Shoprite is seeking a Senior Group Compensation Execution Specialist to manage compensation processes, ensure compliance, and provide advisory support on remuneration structures and policies.
Key Responsibilities
- Oversee package structuring, execution of employee compensation, and data administration, ensuring alignment with company policies and timelines.
- Advise on status change requests, including package calculations, benefit allocations, and allowances, while collaborating with recruiters on compensation structures.
- Manage the execution of annual salary increases and bonus processes, including letter distribution.
- Monitor share allocations and vesting processes, ensuring accuracy and compliance.
- Verify eligibility for dividend payments, process payment details, and update dividend pricing per share.
- Work with the Reward Solutions team to manage stakeholder engagement on share scheme changes, inquiries, and available options.
- Maintain compliance with Share Scheme Administrators (Investec) and relevant governance structures.
- Review and approve car allowance extensions and other compensation-related requests.
- Ensure adherence to compensation data standards and best practices.
- Identify risks related to compensation execution and implement mitigation strategies.
- Explore opportunities for integration and workflow improvements across compensation and business functions.
Qualifications
- Degree in Human Resources, Finance, or a related field (essential).
Experience
- Minimum of four years’ experience in a senior compensation execution role, providing advisory services in an HR or finance environment (essential).
- Experience in the FMCG or retail sector is preferred.
- Candidates with extensive experience in compensation execution best practices may be considered without a degree.
Knowledge and Skills
- Strong understanding of compensation execution within a retail environment.
- Knowledge of HR policies, procedures, legislation, and regulations.
This opportunity is ideal for a Senior Group Compensation Execution Specialist with a detail-oriented approach and a deep understanding of remuneration processes. Apply now to be part of the Shoprite team.