Reward Lead

Wood has an exciting opportunity for a Reward Lead on a permanent basis. This role is open to remote working so applicants can be based anywhere within the UK. The position is part of the Reward & Mobility global team, reporting to the Reward Manager for APAC & EMEA you will support our regional Reward Team. The role will leverage expertise in both compensation and benefits.

The Role

• This role will provide reward expertise across the following aspects:
• Fixed reward – base salary, compensation structures, and pay management
• Variable reward – short- and long-term incentives programs
• Employee benefits – design, implement, annual reviews, optimisation of benefits offerings
• Governance – alignment with corporate governance standards

The primary objective will be to ensure that reward practices attract, retain, and motivate top talent while adhering to legal and regulatory requirements. You will collaborate closely with HR and senior leadership to influence and provide valuable insights and recommendations to guide decision-making as well as being the process and procedural expert across the total reward approach for your area. Whist supporting reward activities across EMEA and APAC, the role will hold primary accountability for UK reward matters including annual benefits enrolment, benefits governance and regulatory requirements such as UK & Ireland pay gap reporting. The role may also lead and support reward transformation initiatives, market reviews, salary structure analysis and the development of reward frameworks, providing recommendations and insight to support business and HR decision making. This role will support developing knowledge and understanding among senior leaders, HR teams and employees, with a focus on total reward.

What we can offer

• Meaningful and interesting projects; we continually strive improvements in the way we operate to ensure delivery excellence for our customers
• Flexible working arrangements that balance team and individual needs offering hybrid working arrangements
• Commitment to Diversity and Inclusion; we are an organisation actively committed to diversity and inclusion across our business with employee networks committed to giving all employees a voice
• Competitive salary with regular salary reviews to ensure we are rewarding at the right level in line with the market
• Flexible benefits package; inclusive of 33 days annual leave (including public holidays), generous contributory pension scheme, private medical cover, 4x base salary life insurance; all of these and more that can be adapted to suit your own lifestyle
• Commitment to continued professional development; development plans that are tailored to your individual needs and interests
• Global connections; join experts around the world who are at the leading edge of our industry, shaping the standards of our profession

Responsibilities

• Analysis: Conducts comprehensive analysis of often complex reward data, market trends, and industry benchmarks to evaluate the competitiveness and internal fairness of our reward packages
• Advisory Role: Provides guidance and recommendations to HR and management on reward matters, joining the dots within a total reward approach
• Data Management: Maintains accurate reward data in relevant internal or external systems, creates reports and dashboards, and provides insights to guide decision-making
• Survey Management: Leads or collaborates efforts of survey identification, participation, able to interpret results, and maintain relationship with survey vendors
• Reward Structure Management: Develops and maintains reward structures, ensuring internal equity and external competitiveness
• Reward Planning: Assists in annual budgeting processes providing market insights and building established relationships with Finance and Commercial teams
• Transparency and Documentation: Maintains focus on reward transparency, creating documents for use in communication and monitors and communicates effectiveness of reward programmes in a sensitive manner across a range of stakeholders (e.g., HR, managers, employees)
• Communication: Develops and delivers clear and effective communication materials to educate stakeholders on reward policies, changes, and opportunities
• Compliance: Ensures compliance with relevant laws and regulations in the design and administration of reward programs
• Process and operations: Ensures efficient processes, procedures and operations for day-to-day activities, ensuring these are communicated and embedded effectively in line with Policy requirements. Maintains awareness of broader process implications and wider impact on our total reward offering
• Project management: Manages designated reward projects through start up, execution and completion, maintaining appropriate stakeholder groups and engagement throughout
• Continuous Improvement: Actively stays informed about industry best practices, legislative changes, emerging trends, technology and innovative approaches in reward and make recommendations for program enhancements
• Vendor management: Leads on day-to-day interface with key vendors and escalating issues with process and service level agreements to get the most out of external vendors

Qualifications

What makes you remarkable? At Wood, we are committed to equal opportunities and welcome all talented individuals to consider joining our team. So even if you don't match every statement below but feel you have some of the experience, knowledge or skills needed for this role, we encourage you to apply. It will take all of us working together to deliver solutions to the world’s most critical challenges.

• Expected: Bachelor’s degree in human resources, Business Administration, or a related field. Master's degree
• Extensive experience in reward analysis and critical thinking, with a track record of improvements
• Demonstrated expertise in UK benefits and annual enrolment, vendor management and UK gender pay gap reporting
• Demonstrated ability to interpret complex reward and market data, identify trends and translate findings into practical business recommendations
• Proficiency in reward analysis tools and software, as well as advanced knowledge of Microsoft Excel
• Ability to challenge thinking and problem solve
• Ability to make robust business recommendations using data and experience, aligned with overarching philosophy and considered outcomes highlighting risks where appropriate
• Manage conflicting deadlines and priorities with a wide range of stakeholders
• Proven ability to work independently, manage ambiguity and solve problems whilst balancing competing priorities.
• Experience in developing, managing and maintaining processes and procedures, identifying and addressing issues through to measurable improvement
• Strong analytical and quantitative skills, with the ability to interpret and present complex data effectively
• Excellent communication and interpersonal skills, with the ability to communicate complex reward concepts to a non-technical audience
• In-depth knowledge of reward principles, laws, and regulations

Desirable: Additional reward specialist certification

Personal attributes:

• Detail-oriented with a high degree of accuracy and the ability to maintain confidentiality
• Flexible and open to change, balances humility and the ability to challenge others' thinking
• Strong project management and organisational skills
• Ability to work both independently and collaboratively in a team environment
• Reliable with professional attitude and operates with high integrity; approaches work with a can-do, proactive and collaborative attitude