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Job Title: Senior Reward Advisor
Location: Manchester
Reports to: Head of Reward
Type: Full-Time, Permanent (Hybrid Working)
About the Role
Key Responsibilities
- Reward Strategy & Planning
- Collaborate with the Head of Reward to design and execute a competitive reward strategy aligned with business objectives.
- Lead market research and benchmarking exercises to ensure our compensation offerings are competitive in the market.
- Evaluate and develop reward schemes, including base pay, variable pay, and long-term incentives.
- Compensation & Benefits
- Conduct regular salary reviews and advise on salary adjustments in line with market data, organizational performance, and business needs.
- Oversee annual salary review and bonus processes, ensuring accuracy, equity, and alignment with policy.
- Manage and refine the company's benefits programs, ensuring they align with employee needs and the overall reward strategy.
- Executive Compensation & Incentives
- Provide expertise in executive compensation practices, working closely with HR, legal, and finance to design incentive programs.
- Support the development of long-term incentive plans (LTIPs) for senior leadership, including share plans and performance metrics.
- Stay informed on market trends and regulatory changes affecting executive pay.
- Data Analysis & Reporting
- Analyze compensation data and trends, providing insights to guide decision-making at the senior management level.
- Prepare reports and present findings to HR, leadership, and board committees as needed.
- Monitor and ensure compliance with statutory reporting requirements (e.g., Gender Pay Gap reporting, pay ratio disclosures).
- Reward Policy & Governance
- Develop and update reward policies and procedures in line with best practices, industry benchmarks, and legal requirements.
- Ensure all reward programs are designed and administered in compliance with regulatory standards.
- Act as the primary point of contact for reward-related queries, providing guidance to HR business partners and managers.
- Employee Engagement & Communication
- Support internal communication and education initiatives related to reward and recognition programs.
- Work with internal communications to ensure employees understand reward programs and how they support the company’s values and goals.
- Collaborate on employee engagement surveys and other tools to evaluate the effectiveness of reward programs.
If this could be of interest, then please get in touch ASAP.
