Reward specialists need to ensure that an organisation’s pay and benefits fit with the organisational context and culture, while being relative to the external market environment.
What does a reward specialist do?
Reward specialists need to understand the legal and regulatory landscapes of the reward agenda before putting together any reward strategy. They’ll typically create a total reward approach, combining a range of different pay and benefits offerings into a flexible framework which meets the diverse needs of its employees.
Your typical activities
Here are some of the activities you can expect to be involved in as a reward specialist:
- Designing different reward elements, such as bonuses and allowances
- Carrying out market analysis and benchmarking activities
- Designing executive remuneration packages
- Advising on factors which impact international remuneration, like tax
- Creating flexible benefits packages for employees
- Advising leaders on legislative requirements around reward
- Producing reports on pay and reward
- Supporting the remuneration committee in their activities.
Types of roles in reward
Here is a shortlist of the types of job titles you might find in reward. As you can see, reward specialist are at all levels of experience and seniority:
- Reward Administrator
- Benefits Co‐ordinator
- Compensation and Benefits Advisor
- Reward and Benefits Manager
- Head of Reward
- Director of Reward.
Explore other areas
Explore the twelve career areas within the people profession, and the typical activities you may find yourself doing
Information and guidance to help you excel in your role, transition into the profession, and manage a career break