Head of Reward

Head of Reward

London Full-Time 54000 - 84000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead the global Total Rewards Strategy, focusing on compensation, benefits, and performance management.
  • Company: Join a leading partner in the industry, committed to employee engagement and growth.
  • Benefits: Enjoy competitive pay, flexible work arrangements, and wellness initiatives.
  • Why this job: Shape a rewarding culture that values performance and innovation while making a real impact.
  • Qualifications: Bachelor's degree required; 10+ years in Compensation & Benefits with leadership experience preferred.
  • Other info: Ideal for those passionate about equity and compliance in a global setting.

The predicted salary is between 54000 - 84000 £ per year.

The Head of Reward is responsible for designing and executing the organization's global Total Rewards Strategy, ensuring alignment with business goals and values. This includes supporting the company’s aim to be a leading partner in its industry. The role ensures the organization's reward offerings are competitive, scalable, equitable, and aligned with its core values. The Head of Reward will lead initiatives to attract, retain, and engage employees while managing pay equity, performance-based rewards, and benefits packages that support global growth.

Key Responsibilities:

  • Total Rewards Strategy: Develop and implement a global reward strategy encompassing compensation, benefits, recognition, and performance management. Ensure alignment with company objectives and culture, promoting a “Higher Reward for Higher Performance” ethos. Create scalable and regionally adaptable reward models.
  • Compensation: Manage executive compensation plans and long-term incentives, including equity-based rewards (e.g., RSUs). Oversee compensation benchmarking, job evaluation, and salary progression frameworks. Ensure pay equity and update compensation practices through regular audits. Lead RSU lifecycle processes, including eligibility, grant facilitation, and compliance coordination.
  • Benefits: Design globally consistent but locally relevant benefits programs. Manage wellness initiatives, insurance, retirement plans, and flexible work arrangements. Ensure legal compliance and alignment with values of fairness and inclusion.
  • Performance Management & Incentives: Establish a performance management system connecting individual/team contributions to organizational results. Lead bonus and incentive schemes, ensuring scalability and transparency. Govern the RSU program, ensuring data accuracy, compliance, and audit readiness.
  • Governance & Compliance: Ensure compliance with labour laws, tax rules, and reporting obligations. Create governance mechanisms for reward programs. Act as liaison across HR, Finance, and governance stakeholders for equity-related matters.
  • Stakeholder Engagement: Partner with executive leadership and cross-functional teams to align reward strategies with business needs. Present insights on market trends and program effectiveness to senior stakeholders.
  • Innovation & Market Trends: Monitor industry developments to maintain a competitive edge in total rewards offerings. Introduce creative reward initiatives aligned with performance and impact objectives.

Key Skills and Competencies:

  • Strategic Leadership: Proven global reward function leadership.
  • Analytical & Data-Driven: Ability to interpret data and align with strategic decisions.
  • Cross-Cultural Expertise: Experience managing programs across regions and navigating local regulations.
  • Stakeholder Management: Skilled in working with senior leaders and boards.
  • Compliance & Governance: Strong regulatory and governance knowledge.
  • Innovation & Problem-Solving: Proactive in adopting creative solutions.
  • Equity Program Expertise: RSU lifecycle knowledge and execution leadership.

Qualifications:

  • Bachelor's degree in HR, Business, or related field (Master’s preferred).
  • 10+ years in Compensation & Benefits or related roles, including 5+ years in leadership.
  • Experience in global, fast-paced environments (e.g., technology, digital industries).
  • Preferred certifications: CCP, GRP, or equivalent.
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Contact Detail:

PaymentGenes Recruitment Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Head of Reward

Tip Number 1

Familiarise yourself with the latest trends in total rewards strategies. Understanding what competitors are offering can give you an edge when discussing how to make our offerings more competitive and aligned with business goals.

Tip Number 2

Network with professionals in the compensation and benefits field. Engaging with industry peers can provide insights into best practices and innovative reward initiatives that you can bring to the table.

Tip Number 3

Prepare to discuss your experience with RSU lifecycle management and compliance. Being able to articulate your knowledge in this area will demonstrate your capability to lead our equity programs effectively.

Tip Number 4

Showcase your analytical skills by being ready to discuss how you've used data to drive strategic decisions in previous roles. This will highlight your ability to align reward strategies with organisational objectives.

We think you need these skills to ace Head of Reward

Strategic Leadership
Analytical Skills
Data Interpretation
Cross-Cultural Expertise
Stakeholder Management
Compliance Knowledge
Governance Mechanisms
Innovation and Problem-Solving
Equity Program Expertise
Compensation Benchmarking
Performance Management Systems
Benefits Design
Executive Compensation Management
Regulatory Compliance
Market Trend Analysis

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in compensation and benefits, particularly in global environments. Emphasise your leadership roles and any specific achievements related to reward strategies.

Craft a Compelling Cover Letter: In your cover letter, express your passion for developing innovative reward strategies. Mention how your experience aligns with the company's goals and values, and provide examples of how you've successfully managed compensation and benefits in the past.

Highlight Key Skills: Focus on key skills mentioned in the job description, such as strategic leadership, analytical abilities, and compliance knowledge. Use specific examples to demonstrate your expertise in these areas.

Showcase Industry Knowledge: Demonstrate your understanding of current trends in total rewards and how they can impact the organisation. Mention any relevant certifications or continuous learning that showcases your commitment to staying updated in the field.

How to prepare for a job interview at PaymentGenes Recruitment

Understand the Total Rewards Strategy

Familiarise yourself with the company's current Total Rewards Strategy. Be prepared to discuss how your experience aligns with their goals and how you can contribute to enhancing their reward offerings.

Showcase Your Analytical Skills

As the role requires a data-driven approach, be ready to provide examples of how you've used data to inform decisions in previous roles. Highlight any specific tools or methodologies you've employed to analyse compensation and benefits.

Demonstrate Cross-Cultural Competence

Given the global nature of the position, share experiences where you've successfully managed reward programs across different regions. Discuss how you navigated local regulations and cultural differences to implement effective strategies.

Prepare for Stakeholder Engagement Scenarios

Think of instances where you've collaborated with senior leaders or cross-functional teams. Be ready to discuss how you communicated insights on market trends and the effectiveness of reward programmes to influence decision-making.

Head of Reward
PaymentGenes Recruitment
Location: London
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