Global Head of Total Reward

Job DescriptionWe are an organisation that exists to drive progress. That's the “red thread” that connects everyone at The Economist Group (TEG). Our businesses share a devotion to innovation, independence and rigour in their fields of expertise. We empower people to understand and tackle the critical challenges and changes facing the world. Our analytical rigour, global expertise and evidence-based insights enable individuals and organisations to make sense of these shifts and chart a course through them.We deliver analysis and insights in many formats to subscribers and clients in 170 countries through our four businesses, The Economist, Economist Impact, Economist Intelligence and Economist Education, which uphold our global reputation for excellence and integrity.The RoleIn this role you will be responsible for overseeing all aspects of compensation, benefits, and reward programs for the TEG Colleagues. You will play a crucial role in designing and implementing competitive total rewards strategies, fostering a positive employee experience, and supporting the company's talent retention and attraction efforts.Key ResponsibilitiesDevelop and execute a comprehensive total rewards strategy that aligns with the organisation's business goals , values, and competitive positioning in the market.Analyse market trends and benchmarks to ensure that compensation and benefits packages remain competitive.Compensation Management:Lead the design, implementation, and administration of the company's compensation programs, including base salary, incentives, and equity plans.Ensure that compensation practices comply with applicable laws and regulations.Benefits and Well-being:Oversee the management and administration of employee benefits programs, such as health insurance, retirement plans, and wellness initiatives.Evaluate and recommend improvements to the benefits offering to enhance the employee satisfaction and retentionPerformance and Recognition:Develop and manage performance recognition and reward programs to motivate and engage employees.Collaborate with HR business partners to ensure that reward initiatives are integrated with performance management processes.Data Analysis and Reporting:Utilize data analytics to assess the effectiveness of reward programs and make data-driven recommendations for enhancements.Prepare and present reports to senior leadership on compensation and benefits trends and initiatives.Compliance and Communication:Stay up-to-date with legislation and regulations related to compensation and benefits, ensuring the company's compliance.Communicate changes and updates in compensation and benefits programs to employees effectively.Statutory Compliance:Monitor changes in legislation related to compensation practices.Conduct audits, including Gender & Ethnicity Pay Gap reporting, Equal pay, Minimum wage, and Living wage accreditation.Reward and Recognition:Assist in designing Executive Management discretionary bonus arrangements.Provide guidance on bonus design for relevant teams.Explore new ways to reward and recognize employees, supported by ROI analysis.Budgeting and Forecasting:Collaborate with P&OD and Finance to budget and forecast reward and recognition costs.Ensure accuracy of staffing budget records related to RemCo decisions.Skills and ExperienceA proven track record in developing and implementing innovative compensation and benefits program, with at least 10 years in a leadership roleProven track record of developing and implementing comprehensive total rewards strategies aligned with business goalsIn-depth knowledge of compensation program design, including base salary structures, incentives, and equity plansProven ability to align total rewards strategies with organisational business goals and valuesStrong analytical and problem-solving skills, with the ability to use data to drive decision-makingExceptional leadership skills with experience managing a teamIn-depth knowledge of labour laws and regulationsOutstanding communication and collaboration abilitiesA strategic mindset and a forward-thinking approach to reward and recognition#LI-HybridAI usage for your applicationWe are an innovative organisation that encourages the use of technology. We recognise that candidates may utilise AI tools to support with their job application process. However, it is essential that all information you provide truthfully and accurately reflects your own experience, skills, and qualifications.What we offerOur benefits package is designed to support your wellbeing, growth, and work-life balance. It includes a highly competitive pension or 401(k) plan, private health insurance, and 24/7 access to counselling and wellbeing resources through our Employee Assistance Program.We also offer a range of lifestyle benefits, including our Work From Anywhere program, which allows you to work from any location where you have the legal right to do so for up to 25 days per year. In addition, we provide generous annual and parental leave, as well as dedicated days off for volunteering and even for moving home.You will also be given free access to all The Economist content, including an online subscription, our range of apps, podcasts and more.General Demographic QuestionsAt The Economist Group, we are committed to building an inclusive workplace for all. By sharing the following information, you help us to understand the impact of our efforts and continue to make progress.Providing this information is voluntary and will not affect how your application is considered.Any details you share are stored separately from your application, with safeguards in place to ensure confidentiality and data security. Hiring managers and recruiters do not have access to this information at an individual level.Where appropriate, we may use anonymised data for reporting purposes or to meet statutory requirements in your location.#J-18808-Ljbffr