Global Head of Total Rewards and Performance Management

Avaloq

Global Head of Total Rewards and Performance Management

Salary Not Specified

Avaloq, Bonnyrigg, Midlothian

  • Full time
  • Permanent
  • Onsite working

Posted 2 weeks ago, 30 Jun | Get your application in now before you miss out!

Closing date: Closing date not specified

job Ref: 9e5422b5243349529f65db65c3306ce8

Full Job Description

The Global Head of Total Rewards and Performance Management will be responsible for developing and executing our global strategy for compensation, benefits, and performance management. This role is critical in ensuring that our reward systems are competitive, equitable, and aligned with our business objectives. The ideal candidate will be a strategic thinker with a strong background in global compensation and benefits, performance management, and HR analytics able to drive sustainable culture transformations leveraging their subject matter expertise and understanding the business needs and strategic objectives.

Key Responsibilitie:
1. Total Rewards Strategy:
+ Develop and implement a comprehensive global total rewards strategy that supports the company's business goals and enhances employee engagement and retention.
+ Ensure competitive, consistent fair and equitable compensation practices across all locations.
+ Design the company approach to pay transparency anticipating regulatory changes.
+ Shape company's philosophy in terms of benefits, maintain close knowledge of the market practices and work together with local HR teams to meaningfully enhance local benefits.
+ Develop and deliver training and support for managers and employees on Total Rewards cycles and practices.
2. Performance Management:
+ Design and implement a global performance management system that drives high performance, accountability, fairness and alignment with business objectives.
+ Ensure performance management processes are consistent, transparent, and effectively communicated across all Avaloq business areas and locations.
+ Develop and deliver training and support for managers and employees on performance management cycle and best practices.
3. Compensation and Benefits Administration:
+ Oversee the administration of all compensation programs, including salary structures, incentive plans, and equity programs.
+ Ensure compliance with local regulations and standards in all countries of operation.
+ Conduct regular market analyses to ensure competitive pay positioning.
4. HR Analytics and Reporting:
+ Utilize HR analytics to inform and drive decision-making around compensation, benefits, and performance management.
+ Develop and maintain metrics and dashboards to track the effectiveness of total rewards and performance management programs.
+ Provide regular reports to senior leadership on key metrics and trends.
5. Management and Collaboration:
+ Lead and develop a high-performing global team of 2 total rewards and performance management professionals.
+ Partner with HR Business Partners, HR Managers and other stakeholders to ensure alignment of total rewards and performance management initiatives with broader HR and business strategies.
+ Act as a trusted advisor to senior leadership on compensation, benefits, and performance management matters.
6. Change Management:
+ Drive change management initiatives related to compensation, benefits, and performance management.
+ Communicate and reinforce the value of total rewards and performance management programs to employees.