Reward Manager – FTSE 100

DUTIES AND RESPONSIBILITIES:

Overall responsibility for all aspects of Reward (Compensation, Pension and Benefits) and Performance Management at the Group Head Office, as a part of the GHO HR team. The role involves leading the strategic as well as the operational aspects of these three areas to a high degree of quality, accuracy and stakeholder satisfaction.

Principal Accountabilities:-

Reward Management (cyclical and project management):

• Develop, review, communicate and execute GHO reward strategy / policy / guidelines keeping in view internal requirements, external practices and benchmarks, stakeholder views etc.
• Lead all aspects of Reward Management (BAU and projects). Some of these include:
• Annual reward cycle (performance management, salary review, bonus, LTIP awards); create detailed plan of action, draft high quality papers to secure approvals for proposals from the GHO Remuneration Committee
• Conceptualise, scope, plan and lead execution of projects which could include review of and changes to compensation structure (bonus scheme, cash allowances LTIs), benchmarking methodology, market data management, development of internal compensation ranges, levelling/job evaluation, recognition schemes, retention/ad-hoc awards etc.
• Direct accountability for Joiner/Leaver/any ad-hoc arrangements for senior staff

Performance management:

• Overall accountability for design and delivery of GHO performance management process
• Publish and ensure adherence to performance management calendar
• Manage objective setting, half year and end of year performance review exercise, adhering to timelines
• Develop, review overall performance management philosophy and supporting frameworks

In addition to the above, provide ad-hoc support to the GHO HR Director as a senior member of the GHO HR team.

Benefits Management:

• Manage the relationship with the Pension provider and support the HR Director, GHO to manage the governance of the GHO pensions scheme through the Pensions Committee
• End-to-end management of all existing GHO benefits e.g. Pensions, Private Medical Insurance, Lifestyle Benefits, Cycle to work. A flexible benefits platform is currently in place and this will need to be reviewed following the demerger. This will involve developing a benefits proposition in line with GHO reward strategy, review and renewal of existing contracts, market benchmarking, ensuring high levels of stakeholder / colleague buy-in and satisfaction

Key Competencies:-

• Deep understanding of Reward, Benefits and Performance Management, preferably gained in-house as well as in consulting roles. Financial services experience would be preferred
• Attention to detail, rigour, systematic and methodical approach to documentation and record management. Managing complexity and ambiguity successfully
• Experience of launching and managing large scale projects and processes successfully with independent accountability and ownership
• Responsiveness, teamwork, collaboration and a consultative approach

please contact us to discuss quoting ref 647

or email rrowe@chatworthrowe.co.uk