Senior Reward Specialist
1 month ago
Wood Mackenzie is the global data and analytics business for the renewables, energy, and natural resources industries. Enhanced by technology. Enriched by human intelligence.
We cover the entire supply chain with unparalleled breadth and depth, backed by over 50 years' experience.
Our team of experts, operating across 30 global locations, enable customers' decisions through real-time analytics, consultancy, events, and thought leadership.
Main Responsibilities- Deliver global reward processes within Wood Mackenzie, including designing, developing, analysing, implementing, communicating, and monitoring all global compensation projects and initiatives.
- Work within the existing Reward framework to conduct compensation benchmarking exercises, developing salary scales by geography and function for our global organisation.
- Provide regular insight and analytics to support annual salary planning cycle and hiring decisions.
- Extract salary scales by geography and function, using Willis Towers Watson salary data.
- Drive recommendations for market-specific inflationary increases.
- Monitor local regulations related to pay practices and support the developments that may come from audits or studies of compensation policies, programs, and practices.
- Conduct thorough review of high-inflation locations and make considered recommendations on approach.
- Work closely with the HRIS Workday team to support with configuration of the Advanced Compensation module in Workday to meet specific Wood Mac requirements.
- Act as the subject matter expert for advanced compensation in Workday, including compensation plans, eligibility rules, compensation elements, compensation packages, and other related configurations.
- Carry out job evaluations on new roles.
- Accountable for leading the bonus and merit programme in Workday.
- Research and prepare regular and ad hoc reports and compile metrics for analysis as needed.
- Act 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.
- Provide key inputs to Talent Acquisition on new hire compensation.
- Provide key HRIS and reporting metrics.
- Subject Matter Expert advice to business and wider HR team across Reward projects and programs.
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