At a Glance
- Tasks: Join us as a Total Rewards Analyst, managing compensation reviews and enhancing our reward strategy.
- Company: We're a boutique consultancy in London, making waves in HR, finance, and procurement consulting.
- Benefits: Enjoy hybrid work, competitive salary, and opportunities for professional growth.
- Why this job: Be part of exciting projects that shape our workforce and make a real impact on talent attraction.
- Qualifications: Experience in global compensation reviews and strong analytical skills are essential.
- Other info: Passion for rewards and a positive attitude will set you apart!
The predicted salary is between 48000 - 84000 £ per year.
Rewards Analyst
Location: London Hybrid 2 days per week
Salary: 60k – 70K
Our client is a boutique consultancy based in London, with subsidiary offices in Canada, Antigua, the Czech Republic, and Switzerland. Our client is at the forefront of strategic, HR, financial, and procurement consulting. They serve as strategic partners for clients to achieve business results through employee value.
The Role
In order to attract, retain, engage and motivate their workforce, They need a reward programme that makes them attractive to the best talent whilst remaining consistent with their values and culture. You will play a crucial role in this process by acting as a key advisor in the implementation of the reward strategy and taking a leading role in exciting projects that will enhance the current reward activities and capabilities of our business.
Responsibilities
Key responsibilities include:
- Annual Compensation Review, manage the administration, supporting the Reward Manager in the planning and governance of the end-to-end process. This includes auditing data, managing queries, data analysis, report generation and system administration
- Responsible for salary benchmarking for new roles, promotions, internal transfers and out of cycles increases
- Partnering with and training HR Business Partners – including Base Salary & Bonus Review processes, Job Levelling, Benchmarking
- Responsible for the salary and benefits survey submission process and co-ordinating the job levelling and matching process. Ensuring the Job Catalogue and benchmarking processes are regularly updated
- Partnering, consulting and advising HR Directors to support their Reward requirements
- Benefits- supporting the Reward Manager in a benefits consultancy model including preparing market and cost analysis and reviewing offerings, ensuring benefits are meeting the Global Reward Strategy
- Recognition- work with the Reward Manager on managing the global programme, including reporting and assisting with the promotion of the programme
- Compensation Analysis- including Gender Pay Gap Reporting, Compensation vs Performance and other ad-hoc reports
- Mobility- preparing salary and cost analysis for global moves including net-net and cost of living comparisons, total costs for approval and supporting with the Global Mobility strategy
- Keeping up-to-date with Total Reward market practices
- Support in ad-hoc Reward activities, projects and initiatives
The candidate
- Experience of using an external market data source to draw insights on competitiveness of internal compensation levels and practices
- Experience of supporting at least two full global compensation review processes
- Experience of using a HRIS to administrate compensation data
- Passionate about a dedicated career in Reward
- An understanding of data analysis
- Analytical and problem solving skills
- Intermediate to advanced Excel skills
- Excellent communication skills and a positive ‘can do’ attitude
- Previous experience working in a Reward focused role
- Logical, methodical and systematic with a keen eye for detail
- Highly organised and able to work to competitive deadlines
- Private sector experience preferable
- Knowledge of Willis Towers Watson methodology desirable
- Experience of SAP SuccessFactors knowledge desirable
If your interested in applying or want a confidential chat about the role please do not hesitate in applying.
Total Rewards Analyst employer: Humankind Global Recruitment
Contact Detail:
Humankind Global Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Total Rewards Analyst
✨Tip Number 1
Familiarize yourself with the latest trends in total rewards and compensation strategies. Understanding current market practices will not only help you in interviews but also demonstrate your passion for a career in this field.
✨Tip Number 2
Network with professionals in the HR and rewards space. Engaging with industry peers can provide valuable insights and potentially lead to referrals, which can significantly enhance your chances of landing the job.
✨Tip Number 3
Brush up on your Excel skills, especially data analysis functions. Since the role requires intermediate to advanced Excel capabilities, being proficient in these tools will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with global compensation review processes. Be ready to share specific examples of how you've contributed to similar projects in the past, as this will showcase your relevant expertise.
We think you need these skills to ace Total Rewards Analyst
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Total Rewards Analyst position. Highlight key responsibilities and required skills that resonate with your experience.
Tailor Your CV: Customize your CV to reflect relevant experience in compensation analysis, data management, and HRIS systems. Use specific examples that demonstrate your analytical skills and problem-solving abilities.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for a career in Reward. Mention your experience with global compensation review processes and how you can contribute to the company's reward strategy.
Highlight Relevant Skills: Emphasize your intermediate to advanced Excel skills and any experience with market data sources or methodologies like Willis Towers Watson. This will show that you are well-equipped for the analytical aspects of the role.
How to prepare for a job interview at Humankind Global Recruitment
✨Showcase Your Analytical Skills
As a Total Rewards Analyst, you'll need strong analytical abilities. Be prepared to discuss specific examples of how you've used data analysis in previous roles, especially in compensation reviews or benchmarking.
✨Demonstrate Your Knowledge of Market Practices
Familiarize yourself with current trends in total rewards and compensation practices. During the interview, reference your understanding of market data sources and how they can inform competitive compensation strategies.
✨Highlight Your Communication Skills
Effective communication is key in this role, especially when partnering with HR Business Partners. Prepare to share instances where you've successfully communicated complex information to non-technical stakeholders.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills. Think about past challenges you've faced in reward management and how you approached them, particularly in global compensation review processes.