Rewards Consultant
Posted 3 days ago by Lorien
Negotiable
Undetermined
Undetermined
London, England, United Kingdom
Summary: The Reward Advisor role is focused on supporting the development and management of compensation and benefits activities aligned with business objectives. The position involves providing expert advice to various teams, implementing reward initiatives, and ensuring compliance with governance. The role requires strong analytical skills and the ability to manage multiple projects while engaging with stakeholders effectively. This position is expected to contribute to the overall reward strategy and enhance policies and practices through continuous improvement.
Key Responsibilities:
- Support the implementation of reward initiatives and cyclical reward programmes.
- Deliver compensation or benefits projects end-to-end.
- Participate in the development and implementation of the overall reward strategy.
- Improve reward policies and practices through internal and external networking.
- Ensure reward governance and compliance across the business.
- Conduct data analysis to support reward decisions and recommendations.
- Manage colleague query escalations and stakeholder communications.
- Support annual compensation processes and manage operational requirements of compensation plans.
- Support annual benefit renewals and manage operational requirements of benefits plans.
- Train and develop Business Services colleagues on benefit processes.
Key Skills:
- Experience in a fast-paced environment and ability to multi-task.
- Project delivery experience and ability to see the broader picture.
- Effective communication and influencing skills across all business levels.
- Experience at Reward advisor level and within a reward-focused role.
- Proficient in Excel and strong analytical skills.
- Experience with Job Evaluations and knowledge of Oracle is desirable.
- Proficient in PowerPoint and strong process skills.
- Strong stakeholder engagement and management skills.
- Curiosity and a probing mindset.
- Knowledge of Flexible Benefits technology is desirable.
Salary (Rate): undetermined
City: London
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
Title: Reward Advisor
Duration: 3 to 6 months
Role Purpose
This role will contribute and support the continuously developing reward framework and support the management of compensation or benefits activities aligned to People and Business objectives. Support the team in providing expert reward advice, guidance, and education to the People Team, whilst working closely with the People Services, Employee Relations, Organisational Effectiveness, Talent and Performance, Resourcing and People Business Partnering teams on compensation or benefits related matters.
Principal Accountabilities
- Support the implementation of multiple reward initiatives, cyclical reward programmes (compensation or benefits) and projects.
- Support the delivery of compensation or benefits projects end-to-end.
- Support the delivery of reward change initiatives.
- Participate in the development and implementation of the overall reward strategy.
- Through internal and external networking look to continually improve Reward policies, procedures and practices building on best practice.
- Follow processes along with identifying improvements.
- Review and ensure reward governance and reward compliance across the business.
- Data analysis to support reward decisions and recommendations.
- Manage and deal with colleague query escalations.
- Dealing with stakeholders, with a high level of service in a timely manner.
- Working with the team to identify and resolve issues on all reward systems.
COMPENSATION
- Support the annual compensation processes:
- Annual Salary Reviews
- Pay Deals
- Annual Increments
- Out of Cycle Salary Review
- Variables pay launches and pay-out (including Annual Bonus Plans, and Long-Term Incentive Plans including Share in Success Grant and Saver plans)
- Salary Surveys.
- Ensure consistency with our job framework and design using Willis Towers Watson for job evaluations and benchmarking along with any other market tool.
- Compensation data analysis and presentation as and when required.
- Manage the day-to-day operational requirements of multiple compensation plans.
- Curiosity to resolve complex queries in a timely manner.
- Collaborate with the People Insights team to deliver the annual pay reporting processes (Gender Pay Gap / Ethnicity Pay Gap / CEO Pay Ratio / Equal Pay Audit).
- Data production for monthly / quarterly / annual reporting (including RemCo).
BENEFITS & TOTAL REWARD
- Support the annual Benefit renewals processes for all benefit across multiple legal entities
- Manage the day-to-day operational requirements of multiple benefits plans across multiple legal entities
- Benefits data analysis, producing data and information dashboards as and when required.
- Draft and manage communications relating to benefit renewals and updates
- Colleague engagement with benefits
- Ensure The HUB and benefit documentation is correct and up to date
- Manage and deal with provider and internal stakeholder queries
- Spend administration for all benefits
- Claim management for our risk benefits
- Manage sensitive situations
- Build strong and robust benefit processes
- Train, develop and upskill our Business Services colleague on all our benefit processes for them to manage going forward
Qualifications and Experience
- Experienced in working at a fast pace
- Able to multi-task on numerous topics of varying project lengths and complexities
- Experience of project delivery
- Ability to look at the broader picture and what may be next when delivering a project or piece of work
- Ability to communicate effectively, influence and enable stakeholders to understand compensation and benefits structures, principles, processes, data, and reports
- Ability to communicate across all levels in the business and influence internal and external stakeholders and to be able to manage multiple priorities.
- Experience at Reward advisor level.
- Experience within a reward focused role is desirable.
- Knowledge of Oracle, desirable but not essential.
COMPENSATION
- Proficient and confident in Excel.
- Strong process and analytical skills with natural eye for detail.
- Experience of Job Evaluations desirable.
BENEFITS
- Proficient in Excel and PowerPoint
- Strong process skills with eye for detail
- Managing workload and retain motivation and drive for results for longer term projects and activities
- Strong stakeholder engagement and management
- Process improvement skills desirable
- Collaborative working with remote teams
- Curiosity and probing mindset
- Knowledge of Flexible Benefits technology, desirable but not essential