Reward Manager
3 days ago
SF Recruitment have recently partnered with a growing business with sites across the UK, who are looking for a Reward Manager on a permanent basis.
This role is sat within a wider HR team, but is a standalone role within reward/benefits so previous management of this function is a necessity.
**Responsibilities will include**:
Role evaluation and benchmarking
- Assisting the wider HR team with reward activities arising from both larger scale organisation design and/or 'business as usual' which includes contributing to the evaluating and benchmarking of roles.
- Developing and maintaining governance of the job evaluation and job description library procedures and processes.
- Ensuring all evaluators, job evaluations and rationales are prepared to the required standard.
- Providing advice on reward policies and processes to the wider HR Team.
- Designing and developing reward tools, templates, guidelines and calculators to the HR team to facilitate informed and accurate reward decision making.
- Advising and communicating on best practice job description writing and business requirements required for job evaluation to increase process efficiency in order for the business to recruit roles.
Reporting and Modelling
- Providing detailed analysis, insights and reports on a regular basis, including preparation and coordination of reports for Remuneration Committee as required.
- Conducting pay modelling for group projects and initiatives as and when required, and advising on the cost implications of any proposals.
- On an annual basis providing analysis and proposals for the pay ranges for the annual pay review cycle.
- Modelling and reporting on the potential outcomes of bonus schemes and incentives.
- Reporting retrospectively on the impact of any pay or reward changes made.
Reward Cycle
- Supporting the delivery of annual reward calendar activities including the pay review, apprentice pay, salary range reviews by conducting research and providing detailed analysis.
- Administering the annual bonus scheme.
- Conducting annual review of any local pay strategies in place to ensure we remain competitive in the market place.
**Benefits**:
- Maintain an overview of the provision of benefits and maintain understanding and knowledge of local/national market practice in all geographies.
- Contribute to the design and lead the delivery of benefits communication and education.
- Work with the procurement manager on benefit renewals annually.
- Assess and implement new partnerships and account manage existing benefits providers
- Monitor and drive workforce engagement with rewards
Incentive Plans / Recognition
- Support the delivery of long-term and short-term incentive plans
- Support the delivery of the Company SAYE based recognition programme by managing the allocation of shares to eligible colleagues
Governance
- Ensuring local pay and reward arrangements remain consistent with Group practice.
- Maintaining accurate records detailing local pay arrangements
- Working with the relevant departments to ensure our pay and benefits offerings remain legally compliant
- Specialist technical knowledge of reward principles and techniques including job design and analysis, job evaluation, and participation in total reward benchmarking surveys.
- Ability to compile, integrate, analyse and present complex data in the most appropriate format and tone depending on the recipient.
- Strong technical competence in data analytics using Excel.
- Basic knowledge of employment law and the impact this can have on payroll.
- Experience of managing bonus or incentive schemes.
- Experience of managing several reward cycles.
- Knowledge and experience of working with LTIP and STIP.
- SAYE administration experience.
- Understanding and experience of working with HR systems.
- Highly organised individual, with strong focus on accuracy and attention to detail.
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