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Reward Manager

Michael Page HR
Posted 8 hours ago, valid for 16 days
Location

London, Greater London EC1R 0WX

Salary

£63,000 - £70,000 per annum

Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • We are looking for an experienced Reward Manager who is passionate about the retail industry.
  • The role involves managing the company's reward strategies to align with its goals and objectives.
  • Candidates should have previous experience in delivering reward initiatives in a retail or similar environment.
  • The estimated annual salary for this position ranges from £63,000 to £70,000, plus benefits and bonus.
  • The role offers a hybrid working model with three days in the office in Central London and a generous holiday allowance.

We're seeking an experienced and detail-oriented Reward Manager with a passion for the retail industry. The chosen candidate will be responsible for managing and overseeing the company's reward strategies, ensuring they align with the company's goals and objectives.

Client Details

Our client is a well-established multinational retailer with over stores both across the UK and globally. Renowned for its high-quality customer service, this company is a key player in the retail industry, employing thousands of staff and consistently achieving significant annual turnover.

Description

Reward frameworks and governance

  • Support with the governance and ongoing development of the reward structure and framework
  • Provide support to the People team with the levelling and benchmarking of roles, ensuring alignment with the reward framework

Benchmarking

  • Annual participation in industry salary and benefits surveys - key contact for survey providers, completing surveys and ensuring subsequent access to market data
  • Conduct job evaluations and salary benchmarking exercises, ensuring overall remuneration packages remain competitive

Cyclical reward activities

  • Pay Reviews - key role in the planning and implementation of the annual pay reviews across the UK for both stores and support centres.
  • Bonus - ownership of bonus spreadsheets and calculations and support with cascading bonus plans, reporting and communications

Reward projects

  • Support with the maintenance and delivery of recognition policy and processes
  • Benefits reviews and subsequent implementation of changes, new benefits, processes and systems

Reward policies and processes

  • Create, update and own the content of all reward and benefits policies
  • Support International People team in international reward related activity as required

Stakeholder management

  • Internal - people partners, supporting on reward queries and benchmarking
  • External- Builds strong relationships with suppliers so the business has a positive reputation in the wider HR and compensation and benefits marketplace

Profile

  • Previous experience delivering reward initiatives in a retail or similar environment desirable
  • Prior experience of designing and implementing incentive and benefits schemes up to senior management level
  • Proven experience and success of implementing and socialising new grading frameworks would be advantageous
  • Advanced analytical skills with a strong passion for data. Ability to interpret data and present findings in a simple way to support colleagues' understandings and aid decision making
  • Excellent attention to detail
  • Excellent written and verbal communication skills, with the ability to influence and collaborate effectively across all levels within the organisation
  • Knowledge of external developments and emerging best practice in compensation and benefits

Job Offer

  • An estimated annual salary of £63,000 to £70,000, plus benefits + bonus
  • A generous holiday allowance
  • A positive and inclusive company culture
  • The opportunity to work with a leading retail company
  • Hybrid working 3 days in office in Central London

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.