The job of a Reward Consultant or Manager is a growing role within organisations concerned with keeping and attracting key personnel. This is a specialist job requiring the successful applicant to have knowledge of HR and pay structures in particular.
It is the job of a Reward Consultant or Manager to put into place reward strategies and practices that are capable of attracting and retaining talented people that are key to the company’s success or future growth through offering benefits. Typical rewards include company cars, pension benefits and life assurance as well as bonus schemes appropriate to responsibility and position.
What does a Reward Consultant job description include?
This role is heavily involved in the HR area of an organisation. To be a successful Reward Consultant you must be able to carry out pay audits, review and establish bonus policies and practices as well as conduct job grading for the organisation.
A Reward Consultant must be able to benchmark against industry/market existing standards and so you will be required to keep up to date with what’s happening in your industry and advise on changes/improvements in order to maintain the company’s competitiveness in the market place.
Keeping up with the impact of changes that may occur in employment legislation eg retirement age changes, taxation, discrimination, European law (where applicable), pay audits and how they may affect company policies and practices.
A Reward Consultant will also be responsible for managing bonus programmes as well as indirect rewards such as health and lifestyle and company retirement and pension schemes.
Key skills and qualifications of a Reward Consultant:
You must be educated to degree level and have a sound understanding of current HR and Financial practices. Previous experience within a corporate environment may be required, depending upon employer.
A successful Reward Consultant will have excellent interpersonal skills and be able to communicate effectively both verbally and in writing.
Having an excellent and proven understanding of developing pay and benefit structures is very important, as well as being able to apply critical thinking techniques to problem solving.
You will play an important and confidential role within the company and you may be required to work closely with top level board directors. Discretion is very important in this role in order to protect the company and its officers.
You must have experience in HR and may possibly have a qualification that recognises the extent of your knowledge in specialist areas.
A Reward Consultant must have excellent presentational skills as you will be required to present to high ranking board officials and senior personnel.
You may also be involved in pay negotiations with employees and so you must be able to demonstrate sound negotiating skills.
You will be expected to work with industry standard software and Microsoft Office programs.
How to find more Reward Consultant jobs within the Assignment Services and Global Mobility Industry:
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