Compensation & Benefits Specialist

Compensation & Benefits Specialist – Iberia (Spain & Portugal) - Based in Madrid We are seeking a Compensation & Benefits Specialist to join our Iberia HR team, supporting Spain and Portugal within a dynamic, international environment. This role sits at the core of our reward governance and people strategy, ensuring our compensation and benefits frameworks are competitive, equitable, compliant, and aligned with both local market realities and broader European standards. You will act as a key advisor in Iberia for compensation cycles, pay equity, benefits strategy, and reward analytics, working in close partnership with HR, Finance, Legal, Payroll, and our European Reward team. With a dual reporting line to the HR Director Iberia and the Senior Director Compensation & Benefits EMEA, you'll gain valuable international exposure while helping deliver fair, competitive and data-driven reward practices across the region. The role In this position, you will contribute to the design, governance, and execution of our reward agenda across Iberia, with exposure to both operational delivery and strategic decision-making. Key areas of impact include: Leading and supporting annual compensation cycles (salary review, bonus, and incentives) across Spain and Portugal Driving pay equity analysis and supporting gender pay gap and EU pay transparency readiness Contributing to the design and maintenance of job architecture, grading structures, and salary frameworks Delivering compensation benchmarking and market analysis, leveraging Mercer methodologies Overseeing benefits administration and supporting optimization of the Iberia benefits offering Developing reward analytics, dashboards, and insights to support leadership decision-making Ensuring robust governance, compliance, and consistency across all reward processes What you bring 5+ years of experience in Compensation & Benefits, Reward, HR Operations, HR Controlling, Payroll, or HR Analytics Strong analytical capability with advanced Excel and data interpretation skills Proven experience in annual compensation processes, benchmarking, and benefits management Solid understanding of the Spanish reward market (Portugal exposure is an advantage) Experience working in multinational or matrix environments with multiple stakeholders Exposure to Mercer compensation frameworks highly valued Familiarity with pay equity tools such as Syndio is a strong plus Ability to translate complex reward data into clear, business-relevant insights Why this role matters This is a high-impact role within the Iberia HR function, where you will directly influence pay fairness, reward transparency, and compensation governance . Your work will contribute to shaping how we attract, retain, and reward talent across Spain and Portugal, with increasing relevance in the context of evolving EU pay transparency regulations. What we offer €35,000 gross annual salary €3,500 annual bonus Hybrid working model (50%): alternating one week working from home and one week in the office in Madrid Full Henry Schein Iberia benefits package, including: Flexible benefits framework Access to Sanitas private health insurance through our flexible compensation plan Employee wellbeing initiatives and support programs Hybrid and flexible working approach Summer working schedule: 08:00–15:00 (July & August) 24 working days of annual leave Additional company days off: December 24th and December 31st Birthday day off as an additional paid leave day ​ Languages Fluent Spanish and English required. Portuguese is an advantage, but not required. Diversity, Equity & Inclusion Henry Schein is committed to building a diverse, inclusive, and equitable workplace where everyone feels valued and empowered to contribute. We welcome applications from all qualified candidates regardless of gender, age, nationality, disability, sexual orientation, gender identity, religion, or any other protected characteristic. We believe that diverse perspectives strengthen our teams and drive better decisions, innovation, and business outcomes. We sincerely appreciate your interest in joining our team. We value each application and dedicate the necessary time to review them carefully. If you do not receive a response from us within 15 days of submitting your application, unfortunately, you have not been selected to move forward in the selection process at this time. We encourage you to continue exploring new opportunities within our company and once again express our gratitude for considering Henry Schein as the next step in your career. Thank you very much, and we wish you the best of luck in your professional search! At Henry Schein Schmidt, we promote a diverse and inclusive work environment. We are committed to providing equal opportunities to all qualified applicants, regardless of their ethnic background, gender, religion, sexual orientation, disability, age, or any other characteristic protected by law.