Discovery Careers – Senior Remuneration Specialist

Website Discovery Limited

Job Description:

  • The Senior Remuneration Specialist will be responsible to:
  • Conduct market benchmarks for key executive roles on an annual basis.
  • Compile reports for REMCO on annual salary reviews, incentive payments, and new remuneration policy proposals
  • Conduct annual pay gap analysis for reporting purposes to agencies and integrated annual report
  • Provide specialist advice to business units within Discovery Group, escalated by specialists and Heads of People.
  • Conduct research on key areas regarding remuneration and benefits to analyse and predict market trends.

Job Responsibilities:

  • Identify and implement opportunities for improvement to existing processes
  • As a member of the Reward team, contribute in leading Reward initiatives at Group or business unit level
  • Conduct education to line managers to ensure pay decisions are in line with the remuneration philosophy and the pay construct is understood
  • Monitor effectiveness and market competitiveness of incentive schemes by conducting periodic audits and prepare reports
  • Maintain an understanding of executive remuneration and interpret trends in order that the executive remuneration and benefits packages remain competitive
  • Ensure that remuneration practices are in compliance with current legislation
  • Proactively identifies and analyses the needs of the business by conducting research into remuneration trends and best practices.
  • Compile Remuneration Committee submissions at Group and business unit level
  • Contribute in identifying business requirements for enhancements to Reward systems.
  • Advising business on the Group’s reward philosophy and governance
  • Ensure the design of reward practices is compliant with applicable legislation and regulation

Job Requirements:

  • International Financial Reporting Standard 2 Share-based Payment
  • Professional Registration Chartered Reward Specialist with SARA or Global Remuneration professional
  • Sound knowledge of Labour legislation, King III and relevant governance codes that influence sphere of job.
  • Global Remuneration Professional (GRP)

Qualification & Experience:

  • 6 to 12 years’ relevant experience (with Global Remuneration Professional (GRP) Certificate).
  • 12 years remuneration experience
  • Bachelors’ Degree/3 year Diploma (equivalent to NQF Level 6)

Job Details:

Company: Discovery Limited

Vacancy Type: Full Time

Job Location: Roodepoort, Gauteng, South Africa

Application Deadline: N/A

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