Compensation & Benefits Manager

Think Specialist Recruitment; Greater London; On-site; GBP 80,000 - 110,000; Full time

Job summary

Think Specialist Recruitment is working with a highly respected London organisation on an interim assignment for a Compensation & Benefits Manager who can quickly benchmark the reward proposition against the market and translate insight into practical, commercially sound recommendations.

This role covers reward, benefits, total reward, salary structures and bonus design, with the opportunity to influence future strategy by presenting clear recommendations to senior stakeholders.

Qualifications

• Senior reward experience across commercially focused organisations.
• Strong experience across benefits, total reward, salary structures/banding and bonus design.
• Experience undertaking a reward or benefits review and benchmarking against the external market.
• Strong commercial and analytical capability to turn data into recommendations.
• Excellent stakeholder management and influencing skills with senior leaders.
• Ability to simplify complex reward issues and communicate clearly.
• Experience negotiating with benefit providers and suppliers.
• Strong systems and data capability.

Responsibilities

• Review and benchmark the current reward proposition and make recommendations.
• Strengthen family-friendly benefits and overall offering.
• Progress Total Reward Statements work and salary banding initiatives.
• Develop evidence-based approaches to salary bands across business areas.
• Support the design of bonus framework and performance elements.
• Collaborate with pensions and HR teams to align and communicate rewards.
• Identify savings opportunities and improvements across reward offerings.
• Engage with benefit providers and suppliers on commercial terms.
• Present clear recommendations, options, risks and implementation considerations to senior stakeholders.

Skills

Senior reward experience

Benefits and total reward

Salary structures and banding

Bonus design

Stakeholder management

Data analysis

Commercial acumen

Vendor management

Systems and data capability

Job description

We are working with a highly respected organisation in London on an interim assignment for an experienced Compensation & Benefits Manager who can quickly understand an established reward proposition, benchmark it against the market and turn insight into practical, commercially sound recommendations.

This is a high-impact role with company-wide scope, covering reward, benefits, total reward, salary structures and bonus design. It's an opportunity to step into an organisation where your expertise will genuinely influence the future reward strategy.

The role

You'll take a broad view of the existing reward and benefits proposition, identifying where there are opportunities to improve:

• Market competitiveness and colleague value
• Cost effectiveness and efficiency
• Benefits and family-friendly provisions
• Total reward communication
• Salary structures and banding
• Performance-related reward and bonus design

You'll work closely with senior HR, Finance and business stakeholders, providing clear, evidence-based recommendations and supporting the organisation through implementation.

What you'll be doing

You’ll be responsible for a number of key priorities, including:

• Reviewing and benchmarking the current benefits proposition and making recommendations for improvement.
• Reviewing family-friendly benefits and identifying opportunities to strengthen the overall offering.
• Taking forward existing work around Total Reward Statements.
• Developing an evidence-based approach to salary banding across a key area of the business.
• Supporting the design of an individual performance element within the annual bonus framework.
• Working closely with pensions and wider HR teams to ensure reward propositions are aligned and effectively communicated.
• Identifying opportunities for savings, efficiencies and improvements across the reward offering.
• Working with benefit providers and suppliers, including commercial discussions where appropriate.
• Presenting clear recommendations, options, risks and implementation considerations to senior stakeholders.

About you

We're looking for an experienced Reward professional who can hit the ground running and has operated across a broad reward remit rather than specialising in one area.

You’ll ideally bring:

• Senior reward experience within commercially focused organisations.
• Strong experience across benefits, total reward, salary structures/banding and bonus design.
• Previous experience undertaking a reward or benefits review and benchmarking proposition against the external market.
• Strong commercial and analytical capability, with the ability to turn data into clear recommendations.
• Excellent stakeholder management and influencing skills, with the confidence to operate with senior HR, Finance and business leaders.
• The ability to simplify complex reward issues and communicate them clearly to different audiences.
• Experience managing or negotiating with benefit providers and suppliers.
• Strong systems and data capability

The credibility, pace and pragmatism to make an immediate impact in an interim environment.Most importantly, you'll be someone who can join an organisation, quickly understand what is already in place, see the bigger picture and identify what needs to be changed, balancing colleague value, market competitiveness, affordability and simplicity.

Why this opportunity?

This is not simply a BAU Benefits and Reward role.

You’ll have the opportunity to review, challenge and shape an established reward proposition, working closely with senior stakeholders and influencing a number of important reward priorities across the organisation.

If you're an experienced Reward professional who enjoys getting under the skin of a business, finding opportunities and turning analysis into action, this could be an excellent interim assignment.

Think Human Resources is the HR division of Think Specialist Recruitment, an independently owned recruitment business. The HR division is responsible for recruiting permanent, temporary and contract roles within the field of Human Resources including; HR Administrator, HR Assistant, HR Advisor, HR Business Partner, HR Manager, Head of HR, Employee Relations, talent, internal recruitment, Learning and Development, Compensation and Benefits/Reward and Recognition