A DAY IN THE LIFE OF A COMPENSATION AND BENEFITS MANAGER
If you’re considering working as a compensation and benefits manager, it could involve developing, implementing and administering an organisation’s rewards and benefit policies, and could cover everything from salaries to pensions, from relocation packages to life assurance. This is according to Hays Human Resources, part of the leading specialist recruitment consultancy, Hays Plc.
The demands of the job are high, but it is one that offers variety and an opportunity to influence at all levels of an organisation. Experienced Reward specialists have the ability to evaluate an organisation’s pay and benefits against the local market to assists with competitiveness and recruitment/retention strategy.
Knowledge of outsourcing options, Industrial Tribunal procedures, disciplinary and grievance policies and the ability to attract and retain key staff from different industry sectors with different payment schemes is key to success.
No two days are the same either. You could find yourself developing a strategy for flexible benefits one day then advising on retention policy the next. Your role might cover many thousands of employees, and in that case you are likely to find yourself administering a sizeable budget – multi-millions, in some cases - so you would need excellent attention to detail.
In larger companies there could be specialist managers who deal with only one aspect of compensation and benefits work, such as the salary structure, company pension scheme or payroll. In other organisations, the role may cover all areas.
Many compensation and benefits managers have backgrounds in accountancy, finance or reward consultancy. Others develop from within a generalist HR environment. In all cases, communication skills are important as you could be negotiating with union representatives one day and helping to address personnel problems the next.
For hundreds of HR roles nationwide, specialist and generalist, visit www.hays.com/hr
Note to Editor
Hays Human Resources is the UK’s leading HR recruitment consultancy. Since launching in 2001, Hays Human Resources has established a network of 25 regional offices employing over 90 dedicated consultants, with unrivalled experience and expertise in recruiting HR professionals into generalist and specialist positions. Hays Human Resources has dedicated teams focused on interim and permanent recruitment within industry and public services organisations.
Hays Human Resources is a subdivision of Hays Plc, the FTSE 250 Company which employs 7,753 staff operating from 376 offices in 25 countries across 17 specialisms. Hays Plc placed circa 68,000 candidates into permanent jobs and paid circa 46,000 temporary workers weekly during the year ending 30 June 07.
For further press information please contact:
Gill Alexander
The Smarter Consultancy
t: 0560 127 5383
e: gill@smarterconsultancy.co.uk
