Head of Reward

Head of Reward

City of 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 dynamic, global environment.

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 makes a competitive and equitable compensation package will help you stand out as a candidate who is not only knowledgeable but also innovative.

Tip Number 2

Network with professionals in the HR and compensation fields. Engaging with industry peers can provide insights into best practices and may even lead to referrals, which can be invaluable when applying for senior roles like Head of Reward.

Tip Number 3

Prepare to discuss your experience with RSU lifecycle management and compliance during interviews. Being able to articulate your hands-on experience with equity-based rewards will demonstrate your expertise and readiness for the role.

Tip Number 4

Showcase your analytical skills by being ready to discuss how you've used data to drive decisions in previous roles. Highlighting specific examples where your data-driven approach led to successful outcomes will resonate well with hiring managers.

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 Programme Design
Executive Compensation Management
Long-Term Incentives Management
Legal Compliance in HR

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.

Showcase Analytical Skills: Since the role requires analytical and data-driven decision-making, include specific examples in your application that demonstrate your ability to interpret data and make strategic decisions based on it.

Highlight Stakeholder Engagement: Discuss your experience in stakeholder management, particularly with senior leaders and cross-functional teams. Provide examples of how you've successfully aligned reward strategies with business needs in previous roles.

How to prepare for a job interview at PaymentGenes Recruitment

Understand the Total Rewards Strategy

Make sure you have a solid grasp of what a Total Rewards Strategy entails. Be prepared to discuss how you would align this strategy with the company's goals and values, showcasing your understanding of competitive compensation and benefits.

Showcase Your Analytical Skills

As the Head of Reward, you'll need to interpret data effectively. Bring examples of how you've used data to drive decisions in previous roles, particularly in compensation benchmarking or performance management systems.

Demonstrate Cross-Cultural Expertise

Given the global nature of the role, be ready to discuss your experience managing reward programs across different regions. Highlight any specific challenges you've faced and how you navigated local regulations while maintaining compliance.

Engage with Stakeholders

Prepare to talk about your experience working with senior leaders and boards. Think of examples where you've successfully aligned reward strategies with business needs and how you presented insights on market trends to stakeholders.

Head of Reward
PaymentGenes Recruitment
Location: City of London
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