Head: Total Rewards & Shared Services
Head: Total Rewards & Shared Services - This details all the information about the job posting.Closing Date of Advert8/4/Job TitleHead: Total Rewards & Shared ServicesOrganizational UnitIndustrial Development Corporation Ltd -(Human Capital -(Total Rewards and Shared ServicesJob TypeFull-timeCategoryHuman ResourcesLocationJob DescriptionA permanent position exists at our Head office in Sandton for a Head: Total Rewardsand Shared Services in the Total Reward and Shared Services DepartmentReporting RelationshipThe role will report to the Divisional Executive: Human Capital.This role has 5 distinct responsibilities:1. Remuneration, Benefits, Recognition and Rewards2. Shared Services3. Human Capital Technology Systems4. Employee Health and Wellness5. Childcare Development CentrePurpose of the Job:Conceptualize and lead the execution of the IDC EVP strategy to ensure that the organisation can attract motivation and retention employees that will contribute to the achievement of the organisations strategic objectives.Manage effective Remuneration and Benefits specialist servicesManage the Reward/Incentives schemesEnsure that the payroll is run successfully and in line with relevant legislation and policies.Provide oversight and support to the IDC Provident Fund and the Board of Trustees.Provide leadership direction and management to IDC facilities i.e., the childcare development centre by ensuring overall sustainability, operational efficiency, and good governance on an ongoing basis.Oversee the effective management of employee health and wellnessOversee the Human Capital shared services function thereby ensuring that the organisation has market leading Human Capital data analytical systems and solutions to drive efficiencies and performance to support the achievement of the strategies and employee value propositions on an ongoing basis.KEY PERFORMANCE AREASStrategic Development & AlignmentTo conceptualise, research, develop and periodically review the following frameworks to achieve the Employee Value Proposition (EVP) for the business and support the overall vision of the IDC:Remuneration and Benefits Framework (including pay systems, structures, policies & budget)Reward and Recognition FrameworkHeath Wellness FrameworkHuman Capital Technology FrameworkChildcare Development CentreShared ServicesThrough the engagement with various stakeholders ensure that all strategies are operationalised by defining clear plans, objectives & targets resulting in the achievement of the agreed strategic framework within the set timeframesTo ensure that all subunits within the Total Rewards and Shared Service Departments have clearly defined and implemented policies, procedures, and systems to support the achievement of the agreed frameworks.Oversee the alignment and integration of all Total Rewards and Shared Service Department frameworks to the entire HC function, including performance management, incentives, culture, and other associated strategies.Facilitate, prepare/recommend salary increase mandate on an annual basis ticipate in remuneration negotiations when required.Manage, review and optimise all benefits related processing (provident fund, group life insurance process, long term services awards, pensioners support process.Ensure effective implementation of employee wellness strategyEnsure effective implementation of Human Capital Technology strategyEnsure effective implementation of Child Care Development CentreOperational EfficiencyTo provide leadership to the various subunits within the Total Rewards and Shared Services Department ensuring optimal operational delivery of agreed services and support to the organisation daily.To oversee, manage and evaluate the effective execution of various programs, including short-term and long-term compensation plans, medical aid, insured benefit, employee assistance, incentive schemes and other associated programs to be an employee of choice in the industry.To define, review and ensure the implementation of the agreed job grading system resulting in fair and consistent best practices throughout the organisation.Provide advice and support to line management and Human Capital Business Partners on remuneration related issues.Create processes and standards to optimise cost and service delivery of processes to the businessStrategic Analysis and Business InsightTo obtain and analyse relevant remuneration data (i.e., industry trends, benchmarks, barriers, risks, and opportunities) and make informed decisions to ensure that the IDC offers competitive pay rates and overall equity throughout the business on an ongoing basis.Ensure that all jobs are accurately graded according to the standards set and support the overall Employee Value Proposition (EVP) goals set.Provide ongoing management support to the HC function in the areas of people metrics, data management, reporting, and advanced predictive analyticsProvides management support to the HC function in the areas of people metrics, reporting, and advanced predictive analyticsSupports the HC leadership team to identify business challenges and use data analysis to help influence changes to the operations, processes, or programmes.Communicates findings to senior management via formal presentations, standard management reporting artefacts on a periodic/quarterly/annual basis.Finance & GovernanceWith the support of the Finance, Legal and Tax departments ensure good corporate governance of the Total Reward and Shared Service Department ensuring overall compliance with all statutory reporting and other regulatory requirements.To develop and manage expenditure of the annual budget for the subunits monthly.Continually evaluate remuneration and benefits strategy against legislationConduct annual audit on implementation of remuneration strategy proposalsLeadershipProvide overall leadership and management to the Total Rewards and Shared Services Department to achieve the objectives set of the various frameworks and remain an employer of choice. Including: o optimising staff capacitytasks allocationmanaging performancedisciplining (if required)training and developmentStakeholder ManagementServe on various committees (internally and externally) and represents the Organization at appropriate functions, promoting a positive organization image and enhancing public relations.Prepare and conduct training programs or presentations as needed to a variety of audiences regarding matters of remuneration and benefits, procedures, changes, and legislative requirements.Reviews general HC communications/procedures/materials to provide inputs/ feedback in relation to Remuneration and BenefitsActs as coach and trusted COE in the areas of remuneration strategies that will ensure retention to building capability and the implications of short and long-term strategic decisions.Provides consultative advice and guidance on remuneration/benefits/concepts, practices, opportunities, and challenges to leaders, promote adherence to professional standards and regulatory requirements and facilitate continuous improvement in approaches and activities.Provide guidance and expertise to team members in the use and application of remuneration techniques, job evaluation methodologies, position classification systems and salary administration, as and when required.Communicate remuneration strategy in the business and ensure accessibility on SharePointJob RequirementsQUALIFICATION REQUIREMENTSRelevant Post Graduate Degree or equivalent qualification.MBA or masters would be an advantageThe following is desirable:A qualification in Business Information Management or Computer ScienceA remuneration certificationManagement or Leadership Development ProgrammeRegistration with the South African Rewards AssociationEXPERIENCE AND KNOWLEDGEA minimum of 10 12 years proven experience in managing Remuneration, Benefits and RewardsAt least 5 years experience in developing strategies around total rewardsAt least 5 years experience in managing a diverse teamExperienced Job Evaluation user is desirableSAP experience-desirableKnowledge of remuneration, benefits and rewards methodologies and principlesWorking knowledge of budget management and controlKnowledge of relevant legislation impacting HCKnowledge of EVP programs, principles, and processesKnowledge talent management strategiesKnowledge of HR SAP ModulesLEADERSHIP COMPETENCIESChange LeadershipDecisiveness in ExecutionPeople EngagementCommunication and EngagementTeamworkStrategic ThinkingInnovationBusiness MindsetDiverse Stakeholder ManagementResilienceBEHAVIOURAL COMPETENCIESDeciding and Initiating ActionLeading and SupervisingPersuading and InfluencingAdapting and Responding to changeAdhering to Principles and ValuesFormulating Strategies and ConceptsPlanning and OrganisingEntrepreneurial and Commercial ThinkingApplying Expertise and TechnologyCoping with pressure and setbacksWriting and ReportingCreating and Innovating****Requirement: As our entity (IDC) Provides financing & funding, the need to ensure trust, honesty and integrity in all financial & non-financial activities must be above reproach****You like this. 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