Internal Job Title: Compensation and Benefits Manager
Business: Lucy Group Ltd
Location: Oxford (Hybrid)
Job Reference No:4162
Job Purpose:
Development and implementation of globally integrated rewards and benefit programs within approved policies, procedures, and budget with the objective of attracting and retaining talents for the global Lucy Group businesses. Govern and support implementation of jobs architecture ensuring job grades, pay scales all review processes are running as per agreed rewards policies.
Business Overview:
Lucy Group is an international group that makes the built environment sustainable.
Our electric businesses advance the transition to a carbon-free world with infrastructure that enables renewable energy and smart cities. Our real estate businesses support sustainable living through responsible property development and investment.
Job Dimensions:
The role reports into Global Head of HR Operations and Rewards and will be a key member of the global HR community that supports and delivers HR services to Lucy businesses.
Key Accountabilities:
Compensation Planning
* Provides recommendations related to update on salary structures to ensure company's competitiveness on pay and benefits
* Provides guidance on salary levels during the budgeting process and ensures compliance to group policies to provide accurate and appropriate salary recommendations that are within budget and market standards
* Works with HRBPs to prepare job descriptions, conducts job evaluation and benchmarking, establishes salary structures, provides input to salary budgets, and prepares policies and procedures to insure the achievement of competitive employee compensation
* Maintains a working knowledge of local legislations influencing compensation and benefits at each LE location
* Govern jobs architecture ensuring agreed job title, grading, and org structure standards are adhered to
Compensation Administration
* Acting as a source of expertise to HR Business Partners in job matching and bench marking to enable accurate internal and external comparison of roles and to make individual salary recommendations
* Prepare and recommend guidelines on administration of salary offers, salaries, salary review, promotions, performance related pay and sales incentives for all LE sites.
Benefits Planning And Administration
* Performs regular review of global benefits, and guidelines in implementation of benefits programs to maintain competitiveness of company benefits
* Reviews and endorses for further approval of benefit propositions to help improve the company's attraction and retention of talents.
Performance Management
* Provides guidelines and works with the Talent team on performance management process; drives system design linked to business objectives; supports consistent implementation of the performance driven rewards that will support business goals & objectives
Qualifications, Knowledge, And Experience
Minimum:
* Minimum 5 years’ experience in a similar role of which at least 3 years working for a similar global business
* CIPD qualification preferred
Job Specific Skills:
* Experience of reviewing global organization structures and job descriptions for alignment and efficiency
* Ability to design grading structures for all locations
* Experience of conducting benchmarking for base pay, allowances, short term incentives and benefits
* Ability to design salary structures according to local regulatory, taxation and industry norms
* Familiarity with commonly used industry frameworks likes Hays
* Experience of using Korn Ferry Talent Hub and Pay systems
* Advanced level of data analysis and MS Office (Excel, Word, Power Point) skills
Behavioural Competencies
* Structured and analytical thinking with attention to details
* Good communication and influencing skills
* Ability to work with remote teams with different cultural backgrounds
* Self-starter with ability to deliver with minimum supervision
* Hands on approach
Does this sound interesting? We would love to hear from you. Our application process is quick and easy. Apply today!