Reward Analyst

Reward Analyst

Bolton Full-Time 36000 - 60000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Analyse reward data, develop reports, and support pay structures.
  • Company: Join LTE Group, a national leader in education and training, impacting over 100,000 learners.
  • Benefits: Enjoy hybrid working, career development, generous leave, and discounts on health care.
  • Why this job: Be part of a mission-driven team improving lives through learning and skills.
  • Qualifications: Experience with complex data analysis and HR systems like iTrent or Power BI preferred.
  • Other info: Commitment to safeguarding and promoting welfare; inclusive workplace culture.

The predicted salary is between 36000 - 60000 £ per year.

At LTE Group we have an exciting opportunity for a Reward Analyst to join us, this is a permanent role, full time (37 hours per week) on a hybrid basis. The LTE Group is a national, public-sector learning, training and education organisation with a clearly defined mission to ‘improve lives and economic success through learning and skills. Our valued 4,000 colleagues drive our delivery of specialist learning to over 100,000 learners in over 120 UK locations, across our businesses.

What the Reward Analyst role entails:

  • Reporting to the Head of ER, Policy & Reward, this role will provide analytical reward expertise supporting our reward strategy and reward projects.
  • The role will support the development and implementation and ongoing maintenance of pay and grading structures; developing reports and leading on analysis relating to cyclical reward activity; analysing and interpreting complex data, benchmarking and role evaluation.

As the Reward Analyst, you will be responsible for the following:

  • Fulfilling all data and analysis requirements within the Reward function, developing and running reward management reports, analysing and providing insight and recommendations on pay trends, benefit offerings and retention strategies.
  • Responsible for harnessing a variety of data sources including iTrent, Business Objects, and Excel to provide deep analytical insights that inform strategic Reward initiatives.
  • Work with the Reward Business Partner and Head of ER, Policy and Reward, to identify the most appropriate Reward metrics and reporting requirements tailored to the required audience / business unit.
  • Lead the data input, reporting and analysis of market benchmarking and salary surveys including the annual colleague survey and annual Gender Pay Gap reporting and any additional reporting as required.
  • Contribute to the ongoing maintenance of existing pay and grading frameworks including salary benchmarking and bonuses, ensuring regular audits are undertaken to ensure compliance across LTE group and internal reward policies.
  • Supporting the annual cyclical processes (pay review, bonus, benefits renewals) working collaboratively across the HR team to ensure these are processed on time.
  • Supporting the Reward Business Partner, taking a proactive and collaborative approach making recommendations and suggestions to improve reward policies, process and practice as appropriate.
  • Support with reward administration as appropriate.

To be successful in your application we are looking for the following qualifications & experience:

  • Experience of reporting on complex reward data, using Excel or Business Objects techniques to present information clearly.
  • Analysing complex Reward data and reporting on and analysing equality data experience.
  • An understanding of reward processes e.g. job evaluation.
  • Providing data for external surveys e.g. market salary surveys, ensuring data meets the requirements of external agencies.
  • Self-starter with experience of working on own projects with initiative.
  • Experience of working with I Trent, Power BI and/or equivalent HR systems an advantage.

The benefits of working for LTE Group:

  • An excellent annual leave entitlement.
  • In-house ‘Evolve’ training programme offers you the chance to upskill and further your career through a wide range of recognised qualifications.
  • Hybrid working.
  • Career development opportunities.
  • Local Government Pension Scheme.
  • Discounts on your health care through Simply Health.
  • Free, confidential support service provided by an external organisation, PAM Assist.
  • Cycle to work scheme saving you 25% on your purchase.
  • Access to lots of offers with well-known retailers.

Safeguarding:

LTE group is committed to safeguarding and promoting the welfare of children and young people and expects all staff and volunteers to share this commitment. All applicants will be required to undergo an appropriate DBS check via the Criminal Records Bureau and may be subject to additional online checks as part of our pre-screening process. Some roles are exempt from the Rehabilitation of Offenders Act 1974 and would require an Enhanced DBS check.

Equal opportunities statement:

The LTE Group is committed to providing an environment free from discrimination, bullying, harassment, or victimisation, where all members of our community are treated with respect and dignity. The LTE Group is committed to working in an inclusive way with all the communities where we are geographically located and to developing a workforce and student community that reflects Greater Manchester’s and the UK’s rich diversity and vibrancy.

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Contact Detail:

LTE Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Reward Analyst

✨Tip Number 1

Familiarise yourself with the key tools mentioned in the job description, such as iTrent and Business Objects. Having a solid understanding of these systems will not only help you during the interview but also demonstrate your readiness to hit the ground running.

✨Tip Number 2

Brush up on your analytical skills, particularly in Excel. Being able to showcase your ability to analyse complex data and present it clearly will be crucial for this role, so consider preparing examples of past work where you've successfully done this.

✨Tip Number 3

Research current trends in reward management and pay structures. Understanding the latest developments in the field will allow you to engage in meaningful discussions during your interview and show that you're proactive about staying informed.

✨Tip Number 4

Network with professionals in the HR and reward sectors. Engaging with others in the field can provide valuable insights and potentially lead to referrals, making your application stand out even more when you apply through our website.

We think you need these skills to ace Reward Analyst

Analytical Skills
Data Analysis
Excel Proficiency
Business Objects Experience
Understanding of Reward Processes
Job Evaluation Knowledge
Market Benchmarking
Reporting Skills
Attention to Detail
Self-Starter
Project Management
Collaboration Skills
Problem-Solving Skills
Knowledge of HR Systems (iTrent, Power BI)
Communication Skills

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities of a Reward Analyst. Familiarise yourself with key terms like pay structures, benchmarking, and data analysis to tailor your application effectively.

Highlight Relevant Experience: In your CV and cover letter, emphasise any experience you have with complex reward data reporting, especially using tools like Excel or Business Objects. Mention specific projects where you've successfully analysed data or contributed to reward strategies.

Showcase Analytical Skills: Demonstrate your analytical skills by providing examples of how you've interpreted complex data in previous roles. Discuss any experience with market salary surveys or gender pay gap reporting to align with the job requirements.

Tailor Your Application: Customise your application to reflect the values and mission of LTE Group. Highlight your commitment to improving lives through learning and skills, and how your background aligns with their goals.

How to prepare for a job interview at LTE Group

✨Know Your Data Tools

Familiarise yourself with the data tools mentioned in the job description, such as iTrent, Business Objects, and Excel. Be prepared to discuss your experience using these tools and how you've leveraged them to analyse complex reward data.

✨Understand Reward Processes

Make sure you have a solid understanding of reward processes like job evaluation and market salary surveys. Be ready to explain how you've applied this knowledge in previous roles or projects.

✨Showcase Analytical Skills

Prepare examples that demonstrate your analytical skills, particularly in relation to pay trends and benefit offerings. Highlight any specific reports or insights you've generated that led to strategic decisions.

✨Emphasise Collaboration

Since the role involves working closely with the Reward Business Partner and HR team, be sure to highlight your collaborative experiences. Discuss how you've worked with others to improve reward policies or processes in the past.

Reward Analyst
LTE Group
Location: Bolton
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