Reward Analyst

Job Description

Rewards Analyst - Initial 9-month FTC - LondonPosition: Reward AnalystLocation: LondonContract: Initial 9-month FTC (potential to go permanent)Hours: Full timeSalary/Benefits: £235/day PAYE or £314/day UmbrellaRole Details - Reward AnalystWe are currently looking for a Reward Analyst to join a renowned organisation based in London on a 9-month FTC (potential to be made permanent).This role is responsible for sourcing and analysing reward and remuneration benchmarking information in order to support the design, delivery and implementation of the Reward & Recognition strategy.A critical part of the role is the management and manipulation of large data sets (normally in MS Excel) that enable various Reward processes and activities to be undertaken. Therefore, you will ideally have solid Excel skills (including expertise in complexformulas, v-lookups, pivot tables).Key responsibilities of the Reward Analyst

• Conduct remuneration benchmarking and provision of in-depth analysis of external market data, drawing comparisons with internal base pay and total remuneration, in order to establish the organisations market position at an organizational, functional ordiscipline level
• Benchmark, research and investigate through pay surveys and participation in external Reward forums, analysing and evaluating internal and external information to support the improvement of market benchmarking
• Support the development of pay structures through the analysis of external market data to recommend pay range values and structure design
• Provide clear, relevant analytical data to support the delivery of strategic pay audit reports and our pay gap reporting
• Design, develop, implement and maintain a reward dashboard that provides current, clear and concise information relating to all aspects of Reward
• Support the delivery of the annual Chief Officer and Director pay benchmarking exercise through the production of all aspects of internal remuneration for this employee group - Design individual remuneration packages and variable pay schemes as requiredby the Reward & Recognition Team, to ensure offers are market competitive whilst maintaining internal relativities
• Support the development of remuneration committee papers through the provision of internal and external pay information and research as required
• Support our benefits management processes e.g. for private medical benefit, discounts, Childcare Vouchers and cycle to work scheme liaising with external providers as required and including development and maintenance of or SharePoint based Reward Hub

Key skills required of the Reward Analyst

• Experience of benchmarking requests - Use of Willis Tower Watson would be desirable
• Hay gap reporting experience
• Experience of presenting complex analytics in a user friendly way
• Ability to gather data and provide effective insight and analysis to inform credible conclusions
• Able to use Excel level 3 for complex modelling, data management, advanced formulas, pivot tables
• Understands the approaches to benchmarking factors determining reward

Robert Walters Operations Limited is an employment business and employment agency and welcomes applications from all candidates