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- Tasks: Join us as a Reward Analyst to harmonise compensation structures across multiple UK businesses.
- Company: We're a large international company based in London, with around 1500 employees across various entities.
- Benefits: Enjoy a hybrid work model, parking options, and potential for almost full remote work.
- Why this job: This is a unique chance to build a reward structure from the ground up in an exciting project.
- Qualifications: We're looking for analytical self-starters with experience in compensation analysis or management.
- Other info: Immediate start available, with competitive pay of £250-£300/day for a minimum of 6 months.
The predicted salary is between 50000 - 60000 £ per year.
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We are currently looking for an experienced Reward Analystfor an immediate start position that is likely to last for between 6-12 months.
Working for a large international company, this is an exciting project helping them harmonise and organise their internal structures. They are based in London and operate a hybrid model, offer parking, and for the right candidate could consider almost fully remote (1-2 days per month in the office potentially).
The company consists of around a dozen separate businesses across the UK, varying in size, but with a total headcount of around 1500. As things stand, they all operate as separate entities with different compensation models, salary gradings, benefits, bonus structures, and even salary review times! What the newly joined HRD is looking to do is to harmonise all of the staff under the one umbrella, and a big part of that is getting the Reward structure in place.
This is a big project, and very much for someone who wants to roll their sleeves up and get stuck in, but if that’s something that excites you, this will be an amazing opportunity to build something from the ground up!
Duties will include;
- Make a full review of reward offerings across all the UK entities
- Conduct a thorough evaluation of existing pay structures, compensation schemes etc. and make an assessment of their effectiveness
- Analyse the current short- and long-term incentive programmes and benchmark against industry
- Perform a comprehensive benchmarking analysis against relevant industry standards and competitors across all businesses within the group
- Evaluate the current compensation framework, including job grading, pay scales and benefits, to identify gaps or areas of improvement
- Provide recommendations for harmonisation and job levelling as well as making recommendations for enhancing the organisations rewards structures
What they are looking for is a highly analytical and independent Reward/Compensation Analyst or Reward Manager who is looking for a project to get their teeth into. You will need to be a self-starter, happy to work in a standalone capacity, be immediately available, and ideally have some experience in a “start from scratch” project like this.
They are looking to pay around £250-£300/day and expect this project to last a minimum of 6 months, potentially much longer.
For more information or to be considered please contact John Bruce at Frazer Jones ASAP.
The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.
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Reward Analyst employer: Maximum ManagementFrazer Jones USA
Contact Detail:
Maximum ManagementFrazer Jones USA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reward Analyst
✨Tip Number 1
Familiarise yourself with the latest trends in reward management and compensation structures. This will not only help you understand the role better but also allow you to speak confidently about how you can contribute to the harmonisation project during interviews.
✨Tip Number 2
Network with professionals in the HR and reward management field. Engaging with others who have experience in similar projects can provide valuable insights and may even lead to referrals or recommendations for the position.
✨Tip Number 3
Prepare to discuss specific examples from your past work where you've successfully implemented or evaluated reward structures. Highlighting your analytical skills and ability to work independently will resonate well with the hiring team.
✨Tip Number 4
Stay updated on industry benchmarks and standards for compensation. Being knowledgeable about what competitors are offering can help you make informed recommendations during the interview process, showcasing your expertise in the field.
We think you need these skills to ace Reward Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in reward analysis and compensation management. Focus on projects where you've harmonised pay structures or improved compensation frameworks.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the opportunity to contribute to a project from the ground up. Mention specific skills that align with the job description, such as analytical abilities and experience with benchmarking.
Showcase Relevant Experience: When detailing your work history, emphasise any previous roles where you conducted evaluations of pay structures or developed incentive programmes. Use metrics to demonstrate your impact, such as improvements in employee satisfaction or retention rates.
Highlight Your Analytical Skills: Since the role requires a highly analytical mindset, provide examples of how you've used data to inform decisions in past positions. Discuss any tools or methodologies you are familiar with that relate to compensation analysis.
How to prepare for a job interview at Maximum ManagementFrazer Jones USA
✨Understand the Role
Make sure you have a clear understanding of what a Reward Analyst does. Familiarise yourself with key concepts like compensation models, benchmarking, and job grading. This will help you answer questions confidently and demonstrate your knowledge.
✨Prepare Relevant Examples
Think of specific examples from your past experience that showcase your analytical skills and ability to work independently. Be ready to discuss how you've tackled similar projects or challenges, especially those involving harmonisation of reward structures.
✨Research the Company
Look into the company’s current reward structures and any recent news about their HR initiatives. Understanding their unique challenges will allow you to tailor your responses and show that you're genuinely interested in helping them improve their processes.
✨Ask Insightful Questions
Prepare thoughtful questions to ask at the end of the interview. Inquire about their current reward strategies, the team you'll be working with, and what success looks like for this project. This shows your enthusiasm and helps you gauge if the role is the right fit for you.
