Performance & Reward Specialist

Posted 7 Days Ago
Be an Early Applicant
Newcastle, New South Wales
Mid level
Insurance • Financial Services
The Role
As a Performance & Reward Specialist, you will develop and implement performance and reward frameworks, conduct job evaluations and salary benchmarking, and support cyclical reward programs. The role also involves advising business leaders on reward policies and maintaining job architecture.
Summary Generated by Built In

Let’s talk about who we are

The nib Group has a mission and vision of people enjoying better health. Through our success, we aspire to more prosperous and sustainable communities, not only the creation of enterprise value. nib is a trusted health partner, helping members and travellers make more informed healthcare decisions, transact with healthcare systems and generally live healthier lives.

We're looking for people who share this passion and want to be a part of a team that has the appetite and ambition to be extraordinary. Extraordinary comes in different perspectives and experiences. We're committed to an environment where everyone has the autonomy and freedom to be their authentic selves, every day.

Let’s talk about diversity, equity and inclusion

We embrace a flexible working environment and welcome candidates that reflect the diversity of the communities in which we operate. We actively encourage Aboriginal and Torres Strait Islander peoples, people living with disability, LGBTQIA+ as well as culturally diverse community members to apply for open roles. 

nib Group is committed to creating an accessible recruitment process and employment experience. If you identify as a person living with disability and require adjustments to our online application, recruitment, selection and/or assessment process, or would like this advertisement in an alternative format, please contact us at nibemployment @nib.com.au.

Let’s talk about this role

As the Performance & Reward Specialist, you will be responsible for contributing to the development and implementation of performance and reward frameworks and delivery of operational services and cyclical reward programs across the Group.

The role will also provide support with project activities relating to regulatory compliance, as well as people data reporting and analytics.

More specifically, you will: 

  • Provide specialist advice and support to People & Culture Business Partners and Leaders on performance and reward policies, programs and practices

  • Conduct job evaluations / salary benchmarking

  • Maintain the master database of approved jobs and associated job architecture (i.e. award classifications, applicable STI plans, statutory reporting categories etc.)

  • Support the delivery of cyclical reward programs and initiatives in line with the annual performance and reward calendar, including:

    • Annual remuneration review process, including salary reviews, bonus calculations and all associated modelling / analysis

    • Quarterly sales and frontline STI calculations

    • Preparation and validation of market data submissions / salary surveys

    • Coordination of employee share plan offer and communications (in conjunction with Investor Relations)

    • Remuneration analysis and reporting

Base yourself from either our Newcastle or Sydney hub and embrace nib’s hybrid work approach, working 80% of your time from home and 20% in the office (or more if you’d prefer!). 

Let’s talk about you

With demonstrated experience in a Reward Analyst or Specialist role (or similar), you will have experience in partnering with business leaders on reward matters and you are comfortable in all aspects of Performance & Reward operations, including job evaluation, remuneration benchmarking and salary/bonus reviews.  

Additionally, you will have:  

  • Knowledge of employment frameworks and regulatory frameworks impacting on reward and pay structures 

  • Experience in writing and developing business documents and policies 

  • Knowledge of relevant legislation, Enterprise Agreements, NES & Modern Awards 

  • Sound planning and time management skills to enable competing priorities to be completed simultaneously 

  • A continuous improvement mindset and the ability to adapt to change in a fast-paced environment 

At nib, we recognise that some people may only apply when their education, skills and/or experiences are identical to what an employer is looking for in a candidate. We’re always on the lookout for curious individuals who will add to the culture at nib Group – so if this role resonates with you, please apply!

Let’s talk about working at nib

Our hybrid working model provides our employees with the flexibility to work from one of our office Hubs and from home based on what works best for them and their team. We make a commitment to come together with purpose and are excited to share moments that matter with one another. Our Hubs are purpose built to support focused work, connection, and collaboration with peers. We provide a new starter benefit as well as ongoing financial support to set up and maintain a functioning home workspace. At nib, we’re committed to creating a flexible working environment where you’re free to be you.

Other benefits to support you at work (and play) include:

  • Generous discounts on nib health and travel insurance products including 50% discount on employee health insurance

  • The opportunity to give back to the community through paid leave for volunteering through nib Foundation

  • Support your better health – whatever that looks for you - through our nib Well Program and corporate fitness discounts

  • Access to our employee share plans, short-term incentive program and life and salary continuance insurance benefits

  • Benefits to support our diverse workforce with 18 weeks paid parental leave for all new parents regardless of carer status, 5 days paid cultural leave for First Nations peoples and 4 weeks paid gender affirmation leave for trans, gender diverse and intersex employees

The fine print

All your information will be kept confidential according to EEO guidelines. Successful applicants will be required to complete a background check (including criminal history and bankruptcy check) prior to commencement of employment. 

We acknowledge Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the lands where we live, learn and work.

The Company
Melbourne, Victoria
1,254 Employees
On-site Workplace

What We Do

As a trusted health partner, we support the health needs of around 1.6 million Australians, New Zealanders and international students and workers, while also providing travel insurance for travellers around the globe.

We believe that by giving our members access to better health information, tools and services, they’ll feel confident in choosing the right path to take control of their health.

Our team of over 1,200 employees throughout Australia, New Zealand, Ireland and the United States all share in our purpose of your better health.

nib operates and supports employees and members from all corners of the world. Our organisation acknowledges and respects the custodianship that Indigenous peoples have on their lands and waterways

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