Head of Compensation & Benefits - Kirkcudbrightshire
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 Kirkcudbrightshire
Kirkcudbrightshire was a self-contained county until absorbed into Dumfries and Galloway in the 1970s. Its traditional neighbours were Wigtownshire, Ayrshire and Dumfriesshire, with the Irish Sea to its south. The county town of Kirkcudbright is a small fishing town situated in a natural harbour; the town is still quite small, with a population of about 3000. Much of the area of the traditional county is now taken up by the Galloway Forest Park, and tourism plays an important role in its economy.
Prospects for finding Head of Compensation & Benefits jobs in Kirkcudbrightshire are limited by it lack or major centres of population. However the tourism industry can create some opportunities, and the area is relatively well connected to the population centres of Scotland and England.
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