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- Tasks: Support employees with compensation queries and manage benefits data.
- Company: Join a prestigious global financial services firm known for its innovative approach.
- Benefits: Enjoy competitive pay, professional development, and a vibrant workplace culture.
- Why this job: Be part of a dynamic team that shapes employee rewards and makes a real impact.
- Qualifications: Ideal for those with HR or benefits experience and strong analytical skills.
- Other info: Work in the City with a hybrid model, 3 days in the office.
The predicted salary is between 36000 - 60000 £ per year.
Our client, a prestigious global financial services firm, is looking for a bright and passionate Compensation & Benefits Analyst to join their team.
About the Department & Team:
The Reward team is responsible for creating, managing and implementing compensation policies and programmes, and managing employee benefits across the firm's International populations (primarily UK, Europe and UAE).
Key Responsibilities:
- Provide first-line support for compensation and benefits inquiries from employees, ensuring clear and effective communication.
- Maintain high standards of data integrity within HR systems, ensuring robust data quality for job libraries and compensation structures.
- Collaborate closely with HR Business Partners, Operations, Payroll, and the Reward Team to ensure cohesive management of compensation and benefits initiatives.
- Provide analytical and reporting support for various HR and Reward projects.
Compensation:
- Administer and maintain employee compensation packages, promotions, and ad-hoc pay increases, adhering to established processes and frameworks.
- Conduct market analysis and compensation benchmarking to ensure competitive and equitable compensation packages.
- Support with the annual pay review process, managing merit increases, promotions, and incentive schemes.
Benefits:
- Manage the data and administrative tasks associated with ongoing benefits management and renewals (e.g., risk benefits, health, and pension) across EMEA, including new joiner and leaver processes and communication with benefit providers.
- Develop engaging employee communications to promote our benefits offerings and reinforce the firm as an employer of choice.
- Process invoices related to employee benefits, ensuring reconciliation with departmental budgets.
- Liaise with brokers and benefits providers across EMEA to ensure effective management of employee benefits.
Skills and Experience:
- Experience in HR, Compensation, or Benefits administration, preferably within a complex organisational structure.
- Strong analytical, numerical, and problem-solving skills with a focus on data management and reporting.
- Exceptional attention to detail and organisational skills, with the ability to manage multiple priorities effectively.
- Advanced proficiency in Microsoft Excel, including experience with pivot tables, VLOOKUPs, and data manipulation; familiarity with Power BI and Power Query would be beneficial.
- Excellent communication skills, with the ability to convey complex information clearly and persuasively at all management levels.
- Experience with employee communications and innovative ways to promote benefits is highly desirable.
- Knowledge of European languages a plus.
This role is based in the City and requires 3 days per week in the office.
Compensation Benefits Analyst employer: TDA HR
Contact Detail:
TDA HR Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compensation Benefits Analyst
✨Tip Number 1
Familiarise yourself with the latest trends in compensation and benefits within the financial services sector. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role and the industry.
✨Tip Number 2
Network with professionals in HR and compensation roles, especially those who work in similar organisations. Engaging with them can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 3
Brush up on your analytical skills, particularly in Microsoft Excel. Being able to showcase your proficiency with pivot tables and VLOOKUPs during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss how you would handle employee inquiries regarding compensation and benefits. Having a few scenarios ready can show your problem-solving skills and your ability to communicate effectively with employees.
We think you need these skills to ace Compensation Benefits Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in HR, Compensation, or Benefits administration. Use specific examples that demonstrate your analytical skills and attention to detail, as these are crucial for the role.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Mention how your skills align with the key responsibilities outlined in the job description, particularly your experience with data management and employee communications.
Highlight Technical Skills: Emphasise your proficiency in Microsoft Excel and any experience with Power BI or Power Query. Provide examples of how you've used these tools in previous roles to manage data or support HR projects.
Showcase Communication Skills: Since excellent communication is vital for this position, include examples of how you've effectively conveyed complex information in past roles. This could be through presentations, reports, or employee communications.
How to prepare for a job interview at TDA HR
✨Showcase Your Analytical Skills
As a Compensation & Benefits Analyst, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've used data analysis in previous roles, particularly with tools like Excel. Highlight any experience you have with market analysis or compensation benchmarking.
✨Communicate Clearly and Effectively
This role requires excellent communication skills. During the interview, practice conveying complex information in a clear and concise manner. You might be asked to explain how you would handle employee inquiries about compensation and benefits, so think through your responses ahead of time.
✨Demonstrate Attention to Detail
Attention to detail is key in this position. Prepare to discuss how you ensure data integrity and accuracy in your work. You could mention specific processes you follow to maintain high standards in HR systems or how you manage multiple priorities without compromising quality.
✨Familiarise Yourself with Employee Benefits
Understanding the various employee benefits and how they can be communicated effectively is important. Research common benefits offered in the industry and think about innovative ways to promote these offerings. Be ready to share your ideas on how to engage employees with their benefits.
