Head of Total Reward

The Economist Group; Greater London; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading global organisation is seeking a professional to oversee all aspects of compensation and benefits. This role involves designing and implementing competitive total rewards strategies to enhance talent retention and foster a positive employee experience. Ideal candidates will have over 10 years in a leadership role within compensation and benefits programs. The position promotes a commitment to innovation and inclusivity, and offers a comprehensive benefits package, including health insurance and work-from-anywhere options.

Benefits

Competitive pension or 401(k) plan

Private health insurance

Work From Anywhere program

Generous annual and parental leave

Access to well-being resources

Qualifications

• 10+ years of experience in global compensation and benefits programs.
• Proven ability to align strategies with business goals.
• Experience in Remco and executive compensation.

Responsibilities

• Develop compensation and benefits strategies aligned with business goals.
• Analyze market trends for competitive compensation.
• Manage employee benefits programs to enhance satisfaction.

Skills

Leadership

Analytical skills

Communication

Strategic mindset

Problem-solving

Knowledge of labor laws

Job description

We are an organisation that exists to drive progress. That's the “red thread” that connects everyone at The Economist Group (TEG). Our businesses share a devotion to innovation, independence and rigour in their fields of expertise. We empower people to understand and tackle the critical challenges and changes facing the world. Our analytical rigour, global expertise and evidence-based insights enable individuals and organisations to make sense of these shifts and chart a course through them.

We deliver analysis and insights in many formats to subscribers and clients in 170 countries through our four businesses, The Economist, Economist Impact, Economist Intelligence and Economist Education, which uphold our global reputation for excellence and integrity.

The Role

In this role you will be responsible for overseeing all aspects of compensation, benefits, and reward programs for the TEG Colleagues. You will play a crucial role in designing and implementing competitive total rewards strategies, fostering a positive employee experience, and supporting the company's talent retention and attraction efforts.

Key Responsibilities

• Develop and execute a comprehensive total rewards strategy that aligns with the organisation's business goals, values, and competitive positioning in the market.
• Analyse market trends and benchmarks to ensure that compensation and benefits packages remain competitive.
• Compensation Management
  • Lead the design, implementation, and administration of the company's compensation programs, including base salary, incentives, and equity plans.
  • Ensure that compensation practices comply with applicable laws and regulations.
• Benefits and Well-being
  • Oversee the management and administration of employee benefits programs, such as health insurance, retirement plans, and wellness initiatives.
  • Evaluate and recommend improvements to the benefits offering to enhance employee satisfaction and retention.
• Performance and Recognition
  • Develop and manage performance recognition and reward programs to motivate and engage employees.
  • Collaborate with HR business partners to ensure that reward initiatives are integrated with performance management processes.
• Data Analysis and Reporting
  • Utilise data analytics to assess the effectiveness of reward programs and make data-driven recommendations for enhancements.
  • Prepare and present reports to senior leadership on compensation and benefits trends and initiatives.
• Compliance and Communication
  • Stay up-to-date with legislation and regulations related to compensation and benefits, ensuring the company's compliance.
  • Communicate changes and updates in compensation and benefits programs to employees effectively.
• Statutory Compliance
  • Monitor changes in legislation related to compensation practices.
  • Conduct audits, including Gender & Ethnicity Pay Gap reporting, Equal pay, Minimum wage, and Living wage accreditation.
• Reward and Recognition
  • Assist in designing Executive Management discretionary bonus arrangements.
  • Provide guidance on bonus design for relevant teams.
  • Explore new ways to reward and recognize employees, supported by ROI analysis.
• Budgeting and Forecasting
  • Collaborate with P&OD and Finance to budget and forecast reward and recognition costs.
  • Ensure accuracy of staffing budget records related to RemCo decisions.

Skills and Experience

• A proven track record in developing and implementing innovative compensation and benefits programs in a global organisation, with at least 10 years in a leadership role
• Proven track record of developing and implementing comprehensive total rewards strategies aligned with business goals
• In-depth knowledge of compensation program design, including base salary structures, incentives, and equity plans
• Remco exposure and executive compensation experience
• Proven ability to align total rewards strategies with organisational business goals and values
• Strong analytical and problem-solving skills, with the ability to use data to drive decision-making
• Exceptional leadership skills with experience managing a team
• In-depth knowledge of labour laws and regulations
• Outstanding communication and collaboration abilities
• A strategic mindset and a forward-thinking approach to reward and recognition

AI usage for your application

We are an innovative organisation that encourages the use of technology. We recognise that candidates may utilise AI tools to support with their job application process. However, it is essential that all information you provide truthfully and accurately reflects your own experience, skills, and qualifications.

What we offer

Our benefits package is designed to support your wellbeing, growth, and work-life balance. It includes a highly competitive pension or 401(k) plan, private health insurance, and 24/7 access to counselling and wellbeing resources through our Employee Assistance Program.

We also offer a range of lifestyle benefits, including our Work From Anywhere program, which allows you to work from any location where you have the legal right to do so for up to 25 days per year. In addition, we provide generous annual and parental leave, as well as dedicated days off for volunteering and even for moving home.

You will also be given free access to all The Economist content, including an online subscription, our range of apps, podcasts and more.

We are committed to building and retaining a diverse and inclusive workforce.