Lead Reward Specialist

2 months ago

Edinburgh, United Kingdom Wood Mackenzie Full time

**Company Description**
Wood Mackenzie are the global research, analytics, and consultancy business powering the natural resources industry. For 50 years, we have been providing the quality data, analytics, and insights our customers rely on to inspire their decision making.

Our dedicated oil, gas & LNG, power & renewables, chemicals, metals & mining sector teams are located around the world and deliver a variety of projects based on our assessment and valuation of thousands of individual assets, companies, and economic indicators such as market supply, demand, and price trends.

We have over 1,900 employees in 30 locations, serving customers in nearly 80 countries. Together, we inspire and innovate the markets we serve - providing invaluable intelligence to help our customers overcome the toughest challenges, and make strategic decisions that will, ultimately, accelerate the world’s transition to a more sustainable future.

**Wood Mackenzie brand video**

Role Purpose

The Senior Reward Specialist will be responsible for the delivery of global reward processes within Wood Mackenzie, including designing, developing, analysing, implementing, communicating and monitoring all global compensation projects and initiatives.

The Analyst will work within the existing Reward framework to conduct compensation benchmarking exercises, developing salary scales by geography and function for our global organisation, whilst providing regular insight and analytics.

Main Responsibilities
- Conduct global salary benchmarking exercise to support annual salary planning cycle and hiring decisions, based on existing job families and career frameworks
- Extract salary scales by geography and function, using Willis Towers Watson salary data
- Drive recommendations for market-specific inflationary increases
- Monitors local regulations related to pay practices and supports the developments that may come from audits or studies of compensation policies, programs and practices
- Conduct thorough review of high-inflation locations (e.g. LatAm), and make considered recommendations on approach
- Carry out job evaluations as required
- Researches and prepares regular and ad hoc reports and compiles metrics for analysis as needed
- Acts as the liaison between the Reward team and other departments across the HR team and wider organisation to ensure consistency and compliance in processes and procedures
- Identify key market segments impacted by high competition for talent, and recommend compensation approaches accordingly
- Support review of Sales and Consulting Commission Schemes
- Partner with Verisk Total Reward Centre of Excellence to explore transition to Verisk salary planning methodology
- Provide key inputs to Talent Acquisition on new hire compensation
- Provide key HRIS and reporting inputs
- Subject Matter Expert advice to business and wider HR team across Reward projects and

**Qualifications**
About You
- They will have strong analytical skills and be familiar with using salary benchmarking software and methodologies.
- Experience using Willis Towers Watson systems is advantageous.
- Experience of complex geographies (e.g. Latin America) will be beneficial.
- Excellent analytical and modelling skills are essential to succeed in this position, as well as effective communication and presentation skills.
- High proficiency in Microsoft Excel is required, as is the ability to present data and information clearly.
- Experience using Workday would be an advantage

Expectations
- Please specify the behaviours and capabilities you expect from the role holder. Refer to the Woodmac Capabilities here and draw out key capabilities
- While this is expected to be a full-time role, part-time or flexible working arrangements will be considered.
- Due to the global nature of the team, a degree of flexible working will be required to accommodate different time zones.
**Additional Information**
We are a hybird organisation and there will be a minimum requirement to be in office at least 2 - 3 days per week.

**Wood Mackenzie Values**
- Inclusive - we succeed together
- Trusting - we choose to trust each other
- Customer committed - we put customers at the heart of our decisions
- Future Focused - we accelerate change
- Curious - we turn knowledge into action

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