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- Tasks: Lead the development of innovative reward strategies and manage compensation programs.
- Company: Equifax empowers you to reach your potential while making a meaningful impact.
- Benefits: Enjoy flexible benefits, generous holiday, and personal development opportunities.
- Why this job: Shape the future of reward in a dynamic global organisation with a focus on diversity.
- Qualifications: Experience in reward management and strategic thinking is essential.
- Other info: Join a culture that values collaboration and continuous improvement.
The predicted salary is between 43200 - 72000 £ per year.
Equifax is where you can power your possible. If you want to achieve your true potential, chart new paths, develop new skills, collaborate with bright minds, and make a meaningful impact, we want to hear from you.
You will be instrumental in establishing best-in-class reward practices, forging a forward-thinking and solution-oriented partnership with the business to fuel future growth and innovation. You will play a pivotal role in shaping and driving reward excellence across the Equifax UK & Ireland business, a key part of our broader European operations. This is a unique opportunity to take ownership, build a market-leading reward function, and make a significant impact on our success.
With a comprehensive remit encompassing compensation, benefits, and wellbeing, you will enjoy genuine depth and breadth in your responsibilities. Supporting our substantial UK & Ireland business, you will lead the full spectrum of reward activities, designing and implementing effective Sales Incentive Plans and managing our electric Vehicle (EV) scheme. You will also be responsible for optimizing vendor relationships and harmonising pay scales and bonus frameworks. Furthermore, you will contribute to executive compensation matters, including equity and Long-Term Incentive Plans (LTIP), and champion the creation of progressive wellbeing policies.
The overarching focus of this role is to instill rigor and best practice within our compensation framework. This involves defining and embedding what "good" looks like through genuine collaboration with the wider business. This is not a role focused on routine annual cycles; rather, it demands a strategic and innovative mindset, a fresh perspective on continuous improvement, and ensuring a strategic overlay to all reward initiatives. This includes proactively monitoring and working towards closing the gender pay gap and intrinsically linking the reward strategy with our talent and diversity agendas. You will be key in translating the talent agenda into tangible reward practices that leaders understand and can effectively implement. Your primary challenge will be prioritisation, focusing on the high-impact initiatives that will deliver the most significant results. The journey ahead requires dedication and effort, but the outcomes will be tangible and highly rewarding.
As an individual contributor, you will collaborate closely with Finance and Procurement, and operate as a trusted partner to the President, Senior Finance Officer, and General Counsel, as well as the wider HR team.
What you'll do:
- Develop and implement comprehensive reward strategies, policies, and programs for the UK & Ireland business, aligned with the overall European and global reward frameworks.
- Partner closely with business leaders and HR colleagues to understand business needs and translate them into effective reward solutions that attract, retain, and motivate talent.
- Design and manage competitive compensation programs, including base pay structures, short-term and long-term incentive plans, and develop and implement effective Sales Incentive Plans.
- Lead the design and implementation of relevant benefits initiatives.
- Lead the harmonisation of pay scales and bonus frameworks across the UK & Ireland business.
- Oversee the design and administration of employee benefits and wellbeing programs, ensuring they are competitive, cost-effective, and aligned with employee needs.
- Manage vendor relationships related to reward and benefits, ensuring optimal service delivery and value for money.
- Contribute to the development and administration of executive compensation programs, including equity and LTIP incentives, and support the preparation of materials for the Remuneration Committee.
- Proactively monitor and analyze reward trends and best practices, recommending and implementing changes as appropriate.
- Ensure compliance with all relevant legislation and regulatory requirements related to compensation and benefits.
- Partner with the Talent Management to ensure the reward strategy supports and advances our diversity and inclusion goals, including proactively addressing the gender pay gap.
- Develop effective communication strategies to ensure employees understand our reward programs and their value.
- Provide expert advice and guidance to HR and business leaders on all reward-related matters.
- Instill discipline and best practice in compensation management across the organisation.
- Drive continuous improvement in reward processes and systems.
What experience you need:
- Proven experience as a Reward professional with a strong and broad compensation and benefits background.
- Demonstrable experience in creating and implementing effective Sales Incentive Plans.
- Experience in designing and implementing employee benefit programs.
