Senior Compensation Analyst

4 weeks ago

London, Greater London, United Kingdom SPE Travelers Management, LTD Full time

About the Role

We are seeking a highly skilled Compensation Analyst to join our team in Europe. As a key member of our Human Resources department, you will be responsible for designing and implementing competitive and cost-effective total compensation programs, practices, and solutions to drive a high-performance culture.

Key Responsibilities

  • Advise and consult with Human Resources Generalists and clients on compensation administration, policy interpretation, job design, turnover, equity, and other related matters.
  • Perform market pricing, job documentation, evaluation, survey participation, and related data analysis, compensation program administration, planning, and execution in collaboration with the compensation team and HR Generalists.
  • Maximize the application of compensation tools to support business initiatives and compensation strategies.
  • Develop a solid knowledge of the assigned business area, analyze data, monitor trends, and recommend enhancements and changes to ensure the retention, motivation, and recruitment of key personnel.
  • Provide guidance on compensation aspects of new hire offer packages, including base, bonus, and equity replacement valuation and considerations.
  • Prepare reports and data analysis for management to assist in making performance and rewards decisions worldwide.
  • Assist business groups in developing new or revising existing job descriptions.
  • Review draft job descriptions and provide input to ensure accurate and inclusive language.
  • Provide direction on job structuring and identify organizational design issues as needed.
  • Ensure HR team members and managers have the knowledge and tools to effectively manage performance and administer compensation consistent with company philosophy and goals.
  • Design and deliver compensation-related training as needed.
  • Lead complex and sensitive projects, and prepare reports for the CEO and Head of HR, as well as the Board of Directors, to support compensation action recommendations.

Requirements

  • Bachelor's degree in a relevant field, such as Mathematics, Statistics, Economics, HR, or Business Administration.
  • Previous experience in compensation roles, with specific experience in job evaluation, role pricing, survey submission, and data scrubbing, as well as provision of general HR metrics preparation and analysis.
  • Strong analytical problem-solving, influencing, communication, leadership, and project management skills.
  • Intermediate written, oral, and presentation skills.
  • Advanced Excel, Word, and related software package skills, including the ability to create graphs, perform vlookups, and pivot tables.
  • CIPD qualification is preferred.

What We Offer

  • Private medical insurance, with the option to add cover for dependents.
  • Retirement plan with a basic company contribution of 9% of pensionable salary.
  • Holiday entitlement of 25 days annually, plus the opportunity to purchase additional days.
  • Wellness program with tools and resources to support employee wellness goals.
  • Employee Assistance program with access to professional counseling services and other resources.
  • Matching Gift and Volunteer Rewards program to support employee charitable giving.

Employment Practices

Travelers is an equal opportunity employer, valuing the unique abilities and talents each individual brings to our organization. We recognize that we benefit in numerous ways from our differences.

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