We are looking for a Reward Manager to join our driven team in our brand new head office in central Milton Keynes. You will l ead the design, delivery and continuous improvement of the Group's reward programmes, including pay, bonus / incentives, job evaluation and benefits, enabling the delivery of the Group's reward strategy. You will act as a trusted adviser to the People team and business leaders, providing commercially grounded, data-led advice on all aspects of reward and manage the annual reward calendar, associated benefit providers and reward governance, and lead the delivery of reward communications to the business.
Responsibilities:
Responsibilities:
- Act as subject matter expert on reward, providing advice and guidance to the People team, senior leaders and divisional stakeholders, and resolving escalated complex queries.
- Lead the delivery of the annual reward cycle across the Group, including pay reviews, bonus / incentive awards and medical and risk benefit renewals, ensuring plans, timelines and governance are met.
- Support the design, review and implementation of pay structures and bonus / incentive schemes, ensuring they are consistent, affordable and aligned to the Group's reward strategy.
- Oversee job evaluation/levelling and salary benchmarking activity, ensuring consistent, well-evidenced outcomes and maintaining appropriate records.
- Prepare high-quality papers and supporting analysis for the Remuneration Committee(s) and senior leadership, ensuring accuracy and delivery to deadline.
- Manage the relationship with 3rd party providers, including benefits consultants, brokers and benchmarking data providers, ensuring agreed SLAs/ KPIs are met, costs are controlled and scheme documentation is up-to-date.
- Monitor reward data and market trends, reporting on pay and benefit metrics and recommending improvements to policy and practice.
- Ensure compliance with legal and regulatory requirements which may relate to pay and benefits, including National Minimum Wage / National Living Wage, equal pay and gender pay gap reporting.
- Work with Payroll and Finance to ensure reward changes are accurately costed, budgeted and implemented.
- Lead the delivery of reward communications, ensuring benefit pages on the internal intranet provide clear and accurate information.
- Support the effective operation and maintenance of the HR system, ensuring that reward workflows and reward data remain accurate.
- Lead tendering and retendering processes in conjunction with the Reward Director, liaising with Procurement and Finance functions where appropriate.
- Provide guidance and support to Reward Team members, sharing expertise and helping to build reward capability across the People team.
- Significant experience of working within a Reward role, including the delivery of pay and benefit programmes.
- Experience of managing third-party suppliers and advisers.
- Commercially minded, with the ability to influence senior stakeholders
- Strong analytical skills, able to turn data into clear insight and recommendations
- Ability to communicate complex information, adapting style to suit audience
- Strong Microsoft suite capability, particularly Excel
- Confident relationship builder
- Strong organisational skills with the ability to prioritise effectively and deliver to deadlines
- Ability to apply discretion managing sensitive information.
- Understanding of legislative and regulatory issues affecting reward
- Understanding of pay structures, job evaluation and incentive design
- Knowledge of employee benefits market