Compensation and Benefits Manager
2 days ago
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Compensation and Benefits Manager, Dublin, Ireland
Mercury is the European leader in construction solutions.
We build and manage complex engineering & construction projects for the world’s leading corporations. Our solutions help deliver technologies and life-changing advancements that connect people, communities, and businesses, giving them the power to achieve incredible things. Our people have the courage to be innovative. Their determination and sharp focus enable us to deliver with certainty, time and time again.
We deliver our clients’ visions through leading-edge construction solutions across multiple sectors, including: Enterprise Data Centres, Advanced Technology & Life Sciences, Hyperscale Data Centres, and Fire Protection.
At Mercury, it is our duty to encourage and back our people to realise their vision of themselves. We place them at the heart of what we do, providing challenging opportunities to develop within a great team in a supportive environment that allows them to reach their full potential.
Scope of the Role:
The Compensation & Benefits/Reward Manager is crucial for our organisation. This role offers a unique opportunity to shape and deliver exceptional compensation, benefits, and reward strategies that drive employee satisfaction, retention, and organisational success. You will lead the full cycle of development and execution of these strategies, ensuring alignment with the organisation’s strategic goals.
Reporting to our Head of HR Operations, this role will be based in our Head Office in Sandyford, Dublin. Hybrid working model - 4 days in the office, 1 day working from home per week.
Key Responsibilities:
Compensation, Benefits & Reward Strategic Planning & Management
1. Lead the development and execution of compensation, benefit, and reward strategies, managing initiatives from start to finish, including timelines, budgets, and stakeholder expectations.
2. Establish and maintain the Annual C&B Business Plan and manage its implementation in line with budget.
3. Provide strategic recommendations to the Remuneration Committee and Strategic Leadership Team.
4. Partner with HRBPs and business leadership to understand organisational change requirements and align strategies with strategic plans.
5. Procure and manage external vendors.
Annual Reward Cycle Process
1. Lead the annual reward cycle, including salary and total compensation reviews, bonus plans, out-of-cycle compensation requests, and market benchmarking.
2. Maintain compensation, benefits, and reward information in the HRIS system (Success Factors).
3. Ensure initiatives are competitive, sustainable, and scalable based on market assessments and business strategy.
4. Collaborate with HR Business Partners and HR Operations to achieve results and drive solutions.
5. Develop and maintain a Compensation, Benefits, and Reward cycle matrix, considering Collective Bargaining Agreements and legislative requirements.
6. Analyse compensation policies, government regulations, and wage rates to ensure a competitive compensation plan.
7. Participate in compensation surveys and assess market trends and their impact on the company.
8. Drive continuous improvement in compensation and benefits processes through innovation and collaboration.
9. Ensure that internal SOPs and policy documentation are developed and maintained.
Pay & Job Grade System
1. Support and maintain the pay grade and job grade system, ensuring alignment with the company’s strategy.
2. Conduct job evaluations, recommend pay grades, and oversee compensation data analysis and reporting.
3. Collaborate with stakeholders to explain the job grading structure for existing staff and recruitment efforts.
4. Test the job structure against existing compensation and benefits, highlight outliers, and provide recommendations.
5. Develop the pay grade and job structure systems to align with strategic goals.
6. Ensure that internal SOPs and policy documentation are developed and maintained.
Benefits Administration
1. Manage benefit plans, including onboarding for new hires, day-to-day operations, governance activities, and annual renewals of medical, dental, life, and disability plans.
2. Evaluate and recommend improvements to benefits offerings through benchmarking and market analysis.
3. Ensure that internal SOPs and policy documentation are developed and maintained.
Communications & Collaboration
1. Collaborate with HR Business Partners and HR Operations to support the colleague life cycle and foster an inclusive culture.
2. Act as a trusted advisor on compensation and benefits matters, providing solutions and ensuring timely resolution.
3. Develop and promote employee communications through various channels.
4. Coach and support HR Business Partners in executing compensation, recognition, and benefits policies.
5. Collaborate with HRBP and TA Teams to develop job descriptions, competencies, and classification systems.
Statutory Compensation & Benefits Reporting
1. Ensure compliance with statutory reporting such as but not limited to Gender Pay Gap Reporting, EU Pay Transparency.
2. Adhere to the Gender Pay Gap Report publishing timeframes for each in-scope jurisdiction.
3. Create Gender Pay Gap Report Templates and work with the team to develop finalised reports for publication.
4. Ensure that internal SOPs and policy documentation are developed and maintained.
Minimum Qualifications:
- Bachelor's degree or equivalent, with a focus on HR or a related field.
- Extensive experience in developing compensation, benefit, and reward models, benchmarking, and crafting competitive total reward packages.
- Experience in a similar role within a large, complex multinational organisation or a major remuneration consulting firm is preferred.
- Expertise in compensation, benefits, and reward management across all organisational levels.
- Strong knowledge of job evaluation and job analysis systems and best practices.
- Strong commercial acumen, with the ability to analyse data and manage complex projects effectively.
- Proven ability to engage and influence senior management with confidence.
- High proficiency in HRIS (ideally SuccessFactors) and MS Office Excel.
- Excellent quantitative, analytical, communication, and influencing skills.
Mercury is an equal opportunities employer.
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