Role: Practice Lead - Compensation and Benefits
Location: London, United Kingdom
Duration - Permanent
Role responsibilities:
- Design compensation structures/models, allowances, salary ranges, long & short term incentive programs, policy formulation across multiple European countries for employees hired locally and expats deputed/seconded to these countries.
- Budgeting, financial impact analysis and scenario planning to evaluate optimal solutions and implementation plans; focus on digitization for improved program implementation
- Provide C&B support for any union/CBA/Worker Council negotiations in the region
- Refine market intelligence data to periodically benchmark compensation programs/processes in scope and recommend enhancements to improve their competitiveness.
- Ensure that compensation practices are in compliance with current legislation
- Design and deployment of various compensation programs to drive organizational performance through world-class practices of governance and employee experience
- Large change/program management including those that affect the larger organization and drive business value
- Lead key/strategic initiatives within the Practice
- Drive the C&B agenda for any mergers and acquisitions or other transition deals in the region
- Independently resolve escalated compensation issues and recommend optimal solutions for issues with high complexity.
- Develop and report metrics related to effectiveness of managed compensation programs / processes.
- Engage with internal stakeholders and user groups to solicit actionable feedback on programs and recommend design improvements.
- Develop targeted education programs and communication material on compensation offerings.
- Benefits management for the region including benefits benchmarking, benefit implementation and execution, benefits administration management, vendor management and compliance adherence.
- The role will also include managing a team of junior resources supporting the Europe region.
Qualifications:
- 9-12 years’ experience in core compensation and benefit areas of organization(s) with multi-country operations and/or consulting experience in total rewards.
- Strong analytical and quantitative skills to work with complex data with an emphasis on accuracy. High proficiency in operating with spreadsheets and databases.
- Have an eye for detail yet understand the larger context to recommend solutions factoring multiple variables.
- Ability to engage with multiple internal and external stakeholders to realize shared objectives.
- Can take responsibility and operate independently in a fast-paced environment.
Skills:
- Compensation structure, design and modelling
- Executive remuneration
- Bonus and Incentive plans
- Allowances design
- Structuring hiring and expat grids
- Compensation budgeting
- HR due diligence
- Mergers and acquisitions
- Compensation and benefits harmonization
- Vendor and stakeholder management
Practice Lead in Maidstone employer: Avance Consulting
Avance Consulting is an exceptional employer that fosters a dynamic work culture in the heart of Edinburgh, offering employees the chance to lead innovative technological changes in customer communications. With a strong emphasis on professional development and cross-functional collaboration, team members are encouraged to grow their skills while working with cutting-edge tools in a supportive environment. The company values diversity and inclusion, making it a rewarding place for those looking to make a meaningful impact in sectors like Banking and Insurance.
