Reward Partner

Salary - Up to £ 75,000 + annual bonus & benefits Location - Edinburgh/Can be discussed - Permanent Office Attendance- Our roles are hybrid, however you should be able to travel to our Edinburgh/ Reigate office as required for this position. Closing date - Applications close at 5pm on the 22/5/24 We deal in the personal - from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you’ve worked hard for. And that means we always work with heart.​ Whether we’re helping our customers or looking after our people, you’ll find there’s a warmth and friendliness to everything we do. ​ We’re looking for a Reward Partner to join our People Team supporting the Insurance and Money Services team. This is a great opportunity to work closely with the senior leadership team as well as senior People Team colleagues at this exciting point in the development of the Insurance Money Services organisation. You will be responsible for leading the development, implementation and communication of the organisation’s Reward, Recognition and Wellbeing approach. The successful individual will also support the design and delivery of employee salary structures and benefit programs, providing relevant internal financial analyses and analysis of external practices to all levels of the Insurance and Money Services team. This role will be strategically important and support us to stand up and separate before leading critical Reward activity associated with the Tesco Insurance and Money Services long range plans. What you’ll be doing * Reward Cycle: Plan and deliver the annual pay review, out of cycle pay proposals and Gender Pay/Equal pay audits; propose recommendations based on insights, monitor outcomes and propose remedial actions where appropriate. * Partner with leadership teams and work collaboratively with Group colleagues on benefits programme design and lead the implementation to IMS. * Job Analysis and Evaluation - Contribute to the design and delivery of job analysis and job evaluation methods and processes; draft elements of the technical design; facilitate job evaluation programs and/or evaluate jobs, taking appropriate action to ensure consistency of standards. * Recognition & Wellbeing: Design and coordinate implementation of differentiating colleague experience initiatives, tools, and processes linked to health, wellbeing and recognition. * Incentive Program Design: Support the design and delivery of employee incentive programs; provide relevant financial, operational, and business performance analyses; investigate and analyse external practices. * Provide advice to leadership and the People team on pay decisions, policy and guideline interpretation and respond to queries from managers regarding compensation-related issues. We need you to have * Compensation and Benefits - Experience of designing and implementing reward and recognition systems. * Commercial Acumen: demonstrate holistic thinking and awareness of the business environment and objectives to develop solutions. * Project Management: Experience of managing projects and/or programs within desired cost, time and quality parameters. * Policy and Regulation - Up to date understanding of relevant laws, regulations and policies relating compensation and benefits. * Analytical skills and problem solving: Ability to analyse potential solutions and create recommendations based on the expected benefits, costs, and overall value of the solution for key stakeholders (up to and including Board level). And if you have any of these, even better * Experience of implementing organisational change. * Experience of collaborating within a matrix/group structure. * Experience of operating within a regulated environment. We don’t expect you to tick every box, and if you feel you hit most of the brief, it’s worth exploring to further develop your career here with us. What’s in it for you * Prepare for your retirement with our colleague pension scheme. * Private Medical Insurance (W2+) and virtual GP Service you and your family 365 days a year. * Performance related annual bonus. * Indulge in a generous holiday allowance with a minimum of 7.2 weeks, with the opportunity to buy more. * Embrace the benefits of our Colleague Clubcard, enjoy a 10% discount that increase to 15% every payday (worth up to 2K). As an added perk, we’ll give you a second card to share with someone else. * Benefit from our family-oriented initiatives, encompassing enhanced maternity leave pay, a shared parental leave policy, and a generous 8-week paid paternity leave. * A place to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want. * Take part in our Buy as you Earn and Save as your Earn share schemes. Everyone’s welcome We want all our colleagues to always feel welcome and be themselves. We’re committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business. A more diverse business helps us deliver on our purpose to serve our customers, communities, and planet a little better every day. Additional Information Role Alignment Following the announcement regarding Tesco's [1] strategic partnership with Barclays, this role will support our insurance and money services team and will remain with Tesco #LI-KS1 References Visible links 1. https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.tescoplc.com%2Ftesco-agrees-long-term-strategic-partnership-with-barclays%2F&data=05%7C02%7CTricia.A.Geraghty%40tescobank.com%7Cd1efc4e05ccd40d58e8008dc4a6f147d%7Cbce3f16a29b1444aafdea7b86e45a778%7C0%7C0%7C638467088141762777%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=gAcXajC43mwBi%2BP8j5DKUlpu3ciPiaj%2F1z%2BPczjwLIg%3D&reserved=0