Reward Partner

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