Head of Executive Reward and Share Plans

13 Days Old

As a senior member of our Reward Leadership Team and a key expert within our global reward community, the Head of Executive Reward plays a pivotal role in shaping and delivering reward strategy for our WL4+ population. The role supports both our business and people strategy, holding accountability for reward policy, long‑term design, process management and governance for senior colleagues and for our global share plans, as well as leading group‑wide reward projects that enhance and strengthen our approach.You will oversee the full reward cycle for WL4+ colleagues across the Tesco Group — including base pay, annual bonus and long‑term incentives — ensuring our framework is simple, fair, competitive and sustainable. The remit spans multiple markets including the UK, Ireland, Central Europe and India, as well as Tesco Business Services, Dunnhumby, Tesco Bank, One Stop and Booker. The role also manages key third‑party partnerships such as share plan providers and holds responsibility for the associated budget.As a trusted adviser to senior business leaders, you will guide decision‑making to ensure reward is set and delivered appropriately across a diverse global organisation. The role also provides critical support to the People Director, Reward, Wellbeing & Recognition in managing the PLC and Tesco Insurance & Money Services Remuneration Committee cycles, ensuring robust governance and adherence to high standards of compliance and transparency.Strategic and operational reward & pay governance for WL4+Development of WL4+ executive reward policy and strategy to support the new long term business strategy – including the review of the executive remuneration policy, planning and implementation of shareholder consultations.Management and governance of annual reward processes – salary reviews, bonus outturns, long term incentive grants and vestings.Producing papers for Tesco Plc Rem.Co. and managing day‑time relationship with external Rem.Co. advisersReviewing and inputting to papers for the Tesco IMS Rem Co, and acting as a consultant to the IMS Rem Co chair and IMS Head of People.Reward consultancy to People Directors and People partners on executive hiring & terminations, incentive plan design, share plans, talent retention, discretion on policy, global gradingOverseeing the design, implementation and governance of our colleague share plans across the group e.g. SAYE, BAYECollaborate with other functions in setting and monitoring business KPIs associated with reward programmesLead the team to develop high quality insight and data to support reward decision makingLead the development/support other reward leaders to develop and implement digital global reward tools and processes that deliver a great line manager and employee experience, achieve business objectives and recognise local legal/market/cultural differencesExecutive reward communications in partnership with the communications teamsReward consultancyConsultancy on mergers, acquisitions and disposals, TUPE transfersSupport in the design of new incentives and other reward programmes to support the talent strategy and organisation designReward consultancy to People Directors and Strategic Business partners on incentive plan design, talent retention, discretion on policy, job evaluation, pay transparency, communications strategy, support on other Remuneration Committees within the Tesco Group (Tesco Insurance and Money Services), as required)People team partnershipPartner with the relevant parts of the people operating model to deliver the reward agenda – including strategic business partners, reward leaders in the reward practice of expertise, talent and capability practice of expertise, Global Business Services team, market people services teams, and the Projects, Planning and Change team.Management of third partiesMarket data providers, strategic reward consultants, communication specialists, legal advisers, share plan providersForecasting and managing the team budgetExperience required for this jobExperience in developing and drafting proposals for the Group Executive Committee and Remuneration Committee’s approvalExperience in developing reward strategies within complex organisationsExperience in delivery of pay review processes, share plans, incentives within large organisationsExperience in managing change within large international organisationsUp to date knowledge of current and emerging Executive Compensation and legislative and tax changes across the markets in which we operateExperience in delivering a broad agenda, a proven track record in being able to cope with a broad remit with resilienceExperience of working in reward in a regulated financial services organisation is desired but not essentialSkills/Behavioural Traits required for this jobHighly credible relationship builder, manager and influencer across the groupAbility to communicate complexity in a simple wayAbility to adapt style to different audiences and cultural differences and influence where appropriate, self awarenessA natural ability to switch between defining strategy, analytical thinking, and operational planning and executionCoaching / consultative approach with team and stakeholdersOpen minded, adaptable, proactive with exceptional listening skills and good judgementWilling and able to lead change from the frontAbility to challenge the thinking of your peers, team and business leadership in an effective and appropriate mannerBring a big picture vision and appreciation of the global, external factors that influence Reward priorities in an organisation such as TescoFuture thinking and driven by the opportunity to leave a meaningful legacy across the organisationAn interest in current and emerging reward trends, and legislative and tax changes, and technology across the markets in which we operateExceptional business and financial acumen#LI – EF1#LI – HybridYou might know us as a supermarket, technology company or even for our award‑winning mobile network. Truth is, we’re all of those things, and much more. Our colleagues work with one goal in mind, helping to make every day a little better for our customers, colleagues and communities all over the world. No two customers are the same, neither are our colleagues.At Tesco, we champion a balance that lets you thrive both in and out of work. Spend 60% of your week collaborating with colleagues at our office locations or local sites and the rest remotely. Whether you're just kicking off your career, juggling passions, or navigating big life events, we're here to support you. We always welcome a conversation about flexible working, so talk to us throughout your application about how we can support.We're proud to be an accredited Disability Confident Leader, where everyone’s welcome. That’s why we commit to providing a fully inclusive and accessible recruitment process. If you need support with your application, click here for more information. And if you're interested in joining our team but don't tick every box, don't let that hold you back from applying #J-18808-Ljbffr
Location:
Digswell
Job Type:
FullTime

We found some similar jobs based on your search