Head of Compensation and Benefits Jobs
In the modern company, competition to land the best talent is almost as prized as it is to win market share in the sector. It has long been recognized that employees’ contributions to a company can make or break it, and that employees who feel undervalued – rightly or wrongly – will soon start looking elsewhere. It is the head of compensation and benefits’ job to use pull factors such as salaries, bonuses, pensions etc. to attract and retain employees.
The role requires a strategic mindset, as employees’ motivations change as they serve more time at a company and climb its ladder. A programme of review and assessment will need to be put in place or maintained, and liaison with employees’ managers will help guide the compensation and benefits decisions for individual employees. Essentially that will mean making cost-benefit analyses for each employee and rewarding them appropriately. While the role might be overseeing a compensation team in larger companies, in smaller ones, the task may be all down the head herself or himself.
The skills required
A strategic, analytical mindset is a key asset in the role of head of compensation and benefits. You will be assessing the value of employees but you also have a hand in motivating them through the use of perks and other incentives. As compensation is an expenditure to a company – and often its largest outgoing – the role will require a sense of balance, honest, unemotional assessment of an employee’s worth to the company. Reporting to the board, you will need to justify the compensation and benefits you decide on, and evidence of your case will need to be presented to get approval.
Experience in working with benefits and compensation at a management or executive level will be an important asset for this role. You must be able to demonstrate a deep understanding between employee motivation, productivity and profitability and how they interrelate. Evidence of schemes and initiatives you have previously put in place to that end will also be of great benefit.
Head of Compensation & Benefits Jobs in Rutland
One of the smallest counties in England, Rutland is bordered by Northamptonshire, Lincolnshire and Leicestershire, as well as the unitary authority, Peterborough.
With just two towns, Oakham and Uppingham, and villages including Ketton and Cottesmore, Rutland may be diminutive in size, but it offers a variety of opportunities for those seeking Head of Compensation & Benefits positions.
It's one of the least economically deprived areas in England and in 2007, it became the fourth county to be awarded Fairtrade Status.
The region has a long history and it first shows up in the record books in 1159. Uppingham School, one of the first public schools in the country, was founded in 1584 and over the years it has educated a number of well-known writers, innovators, historians, scientists, politicians, sportsmen and musicians.
Ketton stone is a type of limestone used in building and as an ingredient in cement. The Hanson Cement plant in Ketton produces more than 10 per cent of the UK's demand for the mixture.
In addition, Rutland Bitter is one of only three UK beers to have been given Protected Geographical Indication status. These days, the Grainstore Brewery is one of the few companies to manufacture the tasty beverage.
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Find Head of Compensation and Benefits Jobs with Cast UK
Throughout the UK, hundreds of companies are looking to fill executive and management level HR jobs, and thanks to Cast UK’s diligence and reputation, many of them come to us first to help them find their ideal person.
Similarly, thousands of managers and execs are at any time looking to take the next step in their careers and do something about their own compensation and benefits by moving to a company that can really reward their experience and ideas. Does this sound like you? Call us today on 0333 121 3345.
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