Senior Manager, Compensation Programs
Senior Manager, Compensation Programs

Senior Manager, Compensation Programs

Street Full-Time 43200 - 72000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead the design and management of compensation programs to align with business goals.
  • Company: Join a forward-thinking company focused on equitable and competitive compensation practices.
  • Benefits: Enjoy flexible work options, professional development opportunities, and a supportive team culture.
  • Why this job: Make a real impact on employee satisfaction and organisational success through innovative compensation strategies.
  • Qualifications: Bachelor's degree required; 8 years of relevant experience preferred, with strong analytical skills.
  • Other info: Mentorship opportunities available for junior team members.

The predicted salary is between 43200 - 72000 £ per year.

The Senior Manager, Compensation Programs leads the strategic design, implementation, and administration of compensation programs across the organization. This role develops a global job architecture framework, career progression models, and market-aligned pay structures that support business objectives and talent strategies. The role collaborates cross-functionally with HR, Finance, and executive leadership to ensure compensation practices are competitive, equitable, and legally compliant.

ESSENTIAL DUTIES & RESPONSIBILITIES:

  • Lead the development and implementation of a comprehensive job architecture and career framework, including job families, leveling, and career pathing.
  • Manage and evolve the company's base and incentive pay programs, ensuring alignment with market trends and business priorities.
  • Conduct market analysis using industry surveys and benchmarking data to establish and maintain competitive pay ranges.
  • Oversee job evaluation processes to ensure internal equity and alignment to the career framework.
  • Serve as a compensation subject matter expert, advising on policy development and job structuring across diverse business units.
  • Collaborate with HR, Finance, and other stakeholders to support compensation planning, budget alignment, and organizational design.
  • Ensure compliance with compensation-related laws and regulations in all relevant jurisdictions.
  • Drive cross-functional initiatives to improve compensation practices and tools, leveraging systems such as Workday and Payfactors.
  • Manage compensation-related projects, including global leveling implementations and change management initiatives.
  • Mentor junior team members and influence stakeholders at all levels.

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE:

  • Bachelor's degree in Human Resources, Business Administration, Finance, or related field. Master's degree preferred.
  • CCP (Certified Compensation Professional) preferred.
  • 8 years of compensation experience with a strong focus on job architecture and compensation design management, along with experience in a corporate compensation function, preferably in a regulated or complex environment.
  • Demonstrated success leading enterprise-wide leveling or job architecture initiatives.
  • Proficiency in HRIS systems (e.g., Workday) and compensation platforms (e.g., Payfactors).
  • Strong Excel and data analysis skills.
  • Excellent communication and presentation abilities.
  • Ability to influence and collaborate across business functions and leadership levels.
  • Strong project management capabilities and organizational skills.

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS:

  • Ability to work under stress and meet deadlines.
  • Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions.

Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.

Senior Manager, Compensation Programs employer: Hancock Whitney

Join our dynamic team as a Senior Manager, Compensation Programs, where you will play a pivotal role in shaping our compensation strategies within a collaborative and inclusive work environment. We pride ourselves on offering competitive salaries, comprehensive benefits, and ample opportunities for professional growth, all while fostering a culture that values innovation and teamwork. Located in a vibrant area, our company not only supports your career ambitions but also encourages a healthy work-life balance, making it an exceptional place to advance your career.
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Contact Detail:

Hancock Whitney Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Manager, Compensation Programs

✨Tip Number 1

Familiarise yourself with the latest trends in compensation management. Understanding current market practices and emerging trends will help you speak confidently about how you can contribute to our compensation programs.

✨Tip Number 2

Network with professionals in the compensation field. Engaging with others who have experience in job architecture and compensation design can provide valuable insights and may even lead to referrals.

✨Tip Number 3

Prepare to discuss your experience with HRIS systems like Workday and compensation platforms such as Payfactors. Being able to demonstrate your proficiency in these tools will set you apart from other candidates.

✨Tip Number 4

Showcase your project management skills by preparing examples of past projects where you led initiatives related to compensation or job architecture. This will highlight your ability to manage complex tasks effectively.

We think you need these skills to ace Senior Manager, Compensation Programs

Compensation Strategy Development
Job Architecture Design
Market Analysis and Benchmarking
HRIS Proficiency (e.g., Workday)
Compensation Platforms Knowledge (e.g., Payfactors)
Data Analysis and Excel Skills
Project Management
Cross-Functional Collaboration
Policy Development
Communication and Presentation Skills
Stakeholder Influence
Organisational Design
Compliance with Compensation Laws
Mentoring and Team Leadership

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Manager, Compensation Programs position. Tailor your application to highlight relevant experience in job architecture and compensation design.

Craft a Compelling CV: Your CV should clearly outline your 8 years of compensation experience, focusing on your achievements in job architecture and compensation management. Use quantifiable results where possible to demonstrate your impact.

Write a Strong Cover Letter: In your cover letter, express your passion for compensation programs and how your background aligns with the company's objectives. Mention specific projects or initiatives you've led that relate to the role.

Review and Edit: Before submitting your application, review all documents for clarity and professionalism. Check for any spelling or grammatical errors, and ensure that your information is accurate and up-to-date.

How to prepare for a job interview at Hancock Whitney

✨Understand the Role Thoroughly

Before the interview, make sure you have a deep understanding of the Senior Manager, Compensation Programs role. Familiarise yourself with job architecture, compensation design, and the specific responsibilities outlined in the job description. This will help you articulate how your experience aligns with their needs.

✨Prepare for Technical Questions

Expect to be asked about your experience with HRIS systems like Workday and compensation platforms such as Payfactors. Brush up on your technical knowledge and be ready to discuss how you've used these tools in previous roles to drive compensation strategies.

✨Showcase Your Leadership Skills

As this role involves mentoring junior team members and influencing stakeholders, prepare examples that demonstrate your leadership capabilities. Think of situations where you've successfully led projects or initiatives, particularly those related to compensation or job architecture.

✨Demonstrate Analytical Skills

Given the emphasis on market analysis and data-driven decision-making, be prepared to discuss your analytical skills. Share specific examples of how you've conducted market analysis or used data to inform compensation practices, ensuring you highlight your proficiency in Excel and data analysis.

Senior Manager, Compensation Programs
Hancock Whitney
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