Reward Analyst Job Description
Reward analyst
provides interpretation, education and counsel to Senior HR and business leaders regarding Reward policies, programs and practices.
Reward Analyst Duties & Responsibilities
To write an effective reward analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included reward analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Proficient with Microsoft Office products, in particular PowerPoint and Excel
Manage benefits policies and contracts including healthcare, retirement, disability and associated benefits programmes / processes for 18 jurisdictions across EMEA
Ensure effective delivery of benefits administration processes via Third Party Administrator including payroll files, tax data and vendor enrolment transactions
Prepare materials for retirement plan governance meetings in several countries
Manage benefit implications of employees transferring between GS locations and resolve sensitive and confidential exception requests and non-standard cases, including managing issues with vendors, involving and posting relevant stakeholders, communicating to employees
Advise business and liaise with internal stakeholders on benefits issues
Coordinate with EMEA offices on benefit administration and plan communication
Solicit feedback from key stakeholders EMEA office senior management / CE BP team to identify issues and potential improvements
Support VPs in all activities especially monthly processes and vendor management activities
Support Year End compensation activities
Reward Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Reward Analyst
List any licenses or certifications required by the position: TR, HR, BMS
Education for Reward Analyst
Typically a job would require a certain level of education.
Employers hiring for the reward analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Human Resources, Finance, Education, Economics, Graduate, Business/Administration, Accounting, Psychology, Statistics
Skills for Reward Analyst
Desired skills for reward analyst include:
Performance and reward methodologies
Practices across the market
Best practices and trends
Microsoft Excel
Philosophies
Variety of circumstances
Excel
HR policies and practices and continuous improvement
Human Resources functions
Job evaluation
Desired experience for reward analyst includes:
Provide support on other initiatives such as vendor optimization, HR Operational Excellence, intranet updates
Serve as peer review and back up for other team members
Financial services and/or investment banking industry experience is preferable
Experience in a captive centre is highly desirable
Capable of grasping new concepts quickly and utilising it in a productive manner
Ability to identify, analyse and develop improvements to processes and/or procedures
Reward Analyst Examples
1
Reward Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of reward analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for reward analyst
- Work with key HR Partners to understand the compensation needs within the different functions, ensuring the Group offering is competitive
- Assist in the global annual pay and bonus processes with relevant analysis
- Understand the benchmarking process and assist in ensuring consistency of benchmarking application
- Provide support to the Global Reward Manager and Head of Reward, and the wider HR team
- Manage all data modelling requirements and end to end administration of the annual salary review cycle in conjunction with the Global Reward Manager
- Carry out data research, analysis and presentation of benchmarking data in relation to salary, benefits and analysis of key competitors including benchmarking for new roles
- Work on specific ad hoc reward projects with key business/HR stakeholders and third party providers
- Support the annual bonus scheme process including the identification and communication of targets, calculation of individual bonus plan achievements and any bonus scheme enhancement requirements
- Document, maintain and work to improve benefits practice across the Group to ensure a clear message can be delivered on benefits practice and to enable a benefits strategy to be developed, delivered and implemented
- Provide salary benchmarking data in response to all requests from the local & HR Business Partners in line with the agreed service levels
Qualifications for reward analyst
- Experience and detailed knowledge in reward combined with knowledge of HR policy best practice
- Strong networking skills within the reward network including key reward providers – such as Towers Watson
- Generalist HR experience beyond compensation and benefits would be advantageous
- Experience of policy and management of international assignments
- Pro-active, customer focused and able to show initiative to constantly improve the reward offering to the business
- Experience working to tight deadlines with managing competing priorities
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Reward Analyst Job Description
Job Description Example
Our company is looking for a reward analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for reward analyst
- Ad-hoc project creation and management
- Support the Portugal Reward
- Providing day to day fixed and variable compensation analysis and support to HR Business Partners and Recruitment teams
- Compensation benchmarks (McLagan, Towers Watson…)
- Off cycles monitoring & reporting
- Manage deferred compensation matters including Buy-Outs
- Follow-up of the employee’s leaver status
- Management of the payment processes
- Involved in the projects impacting his/her perimeter
- Ensure proper documentation (products, process, tools…)
