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For Companies At a Glance
- Tasks: Create tailored Total Reward solutions for clients, focusing on salary structures and incentive plans.
- Company: Join Korn Ferry, a global consulting firm transforming businesses with innovative strategies.
- Benefits: Enjoy competitive pay, professional growth opportunities, and a collaborative work environment.
- Why this job: Make a real impact by designing reward strategies that enhance employee engagement and satisfaction.
- Qualifications: Degree in Business or related field; experience in Total Reward or HR consulting preferred.
- Other info: Dynamic role with opportunities to lead complex projects and build client relationships.
The predicted salary is between 43200 - 72000 £ per year.
About Us
Korn Ferry is a global consulting firm that powers performance. We unlock the potential in your people and unleash transformation across your business - synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That's why the world's most forward-thinking companies across every major industry turn to us - for a shared commitment to lasting impact and the bold ambition to Be More. Headquartered in Los Angeles, our over 9,000 colleagues globally serve clients in more than 50 countries.
We offer five core capabilities that span the full talent lifecycle:
- Organizational Strategy
- Assessment and Succession
- Talent Acquisition
- Leadership Development
- Rewards and Benefits
Job description Total Reward
We all know that great work deserves great compensation. But rewarding deserving professionals is becoming increasingly complex. The workforce is more demanding. There is a focus on transparency, not just at executive level but at the workforce level too. New jobs, with no pay precedent, are emerging all the time. And flatter structures and contingent work forces mean career paths are no longer clear. We understand the differing dynamics of compensation markets around the globe and in all sectors. We know current trends, how to create engaging employee value propositions, and have the right rewards and benefits strategy to accelerate sales. We develop flexible and competitive compensation strategies that align employees and senior executives with the business strategy. And we build thoughtful employee engagement programs that attract and engage a diverse workforce and reinforce company culture and goals.
Purpose of the Position
To provide tailor made Total Reward solutions in line with the client's organizational strategy (e.g. salary structures, salary increase systems, bonus schemes, benefit policies). This role will focus on supporting public sector clients.
Key Responsibilities
- Principal Consultants will work on project teams to deliver Total Reward solutions that meet and exceed client expectations.
- You will be creating reward strategies and principles for the client, designing pay structures and incentive plans and rolling out governance models to support the implementation of effective reward initiatives.
- You will already have worked in the Total Reward space and developed an understanding of one or more of the following - Job evaluation, salary benchmarking, career architecture, pay transparency including pay equity and gender pay gap reporting, performance management and Executive pay.
- At this level, business development and client relationship management feature as an important focus of the role in addition to delivery.
- Individuals may major on either delivery or business development, or indeed have more of a mixed portfolio.
- Regardless of major, individuals will contribute to bids, and manage/lead relationships and/or projects of considerable complexity.
Primary Responsibilities
- Lead/assist the lead on the delivery of complex projects ensuring client satisfaction, effective project management, good communication and collaboration between KF colleagues.
- Support more senior colleagues/partners on larger, more complex projects, leading the client facing aspects of the project in an area of expertise.
- Facilitate project teams by defining scope, objectives and project management structure ensuring a constant focus on outcomes.
- Assess the needs of large/complex clients, designing and delivering solutions to meet their needs.
- Support less experienced consultants through mentoring and project-based development and coaching.
- Contribute to winning profitable business by identifying and shaping opportunities, writing proposals, pricing, pitch preparation and opportunity spotting in current clients.
- Contribute to thought leadership and/or lead research, analysis and interpretation on client/sector business issues, performance, client competitor performance etc. with a view to identifying possible opportunities.
- Look for ways to build new client relationships e.g. active networking, asking for referrals, partnering across KF lines of business.
- Leverage insights to define, recommend and/or co-create strategic solutions for the clients.
- Leverage the expertise of internal industry or practice experts across the KF business.
- Speak at local or national events in own area of expertise to enhance the KF brand.
- Develop relationships with industry and thought leaders externally to increase awareness and prestige of KF.
- Develop deeper expertise in at least one expertise area and become conversant in all KF Consulting offerings in order to draw on appropriate practice expertise to provide business solutions, including those that may require inter-service line approaches.
- Continue to deepen and broaden own consulting skills, business or sector understanding and expertise.
- Extend a strong internal brand and network of KF consultants.
- Work with KF industry leaders to develop and customize offerings within a service line and targeted at a particular industry.
Experience and Professional Qualifications
- Degree - ideally Business Admin, Business Engineering, Law, Mathematics or similar.
- Experience in consulting or professional service in Total Reward/Compensation and Benefits, Mobility, HR.
- Knowledge of the design of reward systems.
- Competent use of Microsoft office programmes.
- Competent to advanced use of Excel and other data tools (Power BI etc).
- Good communicator, combined with problem solving competence, analytical skills and team orientation.
- Client focus and confident, positive attitude and high engagement.
- Results and solution focused while managing complex situations.
Skills and Competencies
- Good stakeholder management skills and the ability to build and maintain professional relationships.
- A high degree of customer focus and attention to detail.
- Proven expertise in working within the public sector / with public sector clients to understand the challenges and complexities involved.
- Ability to work in partnership with trade unions / regulatory bodies.
- Strong drive for results and a commitment to producing a high level of work efficiently and often within tight timeframes.
- Excellent verbal and written communication skills in English.
- Ability to adapt to new processes and effectively deal with change and ambiguity.
Total Reward Principal in England employer: Korn Ferry US
Contact Detail:
Korn Ferry US Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Total Reward Principal in England
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to folks on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your knowledge in Total Reward strategies. Share insights on current trends and how you can add value to their team. It’s all about showcasing what you bring to the table!
✨Prepare for the Interview
Do your homework before any interview. Understand Korn Ferry’s approach to Total Reward solutions and think about how your experience aligns with their needs. Being well-prepared shows you’re genuinely interested and ready to hit the ground running.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re proactive and serious about joining the team at Korn Ferry.
We think you need these skills to ace Total Reward Principal in England
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Total Reward Principal role. Highlight your experience in compensation strategies and how it aligns with Korn Ferry's mission to unlock potential and drive performance.
Showcase Relevant Experience: When detailing your work history, focus on your achievements in the Total Reward space. Mention specific projects where you’ve designed pay structures or implemented governance models, as this will resonate with what Korn Ferry is looking for.
Be Clear and Concise: Keep your application straightforward and to the point. Use clear language to describe your skills and experiences, making it easy for the hiring team to see why you’re a great fit for the role.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way to ensure your application gets the attention it deserves and allows us to keep track of all candidates efficiently.
How to prepare for a job interview at Korn Ferry US
✨Know Your Total Reward Stuff
Make sure you brush up on the latest trends in Total Reward strategies. Understand job evaluation, salary benchmarking, and pay transparency. Being able to discuss these topics confidently will show that you're not just familiar with the basics but are genuinely passionate about the field.
✨Showcase Your Project Management Skills
Since this role involves leading complex projects, be ready to share examples of your project management experience. Talk about how you've defined project scopes, managed teams, and ensured client satisfaction in past roles. This will demonstrate your ability to handle the responsibilities of the position.
✨Engage with Real-World Scenarios
Prepare for situational questions by thinking through real-world scenarios you might face in the role. For instance, how would you approach designing a new pay structure for a public sector client? This shows your problem-solving skills and your understanding of the complexities involved.
✨Network Like a Pro
Korn Ferry values building relationships, so be prepared to discuss how you've developed client relationships in the past. Share any networking strategies you've used to connect with industry leaders or how you've leveraged insights to create strategic solutions. This will highlight your proactive approach to business development.