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- Tasks: Manage executive reward strategies and support the Remuneration Committee.
- Company: Join M&S, a dynamic and inclusive retail leader committed to quality and service.
- Benefits: Enjoy 20% discount, competitive holidays, bonuses, and wellbeing support.
- Why this job: Shape executive pay strategies while collaborating with senior stakeholders in a creative environment.
- Qualifications: Experience in executive reward and advanced Excel skills required.
- Other info: M&S values diversity and offers support throughout the recruitment process.
The predicted salary is between 43200 - 72000 £ per year.
Summary
We’re looking for a highly motivated Executive Reward Manager to join our Corporate Governance team. In this pivotal role, you’ll support the Head of Executive Reward in all matters relating to the Remuneration Committee and play a key part in attracting and retaining senior talent across the Group.
This is a group-wide role with broad exposure to senior stakeholders and the opportunity to shape executive reward strategy and delivery.
To stay close to customers, our support teams are in the office three days a week as we believe that skills are developed through collaboration, and that spending time together makes us more creative and connected.
What’s in it for you
Being a part of M&S is exactly that – playing your part to bring the magic of M&S to our customers every day. We’re an inclusive, dynamic, exciting, and ever evolving business built on doing the right thing and bringing exceptional quality, value, service to every customer, whenever, wherever and however they want to shop with us.
Here are some of the benefits we offer that make working for M&S just that little bit more special…
- After completing your probationary period, you’ll receive 20% colleague discount across all M&S products and many of our third-party brands for you and a member of your household.
- Competitive holiday entitlement with the potential to buy extra holiday days!
- Discretionary bonus schemes awarded based on how you achieve your personal objectives and our performance as a business.
- A generous Defined Contribution Pension Scheme and Life Assurance.
- A dedicated welcome to our teams with a tailored induction and a wide range of training programmes to develop your skills.
- Amazing perks and discounts via our M&S Choices portal to maximise your financial and personal wellbeing.
- Industry-leading parental, adoption and neonatal policies, providing support and flexibility for your family.
- Access to a fantastic range of wellbeing support for all colleagues including access to our 24/7 Virtual GP and PAM Assist to support you and your family.
- A charity volunteer day to support a charity or cause you\’re passionate about through a dedicated day away from work.
What you’ll do
Your key accountabilities will include
- Prepare and coordinate Remuneration Committee materials and meetings.
- Design and implement bonus and share schemes in collaboration with Finance. Prepare senior offer letters and package comparisons.
- Draft the Annual Remuneration Report and collate incentive data.
- Lead on executive pay and bonus processes, ensuring alignment with Group-wide practices. Support Non-Executive Director fee reviews and related governance.
- Communicate reward policies to key stakeholders and support continuous improvement initiatives. Collaborate across teams including Company Secretariat, Finance, and Investor Relations.
Who you are
Your skills and experience will include
- Experienced in executive reward
- Proven ability to manage pay review and bonus cycles end-to-end.
- Advanced Excel skills (Power BI a plus).
- Collaborative team player with a customer-focused mindset.
- Familiarity with job evaluation frameworks (e.g., Willis Towers Watson).
Everyone’s welcome
We are ambitious about the future of retail. We’re disrupting, innovating and leading the industry into a more conscientious, inspiring digital era. We’re transforming how we work together and offering our most exciting opportunities yet. Marks & Spencer strives to be an inclusive organisation, trusted and admired by our colleagues, customers and suppliers. Join us and make change happen.
We are committed to building diverse and representative teams, where everyone can bring their whole selves to work and be at their best. We support each other and work together to win together.
If you feel you\’d benefit from any support or reasonable adjustments during any stage of the recruitment process, please don’t hesitate to let us know when completing your application. This information will be picked up by our team, so we can try and put steps in place to help you be at your best through this process.
Executive Reward Manager employer: Marks and Spencer
Contact Detail:
Marks and Spencer Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Executive Reward Manager
✨Tip Number 1
Network with professionals in the executive reward field. Attend industry events or webinars where you can meet people who work in similar roles. This can help you gain insights into the role and potentially get referrals.
✨Tip Number 2
Familiarise yourself with the latest trends in executive compensation and governance. Being knowledgeable about current practices will not only boost your confidence but also impress interviewers with your understanding of the industry.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed pay reviews and bonus cycles in the past. Highlighting your experience with these processes will demonstrate your capability for the role.
✨Tip Number 4
Showcase your advanced Excel skills by being ready to discuss how you've used data analysis in previous roles. If you have experience with Power BI, mention it as it could set you apart from other candidates.
We think you need these skills to ace Executive Reward Manager
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Executive Reward Manager position. Make sure you understand the key responsibilities and required skills, such as experience in executive reward and advanced Excel skills.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job requirements. Emphasise your experience in managing pay review and bonus cycles, as well as any collaborative projects you've been involved in.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific examples of how your previous work aligns with the responsibilities of the Executive Reward Manager and how you can contribute to the team.
Highlight Collaborative Experience: Since the role involves collaboration across various teams, be sure to include examples in your application that demonstrate your ability to work effectively with others, particularly in a corporate governance context.
How to prepare for a job interview at Marks and Spencer
✨Understand the Role
Make sure you have a clear understanding of the Executive Reward Manager role and its responsibilities. Familiarise yourself with the key accountabilities mentioned in the job description, such as preparing Remuneration Committee materials and designing bonus schemes.
✨Showcase Your Experience
Be prepared to discuss your previous experience in executive reward management. Highlight specific examples of how you've managed pay reviews and bonus cycles, and be ready to explain your familiarity with job evaluation frameworks.
✨Demonstrate Collaboration Skills
Since this role requires collaboration across various teams, think of examples where you've successfully worked with others. Emphasise your customer-focused mindset and how it has helped you achieve results in past roles.
✨Prepare Questions
Have thoughtful questions ready for your interviewers. This could include inquiries about the company's approach to executive reward strategy or how they measure success in this role. It shows your interest and helps you assess if the company is the right fit for you.