Qualifications for reward analyst
- Experience with pay review systems, Peoplesoft or Cognos would be desirable
- Produce and validate management information relating to HR metrics and KPIs –e.g
- At least 3 years of relevant experience in global benefits programs and operations, with exposure to supporting India and other countries, globally
- Must be open to work in early/ late shifts
- Understanding of the measurement and evaluation of HR activities
- Highly commercial and committed to value add HR
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Reward Analyst Job Description
Job Description Example
Our company is looking to fill the role of reward analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for reward analyst
- Present the findings of data analysis in a simple but effective format (graphs, excel, PowerPoint, word document)
- Advising on commercial considerations with the structure and design of employee share plans
- Considering the likely views of shareholders and discussing the impact of plans with them
- Linking plan design to the wider business objectives of the organisation
- Advising the tax implications of plans and bonuses for both the employer and the employee
- Structuring employee plans in the context of company sales, purchases, floatations and other transactions
- Supporting on drafting share plan and related documentation
- Liaising with our share valuation group to agree share values with HMRC
- Meeting with and advising clients
- Advising on international share plans
Qualifications for reward analyst
- Understanding of the Performance and Reward function with experience in HR environments
- Numerate, logical and able to present ideas clearly to those less numerate
- Highly collaborative, astute and able to understand the dynamics of a complex organisation and demonstrate desire to work to a common goal
- Demonstrate integrity, initiate and commitment to the business with a good dose of common sense
- Experience in project management, budgeting and prioritisation skills
- Become an internal subject matter expert on EU remuneration regulations
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Reward Analyst Job Description
Job Description Example
Our company is looking for a reward analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for reward analyst
- Developing and validating advanced excel spreadsheets, preparing statistical and summary analyses to capture compensation details for EMEA population
- To assist and support with the Annual Pay Review process and all other cyclical reward activity as appropriate for the retail population
- To monitor reward developments externally, helping to implement changes as required, National Minimum Wage, National Living Wage, other legislative changes
- To assist and support with salary range design, upkeep and communication
- To continually review and assist with communication of the reward offer for retail employees
- To ensure the organisation remains competitive in the external market by continually undertaking market analysis of the reward offer
- To participate in appropriate salary surveys, and to build a network of contacts from other companies within the retail industry
- To propose new reward initiatives as appropriate
- To carry out regular internal analysis of salary data and communicate with the brand HR teams as appropriate
- Manage analysis and interpretation of results for various Retail reward initiatives and projects
Qualifications for reward analyst
- Exposure to object orientated programming skills Java, C++ is a benefit
- Draft and update regulatory disclosures, policy statements and required remuneration reports
- Draft regulatory updates to various stakeholders within the firm
- Maintain the project plan of on-going remuneration compliance activities such as multi-tier review and approval of identified staff lists, remuneration policy statements, disclosures for covered entities and funds
- Analytical coursework and/or work experience (statistics, finance, human resources, ) would be advantageous
- Ability to work well in both individual and team setting
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Reward Analyst Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of reward analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for reward analyst
- Lead Analyst and support role in the planning, preparation and execution of Bonus Schemes and pay review
- Collate reports/papers in advance of meetings
- Liaise with external clients to arrange meetings either onsite and at an alternative location
- Book meeting rooms/venues
- Monitor and track supplier spending in relation to the Reward budgets
- Produce and edit Reward related presentations
- Produce and manage written correspondence, for senior executives and occasional bulk mailings, for share awards
- Manage Reward folders and archiving out of date material
- Support the Reward Specialist with Global Mobility activities and becoming the first point of contact for assignee related queries
- Track and report all Global Mobility related costs
Qualifications for reward analyst
- Annual Salary Review process and Annual Discretionary Bonus process
- Graduate with a degree in a relevant, ideally numerate, discipline
- Significant experience working in an in-house compensation role, within a large complex corporate environment– supporting annual cycles, pay review, bonus reviews, and ideally supporting these processes for geographies outside of India
- Good numerical understanding and dexterity
- Ability to analyse complex data and present in a suitable format to various stakeholders
- Ability to use initiative to complete tasks