Remuneration Lead

Remuneration Lead General

Pretoria - Gauteng

We are looking for a Remuneration Lead, an individual with strong strategic, analytical, and organizational skills to lead the Remuneration Department.

The main purpose of the job is to align the Remuneration and Benefits strategy with the needs of the business and integrate the core remuneration competencies and processes into organizational objectives.

Location:

• Pretoria

Qualification and Experience Requirement:

• Minimum 10 years' remuneration experience in a senior management role.
• Experience in managing payroll and HR Systems.
• Knowledge of employee benefits and benefit administration (retirement, risk, medical aid).

Core duties to be carried out:

• Develop and implement (maintain) a sound remuneration strategy aimed at rewarding people fairly, equitably and consistently in accordance with their value added to the Group.
• Full end-to-end reward management including philosophy and strategy development, implementation, governance, communication, benchmarking, process, and practice development, as well as the required annual cycle reviews for:
• Non-executive Directors in collaboration with Group Secretary.
• Executive Directors.
• Management and general employees.
• Prepare all remuneration proposals including annual remuneration reviews for the Remuneration Committee and take responsibility for the compilation of Remuneration Committee packs.
• Responsible for the development and maintenance of the Remuneration Policy which is ultimately approved by the Board.
• Responsible for recommending amendments to the short and long-term incentive plans to the Remuneration Committee and acts as owner of these rules.
• Directs ongoing benchmarking of all Remuneration policies, programs, and practices to keep management informed of new developments.
• Develop (and recommend) and manage the Group's pay structure. This includes the delineation and structure of fixed and variable pay systems within the Group, which includes short-term incentives, long-term incentives, commissions, rewards, annual and equity increases. Commissions exclude commission paid to intermediaries.
• Directs the design and develop, and manages appropriate incentive and commission schemes to reward employees across the business in bargaining units, sales, management, etc. Assist with the recommendations by business units to the People Practices Committee and prepare the recommendations to the Remuneration Committee and the Board

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