Compensation & Benefits Manager
Sanderson is partnering with their market-leading engineering client to recruit a Compensation & Benefits Manager. You will shape and deliver exceptional compensation, benefits, and reward strategies that drive employee satisfaction, retention, and organisational success. You will lead the full cycle of development and execution of these strategies, ensuring alignment with the organisation's strategic goals.
Reporting to Head of HR Operations.
4 days in the office 1 day working from home per week
Key Responsibilities:
Compensation, Benefits & Reward Strategic Planning & Management
1. Lead the development and execution of compensation, benefit, and reward strategies.
2. Establish and maintain Annual C&B Business Plan and manage its implementation in line with budget.
3. Provide strategic recommendations to the Remuneration Committee and Strategic Leadership Team.
Annual Reward Cycle Process
1. Lead the annual reward cycle, including salary and total compensation reviews, bonus plans, out-of-cycle compensation requests, and benchmarking.
2. Maintain compensation, benefits, and reward information in the HRIS.
3. Develop and maintain a Compensation, Benefits, and Reward cycle matrix, considering Collective Bargaining Agreements and legislative requirements.
Pay & Job Grade System
1. Support and maintain the pay grade and job grade system, ensuring alignment with the company's strategy.
2. Conduct job evaluations, recommend pay grades, and oversee compensation data analysis and reporting.
3. Test the job structure against existing compensation and benefits and provide recommendations.
Benefits Administration
1. Manage benefit plans, including onboarding for new hires, day-to-day operations, governance activities, and annual renewals of medical, dental, life, and disability plans.
2. Evaluate and recommend improvements to benefits offerings through benchmarking and market analysis.
3. Ensure that internal SOPs and policy documentation are developed and maintained.
Communications & Collaboration
1. Collaborate with HR Business Partners and HR Operations to support the colleague life cycle and foster an inclusive culture.
2. Trusted advisor on compensation and benefits matters, providing solutions and ensuring timely resolution.
3. Collaborate with HRBP and TA Teams to develop job descriptions, competencies, and classification systems.
Statutory Compensation & Benefits Reporting
1. Compliance with statutory reporting such as but not limited to Gender Pay Gap Reporting, EU Pay Transparency.
2. Gender Pay Gap Report publishing timeframes for each in-scope jurisdiction.
3. Create Gender Pay Gap Report Templates and work with team to develop finalised reports for publication.
Essential Criteria:
1. Bachelor's degree or equivalent, with a focus on HR or a related field.
2. Experience in developing compensation, benefit, and reward models, benchmarking, and crafting competitive total reward packages.
3. Proficiency in HRIS and Excel.
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