VP – Total Reward
Initially 6-month contract – day rate
London based
(Hybrid: 3 days a week on site)
£800 - £1200 per day
You’ll lead the Reward function globally in a leading, dynamic company of over 4,000 employees across 12 countries.
You’ll develop and drive end-to-end Reward strategy - everything from the day-to-day Reward operations through to equity programs to Exec compensation.
The role is based in our HQ in London, reports into the Chief People Officer, and you’ll work closely with colleagues in the People, Legal and Finance functions, the Exec and the Board (in particular, the Remuneration Committee).
The role will be an integral part of the People Leadership team and will be heavily involved in cross-functional workstreams and programs ranging from talent strategy to employee engagement and the development of our employee value proposition. As a dynamic, innovative company in an exciting and fast-growing space with an exceptionally diverse workforce (including a large sales force with commission programs, warehouse operatives, and some of the foremost science and software engineers, and everything in between), this is an exciting opportunity to develop and execute a compelling Reward strategy for what is still a company early in its maturity journey.
What you’ll be doing:
• Strategy - Develop and implement a comprehensive global rewards and benefits strategy that supports the company's business, people and finance objectives.
• Reward operations - Lead the day-to-day operations of the Reward team, including compensation benchmarking, equity administration, management of the design and execution of incentive programs, such as bonuses and equity programs, technology and data providers, including partnering with the systems team on compensation administration tooling.
• Executive compensation - in partnership with the Remuneration Committee, set and manage the Executive compensation and incentive plans.
• Board and reporting - Ownership of Remuneration Committee meetings and materials, including executive compensation, governance reporting (such as the Directors' Remuneration Report). • Benefits - Oversee the design and management of employee benefits programs, including the benefits strategy, including health, retirement, wellness, and other fringe benefits.
• Performance - Lead and own the execution and development of annual performance and compensation review cycles, including development of budgets, processes, and communication materials.
• Pay equity and compliance - Conduct audits, including Gender & Ethnicity Pay Gap reporting and monitoring, Equal pay, Minimum wage, importing understanding of relevant and upcoming legislation and regulatory environment shifts that would influence reward.
• Budgeting - Collaborating across People and Finance to budget and forecast reward and recognition costs, ensuring accuracy of staffing budget records related to Finance, Exec and Remuneration Committee decisions.
What we’re looking for:
• Track record as a Reward leader - Has had a successful track record in a Head of Reward role for a large-scale UK public company that involved extensive Board/Remuneration Committee preparation and involvement, and partnership with senior executives.
• Track record in large-scale, group-wide Reward - Proven track record in developing and executing group-wide rewards strategy and programs (this role has an International remit, but prior International experience is not required).
• Experience managing Executive compensation - Experience and fluency in the management of executive compensation programs. • Deep experience in equity programs - Strong experience and fluency managing and shaping equity reward programs (both Exec and broader-based). • Extensive experience in benefits - Strong background in overseeing the design and management of broad-based employee benefits programs across multiple countries, including health, retirement, wellness, etc, for a highly diverse employee base.
• A high degree of executive and influence skills, and a self-assuredness that would prepare them well to engage effectively with the Executive team.
If this one sound interesting, and you’re available now or in the short term for your next assignment, please apply today with an up-to-date CV and I’ll be in touch soon.