South African Reward Association > PROFESSIONALISATION > Chartered Reward Specialist

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Chartered Reward Specialist


Criteria

Proactively
identifies and analyses the needs of the business by conducting research into remuneration trends and best practices Manages two or three remuneration specialists / analysts or the payroll manager
Approves requests for exceptions to policies
Compiles an increase mandate for approval by Exco, participate in union negotiations and manages the increase process within the business
Sound knowledge of Labour legislation, King III and relevant governance codes that influence sphere of job
Ensures the total remuneration approach includes sound job evaluation methodology and process
Negotiates and agrees with key survey houses on the contractual agreement for survey participation
Research and benchmarks best practice in employee benefits. Prepare final recommendations for approval and is policy custodian for benefit policies.
Assists with the provision of relevant market information supporting the design of STI and LTI schemes. Conducts training on all schemes to HR, employees and line forums
Finalises agenda, source and compile relevant documents for RemCo packs
Benchmarks information for the development of paylines and implements market related remuneration structures.
Functions at senior management level reporting to the Remuneration Executive / HR Executive, HR Director or similar, CFO, COO or CEO.

Qualifications

B Degree/ 3 year Diploma (equivalent to NQF6)

Experience

10 to 15 years' relevant experience (with no GRP Certificate)
8 to 12 years' relevant experience (with GRP Certificate)

Sector specific qualification

GRP Certification (W@W)
Minimum Rewards Standards accreditation (SARA)

CPD points requirement

50 every three years

Guideline Grade Range (Paterson)

D4/D5

Example Titles

Corporate
Remuneration Manager
Consulting Principal Consultant, Senior Consultant
OFO Remuneration Manager


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