Reward Analyst
4 weeks ago
Whilst the primary focus of the role will be to support with cash compensation there will also be exposure to broader aspects of the Reward discipline, such as employee benefits, share plans, remuneration regulations, corporate governance, project work and more.
The role will work closely with stakeholders across the HR and Finance functions and the wider business to support with the development, implementation, analysis, administration and communication of compensation programmes, policies, and processes for the various businesses and functions across the organisation.
As a Reward Analyst you will focus on the data and analytics required to support all aspects of the annual compensation processes playing a key role in the organisations's annual salary and incentive quarterly cycle. You will focus on activities such as;Completion and analysis of market data compensation surveys, the maintenance of incentive accrual files provided for FinanceMaintenance and evolution of Reward-built employee job matching and benchmarking databases, the development and testing of year-end compensation tool (Curo/PayScale), and the upkeep of other Reward systems and trackers as required.
This role will also support with the preparation and analysis of the various annual regulatory disclosure required, such as Gender and Ethnicity Pay Gap calculations and Real Living Wage monitoring, amongst others.
In addition, the role will give you the opportunity to partner with the wider HR function and directly with the business where appropriate, supporting with technical reward guidance and other advisory services. This may include tasks such as composing commercial salary and incentive package recommendations for new hires and internal moves/promotions (supported with the most relevant benchmarking data), ensuring that any proposals are in keeping with diversity and inclusion principles, Equal Pay regulations and alignment with pay-for-performance culture.
There will also be the opportunity to contribute to project work supporting HR, Finance and wider business colleagues with strategic priorities and the impact that employee reward has on these.
Key skills and experience:
Relevant experience working within a similar Reward role is essential, whereby you have ideally supported 2-3 compensation cycles previously.
A particular understanding and familiarity with the kinds of roles and team structures within the Financial Services sector would be preferred, as would a working understanding of Willis Towers Watson and McLagan compensation data
Demonstrable experience of working with data and a high level of proficiency with MS Office applications, in particular MS Excel is essential. Workday HCM knowledge and/or Curo Compensation (PayScale) would be beneficial.
You will have a high level of numeracy and an analytical mindset with a need to be comfortable with handling large sets of data, ideally within a Financial Services or other relevant context.
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