Reward Manager

TN United Kingdom; Birmingham; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Reward Manager for a 6-month fixed-term contract. This role is pivotal in driving compensation strategies and ensuring competitive salary offerings. You will analyze salary data, support job grading exercises, and contribute to the development of reward programs that align with business goals. Join a dynamic team dedicated to innovation in aerospace while enjoying a collaborative work environment that values diversity and inclusion. This is an opportunity to make a significant impact on the future of aviation and drive operational excellence.

Benefits

Competitive salary

Industry Leading Pension Scheme

Life Assurance 8 x salary

25 days holiday + bank holidays

Income protection

Cycle To Work Scheme

Employee Assistance Programme

Virtual GP Clinic

Qualifications

• Experience in performance and reward management, focusing on compensation and benefits.
• Strong analytical skills with proficiency in Excel and Microsoft applications.

Responsibilities

• Support job grading exercises and salary analysis to ensure consistency.
• Prepare annual salary ranges and conduct salary surveys with external providers.
• Provide training on reward processes to HR and stakeholders.

Skills

Compensation Analysis

Benefits Management

Salary Survey Management

Analytical Skills

Communication Skills

Excel Proficiency

Job Grading

Training Development

Knowledge of Global Rewards

Organizational Skills

Education

Degree in HR or related field

HR Qualification

Tools

Willis Towers Watson Job Grading Tool

SuccessFactors Compensation Module

Job description

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Fantastic challenges. Amazing opportunities.

GKN Aerospace is reimagining air travel: going further, faster and greener! Fuelled by great people whose expertise and creativity sets the standards in our industry, we’re inspired by the opportunities to innovate and break boundaries. We’re proud to play a part in protecting the world’s democracies. And we’re committed to putting sustainability at the centre of everything we do, opening up and protecting our planet. With over 16,000 employees across 33 manufacturing sites in 12 countries we serve over 90% of the world’s aircraft and engine manufacturers and achieved sales of £3.35 bn.in 2023. There are no limits to where you can take your career.

Job Summary

A Truly Global Business
Every day, around the world, we help aircrafts fly further, faster and greener. We’re the world’s leading tier one aerospace supplier of systems and components. Together as “one GKN” we’re moving our business and industry forward developing technologies that rapidly decarbonise aircraft, and innovating to help build a new generation of planes that produce zero emissions. We’re putting sustainability at the heart of what we do; driving our objective to becoming a net zero greenhouse gas emissions business before 2050!

It’s great to know you’re making a difference to the future of aviation! Whatever part you play you’ll be helping us deliver operational excellence to our customers.
We are seeking a Reward Manager to join the team on a 6 month Fixed Term Contract. The role will be remotely based with some travel to site depending on business and team needs.

How You'll Contribute

The successful candidate will

• Support and perform job grading exercises using WTW approach and salary analysis to ensure consistency in grading and benchmark comparisons, in conjunction with relevant stakeholders.
• Analyse annual salary ranges and reviews areas of challenge.
• Prepare next year’s ranges and ensure a clear, consistent and robust approach.
• Completes relevant salary surveys with external data providers, as required.
• Supports planning and preparation for the next reward season e.g. salary review/annual bonus to capture both system and process changes and associated testing.
• In conjunction with Reward Directors, supports opportunities to expand system functionality for salary review/bonus to broader groups, ensuring their needs are captured.
• Supports administration of long-term incentive plans (including share based plans) as well as ensuring systems reflect accurate information.
• Health and Wellbeing – reviews current offering and make recommendations for change. Contributes to relevant health and wellbeing initiatives.
• Provides training and education to the HR community and other stakeholders on Reward related items.
• Advanced planning for upcoming legislative changes e.g. EU pay transparency.
• Metrics and analysis of reward related trends in the workforce, with associated reporting where required.
• Supports Reward related projects in support of Business and HR Strategy.
  

What You'll Bring

To help us make a difference, you’ll bring your passion and expertise/ talent for what you do along with the following skills, experience, qualifications and attributes:

• Experience working in the performance and reward arena, with specific experience on compensation, benefits, total reward etc
• Experienced in managing Salary and Benefits surveys & development of salary ranges.
• Experience in using systems to run compensation/incentive processes.
• Knowledge and experience of Willis Towers Watson compensation philosophy & using and applying their job grading tool.
• Able to develop and deliver training on complex reward processes to diverse audiences.
• Excellent excel skills and proficient on all other Microsoft applications.
• Must be able to communicate clearly, both written and verbally.
• Strong analytical skills.
• Must be able to effectively read, analyse, interpret and present numerical data.
• Must be organised, accurate, thorough and able to monitor work for quality.
• In-depth knowledge of global rewards and analysis.
• Knowledge of Success Factors compensation module
• Experience of benefits and wellbeing initiatives
• Degree education and/or HR qualification or significant experience in this area.
• Previous experience in a multi-cultural and global matrix organisation. Thorough understanding of the challenges of working across global time zones, languages and cultural differences.
• Knowledge of global regulations and laws related to compensation and benefits

What We'll Offer

Once you’re on board you’ll get the following perks and benefits:

• Competitive salary dependent on experience
• Industry Leading Pension Scheme = we’ll match your contributions up to 8% on a 1 : 1.5 basis
• Life Assurance 8 x salary
• 25 days holiday + bank holidays
• Income protection
• Cycle To Work Scheme
• Employee Assistance Programme
• Virtual GP Clinic for you and immediate family
• A collaborative, dynamic working environment

As well as a competitive package we’ll offer you a world of opportunity. We want to see your career fly! We’ll support your career progression by providing you with learning and development opportunities. That’s the beauty of being part of a global business, once you’re on board you never know where your career journey may take you!

Why Join Us

A Great Place to work needs a Great Way of Working
Everyone is welcome to apply to GKN. Through our commitment to diversity, inclusion and belonging and by living our five powerful principles we’ve created a culture where everyone feels welcome to contribute. It’s a culture that won us ‘The Best Workplace Culture Award’ last year. By embracing and celebrating what makes us unique we encourage everyone to bring their full self to work.
We’re also committed to providing an accessible recruitment process, so if you require reasonable adjustments at any stage during our recruitment process please get in touch and let us know.

We’ll offer you fantastic challenges and amazing opportunities. This is your chance to be part of an organisation that has proven itself to be at the cutting edge of our industry; and is committed to pushing the boundaries even further. And with some of the best training on offer in the industry, who knows how far you can go?

A Great Place to work needs a Great Way of Working

Everyone is welcome to apply to GKN. We believe that we can only achieve our ambitions through a coming together of diverse minds who enjoy collaborating in an inspirational environment. Through our commitment to diversity, inclusion and belonging and by living our five powerful principles we’ve created a culture where everyone feels welcome to contribute. It’s a culture that won us ‘The Best Workplace Culture Award’. By embracing and celebrating what makes us unique we encourage everyone to bring their full self to work.

We’re also committed to providing an accessible recruitment process, so if you require reasonable adjustments at any stage during our recruitment process please get in touch and let us know.

We are the place where human dreams, plus human endeavour, shape the future of aerospace innovation and technology.

#LI-REMOTE