Head of Compensation and Benefits

3 weeks ago

London, Greater London, United Kingdom JSS Search Full time £100,000 - £125,000

Job Title: Head of Reward

Job Summary:

We are seeking a highly skilled and experienced Head of Reward to lead our compensation, benefits, and reward strategy. The successful candidate will be responsible for designing and implementing competitive reward programs that attract, motivate, and retain top talent.

Key Responsibilities:

Compensation Management:

  • Develop and implement a compensation strategy that aligns with business objectives and ensures competitiveness within the market.
  • Lead annual salary review processes, including market benchmarking, job evaluation, salary structures, and pay for performance.
  • Partner with business leaders and HR Business Partners to design custom compensation solutions that meet evolving business needs.
  • Lead salary planning, promotion, and market adjustment processes, ensuring transparency and fairness.

Benefits Management:

  • Design and manage competitive benefits programs that support the well-being of employees and their families.
  • Review and update benefit policies regularly to ensure market competitiveness and cost-effectiveness.
  • Partner with vendors and brokers to administer and enhance benefit offerings while negotiating best-value contracts.
  • Ensure benefit programs comply with relevant legal regulations and standards in all regions.
  • Lead the development and rollout of global benefits harmonization initiatives.
  • Ensure and monitor return on investment.

Reward Systems and Technology:

  • Oversee reward-related systems, including HRIS, compensation management tools, and other digital platforms that support reward and recognition programs.
  • Identify opportunities for technology enhancement to improve process efficiency and data accuracy across compensation and benefits operations.
  • Collaborate with the HR Technology team to maintain the integrity of compensation and benefits data in the system, ensuring alignment with company policies.

HR Analytics & Reporting:

  • Lead HR analytics efforts, providing data-driven insights to senior management on compensation, benefits, and reward trends.
  • Develop and maintain key reward metrics, such as total reward cost, pay equity, and retention, and dashboards to track and report performance against strategic objectives.
  • Partner with HR, finance, and business units to provide regular reports and ad-hoc analysis to support decision-making.
  • Ensure robust data governance practices are in place for all reward-related data.

Strategic Leadership & Governance:

  • Provide strategic guidance to leadership on compensation, benefits, and rewards best practices, ensuring alignment with the company's broader business strategy.
  • Partner with senior leadership and the HR team to design and implement company-wide reward communication strategies to improve employee understanding of compensation and benefits programs.
  • Develop and maintain global reward governance frameworks, ensuring consistent and compliant application across all regions.
  • Stay up-to-date with industry trends, legislative changes, and emerging practices in compensation and benefits.

Requirements:

  • Experience in compensation, benefits, or reward management roles, preferably within the professional services setting.
  • Strong knowledge of reward practices, job evaluation methodologies, and HR systems.
  • Excellent analytical skills with the ability to interpret complex data and provide actionable insights.
  • Experience working with HRIS and compensation management platforms.
  • Outstanding communication and influencing skills to engage and align key stakeholders.

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