Compensation Lead,
£80K - £90K,
London Victoria based (blended or remote working options)
12-month FTC.
We’re beginning a search for a leading, UK based organisation who are hiring a Compensation Lead to join their team for a 12 month contract.
Alongside the wider Compensation team, you’ll lead the transformation and delivery of the compensation strategy and proposition to be a powerful strategic lever for the business, providing thought leadership and deep expertise.
This role is key to lead the shaping and direction of the compensation proposition within the overall Reward strategy and broader People strategy and contribute to the creation of the People plan.
You’ll be working to identify strategic opportunities presented within People strategy to inform proposition direction. You’ll also use expertise to influence and align senior stakeholders within the function and across the business to build understanding, support and commitment to change. A key element of the role would be to Reward Business Partner an area of the business, acting as a trusted advisor, building relationships and managing key stakeholders.
You’ll also work to lead, inspire, motivate and develop a team of reward professionals, by coaching and supporting the team to develop successful reward propositions and solutions.
Primary accountabilities:
· Simplify propositions, removing legacy arrangements or processes aiming for a lean, simple, fast approach. Manage risks and issues. Lead the periodic review of the end-to-end proposition, including standards, operating procedures, business rules and processes. Stop propositions that no longer meet business objectives.
· Draft Exec/Board papers as required.
· Identify the impacts of the business model and People plan on the compensation proposition and prioritise areas to develop.
· Keep abreast of all relevant legal and regulatory changes and respond accordingly, working closely with the Employment Law Team.
· Act as a subject matter expert on compensation, synthesising insight to inform senior level discussions.
· Contribute to the creation of an integrated Partner strategy, drawing on understanding of the organisation. Identify gaps and opportunities between current and future strategy for compensation and develop and propose the strategy and delivery plan for compensation, working within the relevant governance process.
· Leverage your external network to enable your team to proactively monitor, anticipate and respond to external developments and develop strong market knowledge across the team.
· Lead, inspire, motivate and develop a team of reward professionals. Set direction and strategy for a team of Managers and Analysts, providing support for Partners to enable them to deliver their role outcomes, supporting them in their personal and professional development, prioritising their activity and ensuring outcomes are delivered to agreed standards and timelines and being the escalation route for Partners when needed.
Required experience:
· Deep understanding of reward strategies and experience of developing reward propositions in different settings/businesses
· Experience of managing an annual compensation review process
· Experience leading a reward team
· Good knowledge and understanding of the HR lifecycle Proven experience of managing senior stakeholder relationships
· Experience of drafting Board papers
If you are looking for your next opportunity to lead, and this one sounds interesting, please apply today with an up to date CV, and we’ll be in touch to discuss next steps.