Reward Strategy
Strategic Reward Skills Masterclass
This will be our sixth annual Strategic Reward Skills Masterclass and each year we evolve the content and format to ensure continued relevance and value for those attending.
The Masterclass is aimed both at prime succession candidates to current Heads of Reward in major listed companies, and also at newly-promoted (or aspiring Corporate HR Directors, who are seeking to develop a more strategically focused set of reward skills. Attendees particularly value our simulated Remuneration Committee session, focused on the interface role with the RemCo and Main Board.
The content of the Masterclass is founded on those areas most frequently reported by RemCo Chairs as essential to effective performance as the Group HR Director or Head of Reward 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 review / assess the effectiveness of longer-term incentive arrangements – and develop clear alignment to sustainable, long-term performance.
- The ability to design / conduct a risk audit of reward.
Prior to attendance, delegates will be asked to review their organisation’s strategic business
objectives, including as outlined in the Annual Report, and to assess the alignment between
these objectives and their organisation’s:
- approach to talent strategy;
- reward values and principles; and
- major group-wide reward plans
It is important that anyone nominated to attend the programme will have the opportunity to discuss their organisation’s strategic business objectives (and performance model) with relevant members of senior management. Under the guidance of the nominating PARC member, each attendee should be set clear actionable objectives linked to the Programme deliverables, which they can share in a pre-Masterclass discussion with a member of the PARC team. Each nominating PARC member and nominee will have a discussion with a member of the PARC team at least three weeks before the Masterclass.
Speakers
Karen Clark
Managing Director, PARC
Karen leads the PARC network. She has been instrumental in facilitating executive networking and collaboration for 16+ years. She has a focus on ensuring members get ongoing benefit and value from being part of the PARC community and engaging in PARC’s activities. Aligned with this focus she works closely with external subject matter experts and our associate advisers to ensure the ongoing relevance and evolution of PARC’s offering. Karen has a particular 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 and has an interest in the role of effective governance in support of growth, performance and positive societal impact. Karen is a keen hiker and loves to be out in the hills. She and has a passion for the sustainability of the natural landscape and the value it can bring via enabling access and inclusion for all. She is a Board Trustee for the Surrey Hills Society.
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.
