Rewards Specialist Illovo Sandton

Bushveld Minerals Job Description

Bushveld Minerals is a leading South African vanadium producer from its two operational assets, Vametco and Vanchem. Vanadium is a critical mineral in the steel industry and will be a key mineral in the Just Energy Transition. Future demand of Vanadium is predicted to increase dramatically, and the two assets have great potential to provide significant shareholder value by focusing on and addressing operational efficiencies.

The purpose of this role is to provide specialist advice, expertise, coordination and analytical support for broad reward practices, processes, and systems to the corporate office and Bushveld Minerals operations.

Duties & Responsibilities

• Co-develop a clear remuneration philosophy and guiding principles for Bushveld in consultation with the Group Head HR Operations according to which EXCO can make informed remuneration and benefits decisions.
• Execute relevant Reward Strategies and Tactical Plans to align reward practices across Bushveld and to ensure competitive market positions.
• Conduct relevant annual market surveys and reports on market trends.
• Perform clear remuneration and benefits benchmarks and report on both market and internal trends that will ensure fairness, market competitiveness and support the achievement of business objectives.
• Conduct ad-hoc remuneration and benefit benchmarking / surveys as may be required.
• Initiate and drive ad-hoc compensation and benefit projects and data audits to ensure compliance in all compensation, benefit and international assignee processes and procedures.
• Analyse remuneration structures to identify parity issues as well as areas for improvement and propose appropriate solutions.
• Perform internal parity analysis and propose remuneration packages for job offers, promotions and alignments when required.
• Establish clear remuneration and benefits rules, procedures, and guidelines for Bushveld to enable good governance and effective decision making.
• Add a compelling value proposition to all employees with regards to employee benefits plans, including Health Care, Retirement Plans and Occupational Risk cover.
• Manage and maintain inventory of Company owned risk benefit and retirement schemes, coordination of data for annual renewals, payment of premiums and cost reallocations.
• Analyse market data and make recommendations on salary scales, market positioning, pay structuring etc. to ensure internal parity, market competitiveness and to support the achievement of business objectives.
• Provide guidance to Line Managers and HR Business Partners on reward matters.
• Advise employees on the retirement plans queries and liaise with 3rd party on the medical aid plans.
• Coordinate and govern the process of job grading to ensure consistency.
• Comply with remuneration frameworks that effectively govern employee remuneration and benefit changes in accordance with legislation, the rules of the relevant Benefit Funds, Bushveld requirements, governing bodies such as SARS, FSB and any REMCO decisions.
• Responsible for data analysis and reporting on remuneration and rewards projects.

Desired Experience & Qualification

Package & Remuneration

Market Related

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