Head of Compensation & Benefits - Aberdeenshire
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.
Popular Cities & Towns
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Typical roles we recruit forROLES
Head of Compensation & Benefits Jobs in Aberdeenshire
Aberdeenshire is a large county in the North East of Scotland. Although clearly named after the large city of Aberdeen, the city itself is not technically in the county (Aberdeen City is the local authority), although the city does of course influence the county greatly, not least because the county’s main offices are in Aberdeen City area! Aberdeen borders the counties of Angus, Perth and Kinross and Highland Moray. The population of the county of Aberdeenshire is roughly the same as that of the city, about a quarter of a million.
Aberdeen is a thriving city that is still hugely dependent on the North Sea Oil industry, and is a centre of employment, culture and entertainment that influences the county of Aberdeenshire. Anyone looking for Head of Compensation & Benefits jobs should check the City of Aberdeen first, but the towns in its orbital area are well worth checking out too. Peterhead, Inverurie and Fraserburgh are worth checking, too.
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