Compensation and Benefits Manager Jobs
No matter how fulfilling a job is or how well regarded the company is, the truth is that people go there to earn a living. In competitive sectors, compensation is perhaps the number one factor in securing the very best employees. That’s why many companies have dedicated compensation managers. Their job is to assess the true value of a position to the company, and to weigh this up against the skill sets of the personnel performing the task. It’s a delicate job, calculating salaries that retain and attract the best while remaining competitive and profitable, but get it right and the compensation manager can become a highly valuable member of the team.
Benefits are also a key factor in attracting great employees. This is also part of the C&B manager’s remit, creating complete packages that help to bring in top talent, to give them attractive packages and to ensure compensation and benefits are reviewed regularly to ensure a satisfied team.
The skills required
Experience in compensation and benefits management will be of great help, as the task is a very skilled one, requiring balance and judgement. A knowledge of what motivates employees in the sector is useful, so experience in the industry will be of benefit.
The task requires some complex mathematical skills to ensure that employees and their roles are given exact valuations, but it’s not just about the amount of money a person is personally bringing into the company; it is also about factoring in things such as competitor salaries and benefits, plus the costs of high staff turnover. Reporting to the board is a regular part of the job, as your decisions need to go through financial scrutiny. You will need the strength of character to argue your case when directors are questioning your assessments or calculations.
Compensation & Benefits Manager Jobs in Chesterfield
Situated 9 miles (15 km) south of Sheffield, the Derbyshire town of Chesterfield has more influence from this city than it does with Derby, its county capital, 21 miles (35 km) to the south. To the east of the town the M1 passes on its Nottingham to Sheffield stretch, and the west of Derby is taken up with 3 miles (5 km) of agricultural land before the start of the Peak District National Park. Chesterfield is connected to Derby, Leicester, Rotherham and Sheffield by rail. Its current population of around 100,000 makes it the most populous town in Derbyshire, second in size only to the city of Derby.
Historically a market town, Chesterfield became associated with coal mining after the discovery of a large seam in the 19th century, when the town’s population grew rapidly. The coal was discovered during the excavation of a tunnel for George Stephenson’s Derby to Leeds railway line. During construction, Stephenson moved to Chesterfield, and it was in the town that he was to end his days, aged 67. A statue of Stephenson stands outside Chesterfield railway station. The engineering legacy continued until recently, however. Chesterfield-based Markham & Co. made the machines that excavated the Channel Tunnel, among other tunnels.
Much of the heavy industry has now left Chesterfield, and in many ways the town has returned to its Market roots, although there is understandably a much larger service and local government sector now. Occasionally, Compensation & Benefits Manager positions are filled in Chesterfield, but more so in the surrounding area, particularly Sheffield.
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Find Compensation and Benefits Management Jobs with Cast UK
Working in executive and management-level HR recruitment, Cast UK is well placed to fill your compensation and benefits manager positions as they arise. We are a recruitment consultancy based in Manchester and with offices in Birmingham and London, but we source executives and managers for companies up and down the UK.
The strength of our relationships with our clients means that they come to us first when they have manager roles to fill. We in turn have on file the details of many potential candidates, who we screen for compatibility before sending them on to the clients. It’s an arrangement that works perfectly for both parties, so whether you’re looking for an opening or need to fill one, call us today on 0333 121 3345.
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