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- Tasks: Support employees with compensation and benefits inquiries while managing data integrity.
- Company: Join a prestigious global financial services firm known for its innovative approach.
- Benefits: Enjoy competitive pay, flexible working arrangements, and engaging employee benefits.
- Why this job: Be part of a dynamic team that values collaboration and offers impactful work.
- Qualifications: Experience in HR or Benefits administration, strong analytical skills, and Excel proficiency required.
- Other info: This role is office-based three days a week in the City.
The predicted salary is between 36000 - 60000 £ per year.
Our client, a prestigious global financial services firm, is looking for a bright and passionate Compensation & Benefits Analyst to join their team.
About the Department & Team:
The Reward team is responsible for creating, managing and implementing compensation policies and programmes, and managing employee benefits across the firm's International populations (primarily UK, Europe and UAE).
Key Responsibilities:
- Provide first-line support for compensation and benefits inquiries from employees, ensuring clear and effective communication.
- Maintain high standards of data integrity within HR systems, ensuring robust data quality for job libraries and compensation structures.
- Collaborate closely with HR Business Partners, Operations, Payroll, and the Reward Team to ensure cohesive management of compensation and benefits initiatives.
- Provide analytical and reporting support for various HR and Reward projects.
Compensation:
- Administer and maintain employee compensation packages, promotions, and ad-hoc pay increases, adhering to established processes and frameworks.
- Conduct market analysis and compensation benchmarking to ensure competitive and equitable compensation packages.
- Support with the annual pay review process, managing merit increases, promotions, and incentive schemes.
Benefits:
- Manage the data and administrative tasks associated with ongoing benefits management and renewals (e.g., risk benefits, health, and pension) across EMEA, including new joiner and leaver processes and communication with benefit providers.
- Develop engaging employee communications to promote our benefits offerings and reinforce the firm as an employer of choice.
- Process invoices related to employee benefits, ensuring reconciliation with departmental budgets.
- Liaise with brokers and benefits providers across EMEA to ensure effective management of employee benefits.
Skills and Experience:
- Experience in HR, Compensation, or Benefits administration, preferably within a complex organisational structure.
- Strong analytical, numerical, and problem-solving skills with a focus on data management and reporting.
- Exceptional attention to detail and organisational skills, with the ability to manage multiple priorities effectively.
- Advanced proficiency in Microsoft Excel, including experience with pivot tables, VLOOKUPs, and data manipulation; familiarity with Power BI and Power Query would be beneficial.
- Excellent communication skills, with the ability to convey complex information clearly and persuasively at all management levels.
- Experience with employee communications and innovative ways to promote benefits is highly desirable.
- Knowledge of European languages a plus.
This role is based in the City and requires 3 days per week in the office.
Compensation Benefits Analyst employer: TDA HR
Contact Detail:
TDA HR Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compensation Benefits Analyst
✨Tip Number 1
Familiarise yourself with the latest trends in compensation and benefits, especially within the financial services sector. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the HR and compensation field, particularly those who work in similar organisations. Attend industry events or join relevant online forums to gain insights and potentially get referrals.
✨Tip Number 3
Brush up on your analytical skills, particularly in Microsoft Excel. Being able to showcase your proficiency with pivot tables and VLOOKUPs can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss how you would handle employee inquiries regarding compensation and benefits. Think of examples where you've successfully communicated complex information clearly, as this is a key part of the role.
We think you need these skills to ace Compensation Benefits Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in HR, Compensation, or Benefits administration. Use keywords from the job description to demonstrate that you meet the specific requirements of the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention your analytical skills and experience with data management, as well as your ability to communicate complex information clearly.
Highlight Relevant Skills: In your application, emphasise your proficiency in Microsoft Excel and any experience with Power BI or Power Query. Provide examples of how you've used these tools in previous roles to support compensation and benefits initiatives.
Showcase Communication Abilities: Demonstrate your excellent communication skills by providing examples of how you've effectively conveyed complex information in past roles. Mention any experience you have with employee communications and promoting benefits offerings.
How to prepare for a job interview at TDA HR
✨Showcase Your Analytical Skills
As a Compensation & Benefits Analyst, strong analytical skills are crucial. Be prepared to discuss your experience with data management and reporting, particularly in relation to compensation benchmarking and market analysis. Highlight specific examples where your analytical abilities made a positive impact.
✨Demonstrate Attention to Detail
This role requires exceptional attention to detail, especially when maintaining data integrity within HR systems. During the interview, share instances where your meticulous nature helped prevent errors or improved processes. This will show that you understand the importance of accuracy in this position.
✨Communicate Effectively
Excellent communication skills are essential for conveying complex information clearly. Practice explaining technical concepts in simple terms, as you may need to do this with various stakeholders. Consider preparing a brief presentation on a relevant topic to demonstrate your ability to communicate effectively.
✨Familiarise Yourself with Employee Benefits
Understanding employee benefits is key for this role. Research common benefits offered in the financial services sector and be ready to discuss innovative ways to promote these offerings. Showing your knowledge in this area will demonstrate your enthusiasm and readiness to contribute to the team.
