Rewards Specialist - London, United Kingdom - Lockton, Inc.

Lockton, Inc.
Lockton, Inc.
Verified Company
London, United Kingdom

1 week ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description

General information:


Reference :002049


Vacancy location:


Location:

UK, London, London


Vacancy details:


Job Profile:

Lockton - Experienced Professional


Title:

Rewards Specialist


Description:


Lockton are currently recruiting for an experienced Reward and Benefits Specialist to join our growing People function, in a newly created position.

This is an excellent business-facing opportunity for a dynamic and extremely driven individual, joining a transforming business at a pivotal moment in the development of our Reward framework in the UK, Europe and across International.


Role responsibilities:
Interface with Business

  • Work closely with the Head of Reward to manage the compensation, benefits and wellbeing framework for the business internationally (with a particular focus on UK & Europe)
  • Deliver, alongside the Head of Reward, the annual pay review processes in a robust, accurate and timely manner
  • Be focused on delivering a unique and best in class total reward offering for Associates and Partners at Lockton
  • Partner with the business to provide advice and guidance on compensation, market and pay analysis and benefit activities
Remuneration and Benefit Plans

  • Act as a business expert across all plans and work closely with the HR Business Partners
  • Drive regular remuneration and benefit plan communications
  • Maintain effective relationships with key third party relationships and external advisors within clearly defined and timely processes
  • Take ownership of the reward components of the UK partnership in conjunction with Payroll, Finance and Tax to ensure reporting deadlines are met
  • Understanding and recording of Partner and Associate commitments including guarantees and buyouts as part of best practice
  • Responsibility for all monthly and annual reporting requirements
Market and Pay Analysis

  • Manage annual and adhoc compensation survey submissions
  • Manage all benchmarking analysis working closely with the People MI Analyst, including presentation of findings to the HR Business Partners and business stakeholders
  • Provide guidance to the recruitment and payroll team as part of a robust approval process for new hires
  • Awareness of wider total reward initiatives and keen to build external relationships
HR Systems / Processes / Projects

  • Lead on the implementation a new compensation management platform for FY23 (UK & Europe) and FY24 for International
  • Ensure all reward related processes systems offer a high level of user experience
  • Work closely with the HR Operations and Payroll on monthly processes
Essential

  • Significant previous experience within Reward compensation and benefits
  • Highly analytical able to analyse large sets of data and identify key themes, anomalies and trends, and translate into summaries and proposals
  • Excellent at problem solving able to distil information from a variety of sources to diagnose problems and develop solution
  • Excellent Excel ability able to manipulate large data sets
  • Driven to make an impact leveraging data to drive proposals and challenge practices, to identify and drive highimpact solutions.
  • Excellent communication skills able to articulate and advise on complex queries to a variety of audiences, including senior stakeholders
  • Commercial and clientfocussed ensuring a people perspective is at the heart of every solution
  • Excellent attention to detail ability to interpret large amounts of information quickly.
Desirable

  • Previous experience in the insurance broking industry
  • Previous experience of Wellbeing within Reward
  • Change management exposure to projects involving change management and an understanding of how to effectively influence
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