Reward Partner

Somerset Bridge; Bristol; Hybrid; GBP 45,000 - 60,000; Full time

Job summary

A leading organization in HR is looking for a Reward Partner to play a vital role in shaping and delivering compensation and benefits strategies for 700 employees. Responsibilities include developing competitive compensation strategies, overseeing employee benefits programs, and managing market analysis. Candidates should possess strong analytical and communication skills, along with prior experience at Reward Partner or Manager level. This position offers a flexible working arrangement and numerous benefits, including discretionary bonuses and a pension scheme.

Benefits

Hybrid working arrangement

25 days annual leave

Discretionary annual bonus

Pension scheme

Healthcare Cash Plan

Exclusive retailer discounts

Enhanced parental leave

Life Assurance

Qualifications

• Prior experience operating at Reward Partner or Manager level.
• Strong understanding of compensation methodologies and benefits administration.
• Excellent analytical and quantitative skills.
• Knowledge of relevant employment laws and regulations.

Responsibilities

• Develop and implement a competitive compensation strategy.
• Oversee the design and administration of employee benefits programs.
• Manage the annual compensation planning process.
• Conduct regular benchmarking and market analysis.
• Prepare required reports on compensation and benefits programs.

Skills

Analytical skills

Communication skills

Interpersonal skills

Job description

Reward Partner

Department: [SBSS] HR

Employment Type: Permanent - Full Time

Location: Bristol

Description

As a Reward Partner, you will play a lead role in shaping and delivering our compensation and benefits strategy for a workforce of 700 employees. You’ll design, develop, and implement innovative reward programs that attract, retain, and motivate top talent, ensuring alignment with our business goals and compliance within a regulated environment. We can be flexible on this role being full-time (37.5 hpw) or part-time (22.5 – 30 hpw).

What you'll be responsible for:

Compensation Strategy:

• Develop and implement a competitive compensation strategy aligned with the organisation's business goals and objectives.
• Conduct market analyses to ensure the organisation's salary structures remain competitive.

Benefits Administration:

• Oversee the design, administration, and communication of employee benefits programs along with any changes, to include pensions, life assurance, health care cash plans and wellness initiatives.
• Evaluate and recommend changes to benefits offerings based on market trends and employee needs.
• Supplier Relationships

Job Evaluation and Grading:

• Maintain the WTW job evaluation & grading process with support from HR team
• Ensure new roles are appropriately graded and aligned with the organisation's compensation philosophy.
• Work with Talent Acquisition team to evaluate new positions as needed.

Compensation Planning:

• Manage the annual compensation planning process, including merit increases, and bonus programs.
• Provide guidance to HR and management on compensation-related matters.

Market Analysis and Benchmarking:

• Conduct regular benchmarking and market analysis to ensure the competitiveness of the organisation's compensation and benefits programs.
• Stay informed about industry trends and best practices.

Compliance and Reporting:

• Prepare and submit required reports
• Stakeholder Management
• Support Talent Management Cycle & Outputs

Data Analysis and Metrics:

• Work with HR Team and HR Analytics to assess the effectiveness of compensation and benefits programs.
• Prepare and present reports on key metrics to senior leadership.

What you'll need:

• Prior experience operating at Reward Partner or Manager level
• Strong understanding of compensation methodologies, market pricing, and benefits administration.
• Excellent analytical and quantitative skills.
• Knowledge of relevant employment laws and regulations.
• Exceptional communication and interpersonal skills.

Our Benefits

• Hybrid working – 2 days in the office and 3 days working from home
• 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
• Discretionary annual bonus
• Pension scheme – 5% employee, 6% employer
• Flexible working – we will always consider applications for those who require less than the advertised hours
• Flexi-time
• Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
• Electric vehicle – salary sacrifice scheme
• 100’s of exclusive retailer discounts
• Professional wellbeing, health & fitness app - Wrkit
• Enhanced parental leave, including time off for IVF appointments
• Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
• Life Assurance – 4 times your salary
• 25% Car Insurance Discount
• 20% Travel Insurance Discount
• Cycle to Work Scheme
• Employee Referral Scheme
• Community support day