Executive Reward Manager

Job Title: Executive Reward Manager

Level: Level 4

Location: London/Edinburgh

Role type: Permanent

Reporting Line: Executive Reward Director

About us 

Diageo is the world’s leading premium drinks company with an outstanding collection of brands, such as Johnnie Walker, Smirnoff, Baileys, Captain Morgan, Tanqueray and Guinness. Our purpose – Celebrating life, every day, everywhere – has an important role in our company, for our people, our diversity, our brands, in how we perform and how we create shared value. 

Join our Executive Reward team

Diageo’s ambition is to be the best performing, most trusted and respected consumer products company in the world. Our reward strategy and practices are a critical enabler of our ambition in driving the delivery of our performance goals and global talent strategy.

Reward outcomes:

• Our reward philosophy cultivates innovative, flexible and integrated total reward practices that take account of changing business priorities, external trends and workforce needs, that create new value and pride and enable our people to lead their most fulfilling lives.
• Diageo’s reward programmes set us apart from our competition to attract and retain the best talent from across the globe.
• Reward at Diageo is clear, simple and engaging – our people fully understand and value their reward and there is transparency and fairness in how it is delivered to them.
• Diageo’s business performance is positively impacted by our reward programmes – there is a clear link between business outcomes, individual performance and reward. 
• Our behaviours and values are reinforced by reward interventions – people see the link between what they do, how they do it and the reward that they receive. 
• Reward governance is robust and rigorous in line with being the most trusted and respected business.

Purpose of Role:

Provides support on all Executive Reward matters, including Remuneration Committee papers, Directors’ Remuneration Report and ownership of Executive Committee and Senior Leader compensation (e.g. offers, promotions, exits and annual salary review).

Key Accountabilities:

• Supporting on all aspects of governance around executive pay, including Remuneration Committee planning and papers, Directors’ Remuneration Policy reviews, preparation of the annual Directors’ Remuneration Report, shareholder engagement and AGM preparation.
• Reviewing the effectiveness of the Remuneration Policy and its operation annually to assure compliance and alignment with standard process and good corporate governance.
• Involvement in executive incentive scheme design and application/implementation into plans for the broader employee population.
• Supporting on annual reward cycle reward recommendations and process for the Senior Leader and Executive Committee population (including benchmarking)
• Overseeing all compensation and contractual aspects of Senior Leader new hires, job changes and exits, including design of new hire packages and recommendations for any cash/equity buy-out awards for forfeited compensation, and overseeing the remuneration aspects of senior executive exits.
• Supporting on Executive Committee (including the Executive Directors) compensation and administration including external hires, job changes and exits.
• Oversee Non-Executive Directors’ fee administration including annual benchmarking process.
• Managing the shareholding requirements process for Senior Leaders & Executive Committee members, including an annual review and annual statement communications.
• Responsible for governance of the discretionary share plans, including the management of discretionary treatment and application of the Plan Rules.
• Supporting the Executive Reward Director with ad-hoc projects throughout the year, which will include research and analysis, together with the development of recommendations.
• Pro-actively monitoring the external landscape, both in terms of keeping up-to-date on relevant legislation relating to reward issues (e.g. tax, share plans, pensions) as well as emerging trends, hot topics and pioneering reward practices.

Qualifications and Experience Required

• A personal passion for reward and the impact it can have on business performance and individual engagement. 
• Strong analytical and numerical skills – a first-rate attention to detail whilst also considering the bigger possibility and application of data.
• Financially astute – able to understand business performance measures and financial instruments e.g. share options.
• Strong planning and organisational skills, with the ability to manage high volumes of work and conflicting priorities.
• Strong IT skills – specifically advanced Excel, PowerPoint and HR systems knowledge (preferably Workday). 
• Self-reliant, curious and pro-active, able to lead and take individual accountability for the delivery of outcomes.
• Comfortable dealing with ambiguity, leading through complex issues and creative problem solving.
• Articulate and persuasive with strong written and oral communication skills, with experience of successfully managing a broad range of partners.
• Prior experience of pay benchmarking and designing and delivering short and long-term incentives.

Diversity statement:

Celebrating our inclusive and diverse culture is core to Diageo’s purpose of “celebrating life every day everywhere!”. This purpose is, in itself, inclusive in nature, as it values everybody irrespective of background, disability, religion, gender identity, sexuality or ethnicity.

We know that for our business to thrive and for Diageo to realize its ambition, we depend on having diverse talent with a range of backgrounds, skills and capabilities in each of the 180 countries in which we operate and to reflect our broad consumer base. We view diversity as one of the key enablers that helps our business to grow and our values, purpose and standards set the conditions for us to respect the unique contribution each person brings.

Be you with us!