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- Tasks: Join us as a Reward Analyst to revamp and harmonize compensation structures across multiple UK businesses.
- Company: Work with a large international company based in London, managing around 1500 employees.
- Benefits: Enjoy a hybrid work model, parking options, and potential for almost fully remote work.
- Why this job: Dive into an exciting project that allows you to build a reward structure from the ground up!
- Qualifications: Looking for analytical self-starters with experience in compensation analysis or similar projects.
- Other info: Immediate start with competitive pay of £250-£300/day for a project lasting 6-12 months.
The predicted salary is between 50000 - 60000 £ per year.
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Business area: Global Reward & Performance Team
Location: London, York or Colchester
An exciting opportunity to develop your reward experience in a broad global role working in a fast-paced environment. We are looking for someone who has 1-3 years’ experience in a broad Reward role and is looking to take the next step in their Reward career. The role will predominantly support the Reward Team on the regular Reward activities, but there will also be scope to contribute to global Reward projects.
Key Responsibilities:
- Manage technical reward queries from employees, managers and People Team colleagues
- Support the annual compensation review process and administration of the company’s share schemes
- Support in the design and roll-out of flexible benefits
- Complete transactional tasks and draft communication material relating to employee benefit and wellbeing plans
- Produce reporting and analysis on an ad-hoc and cyclical basis
- Enhance the team’s reputation as a centre of excellence and an authority on technical reward matters
Personal Qualities:
- Exceptional attention to detail and ability to check and spot errors in their own work as well as the ability to peer review the work of others
- Excellent organisational, prioritisation, analytical skills
- Ability to multitask and produce work with a sense of urgency, working to timescales
- Flexible, able to adapt to changing priorities and willing to assume responsibility for a wide range of tasks and issues
- Strong communicator able to work in a collaborative manner, quickly building relationships as required.
- Proficient Excel skills and desire to enhance analytical capabilities
Key Requirements:
- Broad Reward based experience
- Capability of, and interest in, data analysis and modelling (advanced Excel user)
- Well-developed time management skills and the ability to multi task and produce work with a sense of urgency
- Flexible, able to adapt to changing priorities and willing to assume responsibility for a wide range of tasks and issues
- Organised with a high attention to detail
About Hiscox
As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength – all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.
We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.
Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.
Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.
Diversity and Hybrid working
At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.
We have also learned over the past few years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance.
This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.
Apply now for further information
You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)
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Work with amazing people and be part of a unique culture
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Reward Analyst employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reward Analyst
✨Tip Number 1
Familiarize yourself with the company's current reward structures and compensation models. Understanding their existing frameworks will help you identify gaps and areas for improvement, which is crucial for the role.
✨Tip Number 2
Network with professionals in the HR and compensation field. Engaging with others who have experience in harmonizing reward structures can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your previous experiences with similar projects during the interview. Highlight specific examples where you've successfully implemented or evaluated compensation frameworks.
✨Tip Number 4
Stay updated on industry standards and trends in compensation and rewards. Being knowledgeable about current practices will demonstrate your expertise and commitment to the role.
We think you need these skills to ace Reward Analyst
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Reward Analyst position. Understand the key responsibilities and required skills, as this will help you tailor your application to highlight relevant experiences.
Highlight Relevant Experience: In your CV and cover letter, emphasize any previous experience you have in reward analysis or compensation management. Be specific about projects where you contributed to harmonizing pay structures or evaluating compensation frameworks.
Showcase Analytical Skills: Since the role requires strong analytical abilities, make sure to include examples of how you've used data analysis in past roles. Mention any tools or methodologies you are familiar with that relate to benchmarking and evaluation.
Tailor Your Cover Letter: Craft a personalized cover letter that addresses the specific needs of the company. Express your enthusiasm for the project and your readiness to take on the challenges of building a reward structure from the ground up.
How to prepare for a job interview at TN United Kingdom
✨Show Your Analytical Skills
As a Reward Analyst, your ability to analyze data is crucial. Be prepared to discuss specific examples of how you've evaluated compensation structures or incentive programs in the past. Highlight any tools or methodologies you used to conduct your analyses.
✨Demonstrate Project Management Experience
This role involves a significant project to harmonize reward structures. Share your experience with similar projects, focusing on your role, the challenges you faced, and how you overcame them. This will show that you're ready to roll up your sleeves and get started.
✨Understand Industry Standards
Familiarize yourself with current industry benchmarks for compensation and benefits. Be ready to discuss how you would approach benchmarking analysis and what factors you consider important when evaluating compensation frameworks.
✨Express Your Independence and Initiative
The company is looking for a self-starter who can work independently. Share examples of times when you took the initiative on a project or worked autonomously to achieve results. This will demonstrate that you can thrive in a standalone capacity.
