Job Description

Reporting to the Group Head: Strategic Oversight the incumbent will be responsible to support and administer the Aspens remuneration strategy, processes, policies and practices.Key Responsibilities:Strategy support and deployment:

• Be a trusted advisor to the Group Head: Strategic Oversight and Human Capital functional areas and key stakeholders on matters that relate to employee remuneration.
• Evaluate and recommend changes to increase the effectiveness, alignment and competitive positioning of the Groups compensation practices, including base salary and annual incentive programs.

Benchmarking:

• Working with the Aspen Shared Services Business Unit, analyse remuneration across Aspen group and report on findings including external competitiveness.
• Manage the completion of market survey submissions and data analysis.
• Monitor fair and equitable pay across the Aspen Group.

Job Grading:

• Coordinate and oversee job grading processes, as and when required
• Administration and management of grading committees.
• Evaluate positions to ensure a consistent single grading system across the Aspen Group.
• Administer and manage the Aspen Groups employee remuneration and grading system.
• Prepare and define job levels and families and standardisation of job profiling across the Aspen Group.

Policy and Compliance:

• Support Remuneration policy updating and maintenance to ensure current remuneration practice is recorded.
• Manage and report compliance to the Remuneration Policy and provide input and corrective measures as may be required.

Remuneration:

• Compile remuneration proposals for job offers taking the Remuneration Policy into account.
• Propose annual pay scales for all key business units across Aspen Group.
• Participate and support in the management of annual increases, out of cycle increases and bonus payment cycle.
• Participate and support in provision of all requisite information for the remuneration components of the annual report, and any other legislative reporting requirements.

Incentive programs:

• Manage the administration of the Aspen Groups share program, including the updating and review of the external portal used for managing shares.
• Drafting of annual updates to employees on the Aspen Group incentive program
• Drafting of updates to the share scheme rules, as required.
• Based on market analysis, draft and propose new changes to the incentive scheme.
• Enhance and update (as required) and co-ordinate the measurement of the business unit performance within the Group, and overall calculation of incentive bonus payable on an annual basis.

Reporting and data management:

• Interpret remuneration data received from the Aspen Shared Services Business Unit and compile remuneration statistical reports.
• Facilitate research information and report to line manager for submission to Remuneration and Nomination Committee (RemCo) as required.

Administration:

• Assist employees regarding remuneration or share scheme queries.
• Ensure OneAspenOnline remains up to date with the latest approved documentation, including incentive bonus guidelines.

Educational Qualifications & Experience:Education:

• Relevant diploma or degree
• Registered member of the South African Rewards Association or equivalent relevant body

Experience:

• Minimum of 5 years in a reward / compensation and benefits environment
• Meaningful experience dealing with complex organisational structures in multiple territories
• Global exposure to different compensation and benefits remuneration structures and statutory legislative requirements across various geographies
• Global / International remuneration experience preferred

Technical competencies & skills:Skills and attributes

• Strong attention to detail
• Ability to multitask and prioritise projects
• Comprehend, interpret and apply policies with accuracy and clarity
• Forward thinking
• Develop remuneration models utilising Power BI or an equivalent automated remuneration tool/system
• Effective planning, organising and co-ordinating
• Highly numerate with strong analytical capabilities
• Results driven
• Effective problem solving and decision making
• Independent and self directed individual that can drive execution;
• Effective interpersonal skills;
• The ability to communicate effectively (written and verbal) is essential;

Knowledge

• South African Basic Conditions of Employment Act and other local and international labour legislation;
• Sound Business understanding
• Pharmaceutical industry knowledge
• HC policy writing
• Remuneration structuring, extrinsic and intrinsic reward principles;
• Performance management experience at company, business unit and individual levels, at a multinational company
• Financial analysis and modelling;
• Incentive design;
• Job grading and profiling

Aspen competencies:Business

• Performance Driven
• Accountability / Ownership

People

• Communicate effectively
• Deals with ambiguity / embraces change

Self

• Continuously grows and delivers
• Contributes special expertise

Aspen is committed to the principles of equal employment opportunity. Preference will be given to applicants from designated groups through a fair recruitment and selection process in line with Aspens Transformation Agenda.Internal Applicants must inform their direct line managers of their application. Applications must be completed using an Aspen email address.If you have not heard from the HC department within 30 days of this advert closing, please consider your application unsuccessful.

Aspen Pharmacare