Head of Compensation & Benefits - Dunbartonshire
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 Dunbartonshire
Dunbartonshire is a wide, thin strip of a county in the central Lowlands of Scotland. It is wedged between Glasgow, Lanarkshire, Stirlingshire and Argyll and Bute, and has the town of Dumbarton as its county town. Quite why the town is spelt with an M and the county with an N is a historical quirk, but it’s certainly worth noting if you’re applying for jobs here! (Dunbartonshire is sometimes called the County of Dumbarton, just to confuse matters.)
Dunbartonshire is well linked to Glasgow and has the Loch Lomond National Park to its north, making the county a popular part of the tourist trail as well as a desirable place for commuters. We do find Head of Compensation & Benefits and similar jobs within the county, but Glasgow should also be a very strong option in your job search.
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