Performance and Reward Manager in Wrexham

Performance and Reward Manager

Department: People

Employment Type: Fixed Term Contract

Location: Wrexham

Description

The Performance and Reward Manager is responsible for establishing and maintaining Chetwood’s compensation framework, with the aim of motivating our colleagues to improve productivity and overall company performance whilst ensuring governance structures are maintained.

Key Responsibilities

• Compensation Strategy Development: Develop and maintain competitive and fair compensation structures (e.g., salary bands, bonuses, stock options). Ensure that compensation packages are aligned with market trends, industry standards, and organizational goals. To regularly assess the effectiveness of compensation strategies and make adjustments when needed.
• Benefit Management: Oversee employee benefits programs, including health insurance, retirement plans, wellness initiatives, and other perks. Evaluate the cost-effectiveness and employee satisfaction levels of current benefit offerings. Stay updated on legal regulations and ensure benefits compliance.
• Incentive Programs: Design, implement, and manage incentive schemes (e.g., performance bonuses, profit-sharing, and employee recognition programs). Ensure that incentives are motivating and linked to both individual and organisational performance.
• Reward Analytics and Reporting: Conduct regular compensation benchmarking and salary surveys to ensure competitiveness within the industry. Provide data-driven insights and recommendations to senior management on reward-related matters. Monitor reward program costs and measure the effectiveness of reward strategies. Quarterly MI reports for the QPCC and Board.
• Policy and Compliance Management: Ensure compliance with all laws and regulations. Develop and communicate reward policies to employees, ensuring transparency and understanding. Address employee queries and concerns regarding compensation and benefits.
• Stakeholder Management: Work closely with senior leadership and HR business partners to understand the strategic goals and needs of the organisation. Collaborate with line managers to ensure that reward strategies are aligned with employee performance and business outcomes. Advise managers on reward-related matters, such as salary negotiations and employee retention.
• Employee Communication and Engagement: Promote and communicate the value of reward programs to employees, ensuring clarity on how rewards are determined and distributed. Foster a culture of recognition and motivation through reward programs. Collect employee feedback and continuously improve reward programs based on this input.
• Talent Retention and Attraction: Ensure reward programs are designed to help attract top talent and retain key employees. Collaborate with the TA team to ensure that compensation packages are competitive in the job market.
• Performance Management: Manage the annual performance cycle to ensure there is a link to the salary review cycle.
• Gender Pay Report: Produce the data to support the publication of the gender pay report. Ensure the remuneration framework supports the gender pay gap commitments.

Skills, Knowledge and Expertise

• Relevant degree or equivalent experience
• Preferable to have a Reward qualification.
• Analytical and reporting skills

Benefits

• Competitive salary
• 25 days holiday PLUS your BIRTHDAY off
• Pension contribution with Royal London
• Life AssurancePrivate medical, dental and optical health insurance with Axa
• Hybrid working – Wrexham
• Free breakfast available