Senior Reward Advisor

Job Title: Senior Reward Advisor

Location: Manchester

Reports to: Head of Reward

Type: Full-Time, Permanent (Hybrid Working)

About the Role

Key Responsibilities

1. Reward Strategy & Planning

• Collaborate with the Head of Reward to design and execute a competitive reward strategy aligned with business objectives.
• Lead market research and benchmarking exercises to ensure our compensation offerings are competitive in the market.
• Evaluate and develop reward schemes, including base pay, variable pay, and long-term incentives.

1. Compensation & Benefits

• Conduct regular salary reviews and advise on salary adjustments in line with market data, organizational performance, and business needs.
• Oversee annual salary review and bonus processes, ensuring accuracy, equity, and alignment with policy.
• Manage and refine the company's benefits programs, ensuring they align with employee needs and the overall reward strategy.

1. Executive Compensation & Incentives

• Provide expertise in executive compensation practices, working closely with HR, legal, and finance to design incentive programs.
• Support the development of long-term incentive plans (LTIPs) for senior leadership, including share plans and performance metrics.
• Stay informed on market trends and regulatory changes affecting executive pay.

1. Data Analysis & Reporting

• Analyze compensation data and trends, providing insights to guide decision-making at the senior management level.
• Prepare reports and present findings to HR, leadership, and board committees as needed.
• Monitor and ensure compliance with statutory reporting requirements (e.g., Gender Pay Gap reporting, pay ratio disclosures).

1. Reward Policy & Governance

• Develop and update reward policies and procedures in line with best practices, industry benchmarks, and legal requirements.
• Ensure all reward programs are designed and administered in compliance with regulatory standards.
• Act as the primary point of contact for reward-related queries, providing guidance to HR business partners and managers.

1. Employee Engagement & Communication

• Support internal communication and education initiatives related to reward and recognition programs.
• Work with internal communications to ensure employees understand reward programs and how they support the company’s values and goals.
• Collaborate on employee engagement surveys and other tools to evaluate the effectiveness of reward programs.

If this could be of interest, then please get in touch ASAP.