Compensation Manager

Compensation Manager

City of London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead compensation strategy and operations for the UK and Ireland, ensuring competitive and equitable pay.
  • Company: Wayfair, a leading online destination for home goods, fostering innovation and diversity.
  • Benefits: Dynamic work environment with opportunities for rapid growth and continuous learning.
  • Why this job: Shape compensation programs that attract top talent and make a real impact on employee satisfaction.
  • Qualifications: 6+ years in compensation, strong analytical skills, and knowledge of UK and Ireland laws.
  • Other info: Join a community that values diverse perspectives and promotes equal opportunity.

The predicted salary is between 36000 - 60000 £ per year.

About the Team: The Total Rewards team at Wayfair comprises Compensation and Benefits. Our plans are designed to help Wayfair attract and retain the talent our business verticals need to execute their objectives and contribute to our enterprise employee value proposition where our culture of empowerment and opportunity are front and center. We accomplish this by focusing on qualitative and quantitative data to deliver differentiated, cost effective strategies, and equitable access, process, and outcomes for as many as possible. This role sits within the Corporate Compensation and Equity team, which is responsible for setting the global compensation strategy and managing equity and executive compensation strategy and administration. You will report directly to the Global Head of Corporate Compensation and Equity and play a key role in shaping the compensation landscape for our employees worldwide.

About the Role: We're seeking a highly motivated and experienced compensation professional to lead our compensation strategy and operations for the UK and Ireland and support our global compensation strategy. As the Manager of UK and Ireland Compensation, you'll be the go-to expert for all things compensation in the region, playing a critical role in ensuring that our compensation programs are competitive, equitable, and aligned with our business objectives across corporate and frontline roles.

What You'll Do:

  • Market Benchmarking and Analysis: Conduct comprehensive market research and analysis to ensure that our compensation programs are competitive and aligned with industry best practices. Analyze market data, evaluate compensation trends, and develop recommendations for salary structures and incentive plans.
  • Compensation Program Design and Implementation: Lead the design and implementation of innovative compensation programs that attract, retain, and motivate top talent, both globally and regionally. Partner with Talent and business leaders to develop and implement compensation policies and procedures that are compliant with local regulations and support our business goals.
  • Stakeholder Management: Build strong relationships with key stakeholders across the global business. Provide expert advice and guidance on compensation-related matters, and effectively communicate compensation philosophy and programs to employees.
  • Regional Compliance and Legislation: Ensure compliance with all applicable UK and Ireland compensation laws and regulations, including pay equity legislation. Stay abreast of legislative changes and proactively update compensation programs to maintain compliance.
  • Compensation Operations: Oversee the day-to-day operations of compensation programs in the UK and Ireland. Manage compensation cycles, conduct job evaluations, participate in salary surveys, and analyze compensation data to identify trends and areas for improvement.
  • Data Analysis and Reporting: Conduct analyses to evaluate budgetary impacts of compensation programs and policies. Prepare reports and presentations based on this analytical work for management.
  • Project Management: Manage compensation-related projects, including defining scope, timelines, resources, and communicating progress to stakeholders.
  • Cross-Functional Collaboration: Collaborate effectively with key teams, including HRIS, Talent Acquisition, TBPs, Finance, and Legal, to ensure alignment and successful implementation of compensation initiatives.
  • Team Leadership: Provide indirect management and mentorship to a Senior Associate of Benefits, who supports the UK, Ireland, and Asia regions. Foster a collaborative and high-performing team environment.

What You'll Need:

  • Bachelor's degree in Human Resources, Business Administration, or a related field.
  • 6+ years of experience in compensation, with a strong focus on market analysis, program design, and implementation.
  • Deep understanding of UK and Ireland compensation laws and regulations.
  • Excellent analytical and problem-solving skills, with the ability to interpret and analyze complex data.
  • Advanced proficiency in Excel, including data manipulation, modeling, and reporting.
  • Strong communication and interpersonal skills, with the ability to build relationships and influence stakeholders at all levels.
  • Proven ability to manage and prioritize multiple projects simultaneously in a fast-paced environment.
  • Experience with Workday or other HRIS systems.

