Compensation And Benefits Specialist in London

Location: London
Salary: £45,000 per year
Recruiter: National Grid
Job Hours: Full-time

Start your application for this job today

Apply Now

About the role

Compensation & Benefits Specialist - 12 Months Fixed Term Contract

London/Warwick - Hybrid/Flexible working

The role focuses on the design, implementation, and communication of National Grid’s compensation programme such as the salary, Annual Performance Plan (APP) and the Long-Term Performance Plan (LTPP) process as well as the company’s recognition program.
The role would support the global compensation manager in delivering these key processes and implementing policy and process improvement activities and ad hoc project work.

What you'll do

  • Support the ongoing design, implementation and improvement of the global compensation program
  • Act as a trusted advisor to People Partners and internal stakeholders through providing best practice insights on global compensation to inform business decision making. This includes engaging with key stakeholder to ensure the compensation framework is relevant, understood and valued. 
  • Create an effective communication strategy for all global compensation policies and processes to ensure they are fully understood, appreciated and are reaching the right audiences through: Acting as the PMO for all reward-related communications; and Speaking to different stakeholders to understand what the best form of communication is; and Raising colleague understanding and awareness of the different elements of the global compensation framework through developing user friendly/easy to understand documents and collateral (such as videos and demos).
  • Support in streamlining the Annual Performance Plan (annual bonus) for National Grid through developing a new target setting and end of year announcement process
  • Support the team in creating global compensation policy documentation which outlines the role and responsibilities, the process and key deliverables
  • Support the team on annual compensation cycle process through checking tools are fit for purpose and right inputs have flown through the system
  • Interpret legislation and tax rules regulating global compensation to ensure all policies and processes are implemented in a legally compliant manner
  • About you

    Technical Capabilities (Knowledge, Skill, Experience):

  • Between 3+ years of experience in global compensation 
  • Strong knowledge in the global compensation landscape which requires an awareness of diverse practices, precedents, insights and/or sophisticated concepts and principles
  • Advanced excel skills and experience drawing appropriate conclusions from data analysis to enhance decision making for reports and presentations 
  • Ability to confidently build relationships with senior stakeholders
  • Strong written and verbal skills particularly related to global compensation 
  • Holds external qualifications (desirable)
  • Good knowledge of Successfactors (desirable)
  • Strong networking and collaboration skills.
  • Strong results orientation.
  • Strong written and verbal communication skills.
  • What you'll get

    A competitive salary between £45,000 –£55,000 – dependent on capability


    As well as your base salary, you will receive a bonus based on personal and company performance and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%. You will also have access to a number of flexible benefits such as a share incentive plan, salary sacrifice car and technology schemes, support via employee assistance lines and matched charity giving to name a few.

    Abous Us

    National Grid touches the lives of almost everyone, with an energy network that stretches across the Atlantic. We’re an international team, and our work underpins the lives of millions of people. Feet forwards, head up, and eyes bright, we’re working hard to create value for people today – and shape the future of energy tomorrow.

    In the UK, we don’t generate or sell energy – we join the dots to get energy from A to B. From making a cup of tea in the morning, to keeping the lights on in hospitals, our electricity network puts power in the hands of people. Without it, the world as we know it would grind to a halt.

    The world of energy is changing beyond recognition. Working at National Grid, you won’t just be touching the lives of almost everyone in the UK – you’ll be shaping the way we use and consume energy for generations to come. 

    Our values and principles 

    At National Grid, through listening to what our customers need, every day we do the right thing and find a better way.

    As a National Grid employee, you’ll treat our customers as a priority, taking time to listen and work with them to help give them the best experience we possibly can. You’ll need to be proactive and flexible in your approach and continually look for ways to exceed their expectations – sometimes in unexpected and helpful ways. You’ll provide accessible information when our customers need it and make things simple by using your expertise to guide them. Above all, you’ll follow through on your promises to deliver value, drive efficiency and give them a great customer experience.

    We offer inclusion and diversity training for everyone here at National Grid, with a view to building an inclusive working environment and developing all our employees. Training opportunities range from unconscious bias and reverse mentoring to targeted training initiatives which are tailored to support our diverse and innovative work force.

    More Information

    At National Grid, we work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office.

    Our goal is to drive, develop and operate our business in a way that results in a more inclusive culture. All employment is decided on the basis of qualifications, the innovation from diverse teams & perspectives and business need. We are committed to building a workforce so we can represent the communities we serve and have a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.

    The closing date for this vacancy is 5th July. However, we encourage candidates to submit their applications as early as possible and not to wait until the published closing date. National Grid’s recruitment periods can and may vary. We reserve the right to remove this advert or close it to further applications at any point during the recruitment process.

    #LI-AZ1

    #LI-HYBRID


    About National Grid


    Connecting millions of people to the energy they use every day, while continually seeking ways to make the energy system clean, fair, and affordable.

    National Grid lies at the heart of a transforming energy system. Our business areas play a vital role in connecting millions of people to the energy they use, while continually seeking ways to make the energy system cleaner. National Grid Ventures and National Grid Partners also enable innovations to help revolutionise and decarbonise the future of energy.

    About London,

    Population: 8,799,774 Train Stations: 333

    Education Stats

    • Schools: 5659
      • Primary Schools: 3557
      • Secondary Schools: 1393
      • Sixth Forms: 795
    • 17% are independent
    • Ranking: 1/9
    • Top 20%

    House Prices

    • Average House Price: £773,961
    • Compared to UK Average: +£399,319
    • -
    • -
    • -
    • Ranking: 1/9
    • Top 20%
    • -

    Average Salary

    Crime Stats

    • Crimes per 1000: 121
    • -
    • -
    • -
    • -
    • Ranking: 7/9
    • Bottom 40%
    • Worse than last year

    The best places to find the most Compensation And Benefits Specialist jobs

    Average salary comparison

    Job salary over time

    Salaries by job level

    Salary across the UK

    Useful Resources:

    CV template for a Compensation And Benefits Specialist

    View Now
    CV template for a Compensation And Benefits Specialist

    Glassdoor Company Reviews

    Search