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- Tasks: Manage and enhance employee benefits, ensuring excellent service and value for money.
- Company: Join St. James's Place, a diverse employer committed to inclusivity and community support.
- Benefits: Enjoy competitive pay, flexible working options, and a range of employee perks.
- Why this job: Be part of a dynamic team shaping employee wellbeing and making a real impact.
- Qualifications: Experience in employee benefits, strong analytical skills, and excellent communication abilities required.
- Other info: Lead a team of Reward Specialists and engage with various stakeholders across the business.
The predicted salary is between 43200 - 72000 £ per year.
This job is with St. James's Place, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.
The role will develop and support delivery of the total reward strategy across St James's Place (SJP) and Group Companies, as well as providing support to the SJP Partnership in relation to life and critical illness benefits. The role holder will focus on the development and delivery of SJP's employee benefits to include health & wellbeing, protection benefits, voluntary benefits, EV salary sacrifice car scheme and pension. They will also manage the My Rewards portal and support delivery of the annual remuneration review and other reward activities. They will work closely with external providers when relevant and be the 'go to' person for all Stakeholders on the benefits framework.
What you’ll be doing:
- Delivery of the SJP benefits proposition, including supporting to formulate the benefit strategy and owning the benefit related policy and procedures such as healthcare benefits, protection benefits, EV salary sacrifice car scheme, holiday, pension to voluntary benefits (dental, SmartTech, buy holiday, cycle to work, discounts hub) applicable to employees across the business and SJP Group; and protection benefits (Life & Critical Illness cover) that apply to the SJP Partnership.
- Manage the relationships with various 3rd party benefit and pension providers.
- Delivery of the benefits renewals, ensuring value for money as well as ensuring benefits administration and services are effective and provide excellent customer service to employees and SJP Partners.
- Prepare financial modelling and budgeting of the costs relating to SJP benefits, articulate costings and proposals to stakeholders for review, consideration and approval.
- Own the My Rewards portal including responsibility for overseeing maintenance and improvements to ensure a great employee experience.
- Develop & deliver aspects of SJP's Total Reward approach and offering, including ownership of specific reward projects (e.g. flexible benefits approach or new voluntary benefits) and liaising and coordinating with various departments across SJP to ensure timely delivery.
- Develop & support the delivery of the annual remuneration review (including remuneration review system build & testing, total reward statement data, bonus sacrifice to pension and outputs for payroll).
- Own aspects of the benchmarking process, including input into annual surveys, ad hoc benchmarking requests or benchmarking projects (across UK and Asia).
- Support total reward projects at SJP and drive continuous Improvement through knowledge of reward best practice, market Insights and SJP employee voice.
Who we’re looking for:
The ideal candidate will have proven reward expertise in employee benefits (healthcare & wellbeing, protection, EV company car schemes, pension, benefits platforms and technology). They will understand reward best practice and processes and have experience of reward platforms. They will also have knowledge of reward legislation - Tax and Payroll practices relating to benefits and HR system knowledge (ideally Business World-Unit 4) and excellent Excel skills. They will have excellent analytical and problem-solving capabilities and previous management experience. They will be a confident and discreet communicator who is comfortable influencing Stakeholders at all levels across the business.
Essential Criteria:
- Strong knowledge of employee benefit schemes, policies and laws (health, protection, pension, EV car salary sacrifice, wellbeing, voluntary benefits).
- Able to conduct data analysis and cost benefit analysis (benefits trends, effectiveness of benefit schemes, cost projections and cost-saving opportunities, maximising the value for employer and employees).
- Effective communicator - able to interact effectively with employees, Managers and external Providers and navigate complex negotiations with providers, leading on the employee benefits communications.
- Strong organisational knowledge (will be supporting SJP Group Companies) and problem-solving skills - able to solve complex issues relating to benefits administration, compliance and employee concerns.
- Lead and manage a team of 2 Reward Specialists.
Special Requirements:
Member of the Staff Pension Oversight Group.
Reward Manager - Benefits employer: St. James's Place
Contact Detail:
St. James's Place Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reward Manager - Benefits
✨Tip Number 1
Familiarise yourself with the latest trends in employee benefits and reward strategies. Understanding what’s currently popular in the industry will help you speak confidently about how you can contribute to SJP's total reward strategy.
✨Tip Number 2
Network with professionals in the rewards and benefits field, especially those who have experience with platforms like Business World-Unit 4. This can provide you with insights and potentially valuable connections that could help you during the interview process.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed relationships with third-party benefit providers. Highlighting your negotiation skills and ability to deliver excellent customer service will resonate well with the hiring team.
✨Tip Number 4
Brush up on your analytical skills, particularly in data analysis and cost-benefit analysis. Being able to demonstrate your proficiency in these areas will show that you can effectively assess the value of various employee benefits.
We think you need these skills to ace Reward Manager - Benefits
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in employee benefits, reward strategies, and any relevant management roles. Use specific examples that demonstrate your expertise in healthcare, protection benefits, and pension schemes.
Craft a Compelling Cover Letter: In your cover letter, express your passion for developing employee benefits and your understanding of reward best practices. Mention how your skills align with the responsibilities outlined in the job description, particularly in managing relationships with third-party providers.
Showcase Analytical Skills: Since the role requires strong analytical capabilities, include examples of data analysis or cost-benefit analysis you've conducted in previous positions. Highlight any experience you have with financial modelling related to employee benefits.
Highlight Communication Skills: Emphasise your ability to communicate effectively with various stakeholders. Provide examples of how you've navigated complex negotiations or communicated benefit changes to employees, showcasing your confidence and discretion.
How to prepare for a job interview at St. James's Place
✨Know Your Benefits Inside Out
Make sure you have a solid understanding of various employee benefits, especially those mentioned in the job description like healthcare, protection, and pension schemes. Be prepared to discuss how these benefits can be tailored to meet the needs of employees.
✨Showcase Your Analytical Skills
Since the role involves data analysis and cost-benefit assessments, come ready with examples of how you've successfully conducted similar analyses in the past. Highlight your proficiency in Excel and any relevant tools you've used.
✨Demonstrate Effective Communication
As a Reward Manager, you'll need to communicate complex information clearly. Prepare to discuss how you've navigated negotiations with external providers or communicated benefits to employees in previous roles.
✨Prepare for Stakeholder Engagement
The role requires influencing stakeholders at all levels. Think of instances where you've successfully engaged with different stakeholders and be ready to share your strategies for building relationships and gaining buy-in.