About Wayfair Inc.: Wayfair is one of the world’s largest online destinations for the home. Whether you work in our global headquarters in Boston, or in our warehouses or offices throughout the world, we’re reinventing the way people shop for their homes. Through our commitment to industry-leading technology and creative problem-solving, we are confident that Wayfair will be home to the most rewarding work of your career. If you’re looking for rapid growth, constant learning, and dynamic challenges, then you’ll find that amazing career opportunities are knocking. No matter who you are, Wayfair is a place you can call home. We’re a community of innovators, risk-takers, and trailblazers who celebrate our differences, and know that our unique perspectives make us stronger, smarter, and well-positioned for success. We value and rely on the collective voices of our employees, customers, community, and suppliers to help guide us as we build a better Wayfair – and world – for all. Every voice, every perspective matters. That’s why we’re proud to be an equal opportunity employer. We do not discriminate on the basis of race, color, ethnicity, ancestry, religion, sex, national origin, sexual orientation, age, citizenship status, marital status, disability, gender identity, gender expression, veteran status, genetic information, or any other legally protected characteristic.

Compensation Manager employer: Wayfair

Wayfair is an exceptional employer that fosters a culture of empowerment and opportunity, making it an ideal place for professionals seeking meaningful careers. With a strong focus on employee growth, innovative compensation strategies, and a commitment to diversity and inclusion, Wayfair offers a dynamic work environment in the UK and Ireland where every voice is valued. Employees benefit from competitive compensation programs, collaborative cross-functional teams, and the chance to shape the future of compensation on a global scale.
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Contact Detail:

Wayfair Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Compensation Manager

✨Tip Number 1

Network like a pro! Reach out to your connections on LinkedIn or attend industry events. You never know who might have the inside scoop on job openings or can put in a good word for you.

✨Tip Number 2

Prepare for interviews by researching the company and its culture. Understand their compensation philosophy and be ready to discuss how your experience aligns with their goals. This shows you're genuinely interested!

✨Tip Number 3

Practice your pitch! Be clear about your achievements and how they relate to the role. We recommend doing mock interviews with friends or using online resources to refine your delivery.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining our team at Wayfair.

We think you need these skills to ace Compensation Manager

Market Benchmarking
Compensation Program Design
Stakeholder Management
Compliance with UK and Ireland Compensation Laws
Data Analysis
Project Management
Cross-Functional Collaboration
Team Leadership
Analytical Skills
Problem-Solving Skills
Advanced Excel Proficiency
Communication Skills
Interpersonal Skills
Experience with HRIS Systems

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Compensation Manager role. Highlight your experience in market analysis and compensation program design, as these are key aspects of the job. We want to see how your skills align with what we're looking for!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about compensation and how your background makes you the perfect fit for our team. Don’t forget to mention your understanding of UK and Ireland compensation laws!

Showcase Your Analytical Skills: Since this role involves a lot of data analysis, make sure to showcase your analytical skills in your application. Provide examples of how you've used data to drive decisions or improve compensation strategies in your previous roles.

Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s super easy, and you'll be able to keep track of your application status. Plus, we love seeing applications come directly from our site!

How to prepare for a job interview at Wayfair

✨Know Your Numbers

As a Compensation Manager, you'll need to be comfortable with data. Brush up on your market analysis skills and be ready to discuss how you would approach benchmarking compensation. Familiarise yourself with current trends in the UK and Ireland to show that you're not just knowledgeable but also proactive.

✨Showcase Your Stakeholder Skills

This role involves building relationships across various teams. Prepare examples of how you've successfully collaborated with stakeholders in the past. Think about times when you influenced decisions or communicated complex compensation strategies effectively.

✨Understand Compliance Inside Out

Compliance is key in this role. Make sure you’re well-versed in UK and Ireland compensation laws and regulations. Be ready to discuss how you’ve navigated compliance issues in previous roles and how you stay updated on legislative changes.

✨Project Management Prowess

You'll be managing multiple projects simultaneously, so highlight your project management experience. Prepare to discuss specific projects you've led, focusing on how you defined scope, managed timelines, and communicated progress to stakeholders.

Compensation Manager
Wayfair
Location: City of London
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  • Compensation Manager

    City of London
    Full-Time
    36000 - 60000 £ / year (est.)
  • W

    Wayfair

    1000-5000
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