Reward Lead (Compensation and Benefits)
Wood PLC

Job Info

---

JOB DESCRIPTION

As part of the Reward & Mobility global team, reporting to a reward leader, this role is designed to be flexible to identify expertise in both Compensation and Benefits, this role will support the delivery of reward activity across the following aspects of reward:

• Fixed reward - base salary, compensation structures, and pay management
• Variable reward - short and long term incentives both cash and equity based
• Executive compensation and corporate governance
• Employee benefits

The primary objective will be to ensure that reward practices attract, retain, and motivate top talent while adhering to legal and regulatory requirements. You will collaborate closely with HR and senior leadership to provide valuable insights and recommendations to guide decision-making as well as being the process and procedural expert across the total reward approach for your area.

This role will support developing knowledge and understanding among senior leaders, HR teams and employees, with a focus on total reward.

• Analysis: Conducts comprehensive analysis of often complex reward data, market trends, and industry benchmarks to evaluate the competitiveness and internal fairness of our reward packages.
• Advisory Role: Provides guidance and recommendations to HR and management on reward matters, joining the dots within a total reward approach.
• Data Management: Maintains accurate reward data in relevant internal or external systems, creates reports and dashboards, and provides insights to guide decision-making.
• Survey Management: Lead or collaborate efforts of survey identification, participation, able to interpret results, and maintain relationship with survey vendors.
• Reward Structure Management: Develops and maintains reward structures, ensuring internal equity and external competitiveness.
• Reward Planning: Assists in annual budgeting processes providing market insights and building established relationships with Finance and Commercial teams.
• Transparency and documentation: Maintains focus on reward transparency, creating documents for use in communication and monitors and communicates effectiveness of reward programmes in a sensitive manner across a range of stakeholders (e.g., HR, managers, employees).
• Communication: Develops and delivers clear and effective communication materials to educate stakeholders on reward policies, changes, and opportunities.
• Compliance: Ensures compliance with relevant laws and regulations in the design and administration of reward programs.
• Process and operations: Ensures efficient processes, procedures and operations for day-to-day activites , ensuring these are communicated and embedded effectively in line with Policy requirements. Maintains awareness of broader process implications and wider impact on our total reward offering.
• Project management: Manages designated reward projects through start up, execution and completion, maintaining appropriate stakeholder groups and engagement throughout.
• Continuous Improvement: Actively stays informed about industry best practices, legislative changes, emerging trends, technology and innovative approaches in reward and make recommendations for program enhancements.
• Vendor management: Leads on day-to-day interface with key vendors and escalating issues with process and service level agreements to get the most out of external vendors.
• Other duties as assigned.

Qualifications:

• Bachelor's degree in Human Resources, Business Administration, or a related field. Master's degree. Additional reward specialist certification is a plus.

Knowledge, skills and experience:

• Several years of deep experience in reward analysis and critical thinking, with a track record of improvements.
  • Strong background with compensation strategy
• Proficiency in reward analysis tools and software, as well as advanced knowledge of Microsoft Excel.
• Ability to challenge thinking and problem solve.
• Ability to make robust business recommendations using data and experience, aligned with overarching philosophy and considered outcomes highlighting risks where appropriate.
• Manage conflicting deadlines and priorities with a wide range of stakeholders.
• Experience in managing and maintaining processes and procedures, identifying and addressing issues through to measurable improvement.
• Strong analytical and quantitative skills, with the ability to interpret and present complex data effectively.
• Excellent communication and interpersonal skills, with the ability to communicate complex reward concepts to a non-technical audience.
• In-depth knowledge of reward principles, laws, and regulations.
• Bilingual has the ability to communicate effectively in Spanish, both written and verbal strongly preferred
• Experience with updating salary bands after comprehensive analysis of compensation data, market trends, and industry benchmarks
• Has experience with HRMS Compensation Tools

Personal attributes:

• Detail-oriented with a high degree of accuracy and the ability to maintain confidentiality.
• Flexible and open to change, balances humility and the ability to challenge others' thinking.
• Strong project management and organizational skills.
• Ability to work both independently and collaboratively in a team environment.
• Reliable with professional attitude and operates with high integrity; approaches work with a can-do, proactive and collaborative attitude.

---