Director: Remuneration & Benefits

at University of Fort Hare
Location East London, East London, South Africa
Date Posted
Category Admin & Office
Job Type FULL_TIME
Work Hours Day
Salary Units MONTH
Currency ZAR

Description

 

DIRECTOR: REMUNERATION AND BENEFITS

 

Job Purpose The University of Fort Hare invite suitably qualified candidates to apply for the position of Remuneration and Benefits Director.

 

The incumbent will be responsible for the total reward and benefit programmes of the institution and continuously develop, implement and monitor existing remuneration policies, systems and procedures and make recommendations to management to ensure the institution offers competitive rewards and benefits through active networking in relevant forums and participation in relevant surveys to benchmark best policies and practices to stay abreast of market norms.

Ø  To provide strategic management services regarding remuneration retirement, medical aid and risk-benefit funds thereby ensuring competitive benefits that enhance the university’s image both internally and externally and align with institutional strategies and objectives.

Minimum requirements and Qualifications

 

Master’s degree in Business, Accounting, Human Resource Management or related.

Any other relevant degree specializing in remuneration and benefits will be an added.

Minimum of ten years relevant experience of which five years’ experience in a similar role at a senior management level

Professional Registration

 

Global Remuneration Professional Certification

SARA (South Africa Rewards’ Association) Professional Designation as Remuneration Specialist preferred

Duties & Responsibilities

 

Review, monitor and implement remuneration policy, philosophy and strategies

Research and develop annual remuneration increase proposals to the Remuneration Committee and implement approved increases across the Group

Research and develop annual board and meeting fee increase recommendations and proposals to the Human Resources and Remuneration Committee for non- executive board members

Ad-hoc benchmarking of remuneration levels as well as incentive schemes

Implement and manage Executive Short term and Long Term Incentive schemes for the institution

Participation in all relevant surveys on behalf of the organisation to obtain relevant comparative market data and benchmarks

Annually review and update Salary ranges in line with market rates and benchmark jobs

Ongoing communication and awareness of Fort Hare Total Reward / Value Proposition

Job evaluation and job grading of new or changed roles as identified and requested by Business

Develop and review Remuneration and Employee Benefit Policies and Procedures including Expatriate management and International assignments

Provide guidance and support to the HR department and line management across the group on all remuneration and benefit matters

Manage employee benefit programmes through liaison with appointed brokers and/or consultants and ensure all contracts and rates are implemented effectively

Institution elected medical aid providers,

GAP cover,

Pension and provident funds and Bargaining council funds,

Employee Assistance programme

Group Life and Personal Accident Fund

Emergency medical evacuation cover

Serve on the Main Board of Trustees of the institution retirement fund and/or industry funds

Manage all administrative matters and payroll processes for executives and head office staff in lifecycle of employment on a monthly basis

Manage approved disabilities in receipt of income continuation benefits on behalf of the university

Provide user specifications for HR Management System to align with policy and procedure

Management of retirement funds and insured benefits, medical aid fund strategy and policy and remuneration practices.

 

Skills and Knowledge

Detailed knowledge and experience of retirement fund administration and management

Working knowledge of the Labour Relations Act

Basic Conditions of Employment Act; UIF Act; Medical Schemes Act; COID Act; Income Tax Act, Pension Funds Act,  Regulation 28

Knowledge/sensitivity to International employment law and the differences between countries.

Detailed knowledge of formulae and benefits calculations

Peromnes Job Evaluation Grading principles

Working knowledge of REMChannel and REMmeasure, and Sharepoint will be an advantage

Advanced MS Word competency

Desired Competencies

Analysis & Judgment

Problem-solving

Assertiveness

Stress Management

Excellence orientation

Ethical behaviour

Client Focus

Conflict handling

Business Acumen

Financial acumen

 

Interested candidates can send their CV