Our client is currently recruiting for the position of Reward Specialist, based in Aberdeen. This has been released on a long term PAYE contract.
Responsibilities:
Strategy
* Develop and implement compensation and benefit strategies aligned with company’s goals and competitive market practice in the UK, making proposals to HR leadership for consideration as required.
* Conduct regular benchmarking analysis to assess the competitiveness of compensation and benefit programs ensuring alignment with market trends and best practice, making proposals to HR leadership for consideration as required.
Compensation
* Manage the annual salary review process, including salary structure reviews, merit increases and bonus calculations in compliance with UK regulations and internal guidelines.
* Review and analyse compensation data, identifying trends and making recommendations for adjustments or enhancements to compensation programs.
* As the employee rewards subject matter expert, you will enforce and maintain reward & pension process controls, and legislative requirements.
* Review, monitor and develop reward related policies and associated procedures to ensure they are fully embedded and understood within the business.
* Partner with HR to determine appropriate salary offers for new hires and internal promotions, considering internal equity and external market data.
* Focal point within Compensation for matters relating to Trade Union negotiations, analysing market data and preparing recommendations for HR & Management review to support the pay negotiations.
Benefits
* Manage employee benefit programs, including pension schemes, health care plans and other employee benefits ensuring compliance with regulatory requirements and market competitiveness.
* Manage external suppliers and broker renewals, with the support of Supply Chain, where appropriate
* Lead the delivery of the annual benefits cycle, maximising engagement with benefits consistently throughout the year
* In collaboration with our benefits intermediary, explore, evaluate and recommend opportunities that ensure our employee benefits offering is fit for purpose and provides maximum return for budget. Make proposals to HR leadership as required
* Perform job evaluations and work in partnership with the HRBP team to ensure the business understands the value of the process to role within the organisation
Other
* Drive process improvement (simplification and elimination), automation to improve efficiency and accuracy
* Adhoc reporting as required (e.g. accruals for finance, data analysis for Senior leadership)
Experience & Qualifications:
* Graduate and CIPD qualifications with proven experience as a Compensation and Benefits Specialist or similar role, with expertise in UK compensation and benefit practices.
* Strong understanding of compensation practices, including salary benchmarking, job evaluation and pay structure design.
* Experience in managing benefits programs including pension schemes, health care plans and voluntary benefits.
* Proficiency in using compensation and benefits survey data and analytical tools.
* Excellent analytical and problem-solving skills with the ability to interpret and analyse complex compensation and benefits data.
* Strong project management skills to manage multiple tasks, priorities and deadlines.
* Proficiency in using MS Office applications, particularly excel for data analysis and reporting.
* Continuous learning mindset to stay updated with changes in compensation and benefit practices, laws and regulations.
* Previous experience with Workday.