Job Description

Main Purpose

The Compensation Manager is responsible for assisting in the design, implementation and management of the organization's compensation programs. This role ensures that these programs are competitive to market and compliant with all legislation and regulations, supporting the company's strategic objectives.

RESPONSIBILITIES AND ACCOUNTABILITIES (

KEY PERFORMANCE AREAS & TASKS)

Developing Compensation Programs

Design and implement competitive compensation programs. Socialise the workforce with the critical aspects of the compensation programmes. Ensure alignment across the business on the key principles of the compensation elements. Ensure payroll systems and Human Resource business partners are aligned in terms of the remuneration and compensation policies. Be knowledgeable in Salary structuring and have insight into different pay policies and incentive plans. Have a broad knowledge of long- term and short-term incentive arrangements. Ensure compliance with third party SLA's.

Market Analysis

Conducting regular salary surveys and market analysis to ensure compensation remains competitive with industry standards. Participate in job audits and recommend market best practice measures to the business. Oversee the employee grading platform and market data platforms and conduct role grading, as and when needed by the business. Ensure that a position to market analysis is conducted annually and is aligned the annual salary increase process. Recommend increase allocation models based on annual market benchmarks.

Compliance

Ensure compliance with local legislation concerning compensation. benefits.

Budget Management

Assist in the preparation and manage the budget for compensation activities. Employee Communication: Communicate compensation information to employees, ensuring transparency and understanding. Educate HR business partners on all new compensation offerings and participate in the role out and implementation of all new initiatives as and when necessary.

Vendor Management

Negotiate with vendors and administrators to secure the best plans, options, and rates for compensation programmes.

Performance Management

Work with HR business partners and management to align compensation with performance management systems.

Training and Development

Provide training and support to HR staff and managers on compensation, grading and benchmarking policies and practices.

Strategic Planning

Assist in the collaboration with senior management to develop and implement strategic compensation plans that support organizational retention goals.

Competencies and Minimum Requirements:

Qualifications

Bachelor's degree in human resources, Business Administration, or a related field. SARA certification preferred.

Strong MS office skills.

Experience

Several years of experience in compensation administration and management, HR, or a related field.

In-depth knowledge of HR practices and compensation models. Must be able to work across functions. Experience in managing projects and initiatives related to compensation. Familiarity with local regulations related to compensation.

Working Conditions

Office Based



Travel when required

Disability Status

N/A