Compensation Analyst

Compensation Analyst

Full-Time 42000 - 84000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Analyze and manage compensation data, ensuring pay equity and compliance.
  • Company: Join AVEVA, a leader in software trusted by top industrial companies worldwide.
  • Benefits: Enjoy flexible benefits, 28 days leave, private medical insurance, and education assistance.
  • Why this job: Be part of a team driving equitable compensation practices with a focus on social impact.
  • Qualifications: 5+ years experience in Compensation or HR, advanced Excel skills, and attention to detail required.
  • Other info: This role offers hybrid work options and opportunities for professional growth.

The predicted salary is between 42000 - 84000 £ per year.

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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.
  • 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.

Seniority level

  • Mid-Senior level

Employment type

  • Full-time

Job function

  • Human Resources and Finance
  • Industries
  • Software Development, IT Services and IT Consulting, and Automation Machinery Manufacturing

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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, we provide comprehensive benefits including flexible working arrangements, generous leave policies, and education assistance programs. Join us to be part of a team that values integrity, service excellence, and the pursuit of equitable compensation practices across the globe.
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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 reporting. Understanding current market benchmarks and pay equity issues will help you stand out as a knowledgeable candidate.

Tip Number 2

Highlight your experience with HRIS systems, especially Workday and CompAnalyst. Being able to demonstrate your proficiency with these tools can significantly enhance your candidacy.

Tip Number 3

Showcase your analytical skills by preparing examples of how you've successfully interpreted complex data sets in previous roles. This will illustrate your ability to provide actionable insights.

Tip Number 4

Emphasize your collaborative approach and relationship-building skills. Since this role involves working closely with various teams, demonstrating your ability to work well with others is crucial.

We think you need these skills to ace Compensation Analyst

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

Some tips for your application 🫡

Understand the Role: Take the time to thoroughly read the job description for the Compensation Analyst position at AVEVA. Understand the key responsibilities and required skills, especially focusing on data analysis, compensation trends, and compliance with ESG standards.

Highlight Relevant Experience: In your CV and cover letter, emphasize your 5+ years of relevant work experience, particularly in Compensation, Human Resources, or Finance. Provide specific examples of how you've analyzed complex data sets and contributed to compensation strategies.

Showcase Technical Skills: Make sure to mention your proficiency in HRIS systems like Workday and compensation software such as CompAnalyst. Highlight your advanced Excel skills, especially in data manipulation and reporting, as these are crucial for the role.

Tailor Your Application: Customize your application materials to reflect the analytical and collaborative nature of the role. Use keywords from the job description to demonstrate that you understand the company's needs and how you can contribute to their goals.

How to prepare for a job interview at AVEVA

Showcase Your Analytical Skills

As a Compensation Analyst, your ability to analyze complex data sets is crucial. Be prepared to discuss specific examples of how you've identified trends and drawn meaningful conclusions from data in your previous roles.

Familiarize Yourself with Relevant Tools

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 to enhance compensation analysis and reporting.

Demonstrate Attention to Detail

Given the sensitive nature of compensation data, it's important to highlight your meticulous attention to detail. Prepare to discuss how you ensure accuracy in your analyses and reports, especially when handling confidential information.

Emphasize Collaboration and Communication

This role requires close collaboration with various teams. Be ready to provide examples of how you've effectively worked with others to achieve common goals, particularly in developing actionable recommendations for pay equity and compliance.

Compensation Analyst
AVEVA
A
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