Reward Manager

Management Level

Job Description

Job Role

Reward Manager

Location

India / Hybrid

Reporting to

Reward Director

Business Unit

Reward / HR

Level

Job Level F

Date

March 2025

Brief Job Summary

Reporting to the Reward Director, the purpose of this role is to drive and deliver a commercial, customer focused, pro-active and solutions focused specialist reward service to the business and colleagues.

The Reward Manager is responsible for identifying, implementing and maintaining reward structures to support the strategic direction of the business.  These activities and other project work have a global impact (Equiniti has colleagues located in the UK, USA, India, The Netherlands and South Africa).

You will therefore be responsible for providing expert reward advice, support & data and ensuring relevant statutory compliance.

Roles and Responsibilities

• Support the Reward Director in delivering Equiniti’s significant Reward agenda, its annual and standard remuneration processes (e.g. Salary Review and Bonus), ensuring they are delivered accurately and within required timeframes.  To include the calculation, production and validation of supporting data and the provision of modelling and analysis to aid decision making.
• Continually manage the implementation and ongoing maintenance of the overall organisation design, encompassing job evaluation/benchmarking and grading structures.
• Support the Reward Director in designing, developing and implementing EQ’s Reward plan.
• Ensure accurate participation in salary surveys and explore appropriate new surveys for relevant usage.
• Oversee the administration and policy review of India Group Medical Insurance, Life Insurance, Personal Accident Insurance, OPD (Out-patient cover), by liaising with stakeholders including our insurance brokers.
• Working in collaboration with head of engagement, review existing benefits to ensure delivery against wellbeing strategy and recommend proposals to adjust as necessary.
• Oversee policy and administration of India Reward and Recognition by liaising with stakeholders, HR team.
• Oversee the preparation of the annual Gender pay report.
• Continually listening to colleagues and understanding impact of the reward plan for all colleagues.
• Ensure that colleagues are treated fairly and accurately in all our reward processes and that they are clear, easy to follow and well communicated.
• Leverage technology and look for ways to simplify our processes so the team can operate more efficiently (e.g. through Workday).
• Deliver knowledge on the market and competitor remuneration and advise accordingly.
• Lead on the planning and implementation of Reward programmes and projects.
• Maximise the application of compensation tools to support business initiatives/compensation strategies.
• Point of escalation of compensation and benefit related queries and calculations.
• Oversight of the administration and periodic reporting related to EQ’s all colleague LTIP.
• Assist the wider Global Reward team with projects, reporting and analysis.
• Scan and keep abreast of emerging Reward trends and practices.
• Lead merger & integration analysis and due diligence.
• Oversight of EQs global recognition plans, ensuring value for money and employee outcomes
• Oversight of Reward related invoicing.

Job Specifications

Education

•  Degree Educated
• HR/ Compensation related certification – e.g. CIPD/SHRM desirable

Relevant Experience

• Experience of managing multiple reward programmes and projects, with significant budgetary management in a complex global environment.

Functional Skills

Behavioural Skills

Knowledge and skills

Essential:

• Proven analytical experience; interpreting data and using information to inform business options and outcomes
• Sound knowledge of incentive structures, benefits, grading, pay structures, pensions, pay and related legislation.
• Experience with benchmarking (e.g. Global Grading / Hay methodology).
• Highly proficient in the use of Excel (able to build complex models).
• Excellent numerical and analytical skills and attention to detail, with the ability to interpret data, and to present, analyse and propose recommendations clearly.

Desirable:

• Demonstrable project management skills.
• Broad knowledge of HR systems, and highly skilled in producing and analysing reports.

Essential:

• Highly commercial, collaborative, engaging and credible, with the ability to communicate and influence at all levels.
• A demonstrable track record of building strong influential relationships, establishing yourself as a trusted partner and expert in Reward.

We are committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships. Please note any offer of employment is subject to satisfactory pre-employment screening checks.