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.
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.
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.
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