Compensation & Benefits Manager - Centurion - SHARON NUROCK RECRUITMENT CC

    SHARON NUROCK RECRUITMENT CC
    SHARON NUROCK RECRUITMENT CC Centurion

    6 days ago

    sharon nurock recruitment cc background
    Description

    Job Description:

    The Compensation and Benefits Manager is responsible for designing, overseeing, and managing the organisation's compensation and benefits programs. This includes ensuring the compensation structure, including salaries, performance-based incentives, and benefits, is competitive and aligned with the organisation's strategic objectives.

    The successful candidate will collaborate with various stakeholders to develop and maintain effective compensation and/or remuneration and/or benefits policies that attract, retain, and motivate employees. They will also provide accurate and timeous salary payments compliant with all applicable legislative requirements and implement remuneration-related policies.

    Key responsibilities include developing and implementing compensation strategies and structures, conducting regular surveys and market research, analysing compensation data and trends, and providing guidance and support to HR and Management on compensation and benefits-related matters.

    The ideal candidate will have a B.Com in Accounting or equivalent degree with a specialisation in Payroll Management, as well as post-graduate qualifications and at least 10 years of experience in compensation and benefits management and/or payroll management.

    They will be proficient in Information Management Systems such as SAP HR Module/Oracle and Advanced Excel, and have membership of a professional body focused on compensation and benefits.

    Responsibilities:

    • Develop and implement compensation strategies and structures
    • Develop and/or review and implement compensation and benefits policies
    • Conduct regular surveys and market research to ensure competitive compensation practices
    • Analyse compensation data and trends to make informed decisions on salary adjustments, bonuses, and/or incentives
    • Collaborate with HR and Management to develop job descriptions and perform job evaluations
    • Provide guidance and support to HR and Management on compensation and benefits-related matters
    • Prepare and present reports on compensation and benefits metrics as well as other relevant HR Analytics, when required, to Senior Management
    • Manage all Payroll activities, establishing appropriate checks and balances to ensure on-time payment, compliance, and accuracy
    • Ensure smooth running of the administration of benefits
    • Manage payroll processes, salary reviews and incentive schemes
    • Responsible for the integrity of data on the HR Management Information system
    • Ensure consistency in the application of Human Resource policies, benefits and guidelines
    • Manage the preparation of the Group's annual workforce and salary budget including the evaluation of the need for new positions and the total remuneration cost and submission thereof
    • Provide support for the review of personnel request to ensure that additional staff or change requests are justified in accordance with budgets, structure and business principles in compliance with organisation design principles
    • Manage and oversee administration of the group's leave management, time and attendance processes, and retirement benefits
    • Execute reconciliations to provident/retirement fund, submit UIF returns, administer all tax affairs related to payroll, prepare bi-annual PAYE returns and prepare and reconcile 3rd party payments
    • Liaise with IT on SAP notes and upgrades related to payroll
    • Assist Auditors with internal, external, and SHEQ audits
    • Ensure good governance and audit protocols are followed by ensuring appropriate controls are in place, processes and procedures are documented and reviewed regularly; and that the highest standards of accuracy and rigour are maintained


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