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 Norwich
A city with a long and varied history, Norwich is the county town of Norfolk and from the 11th century until the Industrial Revolution, it was the second largest city in England after London.
During this period, Norwich was a market town known for its wool and textiles; it also traded pottery. There was a large cattle market during the 1700s and brewing became big business, peaking at the beginning of the 19th century. A number of microbreweries and artisan beer makers are still based in the region.
One of Norwich's best-known products is Colman's mustard, which has been made in the city since 1804 when Jeremiah Colman bought a flour mill in the area. He began producing mustard in 1814 and the company is still thriving in Norwich today - although it's now operated by Unilever and the range of products has expanded to include a variety of sauces and condiments.
Those seeking Compensation & Benefits Manager roles in Norwich will have a number of employment opportunities to consider. Aviva, an insurance company formerly known as Norwich Union, is a major employer, while Archant - a national publishing - company distributes a number of daily and weekly newspapers, as well as a variety of magazines.
In addition, Norwich is home to a massive research park that includes the facilities of more than 30 businesses based in biotechnology, food, nutrition, pharmaceuticals, medical technology, information science, computing and low-carbon energy.
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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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