Head of Executive Reward and Share Plans

As a senior member of our Reward Leadership Team and a key expert within our global reward community, the Head of Executive Reward plays a pivotal role in shaping and delivering reward strategy for our WL4+ population. The role supports both our business and people strategy, holding accountability for reward policy, long-term design, process management and governance for senior colleagues and for our global share plans, as well as leading group-wide reward projects that enhance and strengthen our approach. You will oversee the full reward cycle for WL4+ colleagues across the Tesco Group - including base pay, annual bonus and long-term incentives - ensuring our framework is simple, fair, competitive and sustainable. The remit spans multiple markets including the UK, Ireland, Central Europe and India, as well as Tesco Business Services, Dunnhumby, Tesco Bank, One Stop and Booker. The role also manages key third-party partnerships such as share plan providers and holds responsibility for the associated budget. As a trusted adviser to senior business leaders, you will guide decision‑making to ensure reward is set and delivered appropriately across a diverse global organisation.

Key Responsibilities

• Development of WL4+ executive reward policy and strategy to support the new long‑term business strategy, including the review of the executive remuneration policy, planning and implementation of shareholder consultations.
• Management and governance of annual reward processes – salary reviews, bonus outturns, long‑term incentive grants and vestings.
• Producing papers for Tesco Plc Rem.Co. and managing day‑to‑day relationship with external Rem.Co. advisers.
• Reviewing and inputting to papers for the Tesco IMS Rem Co, and acting as a consultant to the IMS Rem Co chair and IMS Head of People.
• Reward consultancy to People Directors and People partners on executive hiring & terminations, incentive plan design, share plans, talent retention, discretion on policy, global grading.
• Overseeing the design, implementation and governance of our colleague share plans across the group (e.g. SAYE, BAYE).
• Collaborate with other functions in setting and monitoring business KPIs associated with reward programmes.
• Lead the team to develop high‑quality insight and data to support reward decision making.
• Lead the development/support of other reward leaders to implement digital global reward tools and processes that deliver a great line‑manager and employee experience, achieve business objectives and recognise local legal/market/cultural differences.
• Executive reward communications in partnership with the communications teams.

Reward Consultancy

• Consultancy on mergers, acquisitions and disposals, TUPE transfers.
• Support in the design of new incentives and other reward programmes to support the talent strategy and organisation design.
• Reward consultancy to People Directors and Strategic Business partners on incentive plan design, talent retention, discretion on policy, job evaluation, pay transparency, communications strategy, support on other Remuneration Committees within the Tesco Group (Tesco Insurance and Money Services), as required.

People Team Partnership

• Partner with the relevant parts of the people operating model to deliver the reward agenda – including strategic business partners, reward leaders in the reward practice of expertise, talent and capability practice of expertise, Global Business Services team, market people services teams, and the Projects, Planning and Change team.

Management of Third Parties

• Market data providers, strategic reward consultants, communication specialists, legal advisers, share plan providers.

Budget and Forecasting

• Forecasting and managing the team budget.

Experience & Qualifications

• Experience in developing and drafting proposals for the Group Executive Committee and Remuneration Committee's approval.
• Experience in developing reward strategies within complex organisations.
• Experience in delivery of pay review processes, share plans, incentives within large organisations.
• Experience in managing change within large international organisations.
• Up‑to‑date knowledge of current and emerging Executive Compensation and legislative and tax changes across the markets in which we operate.
• Experience in delivering a broad agenda, proven track record of coping with a broad remit with resilience.
• Experience of working in reward in a regulated financial services organisation is desired but not essential.

Skills & Behavioural Traits

• Highly credible relationship builder, manager and influencer across the group.
• Ability to communicate complexity in a simple way.
• Ability to adapt style to different audiences and cultural differences and influence where appropriate, self‑awareness.
• Natural ability to switch between defining strategy, analytical thinking, and operational planning and execution.
• Coaching / consultative approach with team and stakeholders.
• Open‑minded, adaptable, proactive with exceptional listening skills and good judgement.
• Willing and able to lead change from the front.
• Ability to challenge the thinking of your peers, team and business leadership in an effective and appropriate manner.
• Bring a big‑picture vision and appreciation of the global, external factors that influence Reward priorities in an organisation such as Tesco.
• Future‑thinking and driven by the opportunity to leave a meaningful legacy across the organisation.
• An interest in current and emerging reward trends, legislative and tax changes, and technology across the markets in which we operate.
• Exceptional business and financial acumen, Disability Confident.

About Disability Confident

Disability Confident is an employer commitment to offer interview opportunities to any applicant who declares a disability and meets the minimum criteria for the job. In certain recruitment situations such as high‑volume, seasonal and high‑peak times, the employer may choose to limit the overall numbers of interviews for disabled and non‑disabled candidates. For more details please visit the Disability Confident website.

Company Overview

Tesco has become a market leader by doing the little things that really matter for our customers and colleagues. It is part of what makes Tesco such a great place to work, and we are proud to have been accredited as one of Britain's Top Employers again this year. We are the UK's number one retailer and we pride ourselves on offering a great shopping experience. We are passionate about our food, merchandise and services and will always try to get things right for our customers. We also offer great job opportunities across stores, distribution centres and offices throughout the UK, with a vast variety of roles for people hungry to work with customers and colleagues across our exciting business. We believe in treating each other with respect and giving everyone an equal opportunity to succeed. It’s our people that make the difference every day – helping us make a difference for our customers.

Benefits

• Annual bonus scheme of up to 45% of base salary.
• Car cash allowance.
• Holiday starting at 25 days plus a personal day (plus bank holidays).
• Private medical insurance.
• Retirement savings plan – you save between 6% and 10% and Tesco will contribute 1.5 times this amount.
• 26 weeks maternity and adoption leave (after 1 year’s service) at full pay, followed by 13 weeks of statutory maternity or adoption pay; we also offer 6 weeks fully paid paternity leave.