At a Glance
- Tasks: Support and manage compensation and benefits programmes while ensuring compliance with UK legislation.
- Company: Join Saab UK, a leading defence and security company driving innovation.
- Benefits: Competitive salary, personal growth opportunities, and a collaborative work environment.
- Why this job: Make a real impact on employee wellbeing and organisational success in a dynamic setting.
- Qualifications: Experience in Compensation & Benefits and strong analytical skills required.
- Other info: Be part of a team that values curiosity and innovation.
The predicted salary is between 36000 - 60000 £ per year.
Saab UK is growing rapidly, with over 500 colleagues across eight sites. We bring together Swedish heritage and British expertise to drive innovation in areas such as software engineering, underwater robotics, radars, AI, and armed forces training. Joining Saab in the UK means contributing to the security and resilience of society while building a career with real scope for personal and professional growth.
Explore a wealth of possibilities. Take on challenges, create smart inventions, and grow beyond. This is a place for curious minds, brave pioneers, and everyone in between. Together, we achieve the extraordinary, each bringing our unique perspectives. Your part matters.
Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 26,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world.
The Compensation & Benefits Specialist is responsible for supporting the design, implementation, administration, and ongoing management of the organisation's compensation and benefits programmes in the UK. The role ensures reward practices are competitive, compliant with UK legislation, aligned with business objectives, and supports the successful delivery of key HR initiatives, including the payroll transformation project.
Key Responsibilities:- Compensation
- Support the development, implementation, and maintenance of salary structures, grading frameworks, and job evaluation processes.
- Conduct market benchmarking using salary surveys to ensure competitive and equitable pay practices.
- Provide analytical support for annual pay review, bonus, and incentive processes, including modelling and cost analysis.
- Partner with HR Business Partners and hiring managers to provide guidance on pay decisions, offers, promotions, and internal moves.
- Ensure pay practices comply with UK employment law and internal governance requirements.
- Benefits
- Manage the day-to-day administration of UK benefits programmes, which may include pensions, private medical insurance, life assurance, income protection, wellbeing benefits, and flexible benefits schemes.
- Act as the key point of contact for benefit providers and brokers, supporting renewals, negotiations, and service reviews.
- Support the implementation and ongoing administration of benefit policies, including discretionary benefits and allowances.
- Provide guidance to employees and managers on benefit offerings and eligibility.
- Payroll Transformation Support
- Support the payroll transformation project, working closely with Payroll, HR, Finance, and external vendors.
- Support data cleansing, parallel payroll runs, and user acceptance testing to ensure accurate reward and benefits outcomes.
- Assist in the development of payroll-related policies, processes, and documentation following system changes.
- Compliance and Governance
- Ensure all compensation and benefits practices are compliant with UK legislation, including HMRC requirements, auto-enrolment pension regulations, and employment law.
- Maintain accurate documentation, policies, and procedures related to reward programmes.
- Support internal and external audits relating to compensation and benefits.
- Data, Reporting and Analysis
- Maintain accurate reward data within HR and payroll systems.
- Produce regular and ad hoc reports on compensation and benefits metrics for HR leadership and senior stakeholders.
- Analyse trends and provide insights to support data-driven decision-making.
- Projects and Continuous Improvement
- Support reward-related projects, including system implementations, benefit redesigns, and policy changes.
- Identify opportunities to improve reward processes, employee experience, and operational efficiency.
- Stay up to date with UK reward trends, legislation, and best practice.
- Essential:
- Proven experience in a Compensation & Benefits, Reward, or HR role with a strong focus on UK reward practices.
- Good understanding of UK employment law, HMRC requirements, and pension auto-enrolment.
- Strong analytical and numerical skills with the ability to interpret and present data clearly.
- Experience working with HR systems and payroll data.
- High level of accuracy and attention to detail.
- Ability to manage multiple priorities and meet deadlines.
- Desirable:
- Experience supporting pay reviews, bonus schemes, or job evaluation processes.
- Experience working with benefits brokers and external providers.
- Knowledge of gender pay gap and equal pay reporting.
- Experience in a matrix or global organisation.
- CIPD qualification (Level 5 or above) or equivalent experience desirable.
- Degree in HR, Business, Finance, or a related field desirable.
- Professional and discreet, with the ability to handle sensitive and confidential information.
- Strong stakeholder management and communication skills.
- Collaborative, proactive, and solution-focused.
- Commercially aware with a continuous improvement mindset.
By submitting an application to Saab UK you consent to undertaking workforce screening activities that may include but are not limited to: Baseline Personnel Security checks, National Security Vetting, reference checks, verification of working rights and in all circumstances preferred candidates will be placed through a security interview.
Compensation & Benefits Specialist - Fareham in Lavant employer: Saab UK
Contact Detail:
Saab UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compensation & Benefits Specialist - Fareham in Lavant
✨Tip Number 1
Network like a pro! Reach out to current employees at Saab or in the compensation and benefits field. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by researching Saab's values and recent projects. Show us that you're not just another candidate; demonstrate how your skills align with their mission of security and innovation.
✨Tip Number 3
Practice common interview questions related to compensation and benefits. We want to see how you handle real-world scenarios, so think about examples from your past experience that showcase your analytical skills and attention to detail.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can keep you fresh in their minds and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit!
We think you need these skills to ace Compensation & Benefits Specialist - Fareham in Lavant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Compensation & Benefits Specialist role. Highlight your relevant experience and skills that align with the job description. We want to see how you can contribute to our mission!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Remember, we love curious minds and brave pioneers!
Showcase Your Analytical Skills: Since this role involves a lot of data analysis, make sure to highlight any experience you have with analytical tasks. We’re looking for someone who can interpret and present data clearly, so don’t hold back!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team at Saab UK!
How to prepare for a job interview at Saab UK
✨Know Your Stuff
Make sure you brush up on UK compensation and benefits practices. Understand the key responsibilities of the role, especially around salary structures and market benchmarking. Being able to discuss these topics confidently will show that you're serious about the position.
✨Show Your Analytical Skills
Prepare to demonstrate your analytical abilities during the interview. Bring examples of how you've used data to support pay reviews or benefit programmes in the past. This will help you stand out as someone who can provide valuable insights and support data-driven decision-making.
✨Be Ready for Compliance Questions
Since compliance is a big part of the role, be prepared to answer questions about UK employment law and HMRC requirements. Familiarise yourself with recent changes in legislation and think about how they might impact compensation and benefits practices.
✨Ask Insightful Questions
At the end of the interview, don’t shy away from asking questions. Inquire about the company's approach to continuous improvement in their reward processes or how they stay updated with industry trends. This shows your genuine interest in the role and the company.