Reward Analyst

Job Title: Reward Analyst

Location: Coventry

Job Type: Maternity cover (fixed term 12 months)

Working hours: 36 Hours per week (Fully Flexible Working Week and Hybrid working options available)

Benefits: Vitality Medical, Company Pension, Tusker Car Scheme & Cycle 2 work scheme and more.

The Role

The role will research trends, analyse and present data to enhance our colleague experience, provide people insights and support the development and delivery of the Reward and Recognition Strategy. Working with the Head of the People Experience Team; the role has an opportunity to shape and influence our reward and recognition strategy and processes. The role will focus on a range of reward and recognition projects, using existing or new systems to develop improved solutions and support the wider People team when required. Projects include our awards and recognition programmes, benchmarking and job evaluations, pay gap reporting and pay review cycles. The post-holder will be highly motivated and driven to achieve results, having the ability to work autonomously and in teams. The MTC (Manufacturing Technology Centre) is a fast growing, fast-paced business and the role will ensure that the service and processes offered by the People team continue to be high performing and customer driven. There will be a need to demonstrate initiative, creativity and innovation to ensure robust, best in class and customer focused outcomes. The post-holder will need to be self-motivated with the ability to work autonomously to identify and develop improvements, generate ideas, and build innovative processes in conjunction with a team or independently. Enhanced engagement and influencing skills will be key, as well as confidence in facilitating and presenting to small groups.

Main Responsibilities:

• Create models and build insight to enable the business to understand and optimise total reward.

• Conduct competition analysis and benchmarking; sourcing and utilising external resources where appropriate.

• Conduct modelling and costings for business transformation impacting rewards. • Provide detailed analysis/ dashboards of Group Reward data and adaptable explanation of what it means to stakeholders.

• Support the delivery of current and future reward and recognition projects as defined within the People Plan/ Strategy.

• Carry out job evaluations in partnership with internal stakeholders to ensure role alignment with organisational design.

• Undertake annual salary benchmarking and reviews.

• Support the execution and delivery of the annual pay review cycle by working collaboratively across the business and leading improvements to the process.

• Support the preparation of data for external compensation and benefits surveys and pay gap reports.

• Responsible for tracking KPI performance, including in relation to management/ other bonus targets.

• Support the day to day running of the benefits processes, seeking and implementing continuous improvement opportunities, and supporting additional reporting requests.

• Keep informed of regulatory development and their implications relevant to rewards at all times.

• Support the management and regular reviews of HR policies; as well as when required, analysing trends, interpreting these and advising accordingly.

• Support other work within the remit of the People Experience Team; which may include employee relations; equality, diversity and inclusion; and wellbeing.

Person Specification

Essential Skills/Qualifications/Experience

• Highly effective communication skills, both verbal and written, to build long-term and collaborative relationships at all levels of the team, and with stakeholders across the business.

• The post-holder will need to demonstrate excellent analytical skills with the ability to produce data, reports, and presentations clear and concisely to a high standard appropriate to the project and customer audience.

• As well as excellent interpersonal skills the post–holder will also need to be well organised and able to manage multiple projects or areas of work in parallel to a high standard.

• Advanced Excel skills.

• Ability to analyse complex data with excellent attention to detail and demonstrate the ability to influence and inform decisions/ recommendations based on the information and data available.

• Can demonstrate good leadership and influencing skills to facilitate and lead stakeholders, ensuring a collaborative and inclusive approach.

Desirable Skills/Qualifications/Experience

• Knowledge of and a proactive approach to problem-solving tools and techniques to support the identification of opportunities for enhanced service delivery.

• Utilising previous project management experience is desirable, to drive and generate innovative ideas and to accurately manage the implementation of these data-driven initiatives.

• A background in HR, and experience of Reward/ Compensation and Benefits is beneficial. To excel in the role, you will need to demonstrate the passion and energy to promote change and innovation within Reward and Recognition, while working collaboratively to engage others along the way.

• Familiarity with HR systems. Interview Process Once you submit your application, this will be passed on to our Talent Acquisition team for review.

Reference and Security Checks Due to the nature of our business, all employment is subject to satisfactory references being obtained alongside a level of security clearance checks.

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