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- Tasks: Join us as a Rewards Analyst, managing compensation reviews and enhancing our reward strategy.
- Company: We're a boutique consultancy in London, making waves in HR and financial consulting globally.
- Benefits: Enjoy hybrid work, competitive salary, and opportunities for professional growth.
- Why this job: Be a key player in shaping our reward programs and making a real impact on talent retention.
- Qualifications: Experience in global compensation reviews and strong analytical skills are essential.
- Other info: Passion for Reward and a positive attitude will set you apart!
The predicted salary is between 48000 - 84000 £ per year.
Rewards Analyst
Location: London Hybrid 2 days per week
Salary: 60k – 70K
Our client is a boutique consultancy based in London, with subsidiary offices in Canada, Antigua, the Czech Republic, and Switzerland. Our client is at the forefront of strategic, HR, financial, and procurement consulting. They serve as strategic partners for clients to achieve business results through employee value.
The Role
In order to attract, retain, engage and motivate their workforce, They need a Reward programme that makes them attractive to the best talent whilst remaining consistent with their values and culture. You will play a crucial role in this process by acting as a key advisor in the implementation of the reward strategy and taking a leading role in exciting projects that will enhance the current reward activities and capabilities of our business.
Responsibilities
Key responsibilities include :
- Annual Compensation Review, manage the administration, supporting the Reward Manager in the planning and governance of the end-to-end process. This includes auditing data, managing queries, data analysis, report generation and system administration
- Responsible for salary benchmarking for new roles, promotions, internal transfers and out of cycles increases
- Partnering with and training HR Business Partners – including Base Salary & Bonus Review processes, Job Levelling, Benchmarking
- Responsible for the salary and benefits survey submission process and co-ordinating the job levelling and matching process. Ensuring the Job Catalogue and benchmarking processes are regularly updated
- Partnering, consulting and advising HR Directors to support their Reward requirements
- Benefits- supporting the Reward Manager in a benefits consultancy model including preparing market and cost analysis and reviewing offerings, ensuring benefits are meeting the Global Reward Strategy
- Recognition- work with the Reward Manager on managing the global programme, including reporting and assisting with the promotion of the programme
- Compensation Analysis- including Gender Pay Gap Reporting, Compensation vs Performance and other ad-hoc reports
- Mobility- preparing salary and cost analysis for global moves including net-net and cost of living comparisons, total costs for approval and supporting with the Global Mobility strategy
- Keeping up-to-date with Total Reward market practices
- Support in ad-hoc Reward activities, projects and initiatives
The candidate
- Experience of using an external market data source to draw insights on competitiveness of internal compensation levels and practices
- Experience of supporting at least two full global compensation review processes
- Experience of using a HRIS to administrate compensation data
- Passionate about a dedicated career in Reward
- An understanding of data analysis
- Analytical and problem solving skills
- Intermediate to advanced Excel skills
- Excellent communication skills and a positive ‘can do’ attitude
- Previous experience working in a Reward focused role
- Logical, methodical and systematic with a keen eye for detail
- Highly organised and able to work to competitive deadlines
- Private sector experience preferable
- Knowledge of Willis Towers Watson methodology desirable
- Experience of SAP SuccessFactors knowledge desirable
If your interested in applying or want a confidential chat about the role please do not hesitate in applying.
Rewards Analyst employer: Humankind Global Recruitment
Contact Detail:
Humankind Global Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Rewards Analyst
✨Tip Number 1
Familiarize yourself with the latest trends in compensation and benefits. Understanding current market practices will not only help you in interviews but also demonstrate your passion for a career in Reward.
✨Tip Number 2
Network with professionals in the HR and Reward space. Engaging with others in the industry can provide valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 3
Brush up on your Excel skills, especially data analysis functions. Being able to showcase your analytical abilities during discussions will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with global compensation review processes. Be ready to share specific examples of how you've contributed to similar projects in the past.
We think you need these skills to ace Rewards Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in reward management, data analysis, and compensation reviews. Use keywords from the job description to demonstrate your fit for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for a career in Reward. Mention specific experiences that align with the responsibilities listed, such as managing compensation reviews or using HRIS systems.
Highlight Analytical Skills: Emphasize your analytical and problem-solving skills in both your CV and cover letter. Provide examples of how you've used data analysis to inform compensation strategies or improve reward programs.
Showcase Communication Skills: Since excellent communication is key for this role, include examples of how you've effectively partnered with HR teams or presented findings to stakeholders. This will demonstrate your ability to collaborate and advise.
How to prepare for a job interview at Humankind Global Recruitment
✨Showcase Your Analytical Skills
As a Rewards Analyst, you'll need strong analytical and problem-solving skills. Be prepared to discuss specific examples of how you've used data analysis in previous roles, especially in relation to compensation reviews or benchmarking.
✨Demonstrate Your Knowledge of Compensation Practices
Familiarize yourself with current trends in total rewards and compensation practices. Be ready to talk about your experience with external market data sources and how you've applied this knowledge to enhance internal compensation strategies.
✨Highlight Your Communication Skills
Excellent communication is key in this role, especially when partnering with HR Business Partners and advising HR Directors. Prepare to share instances where your communication skills made a significant impact on a project or initiative.
✨Prepare for Technical Questions
Given the importance of HRIS and Excel skills in this position, expect technical questions related to these tools. Brush up on your knowledge of SAP SuccessFactors and be ready to demonstrate your proficiency in Excel, particularly in data analysis and reporting.
