Head, Group Benefits Design
Stanbic IBTC Bank
Johannesburg
5d ago

Job Details

Human Capital : attracting and retaining key talent, providing learning and development initiatives, governance of performance management and reward schemes, centres of excellence to drive and embed Standard Bank values and culture.

Job Purpose

To drive the development of innovative, effective and economically feasible Employee Benefits programs for the Standard Bank Group through the use of internal employee data, global best practice and macro and micro economic trends to contribute to the provision of a compelling Employee Value Proposition, to drive employee engagement, business growth and to position Standard Bank as an employer of choice.

Key Responsibilities / Accountabilities

Data

Analyse vast data sources using various statistical analysis tools relating to the behavior and profiles of Standard Bank employees and use these insight to inform the Benefits program for the organisation.

Financial Management

Determine the short and long term financial implications,of benefits decisions for both the organisation and the employees, with the support of actuarial and other specialists to ensure that all parties get the best value for any investments made.

People

  • Design innovative, data backed Employee Benefit programs and initiatives which are aligned to the Group Benefits Strategy and that will meet the needs of employees to drive the engagement and motivation of employees.
  • Conduct in in depth research studies into the motives of employees and use the insights gained to inform benefits programs that will drive the behaviors necessary for the success of the organisation.
  • Research global trends in employee engagement and benefit programs, benchmark
  • Standard Bank's programs and where appropriate, introduce global best practice to position Standard Bank as an employer of choice
  • Conduct research on the global and local economic climates and articulate the impact thereof on the Employee Benefits programs in order to drive the development of resilient plans that will continuously benefit the employees.
  • Build the frameworks and toolkits that Human Capital teams can localize to adapt benefits programs and initiatives to their individual functional or geographical areas to ensure that nuances are considered and that the most appropriate programs are implemented
  • Drive the socialization of the new and innovative benefits and initiatives both internally and externally to further promote Standard Bank as an employer of choice to attract and retain top talent.
  • Risk, Regulatory, Prudential & Compliance

  • Review the regulatory frameworks within the jurisdictions that Standard Bank operates and identify the similarities and differences in legislation to ensure that Benefits policies and practices are compliant across all jurisdictions.
  • Participate in external governing bodies, giving expert input and commentary to influence future regulatory changes
  • Preferred Qualification and Experience

    Qualifications

    Post Graduate Degree in Social Sciences

    Other Minimum Qualifications, certifications or professional memberships

    A post graduate degree in Behavioural science is required for this role

    Experience

    Morethan 10 years extensive experience in developing benefits and rewards programs with a particular focus on behavioural science in the workplace.

    Total number of years’ experience : 12 years

    Knowledge / Technical Skills / Expertise

    International Remuneration

    Knowledge of international remuneration and benefits strategies, trends, policies, methodologies and procedures. Able to understand international remuneration issues as they may be touch points in terms of cross-geography recruitment and in terms of local foreign hire arrangements.C

    Compensation & Benefits

    The theoretical knowledge and application of compensation concepts, principles and practices including pay, leave, retirement benefits, medical cover and supplementary employee benefits.

    Business Acumen (HR)

    The ability to analyse business financial performance as well as competitor and external factors as it would apply to the people practices in the organisation.

    The ability to analyse business specific language as well as business processes in order to support them effectively.

    Conducting Research

    The ability to define what is needed from research, manage the project to optimize the effectiveness of the research, analyse the results and use the findings to better inform decisions and actions.

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