HR Manager

Compensation and Benefits Manager

Ref: 519| Posted: 12th Jun 2018

This vacancy is now closed

An immediate opportunity is now available for a Compensation and Benefits Manager to join a market leading financial services organisation located in Salisbury, Wiltshire.

This is a 6 month fixed term contract and you will define, develop and implement the strategic reward plan, policies and practices to closely support and advance the business objectives and employee aspirations.

In this position, you’ll:   

  • Design, develop and implement a reward strategy and framework that supports a high performance culture and is aligned to both the market and our business strategic goals and values
  • Review ,design and implement pay structures and pay progression arrangements that ensure that the values, behaviours, performances and attitudes that the business needs to be successful are rewarded and recognised, in keeping with a high performance culture
  • Develop a pay policy that's competitive with the external labour market in order to recruit and retain key personnel needed to achieve business success
  • Review and develop the Flexible Benefits programme with a range of benefits that underpin the company  values and desired behaviours
  • Design and deliver reliable and accurate data analysis for financial modelling as well as participating in salary survey requirements and industry/regional salary benchmarking 
  • Provide reward and benefits advice to colleagues and senior management as required and undertake analysis and investigation of any related issues/ problems 
  • Regularly audit the pay and benefits policies to ensure they are fit for purpose
  • Define and oversee communication strategies to promote the range of benefits and improving employee engagement
  • Develop, manage and administer incentive/bonus plans, engaging with key stakeholders to ensure smooth operation with appropriate regulatory compliance and governance control. Drive process improvement to ensure robust administration including documentation, governance, communication etc.
  • Manage and regularly review/refine the job levelling programme and ensure job description library is accurate and complete
  • Establish and manage a Remuneration Committee with clear terms of reference and fully aligned to business performance
  • Review Executive Terms and Conditions ensuring equality and market competitiveness
  • Conduct external research, assessment and benchmarking as part of the strategic process to identify new reward approaches that ensure that

competitiveness is maintained in line with the reward strategy, including participation in appropriate salary and benefit surveys

  • Manage and develop the Performance Management programme, working with the HR Business Partners to ensure consistency of performance management approach and delivery
  • Project manage and administer the overall delivery of the annual pay review and bonus schemes for both staff and management groups
  • Provide key stakeholders with essential cost modelling data and advise them on any impact and timescales of the reward solutions
  • Manage the day-to-day delivery of key reward initiatives, including private healthcare, flexible benefits and recognition schemes to the company
  • Ensure that the recruitment, salary and benefit costs are controlled through effective management of the job evaluation policy and process
  • Review and manage insurance products e.g. PMI, Group Life and Group Income protection
  • Design, manage, implement and maintain Compensation & Benefits policies
  • Other project work e.g. HRMS
  • Be responsible for completing all mandatory training and to do so within required timescales

               Be responsible for ensuring that all team members complete their mandatory training and that it is completed within the allotted time

If this sounds great, here’s what experience we are looking for:

  • Extensive working knowledge of compensation and benefits initiatives and programmes at strategic level
  • Good knowledge and experience of job levelling 
  • Previous regulatory reward experience preferred
  • Strong data analysis, numerical, problem solving, decision making and reporting skills 
  • Good organisation and planning skills
  • Strong project management and process change skills.
  • Advanced skills in using Excel, Word and PowerPoint

               Educated to degree level with HR or professional qualifications desirable

In return for your skills you will receive a competitive salary and benefits and the opportunity to make your mark in a well-regarded organisation.

If you have the required experience, I want to hear from you!

Just hit the Apply button to forward over your CV for the Compensation and Benefits Manager

First 2 Recruit Ltd is an Employment Agency who provide permanent and fixed term contract services and an Employment Business who provide temporary services as defined under the Employment Agencies Act 1973.  First 2 Recruit Ltd will collect the personal details which job seekers provide to us for the purposes of providing job seekers with work-finding services. In providing this service to job seekers we may need to transfer their personal details to our client companies.

Please note we regret that due to the high volume of CV's received we cannot give individual feedback to candidates, if you are not contacted within 5 working days of submitting your CV please assume your application has been unsuccessful on this occasion.


First 2 Recruit Ltd is an equal opportunities employer and is committed to a policy of treating all its employees and job applicants equally regardless of race, colour, ethnic origin, nationality, national origin, religion or belief, gender, sexual orientation, gender reassignment, age or perceived age, marital or civil partnership status or disability.