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- Tasks: Oversee and administer employee rewards, ensuring competitive compensation and benefits across global companies.
- Company: Join a leading organization focused on creating a smart benefits landscape for its employees.
- Benefits: Enjoy a competitive salary, remote work options, and opportunities for professional growth.
- Why this job: Be part of a dynamic HR team that values performance, trust, and employee satisfaction.
- Qualifications: Experience in international Reward and Benefits, HRIS, and project management is essential.
- Other info: Act as a subject matter expert while staying updated on industry trends.
The predicted salary is between 36000 - 60000 £ per year.
Compensation Benefits Specialist
Location Weybridge
We are looking for an experienced Compensation Benefits Specialist 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 great opportunity for an HR Professional who is specialised within compensation & benefits who has experience within a global HR function with exposure up and down the energy value chain.
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
Compensation Benefits Specialist employer: Prax
Contact Detail:
Prax Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compensation Benefits Specialist
✨Tip Number 1
Make sure to familiarize yourself with the latest trends in compensation and benefits, especially within the energy sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the HR and compensation benefits space. Attend industry events or webinars where you can connect with others who might provide insights or even referrals for opportunities at StudySmarter.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully implemented compensation strategies in previous roles. Highlight your experience with M&A and how you've integrated new employees into benefits platforms, as this is crucial for the role.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you've used data to drive decisions in compensation and benefits. Being able to present your findings and recommendations clearly will set you apart from other candidates.
We think you need these skills to ace Compensation Benefits Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in compensation and benefits, especially within a global HR function. Use specific examples that demonstrate your ability to develop competitive reward packages and your familiarity with HRIS and benefits administration platforms.
Craft a Compelling Cover Letter: In your cover letter, express your passion for employee rewards and how you can contribute to the company's goals. Mention your experience with M&A and integrating new employees into benefits platforms, as well as your analytical skills that align with the role's responsibilities.
Showcase Relevant Experience: When detailing your work history, focus on roles where you managed compensation practices or worked with senior stakeholders. Highlight any projects where you led financial analysis related to total compensation or conducted market analysis for competitive positioning.
Demonstrate Industry Knowledge: Include insights about current trends in compensation and benefits in your application. Show that you are up-to-date with industry best practices and legislation, which will position you as a knowledgeable candidate who can act as a subject matter expert.
How to prepare for a job interview at Prax
✨Showcase Your Experience
Be prepared to discuss your previous experience in compensation and benefits, especially in an international context. Highlight specific projects where you successfully implemented reward programs or improved existing ones.
✨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 strategy and can help attract and retain top talent.
✨Demonstrate Analytical Skills
Since the role requires strong analytical abilities, prepare examples of how you've used data to inform compensation decisions or market analysis. Discuss any tools or methodologies you are familiar with that can enhance decision-making.
✨Prepare for Compliance Questions
Familiarize yourself with current labor laws and regulations in the UK and globally. Be ready to discuss how you ensure compliance in compensation practices and how you handle reporting requirements like Gender Pay Gap reporting.
