Main duties and responsibilities

Strategy

• Developing and implementing compensation and benefit strategies aligned with company goals and competitive market practice in the UK, making proposals to HR leadership for consideration as required.
• Conducting regular benchmarking analysis to assess the competitiveness of compensation and benefit programmes ensuring alignment with market trends and best practice, making proposals to HR leadership for consideration as required.

Compensation

• Managing the annual salary review process, including salary structure reviews, merit increases and bonus calculations in compliance with UK regulations and internal guidelines.
• Reviewing and analysing compensation data, identifying trends and making recommendations for adjustments or enhancements to compensation programmes.
• As the employee rewards subject matter expert, you will enforce and maintain reward and pension process controls, and legislative requirements.
• Reviewing, monitoring and developing reward related policies and associated procedures to ensure they are fully embedded and understood within the business.
• Partner with HR to determine appropriate salary offers for new hires and internal promotions, considering internal equity and external market data.
• Focal point within compensation for matters relating to Trade Union negotiations, analysing market data and preparing recommendations for HR and Management review to support the pay negotiations.

Benefits

• Managing employee benefit programmes, including pension schemes, health care plans and other employee benefits ensuring compliance with regulatory requirements and market competitiveness.
• Managing external suppliers and broker renewals, with the support of Supply Chain, where appropriate.
• Leading the delivery of the annual benefits cycle, maximising engagement with benefits consistently throughout the year.
• In collaboration with our benefits intermediary, explore, evaluate and recommend opportunities that ensure our employee benefits offering is fit for purpose and provides maximum return for budget. Make proposals to HR leadership as required.
• Performing job evaluations and work in partnership with the HRBP team to ensure the business understands the value of the process to role within the organisation.

Applicants to this role require

• Proven experience as a Compensation and Benefits Specialist or similar role, with expertise in UK compensation and benefit practices.
• Relevant C&B/HR qualification(s).
• Strong understanding of compensation practices, including salary benchmarking, job evaluation and pay structure design.
• Recent hands-on experience of managing the Aon compensation survey process.
• Experience in managing benefits programmes including pension schemes, health care plans and voluntary benefits.
• Proficiency in using compensation and benefits survey data and analytical tools.
• Excellent analytical and problem-solving skills with the ability to interpret and analyse complex compensation and benefits data.
• Strong project management skills to manage multiple tasks, priorities and deadlines.
• Proficiency in using Microsoft Office applications, particularly Excel for data analysis and reporting.
• Continuous learning mindset to stay updated with changes in compensation and benefit practices, laws and regulations.
• Previous experience with Workday.

Additional information

• You would spend around 70% of your time focusing on compensation-related activities, with the remaining c30% centred around Benefits.
• Modern work setting with excellent facilities and transport links, with plenty of onsite parking.
• Hybrid working is available following probation, with Friday’s WFH if desired.
• Compressed working (9-day fortnight) also available following probation.

TMM Recruitment INDHR

Email:ccarr@tmmrecruitment.com