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 Shrewsbury
Shrewsbury has always been a market town, as shown by its distinctive roads to Telford, Whitchurch, Oswestry, Welshpool and Ludlow. During the Industrial Revolution the town was linked by Shrewsbury Canal, which linked to the Shropshire canal, but again, it was used more to bring goods in than to take them out – the town remained largely unindustrialised. Railways also came in the nineteenth century, making Wolverhampton and the North and South of England easily accessible.
The town does have a thriving light industry scene, and has two important business parks, Shrewsbury Business Park and the Battlefield Enterprise Park. Sometimes Compensation & Benefits Manager or similar jobs turn up in Shrewsbury or the surrounding area simply because it’s a relatively isolated town that has a large demand for goods to be brought in.
Although Shrewsbury is the county town of Shropshire, it is actually only the second largest in the county (after Telford), but still has a sizeable population of around 100,000. As it is so close to the Welsh border, it acts as a magnet for many of the Welsh towns and villages along the country’s eastern side as well as those in the surrounding area. This has led to Shrewsbury becoming a very healthy shopping town; it is also a very pleasant place to live, with much of its medieval town centre still standing. Shrewsbury does have one very notable claim to fame, too – it was the birthplace of Charles Darwin.
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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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