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Head of Executive Group Reward
Job Reference tesco/TP/8568366/641648
This job has been closed.
Number of Positions:
1
Contract Type:
Permanent
Salary:
Competitive
Working Hours:
36
Location:
Shire Park, Kestral Way, Welwyn Garden City
Closing Date:
05/08/2021
Job Category:
People
Business Unit:
GB Head Office
What’s in it for you
We offer excellent benefits that help make Tesco a great place to work. These include but aren’t limited to:
- Annual bonus scheme of up to 45% of base salary
- Car allowance of £7,320 per annum
- Holiday starting at 25 days plus a personal day (plus 8 Bank holidays)
- On-site state of the art gym at our Welwyn Campus with discounted “Gympass” membership & free health checks via Nuffield Health
- Retirement savings plan - save between 6% and 10% and Tesco will match your contribution
- Life Assurance - 5 x contractual pay
- Share Schemes – Join our ‘Buy As You Earn’ & ‘Save As You Earn’ share schemes after 3 months service
- Colleague Clubcard (including a 2nd card for a family member) after 3 months service
- Colleague Discounts:
- 10% increasing to 15% after every pay day for a four day period, off most purchases at Tesco
- 10% off One Stop
- 10% off pay monthly & SIM only deals with Tesco Mobile
- 20% off all F&F purchases
- 20% off car, pet and home insurance at Tesco bank. T&C’s apply
- 25% off Tesco Café
- 50% off complete glasses purchases & free eye tests (other offers available) at Vision Express
- 50% off health checks at Tesco Pharmacy
- An exclusive deals and discounts website saving you money on everyday purchases, treats for the family, eating out and utility bills for the home
- Health screening every 2 years
- Private medical insurance offered by Bupa
- Cycle to work scheme
- Shuttle Bus Service to/from Welwyn Garden City Station to Welwyn Campus
- Opportunities to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want
- Our Employee Assistance Programme helps you deal with life’s challenges
- Financial wellness - Tesco has partnered with experts to help you make the most of your money
- Get involved in a range of fundraising activities with our long-term charity partners
About the role
We have a rare and exceptional opportunity for a Head of Executive Reward to join our team here at Tesco.
The successful candidate will be accountable for the design and implementation of the executive reward agenda to support the delivery of the business and people strategy. This includes all elements of the executive reward policy, strategy, process management and governance for the top 300 leaders across Tesco
This is an unique opportunity to lead the Executive Reward & Benefits team for one of the largest employers in the UK. Leading a team, you will develop, own and drive the Reward and Benefits strategy that supports our Tesco Group business strategy to help attract and retain great talent in a sustainable way.
You will be responsible for
Strategic and operational reward & pay governance for executives including:
- Development of group executive reward policy and strategy to support the new long term business strategy – Including:
- The Tesco PLC executive remuneration review and shareholder consultation during 2021/22.
- Review of the cascade of the policy to wider colleague groups, to determine what is the most appropriate reward offering to support our new business strategy
- Management and governance of annual reward processes – salary reviews, bonus outturns, long term incentive nominations and long term incentive vestings
- Producing papers for Tesco Plc Rem.Co. and managing day-to-day relationship with external Rem.Co. advisers
- Reward consultancy to People Directors and People partners on executive hiring & terminations, incentive plan design, share plans, talent retention, discretion on policy, global grading
- Collaborate with other functions in setting business KPIs associated with reward programmes
- Lead 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 differences
- Executive reward communications
Reward consultancy
- Consultancy on mergers, acquisitions and disposals
- Support in the design of new incentives and other reward programmes to support the talent strategy, support on other Remuneration Committees within the Tesco Group (Tesco Pension Investments, Tesco Bank, as required)
Management of third parties
- market data providers, strategic reward consultants, communication specialists, legal advisers
- forecasting and managing the team budget
- Lead small team of four executive reward specialists, build external relationships with professional bodies and networks
Key people and teams you will work with:
- Remuneration Committee Chair
- Group Chief Executive
- Chief Finance Officer
- Group Reward Director
- Chief People Officer
- Company Secretary
- Head of financial planning
- People Directors
- UK and international Reward teams
- Talent, leadership and capability team
- Reward Consultants and networks
- Team of 4, alongside an indirect resource in UK and Business Services hubs
You will need
Experience required for this job:
- Experience in developing and drafting proposals for the Group Executive Committee and Remuneration Committee’s approval
- Experience in developing reward strategies within complex organisations
- Experience in delivery of pay review processes, share plans, incentives within large organisations
- Experience in managing change within large international organisations
- Up to date knowledge of current and emerging Executive Compensation and legislative and tax changes across the markets in which we operate
Skills/Behavioural Traits required for this job:
- Highly credible relationship builder, manager and influencer at the highest levels across the group
- Ability to communicate complexity in a simple way
- Ability to adapt style to different audiences and cultural differences and influence where appropriate, self awareness
- A natural ability to switch between defining strategy, analytical thinking, and operational planning and execution
- Coaching / consultative approach with team and stakeholders
- Open minded, adaptable, proactive with exceptional listening skills and good judgement
- Willing and able to lead change from the front
- Ability to challenge the thinking of your peers, team and business leadership in an effective and appropriate manner
- Bring a big picture vision and appreciation of the global, external factors that influence Reward priorities in an organisation such as Tesco
- Future thinking and driven by the opportunity to leave a meaningful legacy across the organisation
- Exceptional business and financial acumen
About us
Our vision here at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move. Our core purpose is ‘Serving Britain's shoppers a little better every day’. Our business was built with a simple mission – to be the champion for customers, helping them to enjoy a better quality of life and an easier way of living. This hasn't changed. Customers want great products at great value which they can buy easily and it's our job to deliver this in the right way for them. In the UK, we serve some 66 shoppers every second, so it's our goal to ensure every one of those customers experiences just a little better service on each visit.
We are proud to have an inclusive culture at Tesco where everyone truly feels able to be themselves. At Tesco, we not only celebrate diversity, but recognise the value and opportunity it brings to enable us to serve our shoppers a little better every day. We're committed to creating a workplace where differences are valued, and make sure that all colleagues are given the same opportunities. We're a big business with diverse working patterns and many business areas which means that we can find something that works for you. Everyone is welcome at Tesco.
NOTE: Should you be successful in your application, your offer will be subject to and conditional upon you providing your bank account details on your agreed start date.