Reward Partner

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Date: 18-Jan-2023

Location: Macclesfield, GB London, GB

Company: Royal London Group

Job Title: Reward Partner

Contract Type: Permanent

Location: Nether Alderley or London

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 partner to join our either our Nether Alderley or London team on a permanent basis. Reporting to the Performance and Reward Director, the primary purpose of the role is to be a key contributor to the Group Reward strategy by designing, managing, communicating and evaluating policies and processes that enable the specific delivery of Compensation, Benefits and Performance Management.

 

You will lead as a subject matter expert to People Partners, management and executive stakeholders on all elements of the Reward & Performance agenda.

 

Key responsibilities

  • Develops proposals for cost effective reward strategy that help to attract, retain and motivate employees of the calibre required by RL and is aligned to the overall people strategy.
  • Develop an effective performance management strategy that aligns individual and business performance, stretches and develops individuals, and ultimately drives higher levels of business performance year on year.  Aligned to the overall people strategy.
  • Oversees the provision of Royal London’s benefit (excluding pensions) and benefits proposition, including supplier management, communications and employee engagement.
  • Development of 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.
  • 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
  • Plans and designs the Group’s annual pay and STIP review process. Project manages roll-out of pay review process.
  • Complete continuous research & analysis to ensure Royal London remains market competitive from a reward perspective.
  • Provide support to the Performance and Reward Director.

 

Criteria

  • Significant experience within a professional human resources environment and developing and implementing reward and performance programmes at all levels.
  • Expert knowledge of Reward schemes, Benefits and Performance Management.
  • Knowledge and experience within a Financial Services or regulatory environment.
  • A good understanding of executive renumeration and deferred compensation desirable.
  • Ability to communicate complicated concepts in a concise way to a wide range of people.
  • High level of analytical skills, numeracy and literacy.
  • Engaging with high level of consulting skills.
  • Ability to be able to separate the principle from the process.
  • PC Skills, including Excel, Word and PowerPoint.
  • 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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