Job Purpose and Key responsibilities
Providing leadership in the design, development, communication, implementation and administration of the company’s total rewards programs, policies, and procedures in the areas of base pay, incentive pay, pension and retirement plans, flexible & traditional benefits plans, as well as wellness initiatives to positively impact the People Agenda specifically the talent and employee engagement initiatives and to enhance business performance.
Leveraging on people analytics, data, and HR technology tools for seamless delivery of employee experience.
Key responsibilities
Implement the Group Reward Strategy, covering salaries, bonuses, pensions, medical insurance, employee stock option scheme, mortgage scheme, sales incentive plans and any other
Ensuring compliance with all the necessary statutory regulations and legislations in the various jurisdictions where the Group operates
Efficiently manage all administrative functions of related to remuneration and benefits systems and structures at Britam. Responsible to ensure that all staff are registered in all applicable benefits schemes.
Develop, design and implement reward strategies to include salary benchmarking, benefits (including pension) management and annual compensation events such as bonus and salary review.
Ensure appropriate HR rewards administration processes and systems are in place for the Britam Group, which meet the respective legal and organisational requirements such as Income Tax, Social Security programs, medical programs and any other statutory requirements.
Prepares communication briefs and conducts sessions on compensation related changes emanating either from the company perspective or regulatory perspective to staff and stakeholders.
Conduct benchmarking of key reward practices and annual remuneration surveys across the region. Carry out research in all countries that Britam operates and make recommendations on compensation and benefits based on remuneration trends and best practices in those jurisdictions.
Evaluates and modifies remuneration and benefits policies to establish competitive programs and to ensure compliance with legal requirements.
Implement the annual performance framework of increments, promotions, and bonuses for all staff where Britam operates in liaison with HR team to implement approved rewards decisions.
Responsible for execution of terminal benefits for staff exiting the company.
Payroll trend analysis including adverse trend identification and course correction so as to ensure effective application of reward policies and procedures across the geographies.
Deliver strong analytical and research support on internal and external compensation practices in collaboration with HR business partners in order to make recommendations and influence business decisions.
Prepare advanced and comprehensive analytics, delivering information to business leaders to convey factual and conceptual information aimed at achieving business objectives.
Manage total rewards to ensure consistency in policies, practices solutions and services.
Work closely with third party providers to effectively manage company retirement benefits to ensure streamlined process, adequate communication & education, excellent member services, and legislative compliance.
Identify opportunities to improve reward processes, including preparing and analyzing regular management and audit reports and ensuring integrity of the HRIS and other systems.
Responsible for HR analytics and lead process and system improvement initiatives to better facilitate data accuracy, operation efficiency and customer satisfaction.
Responsible for ensuring that the Britam Staff Annual Budgeting process including the cost implications of the annual workforce planning is completed within the set deadlines.
Develop, train, coach, motivate and evaluate functional staff to achieve highest levels of performance.
Perform any other duties as may be assigned from time to time.
Knowledge, experience and qualifications required
Bachelor’s Degree in a business-related field
Specific post-graduate training in compensation and benefits and /or HR professional certification
Six to eight (6-8) years compensation and benefits management experience, 3-4 years of which must be in a management position.
Up to date knowledge on various country Employment and Contract Laws as well as Retirement Benefits rules and regulations
Proven track record of working with people analytics specifically remuneration and reward analytics.
Exposure and knowledge in executive compensation programs management
Experience and track record in using data and analytics to inform total reward decisions
Technical/ Functional competencies
Knowledge in Employee Tax policies and procedures
Knowledge in Retirement Benefits rules and procedures
Knowledge in executive compensation programs
Knowledge in Payroll Administration
Knowledge in HR budgeting and planning
Ability to drive change.
Apply via :
britam.taleo.net
