Compensation Analyst

Job Description

We are on the lookout for a meticulous Compensation Analyst to join our HR team in Durban. This role is pivotal in designing and administering our compensation strategy, analyzing salary structures, and ensuring compliance with employment laws. The ideal candidate will also contribute to the enhancement of employee benefits packages, promoting overall workforce satisfaction.

Responsibilities

• Create comprehensive job analysis profiles.
• Participate in compensation surveys and compile detailed compensation data analyses.
• Review and revise pay structures and policies as needed.
• Collaborate with recruitment on job offers ensuring they align with compensation philosophy.
• Provide input for strategic planning related to compensation and employee benefits.
• Assist in the development of performance-based pay programs.
• Analyze turnover data to assess pay-related issues.
• Support HR initiatives and projects involving employee engagement and retention strategies.

Requirements

Education

• Bachelor's degree in Human Resources, Finance, or a related field
• Professional certification in compensation practices is preferred

Experience

• 5+ years of relevant experience with compensation structures

Technical Skills

• Statistical Analysis
• Budget Management

Soft Skills

• Negotiation
• Leadership

Certifications

• Certified Benefits Professional (CBP)
• Gallup Certified Strengths Coach

Languages

• English: Fluent

Advantageous

• Experience in employee engagement initiatives: Proven track record in supporting employee engagement programs aligned with compensation.
• Knowledge of compliance regulations in South Africa: Understanding of relevant labor laws and regulations to maintain compliance in compensation.

Benefits

• Attractive salary package with annual bonuses based on performance
• Full medical aid coverage and wellness programs
• Access to company retirement funds with matching contributions
• Work-life balance initiatives and hybrid working options
• Ongoing training and career advancement opportunities

Company Culture

• Innovation: We are committed to an innovative culture that encourages creative solutions and continuous improvement.
• Diversity and Inclusion: We strive for a diverse workplace where every voice is valued, fostering collaboration and engagement.
• Employee Empowerment: We believe in empowering our employees through mentoring and development opportunities.