Head of Compensation & Benefits - Fermanagh
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 County Fermanagh
County Fermanagh is the only Northern Irish county that does not encircle Lough Neagh, sitting as it does in the south western corner of the province. It shares more Irish county borders than Northern Irish, the only latter one being County Tyrone, the four Eire ones being Donegal, Leitrim, Cavan and Monaghan. The county town and county seat is Enniskillen, which, with 14,000 people, is the county’s most populous. The entire population of Fermanagh is less than 60,000. After Enniskillen, the next largest settlement is Lisnaskea, which is home to just over 2,500.
Much of Fermanagh is rural, with agriculture and tourism being its main sources of income. It does have a good set of physical connections with Eire as well as Northern Ireland, which does offer up the possibility of finding Head of Compensation & Benefits work in the county.
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