Senior Reward Analyst

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Job Description

The Senior Reward Analyst supports the   end-to-end   delivery of   r eward   and compensations   processes and   provides   evidence-based compensation advice across Renishaw   globally . Combining data analysis, market research and process   management , the role helps translate complex and sensitive reward information into   simple and   practical guidance for stakeholders.   The role works with colleagues within HR a s well as   across   different   functions   globally , including   management .   T he role offers an   opportunity to work across varied reward activities that combine analysis, process   delivery   and stakeholder communication , during a   particularly   exciting time for Renishaw.

Key responsibilities

- Own and manage our compensation data cycles, focusing on compensation survey participation, analys ing   outputs , tracking market   trends   and translat ing insights   into reliable benchmark pay ranges .

- Lead   the   delivery of   pay review s   from   cost   estimate s and pay position   modelling , overall   process planning   and management   through manager education and delivery in Workday.

- Lead the delivery of bonus review s whe n   applicable , including   cost   estimate modelling, process planning, stakeholder coordination, manager   education   and delivery   in Workday .

- Lead the delivery of   a   bi-annual promotions and progression review, including   cost estimate   modelling,   budgeting, project   planning, manager   education   and delivery   in Workday .

- Maintain the job architecture and support governance of role data and   pay   structures.   Additionally, audit and   maintain   pay ranges in Workday.

- Complete job evaluation, role matching,   grading   and benchmarking activities .

- Perform pay positioning and internal equity analysis, providing input to fair and consistent reward decisions.

- Perform budget control and analysis, monitoring actual spend against approved budget and highlighting risks,   gaps   and required actions.

- Produce ad hoc   reward reporting and analytics , present clear   insights   and inputs for   evidence-based   business decisions .

Required qualifications,   skills   and experience

- Previous   experience in reward, compensation analysis, budget   tracking   or HR analytics is essential.   E xperience of at least two reward process cycles in a support or lead role   is desirable .

- Good knowledge and p ractical experience of   reward and compensation practices, including   pay transparency, pay equity as well as   pay reviews, compensation benchmarking , job   matching,   evaluations   (WTW   methodology ) , bonus calculations.

- Advanced Excel skills and confidence analysing compensation data accurately   is essential, capability in   PowerBI   is desirable .

- Advanced   MS Office   (especially   PowerPoint )   skills   and   the ability to present complex information   effectively and   clearly to different audiences .

- Ability to   project manage,   plan   and   execute   processes with limited   guidance , using   own judgement and   previous   experience   to inform the process design .

- Experience of using HRIS   is essential, functional knowledge of the Workday compensation modules is desirable.

- Confidence handling sensitive employee   reward and   compensation topics with sound judgement and discretion   is essential.

Benefits

When you join Renishaw, we're committing to your future career. That's because we believe in developing our people's skills and promoting them internally. We also offer a benefits package that's highly desirable; including a 9% non-contributory pension, discretionary annual bonus, *subsidised onsite restaurants and *coffee shops, free parking, *car sharing scheme and *24 hour fitness centres. ( not available at all sites).

We also want to promote a healthy work-life balance as much as possible, so we have introduced a hybrid working policy which allows for a combination of home and office based working depending on the nature of your role. We also offer a variable working programme, 25 days holiday plus bank holidays, Life Assurance policy of 12 times annual salary, Cycle to Work scheme, enhanced maternity pay subject to qualifying criteria, Health Cash Plan, the option to join Renishaw Health Trust (Aviva) and an Employee Assistance Programme for employees and family.

Please click here for further information about our benefits.

At Renishaw we believe that our success is powered by welcoming a workforce of diverse and talented people. Through encouraging an inclusive culture, where all our employees are free to be themselves, we can achieve our core values: Innovation, Inspiration, Integrity, and Involvement.

If you are excited about the role but feel as though you don’t meet all the requirements, we would encourage you still to apply. You might just be the right person for this role or another opportunity at Renishaw.

We are committed to providing reasonable adjustments to make interviews and jobs more accessible. Should you have any difficulty during the recruitment process, or require any reasonable adjustments please contact the recruitment team on 01453 490384 or [email protected].

Please click here for further information about diversity and inclusion at Renishaw.

Employment Type:
Permanent

Time Type:
Full time

Requisition Number:
R9973 Senior Reward Analyst (Open)