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For Companies At a Glance
- Tasks: Lead annual pay reviews and bonuses while supporting new reward initiatives.
- Company: Travelex is a leading foreign exchange specialist with a global presence.
- Benefits: Enjoy a hybrid work model, diverse culture, and opportunities for innovation.
- Why this job: Join a dynamic team focused on making travel hassle-free and customer-centric.
- Qualifications: Experience in compensation and benefits, strong analytical skills, and advanced Excel proficiency required.
- Other info: Work in a collaborative environment with a commitment to diversity and inclusion.
The predicted salary is between 43200 - 72000 £ per year.
Contract Type: Permanent, Full Time, Hybrid (3 days in office)
Location: London or Peterborough
Reward Team
The Reward Team provides subject matter expertise on compensation, benefits, and recognition programs globally. It provides insights and recommendations through internal and external market reviews and analysis to ensure that data supports. The team also provides operational support on group Reward programs such as group bonuses and annual salary reviews.
The role is key in supporting all annual Reward processes, including annual salary reviews, benefits renewals (UK), and maintaining the Job Architecture. It will also support the Head of Reward on projects such as incentive design and new initiatives.
Key accountabilities
- Lead the annual Reward processes such as pay review and bonuses.
- Support the Reward Analyst in maintaining the Job Levels (Aon Radford Methodology) and complete the annual salary survey. Support on Benchmarking governance.
- Review salary ranges and ensure they are up to date and capture market shifts.
- Support the Head of Reward on development and research of new initiatives.
- Lead on the implementation of new reward initiatives.
- Prepare adhoc presentations and proposals.
- Manage relationships with third party benefit providers and resolve escalated benefits and pensions queries (2nd Stage).
Experience and personal qualities
The role requires experience across all areas of compensation and benefits, with knowledge of pay structures, bonus/incentive design, job analysis/evaluation, and benchmarking. With strong analytical skills, you will be a team player who enjoys working collaboratively and is able to engage and build relationships with HR and wider business stakeholders.
Advanced Excel and numeric skills.
Able to translate complicated Reward topics/jargon into wording that is easy to understand.
Comfortably working with large datasets that delicately interconnect, whilst ensuring data integrity when moving between HRIS (Workday) and Excel (and vice versa).
Workday or larger HCM, such as SAP or Oracle, experience preferred.
Capable of working independently and as part of a wider team.
Why Travelex?
To remain the world’s leading foreign exchange specialist, we are focused on making our customers’ lives simpler, more engaging, and hassle-free while they travel or move money abroad.
We promise to give them the freedom and peace of mind to explore the world, their way – enabling them to travel confidently because they know they have us to lean on. Customer centricity and digital are at the heart of our business strategy.
Our commitment to innovation has never been greater, with the development of a number of digital-first, greenfield products and services. And with Travelex’s resources, deep industry experience, and leading brand, we are reinventing the future of FX, cross-border e-commerce, and international payments.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
We look forward to receiving your application and the opportunity to discuss how your skills and experience align with this exciting role.
About Us
Founded in 1976, Travelex has grown to become one of the market leading specialist providers of foreign exchange products, solutions, and services, operating across the entire value chain of the foreign exchange industry in more than 20 countries. We have developed a growing network of over 900 ATMs and more than 1,100 stores in some of the world’s top international airports and in major transport hubs, premium shopping malls, high street locations, supermarkets, and city centres.
Travelex has built a growing online and mobile foreign exchange platform, and we also process and deliver foreign currency orders for major banks, travel agencies, and hotels worldwide. In addition, we source and distribute large quantities of foreign currency banknotes for customers on a wholesale basis – including for central banks and international financial institutions. We also offer a range of remittance and international money transfer products around the world.
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Global Reward Partner employer: Travelex Deutschland Gmbh
Contact Detail:
Travelex Deutschland Gmbh Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Global Reward Partner
✨Tip Number 1
Familiarize yourself with the Aon Radford Methodology, as this is crucial for maintaining job levels and completing salary surveys. Understanding this framework will help you demonstrate your expertise during discussions.
✨Tip Number 2
Brush up on your advanced Excel skills, especially in handling large datasets. Being able to manipulate and analyze data efficiently will set you apart and show that you're ready for the analytical demands of the role.
✨Tip Number 3
Network with professionals in the compensation and benefits field. Engaging with others in the industry can provide insights into current trends and practices, which will be beneficial when discussing benchmarking and market shifts.
✨Tip Number 4
Prepare to discuss your experience with HRIS systems like Workday, SAP, or Oracle. Highlighting your familiarity with these platforms will demonstrate your capability to manage data integrity and support reward processes effectively.
We think you need these skills to ace Global Reward Partner
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Global Reward Partner position. Highlight key responsibilities and required skills, such as experience in compensation and benefits, analytical skills, and familiarity with HRIS systems like Workday.
Tailor Your CV: Customize your CV to reflect your relevant experience in compensation, benefits, and reward processes. Use specific examples that demonstrate your analytical skills and ability to manage relationships with stakeholders.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the key accountabilities of the role. Emphasize your experience with annual salary reviews, benchmarking, and your ability to translate complex topics into understandable language.
Highlight Technical Skills: Ensure you mention your advanced Excel skills and any experience with large datasets. If you have worked with HRIS systems like Workday, SAP, or Oracle, make sure to include this information prominently.
How to prepare for a job interview at Travelex Deutschland Gmbh
✨Understand the Reward Landscape
Make sure you have a solid grasp of compensation and benefits trends, especially in the foreign exchange industry. Familiarize yourself with current market shifts and how they impact salary ranges and bonus structures.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with data analysis, particularly with large datasets. Be ready to explain how you've maintained data integrity while working with HRIS systems like Workday or other HCM platforms.
✨Communicate Clearly
Since the role involves translating complex reward topics into understandable language, practice explaining intricate concepts in simple terms. This will demonstrate your ability to engage with various stakeholders effectively.
✨Highlight Collaborative Experience
Emphasize your ability to work both independently and as part of a team. Share examples of how you've successfully collaborated with HR and other business units to implement reward initiatives or resolve issues.
