowledge and Skills

• Basic understanding on how to design an incentive plan 
• Understand the legal and regulatory environment relating to employee reward. 
• Some financial knowledge (recommended) e.g. basic understanding of financial statements and the budgeting process. 
• Strong written and verbal communication skills - Ability to write clear communications tailored for the specific audience 
• Business acumen
• Good consulting skills 
• Ability to build and maintain good internal and external relationships
• Strong negotiation and interpersonal skills
• Strong presentation skills 
• Strong problem solving and analytical skills. Ability to analyse and interpret statistical data/HR analytics
• Ability to conduct self in a professional manner at all times
• Ability to work with individuals and team
• High degree of self-management, displaying an organised and measured approach to the workload and the clients – strong planning and organising skills
• Project Management skills
• Ability to formulate and analyse data from a variety of sources