Compensation Analyst

Compensation Analyst

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Analyze and manage global compensation data to ensure equity and compliance.
  • Company: AVEVA creates trusted software for over 90% of leading industrial companies.
  • Benefits: Enjoy flexible benefits, 28 days leave, private medical insurance, and education assistance.
  • Why this job: Join a collaborative team driving equitable compensation practices with a focus on social impact.
  • Qualifications: 5+ years in Compensation or HR, advanced Excel skills, and experience with HRIS systems preferred.
  • Other info: This role offers hybrid work options and opportunities for professional growth.

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

Job Description

AVEVA is creating software trusted by over 90% of leading industrial companies.

Compensation Analyst

London (Hybrid)

Job Purpose:

Supports the design, analysis and administration of AVEVA’s global compensation programs. Managing large amounts of sensitive compensation data, interprets and translates complex analysis into clear actionable items. Conducts comprehensive market pricing and pay gap analyses, produces detailed reports on compensation trends and ensures compliance with ESG reporting standards. Working closely with People Tech, maintains compensation tables updated in Workday as well as our internal CompAnalyst platforms. This role’s responsibilities contribute to the insights that drive equitable and competitive compensation practices across the organization.

Main Duties of the Role:

  • Provides analytical expertise and support to the Compensation team to ensure timely and efficient data analysis and reporting.
  • Analyses and provides insights into pay structures, fixed and variable pay, allowances and overall compensation costs across different regions.
  • Conducts detailed pay gap analyses to identify disparities in compensation based on gender, race, and other diversity metrics. In partnership with the broader People Team, may develop actionable recommendations to address any identified gaps and ensure pay equity across the organization.
  • Performs market pricing analyses to compare the organization's compensation levels with industry benchmarks. Utilizes survey data and other resources to ensure competitive compensation packages for all roles and regions.
  • Supports Environmental, Social, and Governance (ESG) initiatives by preparing and analyzing compensation-related data for ESG reporting. Ensures compliance with global standards and reporting requirements.
  • Participates in the configuration of CompAnalyst platform, uploading data and ensuring integration with Workday is implemented and troubleshooted as needed.
  • Maintains salary tables in different platforms and seeks opportunities for automation.
  • Ensures compliance with international compensation regulations and reporting requirements. Prepares necessary documentation and reports to meet legal obligations and support audits.
  • Creates and delivers ad-hoc compensation reports and analyses as requested by leadership. Provides data-driven insights to support decision-making and strategic planning.
  • As part of the Global Compensation Team, may take an active role in supporting annual compensation cycles.

Important Working Relationships:

  • Close working relationships with the global compensation team, the wider Reward CoE and Global People Teams is essential to provide a holistic approach to all Reward activities.

Essential Competencies, Knowledge, Skills and Experience :

  • 5+ years of relevant work experience with a minimum of 3 years in Compensation, Human Resources or Finance.
  • Proven experience analyzing complex data sets, identifying trends and drawing meaningful conclusions with a meticulous attention to detail.
  • Previous experience working with HRIS Systems (Workday) and/or Compensation software (CompAnalyst) highly preferred.
  • Advanced Excel for data manipulation and reporting.
  • Ability to handle sensitive information in a confidential manner.
  • Demonstrated ability to work independently and take initiative while also being an effective team member.

Behaviors:

  • Analytical, logical, creative and strategic thinker.
  • The ambition and drive to work at pace and meet challenging deadlines.
  • Service excellence and team orientated growth mindset.
  • Operate calmly and effectively when under pressure.
  • Collaborative approach and relationship builder.
  • Strong on governance application and seeking process improvements
  • Enthusiastic and passionate team player.
  • Acts with integrity and flexibility.

UK Benefits include:

Flexible benefits fund, emergency leave days, adoption leave, 28 days annual leave (plus bank holidays), pension, life cover, private medical insurance, parental leave, education assistance program.

It’s possible we’re hiring for this position in multiple countries, in which case the above benefits apply to the primary location. Specific benefits vary by country, but our packages are similarly comprehensive.

Find out more: aveva.com/en/about/careers/benefits/

Compensation Analyst employer: AVEVA

AVEVA is an exceptional employer, offering a dynamic work environment in London that fosters collaboration and innovation. With a strong commitment to employee growth, AVEVA provides comprehensive benefits including flexible working arrangements, generous leave policies, and education assistance, ensuring a healthy work-life balance. Join a passionate team dedicated to driving equitable compensation practices while contributing to meaningful ESG initiatives, all within a culture that values integrity and service excellence.
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Contact Detail:

AVEVA Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Compensation Analyst

Tip Number 1

Familiarize yourself with the latest trends in compensation analysis and ESG reporting. This knowledge will not only help you understand the role better but also demonstrate your commitment to staying updated in this field.

Tip Number 2

Network with professionals in the compensation and HR fields, especially those who have experience with Workday and CompAnalyst. Engaging with industry peers can provide valuable insights and potentially lead to referrals.

Tip Number 3

Showcase your analytical skills by preparing a case study or example of a past project where you successfully analyzed compensation data. This practical demonstration can set you apart during discussions.

Tip Number 4

Be prepared to discuss how you would approach pay gap analyses and what strategies you would recommend for ensuring pay equity. This shows that you are proactive and ready to contribute from day one.

We think you need these skills to ace Compensation Analyst

Analytical Skills
Attention to Detail
Data Analysis
Compensation Analysis
Market Pricing Analysis
Pay Gap Analysis
HRIS Systems (Workday)
Compensation Software (CompAnalyst)
Advanced Excel
Report Generation
Compliance Knowledge
ESG Reporting
Confidentiality
Problem-Solving Skills
Collaboration Skills
Strategic Thinking
Process Improvement

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Compensation Analyst position at AVEVA. Familiarize yourself with their global compensation programs and the importance of data analysis in this role.

Tailor Your CV: Customize your CV to highlight relevant experience in compensation, human resources, or finance. Emphasize your analytical skills and any experience with HRIS systems like Workday or compensation software such as CompAnalyst.

Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for compensation analysis and your ability to handle sensitive data. Mention specific examples of how you've contributed to equitable compensation practices in previous roles.

Highlight Relevant Skills: In your application, be sure to highlight your advanced Excel skills, attention to detail, and ability to work independently while being a team player. These competencies are crucial for the role and should be clearly communicated.

How to prepare for a job interview at AVEVA

Showcase Your Analytical Skills

Since the role requires analyzing complex data sets, be prepared to discuss specific examples from your past experience. Highlight how you identified trends and drew meaningful conclusions, demonstrating your meticulous attention to detail.

Familiarize Yourself with Compensation Software

Make sure you have a good understanding of HRIS systems like Workday and compensation software such as CompAnalyst. If you have experience with these tools, be ready to share how you've used them in your previous roles.

Discuss Pay Equity Initiatives

Given the focus on pay gap analyses and ensuring pay equity, come prepared to discuss any initiatives you've been involved in that address disparities in compensation. This shows your commitment to fairness and compliance with ESG standards.

Demonstrate Your Collaborative Approach

The role emphasizes close working relationships with various teams. Be ready to provide examples of how you've successfully collaborated with others in your previous positions, showcasing your ability to build relationships and work effectively in a team.

Compensation Analyst
AVEVA
A
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