Head of Compensation & Benefits - Midlothian
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 locations
Latest vacancies
LATESTTypical roles we recruit for
ROLES
Head of Compensation & Benefits Jobs in Midlothian
Midlothian is located to the south of Edinburgh, between East Lothian, West Lothian and the Scottish Borders (historically the Peebles-shire part). Its administrative headquarters is in Dalkeith in its northern area, a mile or so from Edinburgh’s south-eastern suburbs. Like many areas of Scotland, Midlothian has a smattering of castles and is a popular destination for day trippers from the city.
Thanks to its proximity to the capital, Midlothian is extremely well linked to the national road and rail network, and Edinburgh Airport is located just outside its north-western border. Although Midlothian is itself largely rural in nature, its main market for Head of Compensation & Benefits jobs and such like is probably Edinburgh, which the county wraps around.
We’re here to help
Whether you are a client or a candidate, getting to know you helps us to understand and anticipate your needs. Why not get in touch and see just what we can do for you today?
-
Email us
hello@castuk.com -
Manchester, UK
0161 825 0825 -
Birmingham, UK
0121 222 6444
-
London, UK
0208 185 5200 -
Atlanta, US
+1 470 845 2800