Performance and Reward Specialist

This is an exciting opportunity to work in the Performance & Reward team within our People Function. Working in Performance & Reward we are responsible for the design, development, and execution of performance, compensation, and benefits propositions that reward, recognise and support high performing and purpose-driven people.

At the heart of this strategy and insight are our 15 million customers, who are at the forefront of every decision we make as a business. Every role, no matter its accountabilities, is customer focused.

We are happy to consider flexible working approaches to help you perform at your best. The working hours (per week) for this role can be between 28 and 35.

At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, based at either our London or Swindon office. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here.

If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.

What you’ll be doing

You will be a confident and skilled performance and reward specialist. You will be passionate about designing and implementing performance and reward frameworks to drive high performance and engagement.

The role will report to the Head of Performance & Reward and will ensure full alignment to the direction and strategy of our ambitious roadmap that makes Nationwide a great place to work.

The main role duties include:

• Planning and overseeing the effective and prompt delivery of people-related proposition and ad-hoc activities (e.g. annual pay awards, annual performance pay, benchmarking and market data, job evaluation, Material Risk Taker (MRT) assessments as required).
• Contribute to the design and implementation of market leading propositions including development of engaging communications to raise employee awareness and drive engagement.
• Participate in and, when suitable, lead projects and business change programs, offering expertise and challenging the status quo while ensuring ongoing improvement.
• Conduct research, analysis, and data modelling to understand and interpret insights regarding the preferences and interests of the respective population, informing strategy, recommendations, and decision-making.
• Serve as a trusted advisor by providing specialised advice and guidance to relevant stakeholders. Be recognized as an expert, offering challenges, feedback, and valuable insights to ensure sustainable solutions.
• Organisation and development of papers, and management information for Governance Committees, Board(s), and Regulatory reporting as needed, including provision of consultancy services and data management beyond your immediate expertise.
• Delivery of effective and proportionate compliance and regulatory requirements, supporting governance of Society Reward and pay frameworks and promote accountability to guide the team's decision-making.

About you

As a minimum, you will have:

• Broad HR experience within areas such as Performance and/or Compensation and Benefits acquired from working in large, complex organisations with multiple stakeholders.
• Experience in functioning within a business partner framework, collaborating with leaders to achieve effective business results.
• A proven track record of aiding in the design and execution of HR propositions, frameworks, and strategies.
• Exceptional analytical capabilities, coupled with the proficiency to leverage insights for challenging and guiding decisions, as well as securing consensus on plans.
• Exceptional written communication with experience of developing formal presentations /papers and engaging communications.
• Exhibited interpersonal skills, along with experience of effectively challenging and influencing various stakeholders through well-thought-out interventions.
• Solid business and commercial skills, along with experience in crafting compelling business cases.

Our Customer First behaviours are all about putting customers and members at the heart of how we work together. You can strengthen your application by showing the behaviours that resonate with you, and how you might have already demonstrated these.

• Say it straight - This is about being honest and direct with good intent and saying what needs to be said in the room. It’s also about being clear, precise, and using language that we and, importantly, our customers and members can understand.
• Push for better - This is about aiming high and constantly looking for better in how we work together and serve our customers and members.
• Get it done - This is about prioritising what will have the greatest impact, being decisive and taking accountability for delivering on the end-to-end outcome.

We know applying for jobs can sometimes feel like you’re sending an application into a black hole.

We review each application individually. So, it’s a good idea to call out your most relevant experience on your application to give yourself the best chance.

The extras you’ll get

There are all sorts of employee benefits available at Nationwide, including:

• A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
• Up to 2 days of paid volunteering a year
• Life assurance worth 8x your salary
• A great selection of additional benefits through our salary sacrifice scheme
• Wellhub – Access to a range of free and paid options for health and wellness.
• Access to an annual performance related bonus
• Access to training to help you develop and progress your career
• 25 days holiday, pro rata

What makes us different

Nationwide is the world’s largest building society. With over 15 million customers, we have a relationship with almost a quarter of the UK’s population. We’ve got the scale to compete with the big banks, but we’re not a bank.

As a building society, we’re owned by our members – that’s our customers who have their current account, mortgage or savings with us. It means we can do things differently to deliver our Purpose – Banking – but fairer, more rewarding, and for the good of society.

When you work at Nationwide, you can experience that difference for yourself. You’ll be part of a high-performing, purpose-driven organisation that offers rewarding career experiences and a highly competitive range of benefits to match. You’ll also be joining us at an important time as we seek to reach more and more people in the UK. We want everyone in the UK to know that they don’t have to bank with a bank. They can choose a modern mutual instead.

What to do next

If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up-to-date CV and answer a few quick questions for us.

We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.