Reward Manager at Stanbic IBTC

To drive the development, implementation and administration of a reward strategy which supports the Stanbic IBTC business objectives and is aligned to the Standard Bank Group’s global and regional reward strategies.

Key Result Areas

• Develop and implement reward strategy to support the goals and objectives of Stanbic IBTC
• Align the reward strategy of Stanbic IBTC with the global reward strategy for the Standard Bank Group
• Oversee the effective management of the remuneration and reward process (salary increase, promotions, short term incentive schemes, long term incentive schemes) during the Annual Review.
• Communicate the Total Reward to the staff which includes LTI statements, EGS statements and compiling Bonus figures during the review period.
• Effective management of the group-wide job evaluation process.
• Preparation and collection of REMCO packs
• Provision of a total reward consulting to the business through effective internal and external stakeholder engagement
• Analyze qualitative and quantitative data required to inform a strategic reward plan to the country EXCO and REMCO.
• Keep abreast of the latest market conditions and trends in order to identify risks to the business.
• Investigate new remuneration and benefits structures and models and make improvement recommendations.
• Compile Remuneration and Benefits reports (monthly, quarterly and annual).
• Periodic assessment of the selected HMO’s delivery of medical benefits to employees.
• Implement and sustain non monetary recognition arrangements which will create and embed a culture of spontaneous recognition e.g. Long Service Awards.
• Implement and maintain a reward communication strategy that enhances transparency and keeps employees informed.
• Develop, maintain and implement a total reward offer for incoming hires.
• Align performance management to reward philosophy.