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Head of Reward Strategy

1 month 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 experienced and strategic Head of Reward to lead our compensation, benefits, and reward systems. The successful candidate will develop and implement a competitive reward strategy, ensuring alignment with our business objectives and compliance with relevant regulations.

Key Responsibilities:

Compensation Management:

  • Design and implement a compensation strategy that attracts and retains top talent, while ensuring competitiveness within the market.
  • Lead annual salary review processes, including market benchmarking, job evaluation, 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.
  • 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 our 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: Demonstrable 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.