Global Compensation Analyst
4 weeks ago
Overview of the Position
Global Compensation Analyst - 12 Month Fixed Term Engagement
Location: Hybrid/Flexible Work Environment
This position is centered on the development, execution, and dissemination of the compensation framework at National Grid, encompassing salary structures, the Annual Performance Plan (APP), and the Long-Term Performance Plan (LTPP) processes, along with the company's recognition initiatives.
The role will assist the global compensation manager in executing these essential processes and driving policy enhancements, process improvements, and various project tasks.
Key Responsibilities
Contribute to the ongoing development, execution, and enhancement of the global compensation framework. Serve as a reliable consultant to People Partners and internal stakeholders by providing best practice insights on global compensation to guide business decisions. This includes engaging with key stakeholders to ensure the compensation structure is relevant, comprehensible, and valued. Develop an effective communication strategy for all global compensation policies and processes to ensure clarity and reach the appropriate audiences through: Acting as the PMO for all reward-related communications; Engaging with various stakeholders to determine the most effective communication methods; and Enhancing colleague understanding and awareness of the global compensation framework through the creation of user-friendly documents and materials (such as videos and demonstrations). Assist in refining the Annual Performance Plan (annual bonus) for National Grid by establishing a new target-setting and year-end announcement process. Aid the team in drafting global compensation policy documentation that outlines roles, responsibilities, processes, and key deliverables. Support the team during the annual compensation cycle by ensuring tools are effective and that accurate data has been processed through the system. Analyze legislation and tax regulations governing global compensation to ensure all policies and processes are compliant with legal standards.Candidate Profile
Required Skills and Experience:
A minimum of 3 years of experience in global compensation. Comprehensive knowledge of the global compensation landscape, including awareness of diverse practices, precedents, insights, and sophisticated concepts. Proficient in advanced Excel skills and capable of drawing meaningful conclusions from data analysis to support decision-making for reports and presentations. Ability to build strong relationships with senior stakeholders confidently. Excellent written and verbal communication skills, particularly in relation to global compensation. Relevant external qualifications (preferred). Familiarity with SuccessFactors (preferred). Strong networking and collaboration abilities. Results-oriented mindset. Exceptional written and verbal communication skills.Benefits Offered
A competitive salary range of £45,000 – £55,000, based on qualifications and experience.
In addition to the base salary, you will be eligible for a performance-based bonus and a competitive contributory pension scheme, where the company will double match your contributions up to a maximum of 12%. You will also have access to various flexible benefits, including a share incentive plan, salary sacrifice car and technology schemes, employee assistance programs, and matched charity contributions, among others.
About National Grid
National Grid plays a crucial role in the lives of many, with an energy network that spans across regions. We are an international team, and our efforts support the daily lives of millions. With a forward-thinking approach, we are dedicated to creating value for people today while shaping the future of energy.
In the UK, we do not generate or sell energy; instead, we facilitate the movement of energy from one point to another. From brewing your morning tea to ensuring hospitals have power, our electricity network empowers individuals. Without it, daily life would be significantly disrupted.
The energy sector is undergoing transformative changes. By joining National Grid, you will not only impact the lives of countless individuals but also influence how energy is utilized and consumed for future generations.
Our Core Values
At National Grid, we prioritize understanding our customers' needs, striving to do the right thing and discover better solutions every day.
As a member of the National Grid team, you will prioritize our customers, taking the time to listen and collaborate with them to provide the best possible experience. A proactive and adaptable approach is essential, as is the continuous pursuit of ways to exceed expectations—sometimes in unexpected and beneficial ways. You will ensure that accessible information is available when needed and simplify processes by leveraging your expertise to guide customers. Above all, you will honor your commitments to deliver value, enhance efficiency, and provide an exceptional customer experience.
We are committed to fostering an inclusive working environment through diversity training for all employees. Our training initiatives range from unconscious bias awareness to targeted programs designed to support our diverse and innovative workforce.
Additional Information
At National Grid, we uphold the highest standards in all our endeavors, including how we support, value, and develop our personnel. Our goal is to encourage and empower employees to excel and reach their full potential. We celebrate the unique contributions individuals bring to our organization and welcome applicants with diverse experiences and backgrounds, offering flexible and tailored support both at home and in the workplace.
Our objective is to cultivate a culture of inclusivity and diversity. All employment decisions are based on qualifications, the innovation stemming from diverse teams and perspectives, and business needs. We are dedicated to building a workforce that reflects the communities we serve, ensuring a work environment where every individual feels valued, respected, treated fairly, and able to achieve their full potential.
The closing date for this vacancy is not specified. However, we encourage candidates to submit their applications early in the recruitment process.
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