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Group Rewards Specialist

ROLE PURPOSE:

  • Relevant diploma or degree. Global Remuneration Professional (South African Reward Association)
  • Minimum of 5 years’ experience within a reward specialist function.
  • International reward experience preferred.
  • Strong project management experience.
  • Demonstrable modelling and analytical ability through development of financial models and interpretation of information

SPECIFIC OUTCOMES / ACCOUNTABILITY:

  • Project Manage Employee eligibility and other elements of the Aspen Incentive schemes and merit process globally
  • Review remuneration proposals for job offers at Holdings
  • Benchmarking and working with service providers to obtain market data to inform compensation decisions
  • Benchmarking of Aspen remuneration levels by country and on a relative level between countries
  • Identify and escalate remuneration gaps between current and desired states
  • Manage the system budgets for Merit and Bonus Proposals/Allocations to various Business Units and assist with final balancing and reconciliation of Budgets and actuals and ensure that they are accurate
  • Ensure TCOE data of employees are accurately maintained and accessible as required.
  • Ensure existing processes are sound and that information is securely protected.
  • Work with payroll to develop accurate package structuring and pay simulation tools for South Africa and ensure all business units globally implement equivalent simulation tools
  • Provide input into the global compensation and benefits philosophy and framework by possessing a thorough understanding of the current and future state of compensation and benefits structure across the organisation and by benchmarking best practice as accessed from SA and international company published remuneration reports
  • Contribution to the design of global mobility and retention programmes to support  Talent Management teams in ensuring workforce sustainability and readiness through organisational change
  • Development of budgets and market information to support the annual remuneration increase processes and accessing and collating of the proposed remuneration for key employee groups including but not limited to the Holdings Business Unit and Group Executives
  • Provide s input into the design of incentive schemes
  • Custodian of annual payscales, merit increases, benefits eligibility
  • To create an environment of work-life effectiveness through the establishment and deployment of meaningful wellness programmes

Job requirements: 

EDUCATIONAL QUALIFICATIONS & EXPERIENCE:

  • Relevant diploma or degree. Global Remuneration Professional (South African Reward Association)
  • Minimum of 5 years’ experience within a reward specialist function.
  • International reward experience preferred.
  • Strong project management experience.
  • Demonstrable modelling and analytical ability through development of financial models and interpretation of information.

SKILLS AND ATTRIBUTES:

  • Effective planning, organising and co-ordinating
  • Results driven
  • Effective problem solving and decision making
  • Commercial and strategic awareness
  • Independent and self directed individual that can drive execution;
  • Influencing capabilities;
  • Effective interpersonal skills;
  • The ability to communicate effectively (written and verbal) is essential;
  • Attention to detail;
  • Project management skills;
  • Ability to think strategically and innovatively around total rewards

KNOWLEDGE:

  • Advanced MS Excel and PowerPoint skills.
  • A solid understanding of local and an awareness of global regulatory reward frameworks, legislation and best practice standards.
  • Deep working knowledge of variable pay schemes
  • Deep technical knowledge of best practice design principles for variable pay schemes (cash, equity or phantom based instruments).
  • Financial modelling expertise to build scenario models of company value drivers (current and projected into the future) and the impact of variable remuneration pools/pay-outs.

ASPEN COMPETENCIES:

BUSINESS

  • Accountability/ Ownership
  • Performance Driven

PEOPLE

  • Develops Talent, Teamwork & Diversity
  • Communicates Effectively
  • Leads & Influences Others

SELF

  • Takes Action with integrity
  • Contributes Special Expertise
  • Continuously Grows & Develops

Reference Number: 

GRSHOL1

Company: 

Aspen

City: 

Durban North

Country: 

ZA

Salary: 

Market Related

Job Type: 

fulltime

Industry: 

Pharmaceutical And Medical/Healthcare