Rewards & Remuneration Specialist

SUMMARY:
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POSITION INFO:

Rewards & Remuneration Specialist Sandton

Our FMCG client is looking for a Rewards & remuneration Specialist with 5+ years’ experience. The Rewards & Remuneration Specialist will play a critical role in developing, implementing, and managing compensation and benefits programs that attract, retain, and motivate top talent within the FMCG sector. This position requires a strategic thinker who understands market trends, compensation structures, and the unique challenges faced by the FMCG industry.

Salary: Market-related CTC

Position Type: Permanent

Start Date: ASAP

Industry: FMCG

Minimum Requirement:

• Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field; a Master’s degree
• Proven experience (typically 3-5 years) in a rewards and remuneration role, preferably within the FMCG industry.
• Strong understanding of compensation practices, benchmarking, and labor market trends.
• Proficient in using HRMS and data analysis tools.
• Excellent analytical skills and attention to detail.
• Strong interpersonal and communication skills, with the ability to effectively engage with employees at all levels.
• Ability to work independently and as part of a team, managing multiple priorities effectively.

Key Responsibilities:

Compensation Strategy Development:

• Collaborate with HR leadership to design and implement competitive compensation structures that align with the company’s strategic objectives and support talent acquisition and retention.
• Conduct regular benchmarking studies to ensure compensation packages are competitive within the FMCG market.

Job Analysis and Evaluation:

• Perform job evaluations and market salary analysis to ensure equitable pay grades and structures across the organization.
• Create and maintain job descriptions and ensure compliance with internal and external regulations.

Incentive Programs:

• Design, implement, and manage short-term and long-term incentive programs, including bonuses, profit-sharing, and stock options tailored to the needs of the FMCG workforce.
• Monitor performance metrics to assess the effectiveness of incentive programs, making recommendations for improvements as necessary.

Benefits Management:

• Evaluate, recommend, and manage employee benefits programs, including health insurance, retirement plans, and wellness initiatives that meet employee needs and company budgets.
• Stay updated on industry trends, government regulations, and changes in the landscape of employee benefits.

Data Analysis and Reporting:

• Analyse compensation-related data to provide insights and recommendations to senior management.
• Prepare regular reports on compensation expenditures, benchmarking results, and employee satisfaction surveys.

Employee Communication:

• Develop and deliver training and communication materials regarding compensation packages, benefits, and rewards programs to employees and management.
• Act as a point of contact for employee inquiries regarding compensation and benefits programs.

Compliance and Governance:

• Ensure that compensation and benefit programs comply with legal and regulatory requirements.
• Maintain proper documentation for audit purposes and compliance reviews.

Continuous Improvement:

• Conduct regular evaluations of the effectiveness of existing compensation and benefits programs and identify opportunities for enhancements.
• Stay informed of market trends and best practices in compensation and benefits, particularly within the FMCG sector.

Application Process:

Interested candidates are invited to submit their resume and cover letter online.

FROGG Recruitment