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  • Posted: Jun 20, 2022
    Deadline: Not specified
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    Imagine a world where people live healthier, more enhanced and protected lives… A world in which each organisation is a powerful influencer and responsible corporate citizen, committed to being a force for social good. As a leading innovator in healthcare, wellness, insurance, investments, financial and life planning, Discovery works ceaselessly to...
    Read more about this company

     

    Senior Remuneration Specialist

    Job Purpose

    The Senior Remuneration Specialist will be responsible to:

    • Provide specialist advice to business units within Discovery Group, escalated by specialists and Heads of People.
    • Conduct research on key areas regarding remuneration and benefits to analyse and predict market trends.
    • Conduct market benchmarks for key executive roles on an annual basis.
    • Compile reports for REMCO on annual salary reviews, incentive payments, and new remuneration policy proposals
    • Conduct annual pay gap analysis for reporting purposes to agencies and integrated annual report
    • Draft Annual Remuneration Report covering the Remuneration Policy and Implementation including Single Figure reports for Executive Directors
    • Analyse internal remuneration and benefits data and make proposal on addressing identified gaps and issues
    • This role will be reporting to the Head of Reward within Discovery People (i.e. Human Resources Department)

    Key Outputs may include but are not limited to

    • Proactively identifies and analyses the needs of the business by conducting research into remuneration trends and best practices.
    • Compile Remuneration Committee submissions at Group and business unit level
    • Conduct education to line managers to ensure pay decisions are in line with the remuneration philosophy and the pay construct is understood
    • Monitor effectiveness and market competitiveness of incentive schemes by conducting periodic audits and prepare reports
    • Maintain an understanding of executive remuneration and interpret trends in order that the executive remuneration and benefits packages remain competitive
    • Ensure that remuneration practices are in compliance with current legislation
    • Identify and implement opportunities for improvement to existing processes
    • As a member of the Reward team, contribute in leading Reward initiatives at Group or business unit level
    • Advising business on the Group’s reward philosophy and governance
    • Ensure the design of reward practices is compliant with applicable legislation and regulation
    • Contribute in identifying business requirements for enhancements to Reward systems.

    Work Experience

    • 6 to 12 years' relevant experience (with Global Remuneration Professional (GRP) Certificate).
    • 12 years remuneration experience

    Education / Qualifications / Accreditations with Professional Body

    • Bachelors' Degree/3 year Diploma (equivalent to NQF Level 6)
    • Global Remuneration Professional (GRP)
    • Professional Registration Chartered Reward Specialist with SARA or Global Remuneration professional

    Technical Skills or Knowledge

    • Sound knowledge of Labour legislation, King III and relevant governance codes that influence sphere of job.
    1. Data Analysis
    2. Advanced Excel
    • International Financial Reporting Standard 2 Share-based Payment

    Method of Application

    Interested and qualified? Go to Discovery Limited on careers.discovery.co.za to apply

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