Head of Reward

Head of Reward

Salary Guidance: £100,000 - £125,000 + Bonus

Permanent

Remote Working on Offer/Hybrid/Office Based

Working for a leading professional services organisation who are on the lookout for a permanent Head of Reward to bolster their Reward function. The Head of Reward will lead the strategic direction, design, and management of the company’s Compensation, Benefits, and Reward systems to attract, motivate, and retain talent. This role will also provide oversight of HR systems and analytics to drive data-led decisions across the organization. The successful candidate will work closely with senior leadership to develop a competitive reward strategy aligned with business objectives, ensuring compliance, equity, and sustainability across all reward programs.

Key Responsibilities:

Compensation Management:

• Develop and implement the compensation strategy, ensuring competitiveness within the market while aligning with company objectives.
• Lead annual salary review processes, including market benchmarking, job evaluation, salary structures, 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 (e.g., healthcare, pensions, wellness initiatives) 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.
• Ensure and monitor return on investment

Reward Systems and Technology:

• Oversee reward-related systems including HRIS (Human Resource Information Systems), 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 (e.g., total reward cost, pay equity, 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 the company’s broader 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.

Key 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 (e.g., Workday, SAP SuccessFactors).
• Outstanding communication and influencing skills to engage and align key stakeholders.