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- Tasks: Manage compensation frameworks and benefits for a leading financial services firm.
- Company: Join a prominent financial services organisation based in Manchester, known for its innovative approach.
- Benefits: Enjoy a competitive salary, hybrid work options, and performance bonuses.
- Why this job: Be a key player in shaping employee rewards across multiple countries while building valuable relationships.
- Qualifications: Strong knowledge of compensation frameworks and experience in managing compliance and reward cycles required.
- Other info: Opportunity to work with international teams and develop impactful HR metrics.
The predicted salary is between 60000 - 84000 £ per year.
Middlemore have been retained to appoint an experienced Senior Compensation and Benefits Consultant for a prominent Financial Services organisation, based in Manchester. The successful candidate will report into the Director of HR Operations and will be accountable for the technical and commercial delivery of company compensation and benefit frameworks ensuring compliance with regulatory, legal and company control framework. This role spans multiple geographies across the UK, France, Italy, Denmark, Netherlands, Germany, Luxembourg, and Belgium. As the subject matter expert in this field, you will be able to build engaging relationships with multiple stakeholders across the business.
Other responsibilities will include:
- Compensation: Collaborate with the U.S. Compensation team to apply the company’s job evaluation, salary survey and benchmarking methodology (currently Willis Towers Watson Global Grading System) ensuring real time ownership of data.
- Partner with SVP Human Resources, to develop annual salary ranges including configuring Workday salary grades. Proactively use internal and external data to identify market and economic trends that could impact talent attraction and retention, ensuring timely communication of findings.
- Manage and deliver the reward cycle effectively, collaborating with the US Compensation team, local HRBPs and business leaders, while educating them on Workday system usage and standard reporting as needed.
- Conduct appropriate governance and compliance checks across all compensation areas, ensuring adherence to in-country legislation and regulatory frameworks.
- Ensure data integrity for all compensation elements countable for data integrity of all elements of compensation, undertaking appropriate audits and resolving issues.
- Compliance with all regulatory, legal and company control frameworks and meet statutory reporting requirements ensuring real time data transparency.
- Work with Finance to ensure all financial reporting, accruals and spend are 100% accurate.
- Benefits: Effective oversight and administration of the current benefits schemes, ensuring compliance with all local regulatory, legal and company control frameworks.
- Project management of the annual renewal cycles of all benefit programmes and benefit self-selection.
- In partnership with the Director of HR Operations ensure the benefit offering remains market competitive and value for money.
- Collaborate with the Payroll Operations Lead to verify and transfer data accurately and support the resolution of benefit related payroll inquiries and discrepancies.
- Maintain accurate benefit records and documentation.
- MI, Metrics & Data: Lead on all HR metrics and data reporting.
- Develop and maintain dashboards that provide real-time visibility into critical business metrics.
- Identify areas of improvement in data collection, analysis, and reporting processes to enhance efficiency and accuracy.
- Work with the US HR analytics team to develop software tools and systems that support data collection, analysis, and reporting.
- Partner with key HR stakeholder to define and develop appropriate reports including but not limited to Board reported metrics, headcount, and people costs.
- Accountable for accuracy of data and reporting.
- Identify and mitigate risks associated with data management and reporting processes.
What experience will you need:
- Strong knowledge of compensation frameworks, salary surveys, and benchmarking methodologies, particularly in relation to global systems like the Willis Towers Watson Global Grading System (WTWGGF).
- Proven experience in managing the reward cycle and ensuring compliance with local and international compensation regulations.
- Experience in collective bargaining agreements. Must have some degree of European experience.
- Ideally will be a strong project manager.
If you are interested in learning more, then please share an updated cv to Charlie.garside@middlemore.co.uk or apply following the link.
Locations
Compensation Benefits Manager employer: Middlemore
Contact Detail:
Middlemore Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compensation Benefits Manager
✨Tip Number 1
Network with professionals in the compensation and benefits field, especially those who have experience with global frameworks like the Willis Towers Watson Global Grading System. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends.
✨Tip Number 2
Familiarise yourself with the specific regulatory and compliance requirements across the various countries mentioned in the job description. This knowledge will not only help you stand out but also demonstrate your commitment to understanding the complexities of the role.
✨Tip Number 3
Prepare to discuss your project management skills in detail, particularly how you've successfully managed reward cycles or similar projects in the past. Be ready to share specific examples that highlight your ability to collaborate with multiple stakeholders.
✨Tip Number 4
Showcase your analytical skills by being prepared to discuss how you've used data to drive decisions in previous roles. Highlight any experience you have with developing dashboards or reporting metrics that provide insights into compensation and benefits.
We think you need these skills to ace Compensation Benefits Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compensation frameworks and benefits management. Emphasise your familiarity with global systems like the Willis Towers Watson Global Grading System, as well as any project management skills.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the key responsibilities mentioned in the job description. Showcase your ability to build relationships with stakeholders and your experience in managing compliance with regulatory frameworks.
Highlight Relevant Experience: In your application, focus on your previous roles that involved managing reward cycles and compliance with compensation regulations. Provide specific examples of how you have successfully navigated these areas in past positions.
Showcase Data Management Skills: Since the role involves HR metrics and data reporting, include any experience you have with data analysis, reporting processes, and developing dashboards. Mention any tools or software you are proficient in that relate to data management.
How to prepare for a job interview at Middlemore
✨Know Your Compensation Frameworks
Make sure you have a solid understanding of various compensation frameworks, especially the Willis Towers Watson Global Grading System. Be prepared to discuss how you've applied these methodologies in your previous roles.
✨Demonstrate Stakeholder Engagement Skills
Since this role involves building relationships with multiple stakeholders, think of examples where you've successfully collaborated with different teams. Highlight your communication skills and how you’ve managed expectations.
✨Showcase Your Project Management Experience
As a Compensation Benefits Manager, project management is key. Prepare to discuss specific projects you've led, focusing on your approach to managing timelines, resources, and stakeholder involvement.
✨Prepare for Compliance Questions
Given the importance of compliance in this role, be ready to answer questions about your experience with regulatory frameworks and how you've ensured adherence in past positions. This will demonstrate your attention to detail and understanding of legal requirements.
