Reward Analyst
KEY RESPONSIBILITIES
Benchmarking and role grading
- Lead pay benchmarking, matching roles to salary surveys and other market data.
- Complete the annual salary survey submissions, making sure roles are matched correctly and data goes in on time.
- Use market data to review how competitive our pay is and recommend salary ranges.
- Analyse internal pay relativities across grades, roles and teams, highlighting inconsistencies and recommending how to address them.
- Evaluate and grade roles using a recognised job evaluation method, applying it consistently across the business.
- Support job evaluation and grading, and keep clear records of grading decisions.
- Analyse pay positions as part of mergers and acquisitions, including due diligence, mapping acquired roles to our grading structure and pay harmonisation proposals.
- Present benchmarking and grading recommendations to managers and senior leaders.
- Model outturns on Long-Term-Incentive Plans and build Total Reward Statements.
- Support the annual pay review and bonus processes, including modelling, budget tracking and data checks.
- Analyse pay data, including gender pay gap reporting and equal pay audits.
- Advise HR colleagues and managers on salary reviews, promotions and pay queries.
- Keep reward data accurate and up to date, and contribute to reward projects and policy reviews.
HR Business Partners, Finance, Payroll, line managers and senior leaders, and external salary survey and benefit providers.
SKILLS AND EXPERIENCE
Essential
- Significant experience in a reward analyst role.
- Strong hands-on experience of role grading and job evaluation.
- Experience of benchmarking with salary surveys and turning market data into pay recommendations.
- Experience of managing Long-Term-Incentive Plans and reporting and building Total Reward Statements.
- Advanced Excel skills (lookups, pivot tables, modelling) and experience working with large datasets.
- Good attention to detail and the ability to explain pay data clearly to people outside HR.
- Experience of HR systems and reporting tools such as Power BI.
- Experience of reward work on mergers or acquisitions.
- Working knowledge of UK pay legislation.
