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- Tasks: Manage and improve compensation and benefits programs while analysing global pay.
- Company: Join PSI, a leading Contract Research Organisation with 25 years of industry experience.
- Benefits: Flexible part-time hours, competitive pay, and the chance to work on impactful projects.
- Other info: Opportunity to collaborate with diverse teams and enhance your professional skills.
- Why this job: Make a real difference in shaping fair compensation strategies in a dynamic environment.
- Qualifications: Experience with Workday and strong Excel skills are essential.
The predicted salary is between 30000 - 40000 £ per year.
Company Description PSI is a leading Contract Research Organization with more than 25 years in the industry, offering a balance between stability and innovation to both clients and employees. We focus on delivering quality and on‑time services across a variety of therapeutic indications.
We are looking for a part time freelance Senior Compensation Analyst to implement, manage and improve our compensation and benefits programs. The individual will oversee the day‑to‑day analysis, execution, and communication of global pay and benefits. This is a part time (20 hours per week) contracting role.
Responsibilities- Define a fair, equitable and competitive total compensation and benefits package that fits and is aligned with the company’s strategy, business goals and talent needs.
- Develop a consistent compensation philosophy in line with the work culture and organizational objectives.
- Utilize various methods and techniques to make data‑based decisions on direct, indirect financial and nonfinancial compensation plans.
- Support the Training & Resourcing team with recruitment and talent management activities.
- Support the Finance team with budgets, year‑end bonus incentive payment process and financial analysis of all compensation and benefit plans.
- Support the Legal team to ensure compliance of compensation and benefit programs with applicable laws and regulations.
- Participate in salary and labor market surveys to determine prevailing pay rates and benefits.
- Conduct ongoing research and report on emerging trends, issues and best practices.
- Assess competitors’ compensation and benefits plans and make recommendations for enhancements to existing plans.
- Provide subject‑matter expertise and internal support to key stakeholders including department heads, local country management, legal, finance and training & resourcing teams on a variety of compensation and benefit issues.
- Experience working with Workday Core and Advanced Compensation modules, including configuration, data management and annual cycle support.
- Strong proficiency in Excel, including advanced data analysis for compensation insights and reporting.
- Solid knowledge of compensation data submission processes, including annual submissions and spot surveys.
- Practical experience with Mercer and BDO compensation surveys, including data preparation, validation and submission.
- Proven capability in job matching and benchmarking, leveraging job libraries and market data from multiple vendors.
- Familiarity with different benchmarking methodologies to ensure market competitiveness and internal alignment.
- Strong analytical mindset with attention to detail.
- Ability to work with large datasets and translate insights into actionable outcomes.
- Structured and process‑oriented approach to compensation operations.
- Effective collaboration with HR, Reward and business stakeholders.
- Preferred experience in tech or pharma high‑growth environment working with compensation and reward programs in a global, large‑scale corporate environment.
- Educated to degree level or equivalent, ideally with a post‑graduate qualification in a related discipline.
- Certified Compensation Professional certification is an asset.
Senior Compensation Analyst (Part Time Contractor) employer: PSI CRO
Contact Detail:
PSI CRO Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compensation Analyst (Part Time Contractor)
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in compensation or HR. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Show off your skills! Prepare a portfolio or a presentation that highlights your experience with compensation analysis and data management. This will help you stand out during interviews and showcase your expertise.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers, especially around your analytical mindset and experience with tools like Workday and Excel. The more comfortable you are, the better you'll perform.
✨Tip Number 4
Don't forget to apply through our website! We love seeing candidates who take the initiative. Plus, it gives you a chance to tailor your application directly to what we’re looking for in a Senior Compensation Analyst.
We think you need these skills to ace Senior Compensation Analyst (Part Time Contractor)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Compensation Analyst role. Highlight your experience with compensation programs, data analysis, and any relevant tools like Workday. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this part-time role. Share specific examples of your past work that relate to the responsibilities listed in the job description.
Show Off Your Analytical Skills: Since this role requires strong analytical skills, make sure to mention any relevant projects or experiences where you've used data to drive decisions. We love seeing how you can turn numbers into insights!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at PSI!
How to prepare for a job interview at PSI CRO
✨Know Your Numbers
As a Senior Compensation Analyst, you'll be expected to handle data like a pro. Brush up on your Excel skills and be ready to discuss how you've used data analysis in past roles. Prepare examples of how you've made data-driven decisions regarding compensation packages.
✨Understand the Company Culture
PSI values a balance between stability and innovation. Research their work culture and think about how your experience aligns with their goals. Be prepared to discuss how you can contribute to their compensation philosophy and support their business objectives.
✨Showcase Your Compliance Knowledge
Since compliance is key in compensation and benefits, make sure you’re familiar with relevant laws and regulations. Be ready to talk about your experience ensuring compliance in previous roles and how you would approach this at PSI.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills. Think of scenarios where you had to analyse compensation data or recommend changes to benefit plans. Practise articulating your thought process and the outcomes of your decisions.