Interim Head of Reward & Compensation

Recruiter
TOUCHWOOD TALENT LTD
Location
Milton Keynes, South East
Salary
130446.43
Posted
24 Jan 2022
Closes
25 Jan 2022
Ref
2744099633
Position/Level
Professional / Specialist
Responsibilities
Analyst
Sector
Other
Contract Type
Permanent
Language
English
Purpose of job:

To devise and deliver the reward strategy including all basic and variable pay and benefits.To lead on the wellbeing strategy for the Company

Job Profile:

  • Devise and own the remuneration strategy which will be aligned to the business plan objectives and corporate values.
  • Manage external market comparisons including selection of appropriate compensation surveys for all roles, designing and commissioning bespoke surveys where required.
  • Ensure the company maintains accreditation as required by regulation, legislation and business strategy including compliance with FCA/PRA direction, Equal Pay requirements and Living Wage.
  • Ensure reward processes support the diversity and inclusion agenda, including conducting annual Equal Pay audits and preparation of mandatory reporting data, making recommendations to mitigate risk to the business.
  • Manage and oversee the pay negotiation process, recommending increases based on budget, internal and external indicators and engaging key stakeholders including Chief Executive, EDs and Chairman of the SA.
  • Support Head of HR with Remuneration Committee meetings by advising on agenda items, writing reports and providing accurate information, deputising where required.
  • Conduct Job Evaluations for new and existing roles, establishing grade & pay that support the attraction and retention of talent as well as consistency across the company.
  • Act as an internal advisor on all projects/initiatives with a reward impact.
  • Develop and maintain a successful working relationship with the Staff Association, ensuring formal consultation and negotiation processes are followed correctly.
  • Share best practice and business intelligence with the wider HR team.

Experience Required
  • Prior experience in a senior reward role, in a regulated environment, ideally Finance.
  • Strong technical knowledge of employment law and HR practices
  • Driven by the need to create and maintain a successful business
  • Ability to drive change with effective project and stakeholder management skills
  • High level of tenacity/resilience
  • Strong influencing skills and able to challenge with confidence at all levels
  • Presents confidently and generates confidence in others based on the application of their professional expertise
  • CIPD qualified or equivalent experience
  • Advanced MS Office knowledge required
  • Highly numerate with attention to detail
  • Knowledge of and experience in writing REMCO papers
  • Familiarity of Digital platforms for Engagement with the busienss
  • EVP experience to deliver to stakeholders effectively

Qualifications

Essential
  • CIPD qualified (or equivalent)

Desirable
  • Job evaluation trained (Willis Towers Watson)