Job ref: 181566
TPR grade: R&O 6 - Principal
About us
More than half the UK working population rely on The Pensions Regulator (TPR) to regulate their retirement savings. With a career at TPR, you’ll be joining an organisation that will impact on millions of lives for decades to come.
Everyone at TPR plays an important role in helping to keep more than £2trn of savings safe. We’re committed to bringing people into TPR who are ready to make a difference and put UK savers at the heart of what we do.
It is important to us that TPR remains a great place to work. We do all we can to help our people reach their full potential with learning, secondment, and development opportunities. We put our 900+ employees first, supporting flexible working and offer a diverse, lively, and inclusive environment. This includes our Disability Network, Family Network, LGBT+ Network (Proud), Minority Ethnic (ME) Network and Women’s Network, which offer spaces to connect.
Our new corporate strategy outlines a bold and challenging vision of how pensions regulation should evolve to keep pace with a change in the scale and nature of the industry. We are at the start of that journey. Join us to find out what part you can play.
We operate a hybrid working model, subject to government guidelines, where regular attendance in our Brighton office is required. Attendance in the office is team and role dependent.
Role
Are you a hands-on Senior Reward specialist with experience of managing all aspects of a Total Reward Strategy?
The remit of this role covers the full spectrum of reward activities, ranging from engagement with the senior leadership team and Executive Board on reward strategy and policy matters, through to managing the day-to-day operations and processes, as the subject matter expert for the function.
You will investigate, problem solve and innovate with energy, pace, and credibility. As a trusted advisor, you will provide an authoritative voice and play a key role in helping to inform and influence the decision making process on Total Reward strategy at TPR.
You will be working across the organisation to drive forward the operational delivery and design of robust, effective reward and benefits policies and processes, including governance arrangements. The role will play a key part in embedding the newly designed Reward framework and policies, developing further processes for longer term management, testing the framework to ensure it’s being used consistently and fairly, and continuous improvement of ways of working within the HR function and out in the business.
The successful applicant will be experienced in using a variety of different communication channels, ensuring best practice, integrity and fairness of TPR pay decisions.
The ideal candidate will have experience in designing, implementing and embedding robust Reward policies, processes and overseeing and assessing governance of reward frameworks. Best practice and alignment to our Reward principles will be at the heart of this role, while remaining in line with our TPR values and behaviours.
Responsibilities
You will:
- lead on and manage the ongoing embedding of the Reward framework, which was implemented in January 2022
- lead on the further development and evolution of TPR’s Total Reward strategy, including management of our Employee Benefits portal within affordability and public sector pay policy constraints
- support on and work in partnership with internal collaborators and Korn Ferry and Willis Towers Watson to undertake our 3-year, high-level review of our Reward arrangements, including pay groups, pay bands, etc
- manage and maintain all Reward policies providing expert advice and guidance to managers in the business, internal stakeholders within the People Team, as well as calling on other subject matter experts where required to support these activities
- work collaboratively on pay audits
- run and provide expert advice on current Reward case work
- manage and coordinate the annual pay award cycle, including a market-related review of TPR pay bands, application of performance related pay arrangements and annual discretionary bonus scheme
- participate in salary surveys and undertake reward benchmarking, in support of market related increases to our pay bands, working with Korn Ferry and Willis Towers Watson
- identify, design and implement ongoing Reward-based communications and training to support all aspects of Reward activity. e.g. delivery of Equal Pay Awareness sessions
- provide governance, processes and audits of our job evaluation framework, ensuring roles are being evaluated consistently and fairly across TPR
- lead on the management and maintenance of TPR’s Job evaluation grading system, which utilises the Hay job evaluation methodology to underpin its pay and grading arrangements
- support the continued development of HR colleagues and senior leaders in interpreting Reward intelligence to help them make decisions
- assist colleagues in our EDI team with the production of gender/ethnicity pay gap reports on an annual basis. This may include: analysing the findings and drawing conclusions / making recommendations for improvements and managing data submission of salary information/surveys/reports.
Essential and desirable criteria
- Demonstrable evidence of designing, implementing and embedding robust Reward policies, processes and governance frameworks.
- Evidence of analysing, interpreting and presenting internal and external pay data to input into pay audits, case work and business cases, as well as presenting in plain English to non-subject matter Experts.
- Experience of working within a unionised environment.
- Ideally (but not essential) trained in the Hay job evaluation methodology, with experience of conducting audits and reviews of this approach.
- Knowledge and understanding of how public sector pay policy operates desirable.
Person specification
- Proactive and flexible.
- Can do approach.
- Problem solving and analytical skills.
- Communication skills at all levels.
- Attention to detail and accuracy.
Salary and benefits
As well as a salary between £56,498 and £64,345, we offer:
- Civil Service Pension arrangements, which are recognised as some of the best in the pensions world
- discretionary bonus arrangements
- access to performance related pay progression
- 25 days annual leave provision
- flexible working arrangements
- development opportunities
- enhanced parental leave arrangements
- a free employee assistance programme
- an excellent office location in Brighton
How to apply
To apply please email recruitmentteam@tpr.gov.uk quoting role reference number 181566 along with:
- a covering letter with details of how your skills and experience meet the role requirements
- a copy of your CV
- details of your notice period
Current employees in their first 12 months of employment who want to apply for this vacancy should first contact their line manager to discuss their application.
We are an inclusive employer and offer equal opportunities regardless of an individual’s age, disability, gender identity, marriage or civil partnership status, pregnancy or maternity, race, religion or belief, sex and sexual orientation.
As a Disability Confident employer, we’re committed to the recruitment, employment, retention and development of people with disabilities and to improving their employment opportunities. Candidates who declare that they have a disability and who meet the essential criteria for the job will be offered an interview.
Applications will be considered on a part time and job share basis. If you want your application to be considered as part of a job share, please apply with the hours you are available to work.
In accordance with Home Office guidance, the successful candidate will be required to provide their right to work in the UK before they start employment. Unfortunately, TPR is not able to offer sponsorship at the time. TPR is a UK-based organisation with a working location in Brighton, candidates must live in the UK to be employed by us.
The Pensions Regulator is an arm’s length government body and part of the public service.
Any offer of employment will be subject to the receipt of satisfactory background screening checks and criminal record checks (BPSS).
If you have any queries about this role, or if you have a disability and wish to request a reasonable adjustment at any stage of the recruitment process, please email recruitmentteam@tpr.gov.uk.