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Reward Analyst job description

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Job Summary

To provide specialist compensation support to the Managers within the Reward team

 

To support the development and implementation of an effective reward strategy which represents an appropriate return on investment and successfully attracts, retains and motivates the right people for the business

 

To assist on Reward team projects including policy development and new process implementation and to provide advice and guidance to the HR community as required.

Main responsibilities-Reward Analyst job description

Provide comprehensive support to key reward initiatives including salary review processes, market benchmarking, functional remuneration and incentive schemes and policy and processes.

 

Proactively keep up-to-date with related People/HR and business issues and initiatives that may impact on the reward strategy and ensure relevant information is shared within the immediate team as appropriate.

 

Ensure that high quality market analysis based on valid benchmark material regarding the total reward package is available to Senior Management as required on the overall market position of company pay.

Knowledge, Skills and Abilities-Reward Analyst job description

Prepare job evaluations using the appropriate job evaluation system (Hay/Towers Perrin) as required.

 

Develop an understanding of and provide advice on incentive compensation plans.

 

Manage the Staff Recognition scheme, including compiling reports for Senior Management.

 

Keep the Benefits pages of the staff intranet updated, liaising with external providers regularly.

 

Reward Analyst job description

 

 

Keep abreast of developments in the external compensation market amongst our competitors through reading, attendance at compensation Forums and participation in ad hoc surveys.

 

Build an effective network with key contacts inside and outside the company.

 

Manage the company People Feedback inbox, responding to all internal compensation and benefits queries.

 

Share knowledge and best practice with external network of contacts, where appropriate.

 

Deputise for the Reward Managers when required.

Qualifications / Experience-Essential

 

Strong analytical skills, with good experience of interpreting and producing high quality, accurate management information.

 

Excellent Microsoft Office skills including Excel at advanced level along with Word and Powerpoint at Intermediate level.

 

Excellent communication skills.

 

Able to demonstrate an understanding / or experience of, cost and benefit analysis.

 

Experience of operating with highly confidential and sensitive information with tact and diplomacy.

 

Ability to communicate technical information to non-technical users clearly and concisely.

 

Experience of reviewing, implementing and maintaining efficient systems and processes.

 

Reward Analyst job description

 

 

 

 

 

 

 

 

 

 

 

 

Able to demonstrate excellent attention to detail.

 

Effective planning and organisation skills and the ability to prioritise effectively when under pressure.

 

Experience of working to tight deadlines.

 

 

Ability to work autonomously and collaboratively within a team and build effective working relationships with internal and external clients.

 

Desirable   Reward Analyst job description

 

Experience of working within an HR or Finance background would be an advantage.

 

CIPD qualification, (or working towards).

 

Experience of preparing job evaluations using systems such as Hay/Towers Perrin would desirable.

 

Experience of using MS Office Access.

 

Experience of using SAP.

 

Reward Analyst job description

 

To ensure the market competitiveness of the UK reward package by acquiring a detailed knowledge of the marketplace

 

To develop a detailed understanding of best practice in reward by building networks in the UK media industry, other UK sectors and the international environment

 

 

Support the Reward Managers in all Pay Review/Bonus activity; providing data reports and managing the data input/production requirements.

 

Support the Reward Managers on the development and implementation of new systems e.g. flexible benefits system.

 

Complete annual salary surveys, liaising with the reward team, HR and the business to ensure timely completion and return.

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