Reward Manager - ESO

About the role

Great Britain's electricity system is undergoing an ambitious, exciting and vital transformation. Together with industry, we are creating a cleaner, greener system, one that protects the planet and serves generations to 

The Reward Manager will support the Head of Reward in establishing a new fit-for-purpose Reward function. With a primary focus on management oversight of reward processes and cyclical activity, together with inputting on the development of a Reward strategy for a new public corporation and ensuring this is underpinned with clear and documented governance, policies and processes.

This role is based from Warwick, and we continue to offer hybrid working from office and home. We are open to full time and part time applicants, as well as flexible working arrangements. 
 

About us

The ESO has a key role to play in tackling climate change by transitioning GB’s electricity system to net zero. We already operate the fastest decarbonising electricity system in the world, with an ambition for zero carbon operation by 2025. And by 2035, we want to run 100% clean, green energy, all the time.

Becoming the National Energy System Operator
In Summer of 2024, the ESO will transition to becoming the National Energy System Operator, or NESO for short. Previously denoted as the Future System Operator (or FSO), the new National Energy System Operator will be the independent body responsible for planning Great Britain’s electricity and gas networks and operating the electricity system. 
 

The ESO, including all of its existing roles, will be at the heart of the new National Energy System Operator. As NESO, we will build on our existing roles, capabilities, and ways of working significantly to create an organisation the energy system and its users’ need. Our new capabilities will enable us to look across vectors, including electricity, natural gas and hydrogen, and crucially consider the trade-offs between them. 
 

The organisation will be set up as a public corporation with its own Board of independent directors, with complete operational independence from government, the regulator and any and all commercial interest. As the ESO are today, NESO will be licenced and regulated by Ofgem through price control agreements and obligated to identify optimal solutions to system operations and planning in the most sustainable, affordable and secure way for all. 

The time to deliver is now. As part of our team, you won’t just be touching the lives of almost everyone in Great Britain – you’ll be shaping the way we use and consume energy for generations to come.

Key accountabilities

• Supporting the Head of Reward in the stand-up and development of the Reward function and delivery of a clear and compelling strategy and philosophy for total reward. 
• Ensuring that the NESO’s reward offering is underpinned with the appropriate governance, policies and processes, which are transparent and equitable and in-line with legislative and regulatory requirements. 
• Providing support on Executive reward activities, including benchmarking and joiners and leaver processes.
• Supporting the Remuneration committee processes, including support with paper drafting and working closely with RemCo advisers.
• Providing management support for compensation activities including job evaluation, the annual salary and cash bonus awards and ensuring plans and practices are benchmarked and competitive in the marketplace, while also being internally equitable, consistent, and aligned with regulations. 
• Supporting reporting activities such as the Annual report, CEO pay ratio and gender pay gap
• Providing value added advice to HR Business Partners and business managers across the breadth of compensation and benefits elements to encourage effective, joined up reward practices that deliver to the vision, values and ways of working. 
• Being a subject matter expertise in the design and implementation of benefits packages in line with overall HR policies, that support reward conditions which are both commercial and drive a high level of performance. This will include deployment of a new financial wellbeing plan.
• Managing compensation and benefits vendors, including negotiating, scoping, and owning / overseeing the effective implementation of new vendor services.
• Supporting in the operation and development of the employee recognition scheme (“Appreciate”) including vendor liaison, tracking and monitoring usage and recommendations for future enhancements
• Defining the performance management strategy and approach for the NESO, working with colleagues across the People function and the wider business to ensure its effective implementation in such a way that supports the development of performance culture for the NESO.
   

About you

What we do isn’t just important – it’s essential. That’s why we look to recruit experts in their field. In this case, we’re looking for someone who:

• Proven experience of compensation and benefits management and Reward strategy development.
• Experience supporting remuneration committee activities.
• Experience in variable pay design and scheme implementation.
• Ability to influence others (up to and including Executive Committee members) - evidence of excellent relationship building ability across a wide variety of audiences and situations. 
• A good knowledge of the benefits marketplace in the UK and in particular latest developments in benefits design and application. 
• A good knowledge of latest trends in compensation design and implementation. 
• Experience of managing Reward strategies in a unionised environment.
• Experience of working in public sector organisations and arm’s length bodies is preferred.

What you'll get

A competitive salary between £60,000 - £75,000 – dependent on experience and capability.

As well as your base salary, you will receive a bonus of up to 15% of your salary for stretch performance, 28 days annual leave as standard, and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%. 

You will also have access to a comprehensive benefits package tailored to support your well-being and professional success. From a competitive salary to flexible work arrangements, we promote your work-life balance. Enjoy fit for purpose wellbeing and lifestyle offerings, ongoing skill development aligned to our Purpose and Values, and be part of a supportive community that values your individuality and where you can belong.
 

More information

This role closes on 03/05/2024 at 23:59, however we encourage candidates to submit their application as early as possible and not wait until the published closing date as this can vary. 

We work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office. 

We're committed to building a workforce that represents the communities we serve, and a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.
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