Reward and Payroll Specialist - London, United Kingdom - ELP

ELP

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Location:
Central London, hybrid

Purpose of this role:

We are seeking a talented individual to join our multinational Consumer Electronics client's dynamic team as a Reward and Payroll Specialist.

In this role, you will play a pivotal part in supporting HRBP to Reward and Payroll function across EMEA region in terms of design, review and implementation of Total Reward program, Benefit benchmarking and proceeding, Incentive review and adoption, International Payroll management and Compensation related cost monitoring.

Key Responsibilities:

Reward Management:

Implement and improve the company's reward practices and processes, ensuring compliance.
Manage the EMEA Pay Levelling methodology to maintain equitable compensation structures.
Support various incentive schemes, including Sales incentives, Annual bonuses, and Salary reviews.
Conduct annual benefit reviews, explore new benefits, and implement wellbeing programs.
Conduct regular market research for compensation benchmarking.
Process benefitrelated invoices and maintain strong relationships with suppliers.
Monitor the overall cost of benefits, reporting discrepancies and overbudget expenses to your line manager.
Assist in implementing Reward and Recognition initiatives, such as employment anniversary celebrations and the Employee of the Year award.

Payroll:

Monitor market trends to ensure competitive and relevant compensation offerings in alignment with our Pay Levelling structure.
Cultivate strong relationships with vendors and service providers, handling payrollrelated invoices.
Provide support and administration for payroll functions.
Manage expatriate and modify payroll processes and provide advice on tax rules.
Oversee the Labor Cost Tool process.
Ensure compliance with local regulations and legislated standards.

Requirements:

What You'll Need to Succeed:

24 years of international payroll experience, including knowledge of the UK and other European markets (desirable).
Excellent written and spoken English communication skills.
Previous experience in reward strategy, job grading, and incentive scheme management.
Advanced proficiency in Microsoft Excel.
Comfort and confidence with data, accompanied by strong analytical and research skills.
Ability to maintain confidentiality and handle sensitive information.
Excellent communication and interpersonal skills for effective stakeholder engagement.
High attention to detail and accuracy.
Understanding of compensation benchmarking and market research.
A strong desire to learn and advance within the Reward & Payroll function.