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For Companies At a Glance
- Tasks: Join a friendly team to analyze salary, benefits, and performance plans.
- Company: Be part of a growing organization that values its employees.
- Benefits: Gain valuable experience that enhances your CV and career prospects.
- Why this job: This role offers a chance to make an impact in compensation analysis.
- Qualifications: Must be a graduate with strong compensation analysis experience.
- Other info: Experience in Financial Services is preferred.
The predicted salary is between 36000 - 60000 £ per year.
Reward Specialist | 12 Month FTC | Birmingham | £50,000 – £56,000 | Hybrid
For Europe’s biggest infrastructure project, based in Birmingham, we are recruiting a Reward Specialist for a 12 months FTC. This role will work within a small friendly team to advise on all aspects of Reward, including benefits, pensions, salary benchmarking, job evaluation, governance, forecasting and reporting requirements. The Reward Analyst will also be the main point of contact for all Reward related employee queries. This role is based out of Birmingham and is hybrid working with 2-days per week in the office.
Main Duties:
- Delivery of Reward activities including pay reviews, benefits administration, apprentice pay, and salary range reviews
- Lead Reward activities to support HR and the wider business, providing advise to HR, Line Managers and Employees alike.
- Design and develop Reward tools, reward templates, guidelines and calculators
- Partner with 3rd party Benefit providers and assist in delivery of key benefits projects including annual benefits renewals and pensions re-enrolment
- Support the payroll team with salary sacrifice, and benefits reporting
- Reward governance and salary benchmarking, working with the Head of Reward to produce reports for Remuneration Committee
- Pay modelling and provision of analysis and proposals for Pay Ranges Review
- Provide internal and external benchmarking salary data to Head of Reward
- Project manage job evaluation activities using Hay Methodology
- Point of contact for grading senior roles, maintain governance of job evaluation library, ensuring all data library items are robust and up to date.
Person Specification:
- Strong experience and training in the Hay Job Evaluation methodology and communication evaluation outcomes
- Experience of Reward analysis and providing advice to employees
- Experience working at an operational level in a Reward team
- Coordination and delivery of annual pay reviews
- Experience working with salary survey providers including Hay Korn Ferry, WTW, survey interpretation, pay ranges review and analysis and pay modelling
- Experience of project delivery using pay design and organisational design processes
Reward Specialist employer: Pro-Recruitment Group
Contact Detail:
Pro-Recruitment Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reward Specialist
✨Tip Number 1
Familiarize yourself with the latest trends in compensation analysis and benchmarking. This will not only help you understand the market better but also demonstrate your proactive approach during discussions.
✨Tip Number 2
Network with professionals in the financial services sector. Engaging with industry peers can provide insights into best practices and may even lead to referrals for the Reward Specialist position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully analyzed market data in previous roles. Being able to articulate your experience with tools like Willis Tower Watson or McLagan will set you apart.
✨Tip Number 4
Showcase your organizational and communication skills in any interactions you have with us. Whether it's during a phone call or an interview, clear and confident communication is key to making a great impression.
We think you need these skills to ace Reward Specialist
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Reward Specialist position. Understand the key responsibilities and required skills, especially in compensation analysis and benchmarking.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience with compensation analysis, market data application, and any relevant tools like Willis Tower Watson or McLagan. Provide specific examples of your achievements in these areas.
Showcase Your Skills: Demonstrate your exemplary organizational and communication skills in your application. Use clear and concise language to convey your ability to manage multiple tasks and communicate effectively with stakeholders.
Tailor Your Application: Customize your CV and cover letter to reflect the requirements of the Reward Specialist role. Mention your understanding of the financial services sector and how your background aligns with the company's needs.
How to prepare for a job interview at Pro-Recruitment Group
✨Showcase Your Analytical Skills
As a Reward Specialist, your ability to analyze and interpret market data is crucial. Be prepared to discuss specific examples of how you've successfully applied compensation analysis and benchmarking in previous roles.
✨Familiarize Yourself with Industry Standards
Make sure you understand the principles and practices of compensation analysis, especially within the Financial Services Sector. Research current trends and best practices to demonstrate your knowledge during the interview.
✨Highlight Your Communication Skills
Exemplary communication skills are essential for this role. Prepare to discuss how you've effectively communicated complex data and recommendations to stakeholders in the past.
✨Prepare for Behavioral Questions
Expect questions that assess your organizational skills and commercial judgment. Use the STAR method (Situation, Task, Action, Result) to structure your responses and provide clear, concise examples.
