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Compensation and Rewards Specialist
1 month ago
Job Overview
We are seeking a skilled Compensation and Rewards Specialist to join our team at Prax, a leading British multinational refining company.
About the Role
This is an excellent opportunity for an experienced HR professional to help shape and administer employee rewards and benefits. You will work closely with senior stakeholders to design and implement a competitive total compensation and benefits package that aligns with our company's strategy and business goals.
Main Responsibilities
- Develop relationships with external providers to maintain our on-line benefits system and migrate to a new platform.
- Collaborate with the HR Director to develop a consistent compensation philosophy in line with our work culture and organisational objectives.
- Design fit for purpose reward packages for acquired employees in the UK and overseas in collaboration with the M&A team.
- Evaluate salary and labour market surveys to determine prevailing pay rates and benefits.
- Lead financial analysis and modelling related to total compensation, including salaries, bonuses, and equity.
- Conduct market analysis and benchmarking to ensure competitive positioning of our rewards offerings.
- Act as a subject matter expert on all aspects of rewards, staying up-to-date with industry trends and best practices.
Requirements
- Demonstrable working experience in an international Reward and Benefits environment.
- Experience of M&A and integrating new employees into a benefits rich platform.
- Extensive knowledge of HRIS and benefits administration platforms.
- HR related project management experience.
- Prior experience in HR practices and the administration and management of employee benefits and claims.
- Able to work with multiple and third parties to build competitive reward offerings.
- Knowledge of current labour rules and regulations in the UK and beyond.
- Familiarity with various types of incentives and benefits including pensions.
- Excellent analytical and problem-solving skills.
- Strong quantitative and analytical skills.
- Excellent attention to detail.
Location
The role is based in Weybridge, with opportunities to work across multiple territories. The estimated salary for this position is £60,000 - £80,000 per annum, depending on experience.