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- Tasks: Lead the design and implementation of competitive compensation and benefits packages.
- Company: Join a global company focused on employee satisfaction and retention.
- Benefits: Enjoy 25 days of leave, annual bonuses, private medical, and gym contributions.
- Why this job: Make a real impact on employee rewards while working in a supportive culture.
- Qualifications: Experience in international reward environments and HR practices is essential.
- Other info: This is a standalone office-based role in Weybridge.
The predicted salary is between 43200 - 72000 £ per year.
Compensation Benefits Manager
Location: Weybridge KT13 0TJ
We are looking for an experienced Compensation Benefits Manager 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 best place to work.
This is a standalone office based role in Weybridge.
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 to our company’s strategy and business goals across multiple territories.
- Develop relationships with external providers to maintain the on-line benefits system for company employees whilst at the same time migrating to a new platform.
- With the HR Director assist 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
- Undertaking 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.
- Leading 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.
- Dealing with queries from employees, clients, advisers, colleagues and product providers
- Processing of new joiners to pension schemes
- Updating the database and ensuring 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
- Excellent attention to detail
Package offered:
Here are just some of the things you can expect when working as part of our team here:
- Permanent position, office based in Weybridge.
- 25 days of annual leave (plus bank holidays)
- Annual Bonus
- Pension
- Private Medical
- Gym membership contribution
- A health cash plan
Compensation Benefits Manager employer: Prax
Contact Detail:
Prax 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. Attend industry conferences or local meetups to connect with others who may have insights into the role or even know about openings at StudySmarter.
✨Tip Number 2
Stay updated on the latest trends in compensation and benefits, especially regarding international practices. This knowledge will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 3
Familiarize yourself with our company culture and values. Understanding how we operate at StudySmarter will allow you to tailor your discussions and show how you can contribute to our goals.
✨Tip Number 4
Prepare to discuss specific examples from your past experience that showcase your ability to manage compensation and benefits effectively. Highlight any successful projects or initiatives you've led that align with the responsibilities of this role.
We think you need these skills to ace Compensation Benefits Manager
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Compensation Benefits Manager position. Understand the key responsibilities and requirements, and think about how your experience aligns with them.
Tailor Your CV: Customize your CV to highlight relevant experience in compensation and benefits management, particularly in an international context. Emphasize any experience you have with M&A and integrating new employees into benefits platforms.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for employee rewards and benefits. Mention specific examples of how you've successfully implemented compensation strategies in previous roles and how they align with the company's goals.
Highlight Analytical Skills: Since the role requires strong analytical skills, make sure to include examples of how you've used data analysis to inform compensation decisions or improve benefits offerings in your previous positions.
How to prepare for a job interview at Prax
✨Showcase Your Experience
Be prepared to discuss your previous experience in managing compensation and benefits, especially in an international context. Highlight specific projects where you successfully implemented reward programs or improved employee satisfaction.
✨Understand the Company’s Strategy
Research the company’s goals and values before the interview. Be ready to explain how your approach to compensation and benefits aligns with their business objectives and how you can contribute to their mission of being a great place to work.
✨Demonstrate Analytical Skills
Since the role requires strong analytical abilities, prepare to discuss how you've used data to inform compensation strategies. Bring examples of market analysis or salary benchmarking you've conducted in the past.
✨Prepare for Compliance Questions
Familiarize yourself with current labor laws and regulations in the UK and beyond. Be ready to discuss how you ensure compliance in compensation practices and any experience you have with Gender Pay Gap reporting.
