{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5eba63b517c8e2460c9444ee/69ce42103a785fb94b64a918?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"My career in Reward with Jenny Craik","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/5eba63b517c8e2460c9444ee/1775124903122-eb57c19f-1195-4ba3-a7d0-a17525cc59a7.jpeg?height=200","description":"<p>“Reward and performance&nbsp;is&nbsp;all about understanding people.”&nbsp;says&nbsp;<a href=\"https://linkedin.com/in/jenny-craik-85427191\" rel=\"noopener noreferrer\" target=\"_blank\">Jenny&nbsp;Craik</a>.&nbsp;In&nbsp;this episode of&nbsp;<a href=\"https://www.lacepartners.com/the-people-agenda-podcast/\" rel=\"noopener noreferrer\" target=\"_blank\"><em>The People Agenda</em></a>&nbsp;podcast, host&nbsp;<a href=\"https://www.linkedin.com/in/chrishowardlacepartners/\" rel=\"noopener noreferrer\" target=\"_blank\">Chris Howard</a>&nbsp;is joined by experienced HR leader&nbsp;<a href=\"https://linkedin.com/in/jenny-craik-85427191\" rel=\"noopener noreferrer\" target=\"_blank\">Jenny Craik</a>, who shares insights from her career in&nbsp;<a href=\"https://www.lacepartners.com/what-we-do/our-services/reward/\" rel=\"noopener noreferrer\" target=\"_blank\">reward and performance</a>&nbsp;at organisations like&nbsp;<a href=\"https://www.hsbc.co.uk/\" rel=\"noopener noreferrer\" target=\"_blank\">HSBC</a>,&nbsp;<a href=\"https://www.sc.com/en/\" rel=\"noopener noreferrer\" target=\"_blank\">Standard Chartered</a>&nbsp;and&nbsp;<a href=\"https://www.barclays.co.uk/\" rel=\"noopener noreferrer\" target=\"_blank\">Barclays</a>.&nbsp;</p><p><br></p><p>Jenny talks about what it really takes to succeed in the world of&nbsp;reward, highlighting that&nbsp;it’s&nbsp;not just about technical&nbsp;expertise, but also about understanding people. She offers practical reflections on building influence, managing change, and staying relevant in an evolving landscape.&nbsp;</p><p><br></p><p><strong>How do you break into and succeed in reward roles today?</strong>&nbsp;</p><p><br></p><p>Jenny believes to&nbsp;succeed in reward&nbsp;HR leaders need to&nbsp;combine&nbsp;technical understanding with strong interpersonal and critical thinking skills.&nbsp;While tools and AI are changing the&nbsp;way we&nbsp;work, how can we keep the human touch?&nbsp;Jenny suggests that we:&nbsp;</p><p><br></p><ul><li>Focus on core skills: analytical thinking, attention to detail, and listening&nbsp;&nbsp;</li><li>Learn from experienced professionals through observation and questions&nbsp;&nbsp;</li><li>Build foundational knowledge in data, models, and reward structures&nbsp;&nbsp;</li><li>Develop understanding of behavioural science and human motivation&nbsp;&nbsp;</li><li>Use AI as a tool&nbsp;but&nbsp;validate&nbsp;outputs with critical thinking and an&nbsp;<a href=\"https://teams.microsoft.com/l/message/19:meeting_YTA3MmVlMTQtZTc1NC00MDkzLWE0NjEtYTA5NDNkOWVjYWY1@thread.v2/1775119392847?context=%7B%22contextType%22%3A%22chat%22%7D\" rel=\"noopener noreferrer\" target=\"_blank\">AI structured framework</a>&nbsp;</li></ul><p>&nbsp;</p><p><br></p><p><strong>What are the biggest challenges in a reward career?</strong>&nbsp;</p><p><br></p><p>The most difficult challenges involve high-stakes decisions, stakeholder tension, and managing people dynamics.&nbsp;According to Jenny,&nbsp;HR leaders can avoid these challenges by:&nbsp;</p><p><br></p><ul><li>Making decisions with real human impact&nbsp;</li><li>Navigating conflicting priorities between executives, boards, and stakeholders&nbsp;&nbsp;</li><li>Managing emotionally charged topics like pay, fairness, and value&nbsp;perception&nbsp;&nbsp;</li><li>Leading diverse teams with different perspectives and working styles&nbsp;&nbsp;</li><li>Maintaining resilience and objectivity under pressure&nbsp;&nbsp;</li></ul><p>&nbsp;</p><p><br></p><p><strong>What makes a career in reward meaningful and rewarding?</strong>&nbsp;</p><p><br></p><p>The most rewarding part of this work comes from making a real impact on people and seeing tangible change across the organisation. Reward has a direct influence on employees’ experiences, which makes the work feel meaningful day to day.&nbsp;In some cases, the consequences&nbsp;can be&nbsp;deeply personal. “We make decisions that are going to change somebody’s life,”&nbsp;Jenny&nbsp;says,&nbsp;this highlights&nbsp;the emotional weight that often sits behind pay,&nbsp;benefits&nbsp;and fairness decisions.&nbsp;&nbsp;</p><p><br></p><p>There’s&nbsp;also a lot of value in coaching and developing future leaders, as well as gaining broader perspectives through international experience.&nbsp;Jenny notes that designing policies that genuinely improve people’s lives,&nbsp;and then seeing that reflected in employee feedback and engagement data,&nbsp;is what makes it especially worthwhile.&nbsp;</p><p><br></p><p><strong>How do reward professionals balance business and people priorities?</strong>&nbsp;</p><p><br></p><p>Success comes from aligning commercial outcomes with employee experience through strong partnerships,&nbsp;especially with finance.&nbsp;Reward sits at the intersection of cost and value&nbsp;and must be able to:&nbsp;</p><p><br></p><ul><li>Build mutual respect and curiosity with finance teams&nbsp;&nbsp;</li><li>Understand business performance, investor expectations, and strategy&nbsp;&nbsp;</li><li>Use data and&nbsp;evidence&nbsp;to support reward decisions and proposals&nbsp;&nbsp;</li><li>Develop clear business cases for people initiatives&nbsp;&nbsp;</li><li>Combine data with storytelling to influence decision-making&nbsp;&nbsp;</li></ul><p>&nbsp;</p><p><br></p><p><strong>What is the future of the reward and performance function?</strong>&nbsp;</p><p><br></p><p>The future of reward lies in strategic partnership, enabled by AI to provide personalised employee experiences. While administrative tasks&nbsp;will reduce significantly, the need for human skills in navigating emotive issues and challenging business leaders will increase. Jenny notes that the profession must adapt to increasing transparency and a shift toward&nbsp;<a href=\"https://www.lacepartners.com/becoming-skills-powered/\" rel=\"noopener noreferrer\" target=\"_blank\">skills-based compensation</a>&nbsp;models.&nbsp;</p><p><br></p><p>If you want to hear the full conversation and dive deeper into these insights,&nbsp;listen to this episode of&nbsp;<a href=\"https://www.lacepartners.com/the-people-agenda-podcast/\" rel=\"noopener noreferrer\" target=\"_blank\"><em>The People Agenda</em></a>&nbsp;podcast.&nbsp;It’s&nbsp;packed with real-world perspective you&nbsp;won’t&nbsp;get from theory alone.&nbsp;If you want support on how to build&nbsp;an effective reward strategy check out&nbsp;our&nbsp;<a href=\"https://www.lacepartners.com/what-we-do/our-services/reward/\" rel=\"noopener noreferrer\" target=\"_blank\">Reward and performance services page</a>&nbsp;to learn more.&nbsp;</p>","author_name":"LACE Partners"}