At a Glance
- Tasks: Analyse and improve reward strategies while managing data and collaborating with a dynamic team.
- Company: Join TfL, a diverse organisation transforming London's transport for everyone.
- Benefits: Enjoy competitive pay, hybrid working, 30 days leave, and free travel on the TfL network.
- Other info: Be part of a supportive team committed to diversity and inclusion.
- Why this job: Make a real impact on employee satisfaction and help shape fair reward practices.
- Qualifications: Experience in reward analysis, advanced Excel skills, and a collaborative spirit.
The predicted salary is between 40000 - 50000 £ per year.
Hybrid working within this role enables a balance of 50 per cent of time split between the office and home over a 4-week period. Hybrid working arrangements can evolve subject to business requirements.
Our Colleague Strategy is focused on making TfL a great place to work for everyone and the Reward Strategy that underpins this is focused on transforming our Reward to make it fair, transparent and attractive for all whilst keeping it affordable. We are developing and implementing significant changes in Reward at TfL. This includes in pay management and our journey towards pay transparency, rethinking our approach to our performance pay schemes and reinvigorating our benefits and recognition through benchmarking and actively listening to our people’s needs whilst maintaining our overall focus on affordability.
Responsibilities & Key accountabilities
We are seeking an experienced Reward Analyst who can support in the delivery of change projects whilst continuing to meet the flexibility required and the high standards demanded in delivering our day‑to‑day activities. Working collaboratively with our other Reward Analysts, you will support a team of Reward Specialists and Senior Reward Managers in delivering our busy annual cycle of compensation, benefits and recognition activities. You will have experience of working in a Reward environment and able to demonstrate a strong depth of knowledge around remuneration analysis, pay surveys and job levelling. You will have intermediate to advanced excel skills, experience of benefits benchmarking as well as managing and communicating benefits and recognition in a large complex organisation and managing and analysing large quantities of data and clearly communicating your findings. Knowledge of PowerBI is also highly desired.
This role will support across all areas of compensation and benefits undertaking data analysis, research, benchmarking, supplier management and presenting findings from these activities in a clear and meaningful way. You will also be supporting the delivery of pay gap reporting and annual pay and performance processes across TfL.
The management and manipulation of large data sets (normally in MS Excel or PowerBI) that enable various Reward processes and activities to be undertaken. Supporting key BAU processes such as the annual pay reviews across a number of different pay frameworks, pay planning and pay structure maintenance, remuneration committee paper development, strategic pay audits and pay gap reporting.
Benchmark, research and investigate through pay and benefits surveys and participation in external Reward forums, analysing and evaluating internal and external information to support the improvement of market benchmarking. Support the development of pay structures through the analysis of external market data to recommend pay range values and structure design that is appropriate for TfL's requirements. Produce clear, relevant analytical data to support the delivery of our pay gap reporting. Design, develop, implement and maintain a reward dashboards that provide current, clear and concise information relating to all aspects of Reward within TfL. Work with key stakeholders to ensure the successful delivery of key benefits and recognition processes, including cycle to work salary sacrifice, private medical benefit and electric vehicle salary sacrifice Scheme. Support the continuous development and maintenance of SharePoint Reward Hub to ensure clear access for employees across TfL to products. Support in the management and relationships with 3rd party suppliers including contractual, commercial and procurement activities as well as supplier invoicing, purchase order management and accruals.
What you can offer us
Your proven advanced excel skills for complex modelling, data management, advanced formulas, pivot tables and use of PowerBI as well as being highly analytical and numerate with experience of analysing and interpreting data and clearly communicating findings. Your knowledge of interrogating data to understand problems and provide appropriate solutions or recommendations to the business. Proven experience of pay survey submission and results analysis, preferable to have experience of using Willis Towers Watson MDS survey. Your understanding of employee benefits including voluntary schemes, tax efficient salary sacrifice and benefit in kind arrangements. Beyond your proven Reward expertise, your desire and ability to work collaboratively with your colleagues in Reward as well as more widely across our People function is a pre‑requisite for success. You will enjoy working together as a team of experts and sharing knowledge as well as being organised with experience of managing a varied workload to tight timescales.
