Head of Compensation

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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.

#LI-Hybrid #LI-POST #LIMRT

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