- Demonstrable ability to think strategically and holistically about how reward links to the broader talent agenda.
- Comfortable operating effectively within a dynamic and matrix organisational structure.
- Experience navigating complex business environments.
- Ideally, some exposure to an international remit, although not essential.
What could set you apart:
- Experience working within an FCA-regulated environment, such as banking or another credit bureau.
- Experience with Workday HRIS.
- Strong analytical and problem-solving skills with the ability to interpret data and provide meaningful insights.
- Excellent communication, influencing, and stakeholder management skills.
- A proactive and results-oriented approach with a passion for driving positive change.
If you are a highly motivated and experienced Reward leader looking for an exciting opportunity to shape the future of reward within a dynamic and growing global organisation, we encourage you to apply. You will have the autonomy to make a real impact and be recognised for your contributions.
The Perks of being a Equifax Employee?
We offer a wide range of company supported benefits including contributory pension, life cover, income protection, healthcare, enhanced maternity and sick pay, 26 days holiday and a day off for your birthday, with the ability to buy and sell and free credit checks. We also offer flexible benefits ranging from cycle to work, discounted travel options, gym membership, dining and leisure discounts, financial & savings plans, mobile discounts plus much more! We also support personal development and have a range of learning options including our global online learning platform and allow you to bring your whole self to work supported by our Inclusion and Diversity, Wellbeing and Employee Engagement forums.
Are you ready to power your possible? Apply today, and get started on a path toward an exciting new career at Equifax, where you can make a difference!
Primary Location: GBR-London GBR-Leeds-6-Wellington, GBR-Nottingham
Function: Function - Human Resources
Schedule: Full time
Reward Leader employer: Equifax, Inc.
Contact Detail:
Equifax, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reward Leader
✨Tip Number 1
Familiarise yourself with the latest trends in reward management and compensation strategies. This will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews, showcasing your knowledge and enthusiasm for the position.
✨Tip Number 2
Network with professionals in the HR and reward sectors, especially those who have experience in FCA-regulated environments. Attend industry events or join relevant online forums to build connections that could provide insights or even referrals for the Reward Leader position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully implemented Sales Incentive Plans or employee benefit programmes in the past. Being able to articulate your direct impact on previous organisations will demonstrate your capability and readiness for this role.
✨Tip Number 4
Research Equifax's current reward practices and any recent changes in their policies. Understanding their approach will allow you to tailor your discussions and show how you can contribute to their goals, particularly in areas like diversity and inclusion.
We think you need these skills to ace Reward Leader
Some tips for your application 🫡
Understand the Role: Before you start writing your application, make sure you fully understand the responsibilities and requirements of the Reward Leader position at Equifax. Tailor your application to highlight how your experience aligns with their needs.
Craft a Compelling CV: Your CV should clearly showcase your relevant experience in reward management, compensation, and benefits. Use specific examples to demonstrate your achievements, particularly in designing and implementing Sales Incentive Plans and employee benefit programs.
Write a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Highlight your strategic mindset and how you can contribute to shaping reward excellence at Equifax. Make sure to connect your past experiences with the key challenges mentioned in the job description.
Proofread and Edit: Before submitting your application, take the time to proofread and edit your documents. Check for any spelling or grammatical errors, and ensure that your formatting is consistent. A polished application reflects your attention to detail and professionalism.
How to prepare for a job interview at Equifax, Inc.
✨Understand the Role Thoroughly
Before the interview, make sure you have a deep understanding of the Reward Leader role. Familiarise yourself with the key responsibilities, such as designing compensation programs and managing vendor relationships. This will help you articulate how your experience aligns with their needs.
✨Showcase Your Strategic Mindset
Equifax is looking for someone who can think strategically about reward practices. Be prepared to discuss examples from your past where you've implemented innovative solutions or improved existing processes. Highlight your ability to link reward strategies with broader talent agendas.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to navigate complex business environments. Prepare scenarios where you've successfully managed challenges related to compensation or benefits, and be ready to explain your thought process and outcomes.
✨Demonstrate Your Communication Skills
As a Reward Leader, you'll need to communicate effectively with various stakeholders. Practice articulating your ideas clearly and confidently. Consider preparing a brief presentation on a relevant topic to showcase your communication prowess during the interview.
