Head of Compensation & Benefits - Shropshire
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 Shropshire
Shropshire is a county in the West Midlands. It shares borders with Cheshire, Worcestershire, Herefordshire and Staffordshire, as well as Wales.
Those seeking Head of Compensation & Benefits roles in Shropshire will have a variety of options to consider, as the county is home to a number of thriving communities - such as the county town of Shrewsbury, Telford, Wellington, Newport, Ludlow, Market Drayton, Oswestry and Whitchurch.
What's more, there is a wide range of beautiful natural areas in the region, each one perfect for relaxing during your days off. These include the Shropshire Hills, Wenlock Edge and the Long Mynd. There's also Fenn's, Whixall and Bettisfield Mosses National Nature Reserve - it's one of the best-preserved wetland areas in the country.
Historically an agricultural county, Shropshire's modern economy is mainly based on the service sector. Tourism and retail are also important, while the larger towns are also home to some industry and tech companies.
Just some of the businesses that can be found in Shropshire include Muller Dairy, Unimation, Nikon, Hitachi Maxell and Ricoh.
What's more, the RAF has two bases in the region and the PDSA's head office is in Telford.
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