Job Description

Brief description

The main purpose of this position is to lead a team in the provision of an expert compensation and benefits consultative service within the South African Reserve Bank (the Bank) and provide fit-for-purpose solutions in respect to Reward and HR analytics aligned to the SARB's strategy.

Detailed description

The successful candidate will be responsible for the following key performance areas:


To develop, implement and maintain the total reward strategy to ensure an optimal benefit mix in support of the SARB's Employee Value Proposition (EVP). To support the SARB through the HRBPs in the provision of fit-for-purpose Compensation and Benefits solutions. To develop and maintain the remuneration policy and procedural guidelines to inform pay decisions within the SARB as well as monitor the consistent and appropriate application thereof. To develop and maintain a fit-for-purpose recognition programme for the SARB. To benchmark compensation and benefit processes to ensure relevance, efficiency and alignment to best practice. To research, analyse and conduct salary and benefit surveys to ensure competitiveness in the attraction and retention of talent. To take responsibility for Human Resources' strategic reporting, liaise with relevant stakeholders in this regard and represent HR projects at appropriate forums. To fulfil the team leader function pertaining to the performance and the development of the team. To manage output of the Compensation and Benefits team members on an ongoing basis, manage workflows, monitor quality, turnaround times and deliverables in accordance with pre-scheduled responsibilities, ad hoc activities and projects. To create and maintain comprehensive documentation, knowledge articles, and training material to support Compensation and Benefits objectives and the HCM cloud solution. To establish and manage relationships with key internal/ external stakeholders and service providers. * To collate, analyse and disseminate management information and provide insights to the Divisional Head for effective decision making.