Manager: Compensation & Benefits

We are seeking a Manager: Compensation & Benefits to drive the development and implementation of strategies that strengthen our Employee Value Proposition. This role is critical in securing and retaining key talent while enhancing overall business performance.

Who You Are

• ·You are a strategic thinker with strong analytical and financial acumen.

• You are able to manage budgets, assess financial impacts and build a business case for recommendations.
• You have ability to align strategies with overall business objectives, ensuring cost efficiency while driving employee engagement and retention.
• You are a natural leader who can inspire and develop teams, foster knowledge transfer, and build strong relationships across all levels of the organization and with external stakeholders.
• You are skilled at managing change and ensuring smooth transitions while maintaining compliance and governance standards.
• You have high ethical standards with a strong commitment to corporate governance, risk management, and adherence to legislative requirements.
• You have the ability to anticipate market trends, benchmark best practices, and introduce innovative reward strategies that strengthen the Employee Value Proposition.

What You Will Be Doing

• Develop and manage annual salary budgets, short-term and long-term incentive plans (STIP & LTIP).

• Oversee pension fund surplus utilization and ensure compliance with legislative requirements.
• Design and maintain reward strategies, retention programs, and technical ladders to support capability development.
• Manage Executive Remuneration and prepare & present proposals to the Remuneration Committee (REMCO).
• Ensure effective governance of Employee Share Ownership Plans and benefit funds.
• Lead policy development for retirement, medical, insured benefits, and reward programs.
• Build strong relationships with internal and external stakeholders, including Discovery Health, Momentum Life, Alexander Forbes, and regulatory bodies.
• Market Analysis – Conduct job evaluations and market benchmarking to ensure pay is both internally equitable and externally competitive.
• Compliance and Reporting including internal and external Audit requirements – Ensure all program and procedures comply with current laws and prepare necessary statistical and regulatory reports.

• NQF Level 7 Degree (Bachelor's Degree)

• 10 years' experience managing the Compensation function (operating at Senior Management level)
• 5 years HR Reward experience.
• Strong knowledge of Labour Acts (LRA, BCEA, EEA) and Employee Share Schemes