Reward Specialist

The
Reward Manager supports the People & Culture (P&C) team through the
management and administration of the organisation's remuneration, benefits, incentive,
payroll governance, job evaluation and people cost management processes. The
role is responsible for ensuring accurate and compliant payroll delivery,
supporting the annual remuneration cycle, maintaining sound reward practices,
providing people cost insights, and ensuring competitive market positioning
through job grading and benchmarking.

This
position will work collaboratively with internal and external resources to
implement, review and improve compensation and benefit processes.

Reward
Management

• Review, develop and roll out the required reward policies and ensure
  remuneration practices align with these policies and governance requirements.
  
• Coordinate and administer the annual salary review process.
  
• Support the design, implementation and governance of annual remuneration
  changes.
  
• Administer
  Short-Term Incentive (STI) schemes.
  
• Support Long-Term Incentive (LTI) administration and communication. 
  
• Prepare remuneration modelling, costing and affordability analyses.
  
• Monitor internal pay equity and market competitiveness.
  
• Conduct remuneration analyses and provide recommendations to business
  leaders.
  
• Support the consolidation of Reward reports for Board
  
• Act as an internal consultant on remuneration practices, policies and
  programs.
  

• Conduct job evaluations.
  
• Maintain organisational grading
  structures.
  
• Benchmark positions using REMChannel
  and other market data sources.Ensure consistency and integrity of
  grading decisions.
  
• Provide P&C and hiring managers
  recommendations on grade placement and remuneration positioning.
  
• Participate in organisational design
  and role review initiatives.
  
• Review and approve remuneration offers for new hires, ensuring fairness, market competitiveness and internal
  equity of offers.
  
  

• Drive the day-to-day operations of the P&C payroll administration.
  
• Oversee, train, and evaluate the work activities of payroll support
  staff.
  
• Oversee payroll operations delivered efficiently and correctly through
  the outsourced payroll provider.
  
• Review and approve payroll inputs and outputs.
  
• Perform payroll sign-off prior to payment processing. Ensure statutory
  compliance relating to payroll and tax requirements.
  
• Manage payroll audits and resolve payroll-related issues to ensure
  compliance and payroll accuracy across payments and benefit management.
  
• Implement controls to ensure payroll accuracy and data integrity.
  
• Maintain payroll governance processes and documentation.
  
• Develop, implement, enhance and communicate payroll policies, processes
  and procedures .
  
• Ensure timeous and correct capturing
  of new-hire documents, change of status forms, terminations, and all other
  payroll and/or benefit related documentation.
  
• Compile and reconcile
  Payroll and Benefits billing.
  
  

Employee
Benefits Communication and Enablement

• Ensure full compliance across all plans with applicable policies and
  local regulations concerning employer-sponsored benefits, including:
  

·       Managing all medical aid and gap cover queries and audits annually.

·       Preparing necessary record keeping and reporting for retirement fund
purposes.

·       Leveraging external partners to stay on top of all requirements.

• Manage monthly billings from any service providers and other vendors,
  including review billings for accuracy, codes, and advance for payment.
  
• Develop benefits information, and statistical data for management
  reporting.
  
• Assist with internal communication, promotion, and education efforts for
  WFS benefits.
  
• Co-design benefits with stakeholder’s and outsourced service provider
  when required. 
  
• Act as the local subject matter expert on employee benefits.
  
• Ensure employees understand available benefits.
  
• Support benefit awareness campaigns.
  
• Facilitate communication and employee education sessions.
  
• Partner with the parent company on benefit-related initiatives.
  
• Respond to employee benefit queries and escalations.
  

People
Cost Budgeting and Workforce Cost Management

• Support
  P&C and Finance with annual people cost budgeting.
  
• Prepare remuneration forecasts and workforce cost projections.
  
• Analyse salary increase scenarios and their financial impact.
  
• Monitor actual people costs against budget.
  
• Provide management reporting on workforce expenditure.
  
• Support business cases involving remuneration and organisation design
  

Variable
Pay Committee Support

• Coordinate activities of the Variable Pay Committee.
  
• Prepare committee packs and remuneration analyses.
  
• Track committee decisions and actions.
  
• Support governance, policy and guideline development, and control
  requirements relating to variable pay programmes.
  

• Manage and develop the Payroll Administrator.
  
• Establish service standards and performance
  objectives.
  
• Drive continuous improvement within payroll and
  reward processes.
  
• Build reward
  and payroll capability within the P&C team.
  

Requirements

MINIMUM QUALIFICATION

• Degree in
  P&C, Finance, Accounting or equivalent Analytical and Financial
  Qualification.
  
• Reward or remuneration
  certification advantageous. Job Grading and Evaluation certification (Paterson
  preferred).
  

EXPERIENCE REQUIRED

• 5+ years’ experience within remuneration, data analysis, job evaluation,
  grading and employee benefits administration.
  
• Supported management of incentive schemes.
  
• Process development and policy design.
  

PREFERRED EXPERIENCE

·       Management experience working across different occupational levels.

·       Experience with payroll processes and governance.

·       Experience with STI, LTI and other remuneration modelling.

Woolworths Financial Services is a proud South African
brand, who is committed to transformation. Meeting our employment equity goals
will be taken into account in our recruitment decisions.