Senior Compensation Execution Specialist – Government Job Vacancies in CPT – Northern Suburbs

ManpowerGroup SA

Reference: CPT001857-AK-1

The purpose of the Senior Compensation Execution Specialist role is to take responsibility for supporting the end-to-end compensation execution function. The role works in accordance with the Reward Solutions frameworks and practices and supports the implementation components of new Reward initiatives at the compensation execution level. The role takes accountability for quality standards and risk assurance measures by formulating clear compensation execution processes, including the integration points with other People solutions and services functions. This Senior Compensation Execution Specialist also provides general project support within the compensation execution portfolio taking on special assignments with the Rewards, Benefits and People Support Desk functions aimed at developing, maintaining, or enhancing processes that impact the compensation execution delivery. The role also supports additional tasks that fall within the Senior Group Compensation Execution Specialist portfolio, assisting with the facilitation of Compensation data across the People team and other stakeholders as relevant. The role facilitates effective compensation execution knowledge transfer and builds capacity across the People function by empowering various stakeholders to participate in the compensation execution process according to the Rewards frameworks and practices and compensation execution delegation of authority

Duties & Responsibilities

Responsibilities:

Employee Centric Delivery:

  • Providing input into the Reward Strategy for the Group.
  • Managing the day to day, package structuring, execution of employee compensation and data administration applicable to the management of employee compensation in adherence to policies, procedures and specified timeframes.
  • Validating and processing status change requests impacting on compensation so that the Payroll team can process accordingly.
  • Advising businesses/colleagues on status change requests including package calculations, benefit allocations and allowances and liaising with recruiters in terms of package structures.
  • Managing the compensation execution aspects of the annual increase and bonus processes inclusive of distribution of letters.
  • Reviewing annual share allocations as well as the vesting thereof.
  • Verifying the list of participants eligible for dividend payments as well as payment details and
    loading dividend price per share.
  • Together with the Reward Solutions team, engaging with stakeholders (participants, Investec and Senior Management) on any share scheme changes, questions raised and scheme options.
  • Building effective relationships and driving compliance with the Share Scheme Administrators (Investec).
  • Approving car allowance extensions and other adhoc compensation related considerations.
  • Processing
  • Adhering to compensation data standards.

People (Self, Team & Organisational):

  • Managing the Compensation Execution team to deliver services to the business.
  • Managing the enablement of an innovative, agile and employee centric culture where employees are supported, empowered and valued within the Compensation Execution team.
  • Managing the enablement of an employee wellness culture within the Compensation Execution team to ensure that employees are supported mentally, physically and emotionally.
  • Managing the enablement of a culture of open and transparent communication within the Compensation Execution team to ensure that employees are informed of developments timeously.

Financial, Reporting & BI:

  • Managing of Compensation Execution costs whilst ensuring service delivery to the Group.
  • Managing the collection and use of Compensation Execution data and business intelligence to transform the delivery of Compensation Execution.

Governance & Compliance:

  • Managing adherence to the Compensation Execution team governance structures, policies, processes, procedures and frameworks.
  • Managing adherence to organisational and legislative governance frameworks and standards.
  • Identifying Compensation Execution risks and developing appropriate risk mitigations plans.

Future-Fit:

  • Participating in the integration and effective flow of work with other solution areas and business.
  • Identifying relevant technology requirements for Compensation Execution and ensuring optimal utilisation thereof.
  • Identifying opportunities for continuous improvement in Compensation Execution processes to ensure ongoing process efficiency.


Requirements:

  • Degree in Human Resources, Finance or equivalent
  • 2+ years in a Senior Compensation Execution or equivalent role, delivering Compensation Execution and advisory services in an HR/Finance environment within related frameworks, policies, procedures and guidelines
  • Experience within the FMCG, retail sector or similar
  • Demonstrable knowledge of Compensation Execution within the FMCG, retail sector, understanding of the challenges of Compensation Execution in a Group, retail environment
  • Knowledge of HR policies, procedures, legislation and regulation
  • A proven track record of delivering Compensation Execution and demonstrating knowledge of trending Compensation Execution best practices in a retail environment.

Please note only shortlisted candidates will be contacted

Package & Remuneration

R 900000 – R 1000000 – Annually

 

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