Head of Compensation and Benefits (London)

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Job reference 327125

Head of Compensation

Competitive salary, plus car allowance, healthcare, 35% annual bonus potential,30 days annual leave plus bank holidays and a company pension scheme with highly competitive contribution rates

Permanent Full time

185 Farringdon Road, London

About The Role
Royal Mail is seeking a strategic and influential Head of Compensation to lead the design, development and implementation of the company’s compensation strategy in collaboration with the Director of Reward. This is a high-impact, group-wide role that plays a critical part in ensuring our reward practices attract, motivate and retain exceptional talent while aligning with our business goals and values.

As part of our Reward leadership team, you will have the opportunity to shape reward thinking at the highest level, simplify frameworks, and bring clarity to our reward offering during an exciting period of transformation.

Reporting into the Reward Director - this is a hybrid working role with a requirement to attend our Head Office in Farringdon, London.

Key Responsibilities

Play a key role in shaping and implementing the company’s compensation approach, in alignment with business goals and HR strategy
Influence senior stakeholders — up to and including the Group CEO — on complex reward matters
Oversee and refine compensation structures, benchmarking methodologies, incentive plans and other reward initiatives
Lead the successful execution of annual salary reviews and bonus schemes, ensuring a consistent and fair employee experience
Analyse internal data and external market trends to maintain competitive positioning and highlight areas of misalignment
Provide expert, data-led guidance to senior leaders on reward policies and practices
Manage vendor relationships for compensation surveys and reward technology platforms
Collaborate closely with HR, Finance, and business leaders to align reward with engagement and retention strategies
Ensure delivery of legal and regulatory requirements related to compensation requirements
Build effective relationships with trade union representatives to support pay discussions and negotiated outcomes
Lead, mentor, and develop a high-performing reward team

About You
Essential Skills and Experience:

Extensive experience of designing incentive schemes within large, complex or multinational organisations
Expertise in fixed and variable pay design and incentive structures
Strong ability to influence and communicate with senior stakeholders
Commercially minded, numerically strong, and able to interpret and present complex data clearly
Experience leading reward cycles and engaging in unionised pay negotiations
Comfortable operating in change-driven, fast-paced environments

Desirable:

CIPD qualified
Well-developed external reward network

Extra Benefits

Family friendly support - enhanced maternity pay, paternity leave, adoption leave and shared parental leave
Discounts and offers - there are more than 800 offers to help you save on things like groceries, days out, holidays and your household bills*.
Supportive and generous company sick pay
Your Wellbeing - you and your family have 24/7 access to services and tools to help you get the most out of life. From your physical and mental health to financial and social support and advice. It’s free, and it’s for everyone.
Available only to perm employees

Next Steps
The next stage of the selection process will be a face to face/virtual interview consisting of competency based and role specific questions.

Royal Mail Group is committed to inclusion and representing the diverse communities we serve. We welcome applications from all individuals. As a proud Gold signatory to the Armed Forces Covenant, we especially encourage applications from the Armed Forces community, including cadet instructors and spouses/partners.

We are committed to ensuring an inclusive recruitment process. If you require any adjustments to support you during the hiring process, please discuss these with your recruiter when contacted.

We are Forces family friendly and a Gold signatory to the Armed Forces Covenant. We welcome applications from ex-Armed Forces personnel, reservists, veterans, cadet instructors and military spouses/partners.

For more information on Royal Mail Group and our values please click here:

Closing Date: 29th July 2025. Please note, this advert may close early if the appropriate number of applications has been reached.

Seniority level

Seniority level
Executive

Employment type

Employment type
Full-time

Job function

Job function
Human Resources
Industries
Freight and Package Transportation

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