Reward Consultant

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Date: 19-Jan-2023

Location: London, GB Macclesfield, GB

Company: Royal London Group

Job Title: Reward Consultant

Contract Type: Permanent

Location: London or Nether Alderley

Closing date: 2nd February 2023

 

At Royal London we believe your difference is our strength and our organisation benefits from the different perspectives that diversity brings. Studies have shown that people from under-represented groups are less likely to apply unless they meet every requirement. So, if you’re excited about this role but your past experience isn't a perfect fit with the job description, we encourage you to apply anyway as you may be the right candidate for this or other opportunities.

 

About the role

We are currently looking for a Reward Consultant to join either our Nether Alderley or London team on a permanent basis. Reporting to the Head of Reward, the primary purpose of the role is to be a key contributor to the Group Reward strategy by designing, managing, communicating and evaluating reward policies and processes that enable the specific delivery of Compensation, Benefits, Executive Remuneration and   regulatory reward requirements.

 

You will act as a key internal subject matter expert consultant to People Partners, management and senior stakeholders on all elements of the Reward & Performance agenda with a particular focus executive remuneration and regulation.

 

Key responsibilities

  • Serves as an expert within the Group on both Reward and Performance related matters, with a good understanding of other disciplines within the People function.
  • Develops proposals for cost effective reward schemes/systems that help to attract, retain and motivate employees of the calibre required by RL. Looks beyond existing methodologies.
  • Supports the design, planning, and delivery of the  annual pay and bonus review process Provides reward expertise to specific business areas on these processes.  
  • Oversee the analysis, reporting and communication of executive and deferred remuneration.
  • Supports the provision of Royal London’s benefit (excluding pensions) and benefits proposition, including supplier management, communications and employee engagement.
  • Provides expert analytical support to the Head of Reward.

 

Criteria

  • Experience in a professional human resources environment and developing and implementing reward programmes at all levels.
  • Knowledge of Reward schemes and Employee Benefits.
  • Regulatory knowledge and understanding of executive renumeration and deferred compensation having previously ran annual reward cycles or deferred renumeration processes.
  • Knowledge and experience within a Financial Services, Asset Management or regulatory environment is preferred.
  • High level of analytical skills, numeracy and literacy.
  • Ability to communicate complicated concepts in a concise way to a wide range of people.
  • Engaging with high level of consulting skills.
  • Ability to be able to separate the principle from the process.
  • Advanced Excel skills.
  • Knowledge of SuccessFactors is desirable

 

What we offer

We've always been proud to reward our employees by offering a number of great benefits including:

  • A generous group pension scheme (up to 14% matching employer contribution)
  • 28 days annual leave plus bank holidays with the option to buy/sell up to 5 days
  • Annual company and performance based bonus
  • Life assurance (up to 8 x annual salary)
  • Enhanced parental leave policies
  • Private medical insurance
  • Employee Assistance Programme - Access 24/7 to confidential health, legal & financial advice

Full details can be found on our benefits page

 

About Royal London

Royal London is the largest mutual life insurance, pensions and investment company in the UK.  Since its foundation 160 years ago, Royal London has supported millions of people to protect and provide for themselves and their families.

 

At Royal London, our People Promise is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This promise has been at the heart of our approach to hybrid working, ensuing a balance of time working in our offices, supporting the culture of collaboration and inclusion and some working time from home, so we can all continue to benefit from the flexibility this brings. Our hybrid working approach is built around our mutual mindset, thinking about what is good for us as individuals (the ‘me’) and in the context of what is right for our customers, our colleagues and The Royal London group (the ‘we’). Together we belong- collaborate – learn and perform.

 

Our expectation is that colleagues working in hybrid roles will come into the office for 50% of their time, and the rest from home. We want to be as consistent as we can with our approach but we also appreciate some colleagues need adjustments based on personal circumstances. (e.g. to support a disability, or caring responsibility) and / or may wish to formally seek a flexible working pattern in line with our flexible working policy.

 

We appreciate the world of work continues to evolve and we will continue to listen to our colleagues views on this whilst ensuring our on-going approach is right for our business and customers

We are an equal opportunities employer. We work hard to attract the best talent for our award-winning team. We believe that embracing difference makes us stronger. Our diverse people bring us different skills – whatever their educational background, disability, gender, age, sexual orientation, race, religion or belief.


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