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- Tasks: Analyse reward data to shape competitive compensation and benefits strategies.
- Company: Join Nottingham Building Society, a forward-thinking organisation focused on people development.
- Benefits: Up to £40,000 salary, annual bonus, healthcare scheme, and 29 days leave.
- Why this job: Make a real impact by turning insights into meaningful reward outcomes.
- Qualifications: Strong analytical skills and knowledge of reward principles required.
- Other info: Hybrid working model with opportunities for professional growth.
The predicted salary is between 28800 - 48000 £ per year.
Contract type: Permanent
Hours: Full-time, 35 hours
Location: Head Office, Nottingham (Hybrid working, minimum 2 days per week)
Salary: Up to £40,000
Application process: Please apply via the application button which will direct you to our careers site. If you require any adjustments to assist you in applying, please contact.
Our Reward Analyst role sits at the heart of our People & Development team, where numbers meet strategy and insights turn into impact. You’ll shape and deliver reward and HR analysis that drives smart reward decisions, confident budgeting, and rock-solid payroll governance and compliance. From diving into market trends to unpacking internal and external data, you’ll help design and deliver compensation and benefits strategies that attract great people, keep them engaged, and reward them fairly.
This is a role for someone who enjoys digging into data, asking the right questions, and collaborating with HR and senior leaders to make sure our reward frameworks are competitive, equitable, and fit for the future. If you’re excited by the idea of turning insights into meaningful reward outcomes - we’d love to hear from you.
Here’s a taste of what you will be doing as a Reward Analyst at Nottingham Building Society:
- Support the Senior Reward & Insights Manager with analysis and committee-ready papers for P&D leadership.
- Help keep our reward and benefits competitive, compliant, and aligned with legislation.
- Support the annual P&D budgeting cycle.
- Deliver reward analytics and modelling for salary reviews, bonus schemes, and total reward design.
- Maintain grading data, support job evaluation, and manage salary benchmarking.
- Assist with third-party providers (e.g. pensions) and benefit administration.
- Support the delivery and continuous improvement of employee benefits and related communications.
- Provide data, audits, and reconciliations across benefit programmes.
- Offer cover and support for internal payroll processing when required.
About you:
- Strong knowledge of reward principles, including pensions, medical and cash plans, bonuses, and commissions.
- Experience with reward suppliers and benefit schemes.
- Up-to-date knowledge of reward and incentive best practice.
- Confident with job evaluation, grading/banding, and incentive design.
- Highly analytical, with advanced Excel skills.
- A clear, confident communicator who works well with stakeholders.
- Knowledge of Willis Towers Watson Global Grading (desirable).
- Good understanding of how reward supports business strategy.
Reward & Benefits - A fair and competitive salary evaluated against market data, annual discretionary bonus scheme, Medicash healthcare scheme, 29 days annual leave plus.
Reward Analyst - Nottingham City employer: Nottingham Building Society
Contact Detail:
Nottingham Building Society Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reward Analyst - Nottingham City
✨Tip Number 1
Get to know the company inside out! Research Nottingham Building Society's values, culture, and recent news. This will help you tailor your conversations and show that you're genuinely interested in being part of the team.
✨Tip Number 2
Network like a pro! Connect with current employees on LinkedIn or attend industry events. A friendly chat can sometimes lead to insider tips or even a referral, which can give you a leg up in the hiring process.
✨Tip Number 3
Prepare for the interview by practising common questions related to reward analysis. Think about how your skills align with the role and be ready to share examples of your analytical prowess and teamwork.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, if you need any adjustments during the process, just reach out – we’re here to help!
We think you need these skills to ace Reward Analyst - Nottingham City
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reward Analyst role. Highlight your analytical skills and experience with reward principles, as these are key for us. Use specific examples that showcase how you've turned insights into impactful decisions.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Share your passion for data analysis and how it aligns with our mission at StudySmarter. Don’t forget to mention why you’re excited about the role and how you can contribute to our People & Development team.
Showcase Your Skills: We love seeing strong analytical skills, especially with Excel! Make sure to highlight any relevant experience with salary reviews, bonus schemes, or job evaluations. This will help us see how you can hit the ground running in the role.
Apply Through Our Website: Don’t forget to apply via the application button on our careers site! It’s the easiest way for us to receive your application. If you need any adjustments during the process, just reach out – we’re here to help!
How to prepare for a job interview at Nottingham Building Society
✨Know Your Numbers
As a Reward Analyst, you'll be diving into data, so make sure you're comfortable discussing key metrics and trends in reward management. Brush up on your knowledge of compensation structures, benefits schemes, and how they align with business strategy.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess during the interview. Bring examples of past projects where you've used data to drive decisions or improve processes. Be ready to discuss how you approach problem-solving and what tools you use, especially Excel.
✨Understand the Company’s Reward Strategy
Research Nottingham Building Society's current reward frameworks and any recent changes in their policies. This will not only show your interest but also allow you to ask insightful questions about their approach to compensation and benefits.
✨Communicate Confidently
As a Reward Analyst, you'll need to collaborate with various stakeholders. Practice articulating your thoughts clearly and confidently. Use examples from your experience to illustrate how you've effectively communicated complex information to non-technical audiences.
