|Location||East London, East London, South Africa|
Admin & Office
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
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,
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
Analysis & Judgment
Interested candidates can send their CV