Director of Compensation and Benefits

4 weeks ago

Milton Keynes, Milton Keynes, United Kingdom Connells Group HQ Full time
Job Description

The Group Director of Reward is a key role within the Connells Group HQ, responsible for developing and executing the overall reward strategy. This involves a deep understanding of compensation, benefits, and incentive schemes, as well as expertise in National Minimum Wage (NMW) legislation.

Key Responsibilities
  • Work closely with senior leadership and People teams to ensure reward practices are aligned with the Group's objectives, compliant with all relevant regulations, and competitive within the market.
  • Develop and implement a remuneration strategy that supports the attraction and retention of talent, while driving consistency across the Group.
  • Support the Chief People Officer with Remuneration Committee and Executive Committee meetings, proposing agenda items, preparing reports, proposals, and accurate information.
  • Ensure the Connells Group meets or exceeds its obligations as required by regulation, legislation, and business strategy.
  • Lead and oversee the annual pay review and bonus process, recommending increases based on budget, internal and external indicators, and engaging key stakeholders.
  • Continually review the external market for relevant trends and comparisons, making recommendations for change where appropriate.
  • Oversee all benefit renewals in a timely manner and within agreed budget, negotiating with suppliers and establishing the best deal possible for employees and the business.
  • Select and manage all benefit accounts and providers within agreed budgets and SLAs, carrying out tendering and retendering processes in conjunction with Procurement and Legal functions.
  • Ensure reward policies and processes support the diversity and inclusion agenda, including conducting Equal Pay audits and preparation of mandatory reporting data.
  • Share best practice and business intelligence with the wider People team.
  • Act as an internal advisor/specialist on all projects/initiatives with a reward impact.
  • Lead and develop a team of reward professionals, providing guidance and support to ensure high levels of performance and continuous development.
Requirements
  • Prior experience in a senior reward role, ideally in a regulated or complex Group environment.
  • Previous experience of leading a team of experts/professionals.
  • Experience in preparing reports and proposals for Remuneration or Executive Committees.
  • CIPD qualified, with chartered status or equivalent experience.
  • Ability to drive change with effective project and stakeholder management skills.
  • Proactive and customer-centric approach.
  • Ability to communicate highly complex information, adapting style to suit audience.
  • Confident to challenge with confidence at all levels.
  • Strong knowledge of National Minimum Wage legislation and its application within a business context.
  • High degree of understanding of pay structures, legislative and regulatory issues affecting reward.
  • Good knowledge of employee benefits market.
  • Maintain professional and technical knowledge by attending educational workshops, reviewing professional publications, and establishing personal networks.

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