Head of Compensation & Benefits - Greater London Area
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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Quality, Technical and Certification Lead
Birmingham, West Midlands
£35000.00 - £40000.00 per annum Benefits
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National Account Executive
Birmingham, West Midlands
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Procurement Specialist - Construction / Facilities Management
North West England
£50000 - £55000 per annum Car, Bonus & Excellent Benefits
Procurement Specialist - Construction / Facilities Management North-West, with flexible / home working £50,000 - £55,000 Car, Bonus and Excellent Benefits Role ProfileMy North-West based client is...
£40000.00 - £45000.00 per annum Uncapped Bonus and Company Car
Sales Manager Essex £40,000 - £45,000 Uncapped Bonus CarWe are currently recruiting a motivated Sales Manager who has a strong background in sales within Distribution and/or Supply Chain. This is ...
£40000.00 - £45000.00 per annum plus benefits
Do you want to work for a fabulous international business with an open and friendly culture, lots of community involvement and opportunities for progression?I'm working with a business with a close-kn...
Interim HR Manager
£200 - £250 per day
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Typical roles we recruit forROLES
Head of Compensation & Benefits Jobs in Greater London
Home to more than 7.5 million people and covering around 1,500 sq km, Greater London is an administrative division that was created in 1965.
Comprising the City of London, as well as the 32 London boroughs, it is often described as the region inside the M25, although this isn't exactly accurate. What's more, it offers a wealth of choice for those seeking Head of Compensation & Benefits opportunities.
The centre of the British government, Greater London is home to various official bodies and it's also the financial hub of the country, with just some of the big companies based here including Lloyds, Barclays and Citibank. Other top companies with headquarters or other facilities here include Reuters, Ford, Warburtons, Tate & Lyle, Nestle and John Lewis.
What's more, transportation and shipping are essential for keeping Greater London running. Heathrow Airport is one of the busiest airports in the world, seeing around 69 million passengers a year, as well as a significant amount of cargo.
Meanwhile, several mainline rail companies travel into London and Transport for London helps millions of passengers get across the capital every day via bus, Tube, DLR and tram. There's also the Port of London Authority, which deals with commercial freight on the River Thames.
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