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- Tasks: Design and implement compensation programs while collaborating with HR and business leaders.
- Company: Join Capital One, a leading tech company transforming banking.
- Benefits: Competitive rewards, career progression, flexible working, and core benefits.
- Why this job: Make a real impact on employee experience and drive strategic compensation initiatives.
- Qualifications: Experience in compensation management and advanced analytical skills required.
- Other info: Diverse and inclusive workplace with excellent training and growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
Join to apply for the Compensation Manager role at Capital One
White Collar Factory (95009), United Kingdom, London
Overview
Compensation is an important component of our Total Rewards strategy. We are looking for a Manager, Compensation to join our International compensation team. This role designs, plans, and implements compensation programs, policies, and procedures in the UK. We operate in a business-casual, collaborative environment with an analytically rigorous, data-driven approach to compensation and a focus on improving the associate experience, including understanding of pay.
What you’ll do
- Partner with HR and senior business leaders to develop pay programs for the UK Business, ensuring alignment with the HR and business strategy for Capital One in the UK
- Deliver expert compensation consulting and develop proposals and presentations about compensation programs (including market data and appropriate pay levels/targets) to influence and educate senior decision-makers
- Serve as the primary compensation point of contact for mid-year and year-end compensation cycles for assigned client groups, ensuring smooth execution and compliance with internal and external controls
- Contribute to strategic compensation projects or processes across client groups
- Collaborate with recruiters to develop competitive offer packages for external hires
- Perform deep analysis on the effectiveness and competitiveness of existing compensation programs and model potential impacts of alternatives
- Conduct benchmarking and job evaluations using market data and internal evaluation; regularly analyze market position and recommend market adjustments
- Research and formulate recommendations on external/internal offers, job leveling, and internal equity using salary surveys and internal tools
- Draft plans and communications to provide associates, managers, and HR partners with timely, accurate information regarding compensation initiatives
- Be an influential HR leader who partners with HR analytics and benefits teams to build strategic initiatives beyond compensation
- Demonstrate understanding of UK labor and pay equity laws to audit, analyze, and develop internal compensation practices
- Provide compliance consultation to HR and business clients
What we’re looking for
- Compensation management experience, preferably within a regulated industry
- Experience building compensation models and conducting pay analysis
- Experience in a client consulting role
- Advanced Google Sheets / Excel skills (VBA, macros, array functions) and experience presenting data-based stories in PowerPoint/Google Slides
- Great attention to detail to understand analytics and how to present to senior leaders
- Ability to work cross-functionally with many stakeholders to drive compensation decisions
- Experience with Workday (desirable)
- Experience with benchmarking tools (BetterComp) or reporting tools (Tableau, Business Objects)
- Knowledge of HR and compensation, including local laws/regulations relating to compensation
Where and how you’ll work
This is a permanent position and can be based in our Nottingham or London office. We have a hybrid working model: you’ll be in the office 3 days a week (Tuesdays, Wednesdays, Thursdays) and can work from home on Monday and Friday. We’re open to flexible working arrangements.
What’s in it for you
- Competitive rewards and a role contributing to the roadmap of a transformation-focused organization
- Career progression and Capital One University training programmes
- Core benefits including pension, bonus, holiday entitlement, and private medical insurance, with flexible benefits such as season-ticket loans, cycle to work, and enhanced parental leave
- Open-plan offices and accessible facilities with amenities like gyms and on-site services
What You Should Know About How We Recruit
We are committed to diversity and inclusion and welcome candidates from all backgrounds. We partner with organizations such as Women in Finance and Race at Work Charters, Stonewall, and UpReach. Internal networks include REACH, OutFront, Mind Your Mind, Women in Tech, and EmpowHER.
Capital One is committed to diversity in the workplace. If you require a reasonable adjustment, please contact ukrecruitment@capitalone.com. For technical support or questions about recruitment, please email Careers@capitalone.com. Capital One does not endorse third-party services advertised on this site. UK positions are for Capital One Europe.
Who we are: Capital One is building a leading information-based technology company with a mission to help customers succeed by bringing ingenuity, simplicity, and humanity to banking. We value collaboration, openness, and respect, and we aim to change banking for good.
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Compensation Manager employer: Capital One
Contact Detail:
Capital One Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compensation Manager
✨Tip Number 1
Network like a pro! Reach out to current employees at Capital One on LinkedIn and ask about their experiences. A friendly chat can give you insider info and might even lead to a referral.
✨Tip Number 2
Prepare for the interview by researching compensation trends in the UK. Show us that you know your stuff by discussing how you would approach designing pay programs that align with Capital One's strategy.
✨Tip Number 3
Practice your presentation skills! You’ll need to present data-driven stories, so grab a friend and run through your ideas. Make sure you can clearly explain your analysis and recommendations.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the Capital One team.
We think you need these skills to ace Compensation Manager
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Compensation Manager role. Highlight your relevant experience in compensation management and how it aligns with Capital One's goals. We want to see how you can bring value to our team!
Showcase Your Analytical Skills: Since this role is all about data-driven decision-making, don’t forget to showcase your analytical skills. Include examples of how you've used data to influence compensation strategies or improve processes. We love a good story backed by numbers!
Be Clear and Concise: When writing your application, keep it clear and to the point. Use bullet points where possible to make it easy for us to read. We appreciate a well-structured application that gets straight to the heart of your qualifications.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and submit your details!
How to prepare for a job interview at Capital One
✨Know Your Numbers
As a Compensation Manager, you'll need to be comfortable with data. Brush up on your Google Sheets and Excel skills, especially with functions like VBA and macros. Be ready to discuss how you've used data to influence compensation decisions in the past.
✨Understand the Market
Familiarise yourself with current market trends and compensation benchmarks relevant to the UK. Research Capital One's competitors and be prepared to discuss how you would approach benchmarking and job evaluations using market data.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about how you would handle mid-year and year-end compensation cycles or how you'd develop competitive offer packages. Have specific examples ready to showcase your experience.
✨Showcase Your Collaboration Skills
This role requires working closely with HR and senior leaders. Be prepared to discuss how you've successfully collaborated with various stakeholders in the past. Highlight any experience you have in consulting roles and how you’ve influenced decision-making processes.
