Reward Policy and Practice
Strategic Reward Skills Masterclass
9 & 10 May 2023: Day 1: 09.30 – 17.30 (followed by formal dinner), Day 2: 08.15 – 17.00
The PARC ‘Strategic Reward Skills Masterclass’ has become the essential passport to a
senior role in Group HR or Reward Management. The Masterclass is aimed both at prime
succession candidates to current Heads of Reward in major listed companies, and at
newly promoted or aspiring Group HR Directors, who are seeking to develop a more
strategically focused set of reward skills.
Our focus for the Masterclass is the development of these reward skills, enabling attendees to ask the right questions of business leaders in support of developing an effective and appropriate reward strategy.
Attendees benefit from the insight and counsel of our faculty of experienced and current practitioners and our content is founded on those areas most frequently reported by RemCo Chairs as essential to effective performance as Group ‘reward strategy’ lead in major companies.
Our proprietary content encompasses:
- The ability to develop a ‘grounded’ reward strategy – aligned with business strategy
- The ability to review, assess and contribute to RemCo effectiveness
- The ability to assess the effectiveness of longer-term incentive arrangements aligned with sustainable performance
- The ability to design and conduct a risk audit of reward
Each year we evolve the format and content to ensure continued relevance and value for those attending.
An element of the Masterclass particularly valued by our Alumni is the simulated Remuneration Committee session, focused on the challenges of reconciling business needs with investor guidelines and broader stakeholder management.
The Masterclass incorporates a speakers’ dinner at the end of Day 1, which forms an essential component of the Masterclass and builds towards this RemCo simulation on Day 2.
The Masterclass is an ideal learning, networking, and skills development opportunity for the next generation of Reward and HR Leaders. Peer exchange and collaboration between delegates are fundamental components of the programme. The content is therefore targeted at experienced, capable talent who are most likely to progress to the most senior HR and reward roles.
Our Residential Masterclass is available to one nominee from each PARC member as part of your annual subscription. There is an additional charge for accommodation. Extra places may become available to PARC members at a cost of £2,500 per person. Places may become available to non-members at a cost of £5,000 per person. However, numbers for each programme are strictly limited to ensure maximum participation and interaction with the PARC faculty and guest speakers.
Director, PARC and Strategic Dimensions
Karen Clark is a Director of PARC and SD. She facilitates PARC’s Reward Masterclass and supports the design and delivery of our bespoke learning programmes. This aligns with her interest in the development of HR talent and capability, encompassing performance, reward, and wellbeing. She has a qualification in executive coaching at EMCC Senior Practitioner level from Tavistock Consulting.
Karen runs day to day operations for PARC and is responsible for our member and partner relations. She Chairs our Peer2Peer exchanges and oversees development of our Programme and offering.
Group Head of Reward, Benefits & Wellbeing, Centrica
Drew Matthews is Group Head of Reward, Benefits & Wellbeing at Centrica. He has extensive corporate and consultancy experience gained from multinational companies across a variety of industries. He was previously at BAE Systems, BT and Tesco where he had accountability for reward, HR policies, global mobility, employee relations, HR mergers and acquisitions, and health, safety and wellbeing. Prior to becoming an HR Director, Drew worked as an independent remuneration committee adviser for a number of consultancy firms including PwC and Deloitte.
Independent Consultant and Associate Director, PARC
Phil Wills advises and assists PARC in the development of its programme of events. His previous corporate roles included Global Head of Reward for Reed Elsevier (RELX), for ICI, and for Diageo. Since 2010 he has established an independent consultancy business to provide strategic reward support, focused on the delivery of business strategy and organisational performance. His other major focus is as coach to newly appointed (or aspiring) Corporate HR Directors on all areas of reward strategy and delivery (including incentive plan design and corporate governance effectiveness).