At a Glance
- Tasks: Manage compensation data cycles and deliver insightful analysis for global stakeholders.
- Company: Join Renishaw, a leader in innovation with a diverse and inclusive culture.
- Benefits: Enjoy a competitive salary, hybrid working, and a range of health and wellness perks.
- Other info: Great career growth opportunities in a dynamic and supportive environment.
- Why this job: Make a real impact on employee rewards while developing your analytical and project management skills.
- Qualifications: Experience in reward analysis and advanced Excel skills are essential.
The predicted salary is between 49500 - 60500 £ per year.
The Senior Reward Analyst supports the end-to-end delivery of reward and compensation processes and provides evidence-based compensation advice across Renishaw globally. Combining data analysis, market research and process management, the role helps translate complex and sensitive reward information into simple and practical guidance for stakeholders. The role works with colleagues within HR as well as across different functions globally, including management. The role offers an opportunity to work across varied reward activities that combine analysis, process delivery and stakeholder communication, during a particularly exciting time for Renishaw.
Key responsibilities
- Own and manage our compensation data cycles, focusing on compensation survey participation, analysing outputs, tracking market trends and translating insights into reliable benchmark pay ranges.
- Lead the delivery of pay reviews from cost estimates and pay position modelling, overall process planning and management through manager education and delivery in Workday.
- Lead the delivery of bonus reviews when applicable, including cost estimate modelling, process planning, stakeholder coordination, manager education and delivery in Workday.
- Lead the delivery of a bi-annual promotions and progression review, including cost estimate modelling, budgeting, project planning, manager education and delivery in Workday.
- Maintain the job architecture and support governance of role data and pay structures. Additionally, audit and maintain pay ranges in Workday.
- Complete job evaluation, role matching, grading and benchmarking activities.
- Perform pay positioning and internal equity analysis, providing input to fair and consistent reward decisions.
- Perform budget control and analysis, monitoring actual spend against approved budget and highlighting risks, gaps and required actions.
- Produce ad hoc reward reporting and analytics, present clear insights and inputs for evidence-based business decisions.
Required qualifications, skills and experience
- Previous experience in reward, compensation analysis, budget tracking or HR analytics is essential.
- Experience of at least two reward process cycles in a support or lead role is desirable.
- Good knowledge and practical experience of reward and compensation practices, including pay transparency, pay equity as well as pay reviews, compensation benchmarking, job matching, evaluations (WTW methodology), bonus calculations.
- Advanced Excel skills and confidence analysing compensation data accurately is essential, capability in PowerBI is desirable.
- Advanced MS Office (especially PowerPoint) skills and the ability to present complex information effectively and clearly to different audiences.
- Ability to project manage, plan and execute processes with limited guidance, using own judgement and previous experience to inform the process design.
- Experience of using HRIS is essential, functional knowledge of the Workday compensation modules is desirable.
- Confidence handling sensitive employee reward and compensation topics with sound judgement and discretion is essential.
Benefits
- 9% non-contributory pension
- Discretionary annual bonus
- Subsidised onsite restaurants and coffee shops
- Free parking
- Car sharing scheme
- 24 hour fitness centres (not available at all sites)
- Hybrid working policy allowing for a combination of home and office based working
- Variable working programme
- 25 days holiday plus bank holidays
- Life Assurance policy of 12 times annual salary
- Cycle to Work scheme
- Enhanced maternity pay subject to qualifying criteria
- Health Cash Plan
- Option to join Renishaw Health Trust (Aviva)
- Employee Assistance Programme for employees and family
At Renishaw we believe that our success is powered by welcoming a workforce of diverse and talented people. Through encouraging an inclusive culture, where all our employees are free to be themselves, we can achieve our core values: Innovation, Inspiration, Integrity, and Involvement. We are committed to providing reasonable adjustments to make interviews and jobs more accessible. Should you have any difficulty during the recruitment process, or require any reasonable adjustments please contact the recruitment team.
Senior Reward Analyst employer: Renishaw
Renishaw is an exceptional employer located in Wotton-under-Edge, Gloucestershire, offering a supportive work culture that prioritises employee development and well-being. With a strong commitment to internal promotions, a comprehensive benefits package including a 9% pension contribution, and a hybrid working model, we ensure our employees enjoy a fulfilling work-life balance while contributing to cutting-edge product security initiatives. Join us to be part of a collaborative team that values innovation and continuous learning in the field of cybersecurity.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Reward Analyst
✨Join HR Networks
Get involved in HR-specific communities, like the Chartered Institute of Personnel and Development (CIPD) and local HR meetups. This is a fantastic way to connect with industry professionals and learn about job openings before they even hit job boards!
✨Make Your Presence Known
Attend HR conferences and workshops in your area to network with potential employers. Don't be shy—introduce yourself, exchange business cards, and let them know you're keen on a full-time role in HR. Who knows, you might just land a friendly face at Renishaw!
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Create content around HR topics you’re passionate about, like employee engagement or diversity initiatives. Share articles or insights on LinkedIn to demonstrate your knowledge and get noticed by recruiters. It’s a subtle yet effective way to show you’re the right fit for a full-time role at Renishaw.
We think you need these skills to ace Senior Reward Analyst
Some tips for your application 🫡
Show Off Your HR Skills:When you’re crafting your CV, make sure you highlight specific HR skills that are relevant to the role at Renishaw. Include any experience with recruitment processes, employee relations, or performance management, and don’t forget to mention your familiarity with HR software or tools that could give you an edge.
Tailor Your Cover Letter:Your cover letter is your chance to shine, so tailor it to Renishaw and the specific HR role. Highlight your passion for people management and how your unique approach can help foster a positive workplace culture. Be sure to sprinkle in examples from your past experiences that illustrate your problem-solving abilities and interpersonal skills.
Include Relevant Certifications:If you’ve got any HR certifications or relevant training under your belt, be sure to showcase them! These qualifications can really set you apart from other candidates when applying for this full-time HR position at Renishaw. List them prominently on your CV to catch the hiring manager's eye.
Align with Company Culture:Make sure your application speaks to Renishaw's values and culture. Research the company and align your experiences or values with what they stand for. This will show them that you're not only a fit for the role but also for the overall vibe of the team and organisation.
How to prepare for a job interview at Renishaw
✨Brush Up on HR Best Practices
As you're diving into human resources, it’s crucial to be well-versed in the latest HR practices and legislation. Get familiar with key topics like employee engagement, talent acquisition, and diversity initiatives, as these could easily pop up in your interview with Renishaw.
✨Know Your Recruitment Tools
Most HR roles involve using various recruitment tools and ATS (Applicant Tracking Systems). Make sure you can comfortably discuss platforms like Workday or Greenhouse. If you've had direct experience, share those examples; if not, show your eagerness to learn!
✨Highlight Your People Skills
A full-time HR role at Renishaw will require strong interpersonal skills. Prepare to share stories that demonstrate how you’ve successfully navigated conflicts or supported team members in past experiences. Authenticity goes a long way in this field.
✨Stay Current with HR Trends
Being up to speed with current HR trends, like remote working protocols or mental health initiatives, can set you apart. Be ready to discuss how these trends could impact Renishaw and how you would contribute to adapting HR strategies.
