Compensation Specialist

3 weeks ago


London Area, United Kingdom Humankind Global Recruitment Full time

Job Title: Compensation Specialist

About the Role:

We are seeking a highly skilled Compensation Specialist to join our team at Humankind Global Recruitment. As a key member of our HR consulting group, you will play a crucial role in developing and implementing effective compensation strategies that drive business results.

Responsibilities:

  • Annual Compensation Review: Manage the administration, supporting the Reward Manager in the planning and governance of the end-to-end process. This includes auditing data, managing queries, data analysis, report generation, and system administration.
  • Responsible for salary benchmarking for new roles, promotions, internal transfers, and out-of-cycle increases.
  • Partner with and train HR Business Partners – including Base Salary & Bonus Review processes, Job Levelling, Benchmarking.
  • Responsible for the salary and benefits survey submission process and coordinating the job levelling and matching process. Ensure the Job Catalogue and benchmarking processes are regularly updated.
  • Partner with, consult, and advise HR Directors to support their Reward requirements.
  • Benefits: Support the Reward Manager in a benefits consultancy model, including preparing market and cost analysis and reviewing offerings, ensuring benefits meet the Global Reward Strategy.
  • Recognition: Work with the Reward Manager on managing the global programme, including reporting and assisting with the promotion of the programme.
  • Compensation Analysis: Include Gender Pay Gap Reporting, Compensation vs Performance, and other ad-hoc reports.
  • Mobility: Prepare salary and cost analysis for global moves, including net-net and cost of living comparisons, total costs for approval, and supporting the Global Mobility strategy.
  • Keep up-to-date with Total Reward market practices.
  • Support in ad-hoc Reward activities, projects, and initiatives.

Requirements:

  • Experience of using an external market data source to draw insights on competitiveness of internal compensation levels and practices.
  • Experience of supporting at least two full global compensation review processes.
  • Experience of using a HRIS to administrate compensation data.
  • Passionate about a dedicated career in Reward.
  • An understanding of data analysis.
  • Analytical and problem-solving skills.
  • Intermediate to advanced Excel skills.
  • Excellent communication skills and a positive 'can-do' attitude.
  • Previous experience working in a Reward-focused role.


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