Senior Reward Analyst
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Job Summary
The Senior Reward Analyst supports theend-to-enddelivery ofrewardand compensationsprocesses andprovidesevidence-based compensation advice across Renishawglobally. Combining data analysis market research and processmanagement the role helps translate complex and sensitive reward information intosimple andpractical guidance for stakeholders.The role works with colleagues within HR as well asacrossdifferentfunctionsglobally includingmanagement.The role offers anopportunity to work across varied reward activities that combine analysis processdeliveryand stakeholder communication during aparticularlyexciting time for Renishaw.
Key responsibilities
Own and manage our compensation data cycles focusing on compensation survey participation analysingoutputs tracking markettrendsand translating insightsinto reliable benchmark pay ranges.
Leadthedelivery ofpay reviewsfromcostestimates and pay positionmodelling overallprocess planningand managementthrough manager education and delivery in Workday.
Lead the delivery of bonus reviews whenapplicable includingcostestimate modelling process planning stakeholder coordination managereducationand deliveryin Workday.
Lead the delivery ofabi-annual promotions and progression review includingcost estimatemodellingbudgeting projectplanning managereducationand deliveryin Workday.
Maintain the job architecture and support governance of role data andpaystructures.Additionally audit andmaintainpay ranges in Workday.
Complete job evaluation role matchinggradingand 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 risksgapsand required actions.
Produce ad hocreward reporting and analytics present clearinsightsand inputs forevidence-basedbusiness decisions.
Required qualificationsskillsand experience
Previousexperience in reward compensation analysis budgettrackingor HR analytics is essential.Experience of at least two reward process cycles in a support or lead roleis desirable.
Good knowledge and practical experience ofreward and compensation practices includingpay transparency pay equity as well aspay reviews compensation benchmarking jobmatchingevaluations(WTWmethodology) bonus calculations.
Advanced Excel skills and confidence analysing compensation data accuratelyis essential capability inPowerBIis desirable.
AdvancedMS Office(especiallyPowerPoint)skillsandthe ability to present complex informationeffectively andclearly to different audiences.
Ability toproject manageplanandexecuteprocesses with limitedguidance usingown judgement andpreviousexperienceto inform the process design.
Experience of using HRISis essential functional knowledge of the Workday compensation modules is desirable.
Confidence handling sensitive employeereward andcompensation topics with sound judgement and discretionis essential.
Benefits
When you join Renishaw were committing to your future career. Thats because we believe in developing our peoples skills and promoting them internally. We also offer a benefits package thats 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 dont 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 on0or
Please click here for further information about diversity and inclusion at Renishaw.
Employment Type:
PermanentTime Type:
Full timeRequisition Number:
R9973 Senior Reward Analyst (Open)Required Experience:
Senior IC
About Company
In metrology, motion control, machine calibration, dental CAD/CAM, additive manufacturing, spectroscopy and neurosurgery, Renishaw innovations enhance precision, efficiency and quality. Products include CMM touch-trigger probes, scanning probes, CMM retrofits, gauging, machine tool to ... View more
