(1745) Reward Analyst - HRD

To provide expert compensation and benefits consultative service within the South African Reserve Bank (the Bank) and provide fit-for-purpose solutions in respect of reward and analytics aligned to the Bank’s strategy.

Detailed description

The successful candidate will be responsible for the following key performance areas:

• To support the Bank through the HRBPs in the development of fit for purpose solutions, policies, procedures and processes related to the Compensation and Benefits function.

• To implement the total reward strategy in support of the SARB’s recruitment, retention and performance management strategies.

• To provide analytical consultation services regarding compensation and benefits programmes in line with legislative requirements, organisational goals and compensation philosophy of the SARB.

• To benchmark compensation and benefit best practices, research, analyse and conduct salary and benefits surveys to ensure competitiveness in the attraction and retention of talent.

• To establish and manage relationships with key internal/ external stakeholders and service providers in order to ensure the provision of fit-for-purpose compensation and benefit solutions within the Bank.

• To facilitate job evaluation sessions to determine weights/evaluation of jobs for job grading, 5compensation, job design and/or organisation design.

• To provide management reports for effective decision making by relevant stakeholders and senior leadership.

• To participate in recognition agreements with the local union on reward issues when required.

• To prepare, execute, monitor and report on the departmental operational budgets to allow for efficient financial management within HRD.

To be considered for this position, candidates must have:

• A minimum of a Bachelor in Human Resources/Commerce or equivalent.

• Remuneration qualification or GRP certification.

• A minimum of 5 to 8 years of experience in a compensation and benefits environment.

Additional requirements include:

• Industry, organisational and business awareness Knowledge and Skill.

• Quality assurance Knowledge and Skill.

• Reward and recognition Knowledge and Skill.

• Continuous improvement Knowledge and Skill.

• HR information management Knowledge and Skill.

• HR reporting Knowledge and Skill.

• Drive for results.

• Effective communication.

• Impact and influence.

• Building and maintaining relationships.

• Analysing & problem solving.

• Planning & organising.

• Judgement & decision making.

• Conceptual thinking.

• Innovation and creativity.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.