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- Tasks: Analyse compensation and benefits, conduct job evaluations, and manage data for strategic insights.
- Company: Join a fast-paced organisation in Berkshire focused on equitable reward packages and diversity.
- Benefits: Enjoy a hybrid role with a competitive salary of around £50,000 plus additional perks.
- Why this job: Be part of a team that drives diversity and inclusion while shaping employee rewards.
- Qualifications: 2-3 years in compensation analysis, strong analytical skills, and knowledge of UK employment laws required.
- Other info: Collaborate with HR and external vendors to enhance compensation strategies.
The predicted salary is between 30000 - 42000 £ per year.
We are recruiting a Compensation & Benefits Analyst to join a fast-paced and growing organisation in Berkshire. Reporting to the Reward Manager, the Compensation & Benefits Analyst will play a key role in supporting the design, implementation, and management of the company’s compensation and benefits programs. You will work closely with HR, Finance and external vendors to ensure competitive and equitable reward packages that align with the organisation's strategy and values.
Key Responsibilities:
- Own the process of gender pay gap analysis, reporting, and improvement strategies to ensure compliance and support diversity and inclusion initiatives.
- Conduct job evaluations and assessments, ensuring roles are classified correctly within the company's pay structure and aligning with market standards.
- Support the development and maintenance of job families, ensuring consistency in job matching and classifications across departments.
- Conduct salary benchmarking against industry standards to ensure competitive pay packages and stay updated with market trends.
- Manage and analyse large data sets to provide meaningful insights that guide decision-making in compensation and benefits strategies.
- Support the preparation of annual salary reviews, bonus schemes, and other reward-related processes.
- Provide analytical support for HRIS and compensation-related systems, ensuring accurate data processing and reporting.
- Collaborate with HR colleagues, management, and external vendors to deliver an effective compensation and benefits offering.
Key Skills & Qualifications:
- A minimum of 2-3 years of experience in compensation and benefits analysis or a related HR role.
- Strong analytical skills with the ability to interpret data and provide actionable insights.
- Experience with compensation surveys and benchmarking.
- Knowledge of UK employment laws and benefits practices.
- Excellent communication skills and the ability to work collaboratively with internal and external stakeholders.
- Proficiency in Excel and HRIS systems.
This is a permanent, hybrid role offering circa £50,000 per annum plus package. If you are interested in this position or would like to find out more, please apply now.
Compensation Benefits Analyst employer: Eyzon
Contact Detail:
Eyzon 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. Research industry standards and be prepared to discuss how you can contribute to competitive pay packages during your interview.
✨Tip Number 2
Brush up on your analytical skills, especially in Excel. Be ready to demonstrate your ability to manage and analyse large data sets, as this is crucial for providing insights that guide compensation strategies.
✨Tip Number 3
Network with professionals in the HR and compensation field. Attend relevant workshops or webinars to connect with others and gain insights that could help you stand out in your application.
✨Tip Number 4
Prepare to discuss your experience with gender pay gap analysis and compliance. Highlight any initiatives you've been involved in that support diversity and inclusion, as these are key aspects 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 compensation and benefits analysis. Emphasise your analytical skills and any specific projects you've worked on that relate to gender pay gap analysis or salary benchmarking.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with their needs, particularly in supporting diversity and inclusion initiatives and managing large data sets.
Highlight Relevant Skills: Clearly outline your proficiency in Excel and HRIS systems, as well as your knowledge of UK employment laws. Use specific examples to demonstrate how these skills have contributed to your previous roles.
Showcase Collaborative Experience: Since the role involves working closely with HR, Finance, and external vendors, include examples of past collaborations. Highlight your communication skills and ability to work effectively with various stakeholders.
How to prepare for a job interview at Eyzon
✨Know Your Numbers
As a Compensation & Benefits Analyst, you'll be dealing with data regularly. Brush up on your analytical skills and be prepared to discuss how you've used data to influence compensation strategies in the past.
✨Understand the Market
Familiarise yourself with current market trends in compensation and benefits. Be ready to talk about how you would conduct salary benchmarking and what factors you consider when evaluating pay structures.
✨Showcase Your Communication Skills
This role requires collaboration with various stakeholders. Prepare examples of how you've effectively communicated complex information to different audiences, ensuring clarity and understanding.
✨Be Ready for Scenario Questions
Expect questions that assess your problem-solving abilities. Think of scenarios where you had to analyse data or implement changes in compensation practices, and be ready to explain your thought process and outcomes.
