Compensation Benefits Manager

Prax Group; Weybridge; On-site; GBP 40,000 - 80,000; Full time

Job summary

Join a forward-thinking company as a Compensation Benefits Manager, where you will play a pivotal role in shaping employee rewards across multiple territories. This position is ideal for an experienced HR professional with a passion for compensation and benefits, aiming to attract and retain top talent while ensuring compliance with current legislation. You will collaborate with senior stakeholders and third-party providers to develop innovative compensation strategies that align with the company's goals. If you are ready to make a significant impact in a dynamic environment, this is the opportunity for you.

Qualifications

• 4+ years of experience in a global HR function focusing on compensation & benefits.
• Demonstrable experience in international reward and benefits environments.

Responsibilities

• Define and implement competitive compensation and benefits packages.
• Conduct market analysis to ensure competitive positioning of rewards offerings.

Skills

HR Project Management

Analytical Skills

Problem-Solving Skills

Knowledge of Labour Regulations

Education

Bachelor's Degree in Human Resources or related field

Tools

HRIS Platforms

Benefits Administration Platforms

Job description

Compensation Benefits Manager

Location: Weybridge, GB, KT13 0JT

We are looking for an experienced HR Professional in Compensation and Benefits to help oversee and administer employee rewards and our move towards a smart benefits landscape. You will help assess reward & benefits across several Group companies globally and draft targeted programs that will increase performance, organisational trust, and satisfaction. The goal is to attract, retain, and motivate high-quality employees while reducing turnover and enhancing our company’s profile as the best place to work.

This is a great opportunity for an HR Professional who specializes in compensation & benefits and has over 4 years of experience within a global HR function with exposure up and down the energy value chain.

About Prax:

The Prax Group is a British multinational independent refining, storage, distribution, and sales conglomerate dealing in crude oil, petroleum products, and biofuels, headquartered in London. Our ability to deliver innovative customer solutions across the world has secured our reputation as a leading presence in the global energy market. Our mission is to conduct business responsibly, placing excellence, integrity, and philanthropy at the heart of everything we do.

Role Responsibilities

1. Work with senior stakeholders and third-party providers to define and implement a fair, equitable, and competitive total compensation and benefits package that fits and is aligned with our company’s strategy and business goals across multiple territories.
2. Develop relationships with external providers to maintain the online benefits system for company employees while migrating to a new platform.
3. Assist the HR Director in developing a consistent compensation philosophy in line with work culture and organisational objectives.
4. Collaborate with the M&A team to design fit-for-purpose reward packages for acquired employees in the UK and overseas.
5. Ensure that compensation practices are compliant with current legislation.
6. Undertake Gender Pay Gap reporting, providing data and insights.
7. Evaluate salary and labour market surveys to determine prevailing pay rates and benefits.
8. Deploy effective communication strategies linked to changes, developments, and improvements across the benefits landscape.
9. Lead financial analysis and modelling related to total compensation, including salaries, bonuses, and equity.
10. Conduct market analysis and benchmarking to ensure competitive positioning of our rewards offerings.
11. Deal with queries from employees, clients, advisers, colleagues, and product providers.
12. Process new joiners to pension schemes.
13. Update the database and ensure that client files are maintained.
14. Act as a subject matter expert on all aspects of rewards, staying up-to-date with industry trends and best practices.

Requirements

1. Demonstrable working experience in an international Reward and Benefits environment.
2. Experience of M&A and integrating new employees into a benefits-rich platform.
3. Extensive knowledge of HRIS and benefits administration platforms.
4. HR-related project management experience.
5. Prior experience in HR practices and the administration and management of employee benefits and claims.
6. Able to work with multiple and third parties to build competitive reward offerings.
7. Knowledge of current labour rules and regulations in the UK and beyond.
8. Familiarity with various types of incentives and benefits including pensions.
9. Excellent analytical and problem-solving skills.
10. Strong quantitative and analytical skills.