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For Companies At a Glance
- Tasks: Oversee employee rewards and benefits, ensuring competitive packages across global companies.
- Company: Join Prax, a leading British multinational in the energy sector, known for innovation and integrity.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and competitive compensation.
- Why this job: Make a real impact on employee satisfaction and company culture while working with global teams.
- Qualifications: 4+ years in HR with a focus on compensation and benefits, plus strong analytical skills.
- Other info: Be part of a mission-driven company that values excellence and philanthropy.
The predicted salary is between 43200 - 72000 £ per year.
We are looking for an experienced HR Professional in Compensation and Benefits to help oversee and administer employee rewards and our move towards a smart benefits landscape. You will help assess reward & benefits across several Group companies globally and draft targeted programs that will increase performance, organisational trust, and satisfaction. The goal is to attract, retain, and motivate high-quality employees while reducing turnover and enhancing our company's profile as the best place to work.
This is a great opportunity for an HR Professional who specializes in compensation & benefits and has over 4 years of experience within a global HR function with exposure up and down the energy value chain.
Role Responsibilities
- Work with senior stakeholders and third-party providers to define and implement a fair, equitable, and competitive total compensation and benefits package that fits and is aligned with our company's strategy and business goals across multiple territories.
- Develop relationships with external providers to maintain the online benefits system for company employees while migrating to a new platform.
- Assist the HR Director in developing a consistent compensation philosophy in line with work culture and organisational objectives.
- Collaborate with the M&A team to design fit-for-purpose reward packages for acquired employees in the UK and overseas.
- Ensure that compensation practices are compliant with current legislation.
- Undertake Gender Pay Gap reporting, providing data and insights.
- Evaluate salary and labour market surveys to determine prevailing pay rates and benefits.
- Deploy effective communication strategies linked to changes, developments, and improvements across the benefits landscape.
- Lead financial analysis and modelling related to total compensation, including salaries, bonuses, and equity.
- Conduct market analysis and benchmarking to ensure competitive positioning of our rewards offerings.
- Deal with queries from employees, clients, advisers, colleagues, and product providers.
- Process new joiners to pension schemes.
- Update the database and ensure that client files are maintained.
- Act as a subject matter expert on all aspects of rewards, staying up-to-date with industry trends and best practices.
Requirements
- Demonstrable working experience in an international Reward and Benefits environment.
- Experience of M&A and integrating new employees into a benefits-rich platform.
- Extensive knowledge of HRIS and benefits administration platforms.
- HR-related project management experience.
- Prior experience in HR practices and the administration and management of employee benefits and claims.
- Able to work with multiple and third parties to build competitive reward offerings.
- Knowledge of current labour rules and regulations in the UK and beyond.
- Familiarity with various types of incentives and benefits including pensions.
- Excellent analytical and problem-solving skills.
- Strong quantitative and analytical skills.
Contact Detail:
Prax Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compensation Benefits Manager
✨Tip Number 1
Network with professionals in the HR and compensation benefits field. Attend industry events or webinars to connect with others who may have insights into the role and can provide valuable referrals.
✨Tip Number 2
Research the latest trends in compensation and benefits, especially within the energy sector. Being knowledgeable about current practices will help you stand out during discussions with our hiring team.
✨Tip Number 3
Prepare to discuss your experience with M&A and how you've successfully integrated new employees into benefits platforms. This is a key aspect of the role, and showcasing your expertise will be crucial.
✨Tip Number 4
Familiarise yourself with UK labour laws and regulations related to compensation and benefits. Demonstrating your understanding of compliance will show that you're well-prepared for the responsibilities of the position.
We think you need these skills to ace Compensation Benefits Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in compensation and benefits, especially within a global HR function. Use specific examples that demonstrate your ability to develop competitive reward packages and your knowledge of HRIS.
Craft a Compelling Cover Letter: In your cover letter, express your passion for HR and how your background aligns with the role's responsibilities. Mention your experience with M&A and integrating new employees into benefits platforms, as this is crucial for the position.
Highlight Relevant Skills: Emphasise your analytical and problem-solving skills, as well as your familiarity with current labour rules and regulations. These are key attributes that the company is looking for in a Compensation Benefits Manager.
Showcase Industry Knowledge: Demonstrate your understanding of industry trends and best practices in compensation and benefits. This could include mentioning any relevant certifications or training you've completed that relate to the role.
How to prepare for a job interview at Prax Group
✨Research the Company and Industry
Before your interview, make sure to thoroughly research Prax and its position in the energy market. Understand their values, mission, and recent developments in compensation and benefits trends within the industry. This knowledge will help you tailor your responses and demonstrate your genuine interest in the role.
✨Prepare for Technical Questions
Given the technical nature of the Compensation Benefits Manager role, be ready to discuss specific methodologies and tools you’ve used in previous positions. Prepare examples of how you've implemented compensation strategies or managed benefits administration, as well as your experience with HRIS systems.
✨Showcase Your Analytical Skills
Highlight your analytical abilities by discussing past experiences where you evaluated salary surveys or conducted market analysis. Be prepared to explain how you used data to inform decision-making and improve compensation packages, as this is crucial for the role.
✨Demonstrate Stakeholder Management Experience
Since the role involves working with senior stakeholders and third-party providers, share examples of how you've successfully built relationships and collaborated with various teams. Emphasise your communication skills and ability to align compensation strategies with business goals.
