Reward Analyst

Portfolio HR & Reward; Manchester; On-site; GBP 40,000 - 55,000; Full time

Job summary

A leading HR consultancy in Manchester is seeking a Reward Specialist to support the annual compensation review, conduct salary benchmarking, and manage benefits offerings. The ideal candidate will have a strong background in data analysis, exceptional communication skills, and a thorough understanding of market trends in compensation and benefits. This role provides an opportunity to work collaboratively with Finance and HR teams while maintaining compliance with regulatory requirements.

Qualifications

• Proven experience in compensation analysis and reward management.
• Ability to collaborate with finance and HR teams effectively.
• Knowledge of current reward market trends and legislative requirements.

Responsibilities

• Support the annual compensation review process.
• Conduct salary benchmarking using market data.
• Assist with management of benefits offerings.
• Prepare reporting on pay equity and gender pay gap.
• Collaborate with Finance to align reward activity.

Skills

Data analysis

Salary benchmarking

Market research

Compensation review process

Communication skills

Job description

Overview

Portfolio HR & Reward and delighted to partnering with our client to fill this interesting Reward role. You will act as a trusted advisor to the business for relevant area of expertise. Driving and supporting on projects within the team and wider HR team. You will develop and maintain professional relationships at all levels, both internally and externally.

Responsibilities

• Support the annual compensation review process across the Global Business, including data cleansing, salary benchmarking, modelling, and analysis.
• Conduct salary benchmarking using market data (e.g. WTW, or bespoke salary surveys).
• Assist with the management and analysis of the firm\'s benefits offerings, including flexible benefits, private medical, pensions, and wellbeing initiatives.
• Maintain job architecture, salary bands, and role benchmarking data to support internal equity and market alignment.
• Prepare regular reporting on pay equity, gender pay gap, and other regulatory disclosures as required
• Collaborate with Finance and global HR teams to align reward activity with budgets and business plans.
• Provide insight and analysis to support recognition, retention, and total reward strategies for the firm.
• Ensure documentation and processes meet audit, compliance, and confidentiality requirements.
• Assist with participation in global salary surveys, the annual benefit renewals, including the preparation of proposals, renewal communications, workflows, and benefit information documents
• Maintain an awareness of market information on current and future reward related developments including those arising as a result of legislative changes and requirements
• Support with ongoing budget management for the HR department specifically in relation to reward including reward invoicing and reconciliation of membership listings
• Develop and maintain professional relationships with the company benefit consultants and account managers.
• Initial analysis of Reward and Benefit data to identify key insights and trends, and help to contextualise this
• Work closely with the HR Data & Systems team and wider HR team to execute the firm\'s reward strategy