Global Rewards Strategist
3 days ago
Prax is a leading multinational refining, storage, distribution, and sales conglomerate dealing in crude oil, petroleum products and biofuels, headquartered in London. Our ability to deliver innovative customer solutions across the world has secured our reputation as a prominent presence in the global energy market.
We conduct business responsibly, placing excellence, integrity, and philanthropy at the heart of everything we do. This approach enables us to maintain a strong position in the industry while upholding our values.
Job OverviewThis role offers an exceptional opportunity for an experienced HR Professional to oversee and administer employee rewards and benefits within a smart benefits landscape. As a Global Rewards Strategist, you will play a pivotal part in shaping and implementing a total compensation and benefits package that aligns with the company's strategy and business goals across multiple territories.
Your primary focus will be on developing relationships with external providers to maintain the online benefits system for company employees, ensuring seamless integration into new platforms. Additionally, you will collaborate closely with the M&A team to design fit-for-purpose reward packages for acquired employees in the UK and overseas.
You will also be responsible for evaluating salary and labour market surveys to determine prevailing pay rates and benefits, deploying effective communication strategies related to changes, developments, and improvements across the benefits landscape.
A key aspect of this role will be conducting market analysis and benchmarking to ensure competitive positioning of our rewards offerings, leading financial analysis and modelling related to total compensation, including salaries, bonuses, and equity.
Key Responsibilities- Design and implement a comprehensive total compensation and benefits package aligned with the company's strategy and business goals across multiple territories.
- Develop relationships with external providers to maintain the online benefits system for company employees and migrate to new platforms.
- Collaborate with the M&A team to design fit-for-purpose reward packages for acquired employees in the UK and overseas.
- Evaluate salary and labour market surveys to determine prevailing pay rates and benefits.
- Conduct market analysis and benchmarking to ensure competitive positioning of our rewards offerings.
- Lead financial analysis and modelling related to total compensation, including salaries, bonuses, and equity.
- 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 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.
The estimated annual salary range for this position is £65,000 - £85,000, depending on experience and qualifications.
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