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Vacancy Details

Job TitleCompensation & Benefits Specialist
Reference12421
AreaNorthamptonshire
TypePermanent
Salary£45,000 - £50,000

Details

Our client who is a leading manufacturing organisation, is looking to recruit an experienced Compensation and Benefits Specialist hybrid working.

 

Purpose of Position:

 

As part of the senior HR leadership team the role will establish best Compensation & Benefits practices to attract and retain high-quality employees.

 

Key accountabilities:

 

Specific accountabilities are as follows:

 

Compensation:

  • Oversee all Compensation & Benefits processes, tools and systems to optimise efficiency, accuracy and talent optimisation

  • Together with the senior HR leadership team shape the strategy, design and development of a Total Rewards program (including base salary, variable pay, bonuses, promotions), benefits, and recognition programs

  • Understand compensation policies and practices at each of Forterras sites and act as a Business Partner

  • Ensure the benefits processes are followed and any changes collaborate with Payroll to ensure on time payments

  • Continuously pulse-check and benchmark activities across all areas of Total Rewards to create the best understanding of our competitiveness in the UK market

  • Manage and utilise a job evaluation system to evaluate and level jobs within the organisation and recommend improvements

  • Collect and leverage real-time (not annual) data from direct competitors and best in class companies to ensure we are competitive, plus able to attract and retain best-in- class talent

  • Keep on top of market trends to identify opportunities and gaps to elevate attractiveness/competitiveness

  • Provide recommendations to attract and retain high potentials (HiPos)

  • Support the HR Director with Remuneration Committee activities

  • Input into relevant compensation surveys

  • Manage UK Gender Pay Gap Reporting and legislative requirement

  • Provide guidance and develop solutions (e.g. manager training for compensation conversations)

UK Benefits:

  • Manage relationships with providers/brokers for all UK benefits including:

    • Private Medical

    • PHI

    • Life Insurance

    • Pension schemes

    • Company Car and Cash Allowance Policy

    • Salary Sacrifice Schemes, etc.

 

  • Standardise the delivery of benefits across the UK to ensure compliance

  • Benchmark current provision and offer recommendations for adjustment / improvements

  • Document and improve all administrative processes for the above

  • Work with the UK payroll team to streamline and improve reporting of benefits (eg. p11d)

  • Increase awareness of UK benefits to new and existing employees

  • Improve communications and accessibility for all employees to the companys benefits by working with internal comms

 

Job dimensions:

  • No direct or matrix reports

  • A member of the senior HR team with strategic influence and data insights

  • Key stakeholders : Senior HR team, Senior business leaders, Professional bodies, external suppliers and partners

  • Travel to business sites as required

 

Job requirements

  • 4+ years progressive experience in Compensation & Benefits

  • Proven track record in the area of UK Compensation & Benefits with strong technical and data analytical skills to be able to translate data and trends into key insights and recommendations; ability to analyse and interpret data, with a strong financial/commercial focus, but maintain the big picture” view

  • Hands on personality who enjoys jumping in between the operational and tactical/strategic level

  • Experience of UK employment tax including P11d, etc

  • Process expert with tangible examples of process improvements leading to service and cost improvements for the business

  • Working knowledge of at least one point factor evaluation system (Wills Towers Watson preferred)

  • Worked under a UK plc environment understanding of year end processes, compliance requirements, share schemes and experience of inputting to a UK plc annual report cycle

  • Self-starter / self-management skills, and excellent emphatic communication skills across all levels in the company.

The role holder is expected:

  • To comply with all aspects of the companys Compliance Policy

  • To ensure that all the business/operations are performed in accordance with instructions and procedures and in such a way so as to prevent any fraudulent activities taking place

  • To comply with the Health & Safety at Work Act 1974 and to observe the requirements of the Company Safety Policy and other relevant legislation

  • To update all areas of knowledge as required to carry out the job with maximum effectiveness and to attend training/development courses as and when required

  • To comply will all aspects of the HR Policies and Procedures of the Company

 

Education/Qualification:

 

  • Educated to degree (or equivalent) or postgraduate level 7 in Business, HR or other relevant discipline

  • Maintains CIPD / CPD