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Compensation & Benefits Analyst
2 months ago
About WTW
WTW is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, WTW has 45,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential.
The Role
As a Compensation & Benefits Analyst, you will work as part of a team on a wide variety of complex projects, serving as a key resource for the consultant in charge of each of your engagements. You will be encouraged to develop as broad an understanding of our client solutions as possible by supporting across multiple, complex projects. You will have immediate exposure to real client assignments, which will draw on your imagination and creativity, as well as your ability to analyze data, draw conclusions and present results. These experiences will help build your technical knowledge and overall industry experience while you benefit from more structured learning interventions.
As you grow and gain more expertise, you will become a key contact for the client and gradually begin to take responsibility for deliverables and client relationships across a range of sectors and geographies. You will work alongside some of the industry's top consultants on cross-industry client projects, including many household names: FTSE 100 and 250 clients, privately-held companies and public service organisations.
Typical work for a Compensation & Benefits Analyst might include:
- Job levelling (utilizing our proprietary methodology), an analytical process that determines the relative value of roles in an organization, providing the absolute foundations for reward and career path opportunities
- Creating appropriate and effective performance management tools
- Designing, modeling and implementing high-impact sales incentive programmes, clarifying sales processes, roles and sales organizational design
- Providing clients with market benchmarking on a number of pay elements including base pay, benefits, short and long-term incentive plans and total reward, using a variety of sources such as survey data and published reports
- Working with companies to understand and qualify their compensation strategy using data analytics, research and trends
- Conducting reviews of pay programmes to ensure they are competitive and support drivers of attraction, retention and engagement
- Developing pay philosophy, salary structure design, pay ranges and pay-for-performance analysis
- Designing and drafting accountabilities across client roles and grades
- Reviewing an organization's approach to managing knowledge and skills
- Helping organizations to develop core, leadership and functional competencies and link into their HR practices
- Designing and implementing career architecture, developing job families and disciplines
You are required to have good problem-solving and analytical skills, as well as excellent communication skills, as you will be interacting with clients from the beginning.
