Global Compensation Consultant
3 weeks ago
We are looking for a seasoned Global Compensation Consultant to drive our reward strategy forward. This full-time role is located in Gloucester, with a split-week schedule that balances on-site and remote work.
The salary range for this position is £45,000 - £50,000 per year, reflecting your expertise and experience. Our comprehensive benefits package includes private medical insurance, generous holiday time, monthly early finishes, and a contributory pension scheme.
About the Position:
This is a crucial role within our HR department, focusing on developing and implementing global reward strategies to foster employee engagement and retention. You will work closely with HR colleagues and key stakeholders to maintain competitive compensation and benefits practices that align with our business objectives.
As a Global Compensation Consultant, you will provide authoritative guidance on compensation, benefits, and recognition programs, utilising market data and insights to inform your decisions.
- Compensation and Benefits:
- Design and execute salary structures, incentive plans, and other compensation policies that support business goals.
- Analyse market data and conduct benchmarking exercises to ensure competitive positioning.
- Offer guidance on job evaluations, salary reviews, and pay progression frameworks.
- Lead the development and implementation of variable pay schemes, such as the Group Annual Bonus and other incentives.
- Collaborate with the Head of People Operations to manage annual benefits renewals across multiple countries.
- Reward Strategy Development:
- Contribute to creating and delivering reward initiatives that align with business objectives and employee engagement goals.
- Help craft bespoke reward solutions for various teams and functions within the organisation.
- Evaluate the effectiveness of reward programs and recommend improvements when necessary.
- Data Analysis and Reporting:
- Analyse reward data and metrics to provide actionable insights to senior management.
- Maintain accurate records and ensure compliance with relevant regulations and reporting requirements.
- Employee Communication and Education:
- Serve as the primary contact for employees and managers on reward-related matters.
- Develop and disseminate clear communication materials to educate employees about compensation and benefits programs.
- Collaborate with HR and internal communications teams to promote understanding and engagement with reward initiatives.
- Compliance and Governance:
- Guarantee that all reward programs adhere to legal and regulatory requirements.
- Stay informed about changes in employment laws and market trends to adapt reward strategies accordingly.
- Work with external vendors and consultants to ensure seamless delivery of benefits programs.
- Team Management:
- Provide effective line management, coaching, and development to direct reports.
Essential Skills and Qualifications:
- Proven experience in compensation, benefits, or reward roles, with UK knowledge required and international experience beneficial.
- Knowledge of general reward practices, market benchmarking tools, and job evaluation methodologies.
- Proficiency in HR systems and data analysis tools, such as Excel and HRIS platforms.
- Understanding of employment laws and regulations related to compensation and benefits.
- Exceptional analytical skills, problem-solving abilities, and attention to detail.
- Strong communication and stakeholder management skills.
- Able to interpret complex data sets and apply strategic thinking.
- Ability to maintain confidentiality and handle sensitive information ethically.
- Commitment to promoting equity, diversity, and inclusion in reward practices.
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