Reward Policy and Practice
Strategic Reward Skills Masterclass
TWO-DAY RESIDENTIAL MASTERCLASS, WINDSOR
The PARC Strategic Reward Skills Masterclass provides a strong foundation for a senior role in Group HR or Reward Management. The Masterclass is aimed at prime succession candidates to current Heads of Reward and at newly promoted or aspiring Group HR Directors, who are seeking to develop a more strategically focused set of reward skills – whether in listed or private companies.
The content of the Masterclass is founded on those areas most frequently reported by RemCo Chairs as essential to effective performance as the Reward lead in major companies. Our proprietary content encompasses:
- The ability to develop a grounded reward strategy – overtly aligned with business strategy.
- The ability to review, assess, and contribute to Remuneration Committee effectiveness.
- The ability to assess the effectiveness of incentive arrangements and develop clear alignment to sustainable organisational 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 Leaders and Group HRDs. Peer exchange and collaboration between delegates are fundamental components of the programme. The content is therefore targeted at experienced talent, who are most likely to progress to the most senior HR and reward roles.
This 2024 edition will be our eleventh masterclass and we have over 180 graduates to date.
Our Residential Masterclass is available to member nominees at a cost of £2,750 per person. This includes the cost of accommodation and meals. If you are in your first year of PARC membership then you have one place available to be used during your first two-years’ of membership, with only a charge for accommodation. Additional places for members are available at a cost of £2,750 per person, including the cost of accommodation and meals.
Places are available to non-members at a cost of £5,500 per person, including the cost of accommodation and meals. Numbers are strictly limited to ensure maximum participation and interaction with the faculty and guest speakers.
Location
Oakley Court, Windsor Road, Water Oakley, Windsor, Berkshire SL4 5UR
Karen Clark
Director, PARC
Karen leads PARC and is accountable for the member and partner experience. She has been instrumental in facilitating executive networking for 15+ years. She is a co-contributor to PARC’s annual programme and chairs PARC’s Peer2Peer exchanges. She has a focus on ensuring members’ interests are met and responded to. Aligned with this focus she works closely with Partners, external subject matter experts and our associate advisers to ensure the value of PARC activities and support for our members. She also facilitates PARC’s learning offering which aligns with her interest in the development of individual and team capability plus the opportunity for progressive enjoyable careers. She is an EMCC qualified executive coach which supports her development work with our members. She is also a qualified solicitor. Karen has an interest in the role of governance in support of improved, sustainable performance and positive societal impact.
Drew Matthews
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.
Phil Wills
Director, PARC and Independent Consultant
Phil Wills contributes to the development of PARC’s programme of events. He also runs an independent consultancy business providing strategic reward support on the delivery of business strategy and organisational performance. He is a coach to newly appointed (or aspiring) Corporate HR Directors on all areas of reward strategy and delivery, including incentive plan design and governance effectiveness. His previous corporate roles included Global Head of Reward for Reed Elsevier (RELX), for ICI, and for Diageo. In 2010 he established an independent consultancy business to provide strategic reward support, focused on the delivery of business strategy and organisational performance.
