Head of Compensation & Benefits - Anglesey
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.
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Head of Compensation & Benefits Jobs in Anglesey
Anglesey is an island county off the coast of North Wales, but is an integral part of Wales itself, with Welsh culture part of its inherent makeup. The island was joined to mainland Wales in the nineteenth century by two bridges near Bangor, one designed by Thomas Telford, the other by Robert Stephenson. Anglesey’s population of around 70,000 is concentrated mainly in the north-west port of Holyhead, which houses around 14,000. It is also the county town and an important ferry port, with regular services to Dublin.
There is a certain amount of tourism in Anglesey, but not as much as there is on the North Wales coast. The island is rather agricultural in nature, although the port provides an important cluster of jobs and helps the economy greatly. As with any port town, Head of Compensation & Benefits jobs do become available in Holyhead, which makes Anglesey among the best place in the North Wales region to find such work.
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