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- Tasks: Enhance employee rewards and wellbeing through innovative strategies and collaboration.
- Company: Join a dynamic FMCG Manufacturing business in West London.
- Benefits: Enjoy competitive salary, remote work options, and a supportive team culture.
- Why this job: Make a meaningful impact on employee experience while developing your analytical skills.
- Qualifications: Two years' experience in compensation roles and proficiency in HR systems required.
- Other info: Salary up to £60k; contact Alice Redmond for more details.
The predicted salary is between 42000 - 84000 £ per year.
Are you ready to make a meaningful impact by enhancing the rewards and wellbeing experience for employees across a dynamic organisation? Do you have the analytical mindset and organisational skills needed to drive excellence in compensation, benefits, and wellbeing initiatives? Can you bring fresh ideas and innovative approaches to support a forward-thinking rewards strategy while collaborating with diverse teams and stakeholders?
Macgregor Black is partnering with a FMCG Manufacturing business. This is a perm role based in West London. The Compensation & Rewards Specialist will support the effective delivery of compensation, benefits, and wellbeing programs across the organisation. Reporting to the Head of Total Rewards and collaborating with the HR team, this role will focus on implementing strategies to enhance employee experience and ensure compliance with key processes.
Key Responsibilities:- Assist in implementing and maintaining reward practices, processes, and procedures, including supporting the annual salary and bonus review cycle.
- Collaborate with internal teams and external vendors to drive compliance, promote education, and share best practices.
- Contribute to annual benchmarking exercises, using tools such as Korn Ferry and Mercer.
- Oversee monthly benefit administration and produce accurate reporting.
- Partner with key stakeholders and vendors to enhance the overall rewards strategy and identify opportunities for improvement.
- Provide support for the annual benefits renewal process, including evaluating new benefit proposals, integrating updates, and ensuring internal systems and communications are kept current.
- Develop and implement wellbeing initiatives in collaboration with the Wellbeing Coordinator, creating plans and content for a comprehensive wellbeing roadmap.
- Analyse compensation data to support business needs, including pay range evaluations and reporting on metrics such as gender and pay equity.
- Act as a key point of contact for rewards-related queries across HR, payroll, and the wider business.
- Practical experience with HR systems such as Workday and benefits management platforms.
- Strong analytical skills with knowledge of reward analytics and data interpretation.
- At least two years’ experience in a compensation or total rewards role.
- Ability to manage priorities and meet deadlines effectively.
- Exceptional organizational skills and attention to detail.
- Proficiency in Microsoft Excel.
- Experience using Power BI for data visualization.
- Knowledge of gender pay and equity reporting practices.
- Exposure to working within unionized environments or supporting union negotiations.
Salary up to £60k. Please contact Alice Redmond for further information.
Contact Detail:
MacGregor Black Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compensation & Rewards Specialist
✨Tip Number 1
Familiarise yourself with the latest trends in compensation and rewards. Understanding current market practices will not only help you during interviews but also demonstrate your commitment to staying updated in this dynamic field.
✨Tip Number 2
Network with professionals in the HR and compensation sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities within their organisations.
✨Tip Number 3
Prepare to discuss specific examples of how you've used data analytics in previous roles. Being able to articulate your experience with tools like Power BI and Excel will set you apart from other candidates.
✨Tip Number 4
Research the company’s current compensation and benefits offerings. Having a solid understanding of their existing strategies will allow you to suggest tailored improvements during your interview, showcasing your proactive approach.
We think you need these skills to ace Compensation & Rewards Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compensation and rewards. Emphasise your analytical skills, familiarity with HR systems like Workday, and any specific achievements in previous roles that align with the job description.
Craft a Compelling Cover Letter: In your cover letter, express your passion for enhancing employee wellbeing and rewards. Mention specific strategies or initiatives you have implemented in the past and how they contributed to organisational success.
Showcase Analytical Skills: Since the role requires strong analytical skills, include examples of how you've used data to drive decisions in compensation or benefits. Highlight your proficiency in tools like Microsoft Excel and Power BI.
Prepare for Potential Questions: Think about how you would respond to questions regarding compliance, benchmarking, and wellbeing initiatives. Be ready to discuss your approach to collaborating with diverse teams and stakeholders.
How to prepare for a job interview at MacGregor Black
✨Showcase Your Analytical Skills
As a Compensation & Rewards Specialist, analytical skills are crucial. Be prepared to discuss specific examples of how you've used data to drive decisions in previous roles. Highlight your experience with tools like Excel and Power BI to demonstrate your capability.
✨Understand the Company’s Reward Strategy
Research the FMCG sector and the specific company’s approach to compensation and benefits. Familiarise yourself with their current initiatives and be ready to suggest innovative ideas that align with their goals during the interview.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world situations. Think about past experiences where you had to manage competing priorities or resolve conflicts related to compensation and benefits, and be ready to share those stories.
✨Demonstrate Collaboration Skills
This role requires working with various teams and stakeholders. Prepare to discuss how you've successfully collaborated in the past, particularly in cross-functional settings. Emphasise your communication skills and ability to build relationships.
