At a Glance
- Tasks: Join an international reward team managing operational tasks and special payments.
- Company: Work with a leading Investment Management firm in London.
- Benefits: Enjoy a hybrid work model with 2-3 days in the office.
- Why this job: Gain valuable experience in reward operations while making an impact on pay reviews.
- Qualifications: 3-4 years of Reward experience required, especially in pay reviews and salary benchmarking.
- Other info: This is a 6-month contract role paying £300 per day.
The predicted salary is between 60000 - 84000 £ per year.
ROLE PURPOSE
To contribute to the successful development and delivery of global reward processes, administration and projects. Working across the team to support reward initiatives, update policies, processes and communications.
Accountabilities
Lead the delivery of reward activities for the UK and overseas countries including implementation of Reward strategy / projects when required.
Be part of a core team involved in the end-to-end annual pay review processes including, collation, analysing and reporting of data as well as key Reward projects.
Undertake Reward trend analysis, identify themes and report back to Reward Managers.
Oversee administration of reward policies by Reward associate guiding and supporting them in best practice and process improvement.
Accountable for all job evaluation activities including training of committee members to ensure required standards, consistency and compliance across the business and providing People Business Partners with guidance and support
Undertake regular audit reviewed on job gradings so they are appropriately audited, logged and applied to support end of year pay reviews
Prepare data submissions and complete relevant external pay surveys for the UK and overseas.
Provide input into Reward communication / material that drives colleague engagement
Provide an effective efficient point of contact as a subject matter expert on core reward processes and be able to respond to queries from People Business Partners and the wider business up to senior managers.
Responsible for contract management ensuring contracts are auditable and in line with legislative requirements
Works collaboratively with the wider Reward team to contribute to the achievement of Reward projects
Keep up to date on external Reward factors such as legislative changes and consider making proactive recommendations to reward managers
Core Traits
Curiosity –motivated to understand our people and business strategy and it’s link to Reward. Question what we know and how it can be improved • Resilient determination to succeed and commitment to delivery in tight timescales. Respond positively to challenge • Initiative –take an active approach to analysis and problem solving • Collaborative -flexible team member, open to supporting others, sharing knowledge and seeking help as required across
A good willingness to learn about broader Reward projects
Skills / capabilities
Good communication skills, both written and verbal.
Ability to successfully manage and influence the expectations of and communicate with stakeholders.
Ability to work as part of a team or as an individual.
High level of analytical skills and logical development of solutions and evaluation of processes.
Remain up to date on wider business issues and able to see big picture and relate to role.
Demonstrates flexibility –and able to reprioritise when mitigating circumstances change.
Capable in handling highly sensitive and confidential information
Able to use discretion effectively whilst at all times maintaining the required position of the Reward and People function, including delivering difficult messages as necessary
Good Organisational Skills
Qualifications / experience
Experience of supporting reward processes
Excellent data analysis skills with advanced excel
Excellent communication and stakeholder management skills
Ability to manage conflicting priorities and work to tight timescales
Highly numerical and analytical with strong attention to detail
Able to manage and organise projects
Reward Analyst employer: Hays
Contact Detail:
Hays Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reward Analyst
✨Tip Number 1
Make sure to familiarize yourself with Workday and Excel, as these tools are crucial for the role. Highlight any specific projects or tasks you've completed using these platforms in your discussions.
✨Tip Number 2
Demonstrate your understanding of annual pay reviews and gender parity reports. Be prepared to discuss your experience in these areas and how you can contribute to the team's goals.
✨Tip Number 3
Network with professionals in the investment management sector. Engaging with others in the field can provide insights and potentially lead to referrals that may help you land the job.
✨Tip Number 4
Stay updated on current trends in reward management and salary benchmarking. Being knowledgeable about industry standards will show your commitment and expertise during conversations.
We think you need these skills to ace Reward Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your 3-4 years of Reward experience. Focus on specific achievements related to annual pay reviews, gender parity reports, and salary benchmarking.
Highlight Relevant Skills: Emphasize your proficiency in using Workday and Excel for managing special payments and operational tasks. Mention any relevant certifications or training that support your expertise.
Craft a Strong Cover Letter: Write a cover letter that explains why you are a great fit for the role. Discuss your experience with pay review operations and how you can contribute to the international reward team.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is crucial for a Reward Analyst.
How to prepare for a job interview at Hays
✨Showcase Your Reward Experience
Make sure to highlight your 3-4 years of experience in reward management during the interview. Be prepared to discuss specific projects you've worked on, especially those related to annual pay reviews and gender parity reports.
✨Demonstrate Proficiency in Workday and Excel
Since the role involves managing special payments on Workday and Excel, be ready to talk about your technical skills. Share examples of how you've used these tools effectively in previous roles.
✨Prepare for Pay Review Operations Questions
Expect questions related to processing pay review operations and line manager recommendations. Think of scenarios where you successfully managed these processes and be ready to explain your approach.
✨Understand Salary Benchmarking
Familiarize yourself with salary benchmarking practices as this is a key aspect of the role. Be prepared to discuss how you have conducted benchmarking in the past and the impact it had on your organization.