Reward Strategy Specialist
1 week ago
We are seeking an experienced Reward Strategy Specialist to join our HR team as a permanent member of staff. This role is based in Gloucester, with a flexible working arrangement that includes 3 days on-site and 2 days remote work per week.
The estimated salary for this position is between £45,000 - £50,000 per annum, depending on experience. A comprehensive benefits package, including private medical insurance, 25 days annual leave, monthly early finish, and pension contribution, will be provided.
About the Role:
This is a detail-oriented and knowledge-driven position that requires supporting the design, implementation, and management of reward strategies to attract, retain, and motivate top talent globally. You will collaborate closely with the HR team and key stakeholders to ensure compensation and benefits practices are competitive, equitable, and aligned with organisational objectives.
As a Reward Strategy Specialist, you will provide expert guidance on compensation, benefits, and recognition programs, leveraging data and market insights to deliver impactful recommendations.
- Compensation and Benefits:
- Develop and implement salary structures, incentive programs, and other compensation policies to support business objectives.
- Conduct benchmarking exercises and analyse market data to ensure competitive positioning in the industry.
- Provide guidance on job evaluations, salary reviews, and pay progression frameworks.
- Drive the preparation and implementation of variable pay schemes such as the Group Annual Bonus and other incentives.
- Collaborate with the Head of People Operations to facilitate annual benefits renewal processes across multiple countries.
- Reward Strategy Development:
- Contribute to designing and delivering reward initiatives that align with business objectives and employee engagement goals.
- Assist in creating bespoke reward solutions for different teams and functions within the organisation.
- Monitor and evaluate the effectiveness of reward programs, recommending improvements where necessary.
- Data Analysis and Reporting:
- Analyse reward data and metrics to provide actionable insights to senior management.
- Maintain accurate records and ensure compliance with relevant regulations and reporting requirements.
- Employee Communication and Education:
- Act as the point of contact for employees and managers on reward-related queries.
- Develop and deliver clear communication materials to educate employees about compensation and benefits programs.
- Partner with HR and internal communications teams to promote understanding and engagement with reward initiatives.
- Compliance and Governance:
- Ensure all reward programs comply with legal and regulatory requirements.
- Monitor changes in employment laws and market trends to adapt reward strategies accordingly.
- Work with external vendors and consultants to ensure smooth delivery of benefits programs.
- Team Management:
- Provide effective line management, coaching, and development to direct reports.
Required Skills and Qualifications:
- Experience in compensation, benefits, or reward roles, with UK knowledge essential and international experience desirable.
- Knowledge of general reward practices, market benchmarking tools, and job evaluation methodologies.
- Proficiency in HR systems and data analysis tools, such as Excel and HRIS platforms.
- Understanding of employment laws and regulations related to compensation and benefits.
- Excellent analytical skills, problem-solving abilities, and attention to detail.
- Strong communication and stakeholder management skills.
- Able to interpret complex data sets and apply strategic thinking.
- Ability to maintain confidentiality and handle sensitive information ethically.
- Commitment to promoting equity, diversity, and inclusion in reward practices.
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