What we can offer you
A chance to work in a truly diverse organisation with a unique purpose. We do much more than run the Tube! Transport is central to the vision of the Mayor, Sir Sadiq Khan, to create a city for all Londoners. The Mayor's Transport Strategy sets out his plans to transform London's streets, improve public transport and create opportunities for new homes and jobs. Your work will help attract and retain our talent sourced from all quarters to fulfil this purpose, improving the lives of all Londoners. A great team to work in. We would say that wouldn’t we?… But we are collaborative and supportive and will see your success as our own. TfL is committed to diversity. Action on Inclusion is our strategy that underpins our approach. We offer hybrid working – we expect you to be in the office 50% of the time only. We already offer a fantastic Reward package (we just need you to help us continually improve it and help us promote it better to our people).
Benefits
- Final salary pension scheme
- Free travel for you on the TfL network
- Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
- 30 days annual leave plus public and bank holidays
- Hybrid working approach where business and role requirements allow
- Private healthcare discounted scheme (optional)
- Tax‑efficient cycle‑to‑work programme
- Retail, health, leisure and travel offers
- Discounted Eurostar travel
Equality, diversity, and inclusion
We are committed to equality, diversity, and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.
Reward Analyst employer: Future of London
Transport for London (TfL) is an exceptional employer that prioritises a collaborative and inclusive work culture, offering a unique opportunity to contribute to the transformation of London's transport system. With a strong focus on employee well-being, TfL provides a competitive rewards package, including a final salary pension scheme, generous annual leave, and hybrid working arrangements that promote work-life balance. Employees are encouraged to grow and develop within the organisation, making it a fulfilling place for those seeking meaningful and impactful careers.
StudySmarter Expert Advice🤫
We think this is how you could land Reward Analyst
✨Tip Number 1
Network like a pro! Reach out to current or former employees at TfL on LinkedIn. Ask them about their experiences and any tips they might have for landing the Reward Analyst role. Personal connections can give you insights that no job description can.
✨Tip Number 2
Prepare for the interview by brushing up on your Excel and PowerBI skills. Be ready to showcase how you've used these tools in past roles. We want to see your analytical prowess in action, so practice explaining your data findings clearly and concisely.
✨Tip Number 3
Show your passion for TfL's mission! Research their current projects and initiatives related to reward strategies. When you demonstrate that you understand their goals and values, it shows you're not just looking for any job, but you genuinely want to be part of their team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining us at TfL and contributing to our mission of making London a better place for everyone.
We think you need these skills to ace Reward Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Reward Analyst role. Highlight your experience with remuneration analysis, pay surveys, and any relevant Excel or PowerBI skills. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about transforming reward strategies and how you can contribute to our goals at TfL. Keep it engaging and relevant to the job description.
Showcase Your Analytical Skills:Since this role involves a lot of data analysis, make sure to showcase your analytical skills in your application. Mention specific examples where you've successfully managed large datasets or conducted complex analyses.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy!
How to prepare for a job interview at Future of London
✨Know Your Numbers
As a Reward Analyst, you'll be dealing with a lot of data. Brush up on your Excel skills and be ready to discuss how you've used data analysis in previous roles. Be prepared to share specific examples of how you've interpreted data to make recommendations.
✨Understand the Reward Landscape
Familiarise yourself with current trends in remuneration and benefits. Research TfL's existing reward strategies and think about how you can contribute to their transformation. Showing that you understand their goals will set you apart from other candidates.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities. Think of scenarios where you've had to analyse pay structures or manage benefits. Prepare to explain your thought process and the outcomes of your actions clearly and concisely.
✨Show Your Collaborative Spirit
TfL values teamwork, so be ready to discuss how you've worked collaboratively in the past. Share examples of how you've supported colleagues or contributed to team projects, especially in a Reward context. Highlighting your ability to work well with others will resonate with the interviewers.
