Reward Senior Specialist - Benchmarking

BP; India; Hybrid; INR 600,000 - 1,000,000; Full time

Benefits offered by this job

Relocation assistance (within country)

Hybrid work model

Job summary

bp, based in Pune with a hybrid office/remote setup, seeks a Reward Senior Specialist - Benchmarking to support compensation and benefits market benchmarking studies and provide insights for talent acquisition and retention. You will gather and interpret market data to recommend competitive programs.

The role emphasizes developing salary ranges, maintaining benchmarking databases, and producing reports for stakeholders across regions in a flexible, globally connected environment.

Qualifications

• 2+ years in compensation, benefits, HR analytics, or related field with market benchmarking focus.
• Strong analytical skills and advanced Excel.
• Knowledge of survey design and data collection methods.

Responsibilities

• Collect and organize external market data on compensation, benefits, and total rewards.
• Conduct basic analysis to identify trends and benchmarks.
• Develop salary ranges for all countries as part of cyclical processes.
• Plan and execute benchmarking studies comparing bp with market data.
• Maintain benchmarking databases and tools for ongoing reporting.

Skills

Analytical thinking

Excel proficiency

English proficiency

Stakeholder engagement

Education

Bachelor's degree in HR/Business

Tools

Korn Ferry Hay

Mercer benchmarking tools

Mercer tools

Job description

Entity:

People, Culture & Communications

Job Family Group:

HR Group

Job Description:

We are a global energy business involved in every aspect of the energy system. We are working towards delivering light, heat and mobility to millions of people, every day. Our people want to play their part in solving the big, sophisticated challenges facing our world today and, guided by our bp values, are working to help meet the world's need for more energy while lowering carbon emissions. In our offices at Pune, we work in customer service, finance, accounting, procurement.

Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better - and how you can play your part in our outstanding team? Join our team, and develop your career in an encouraging, forward-thinking environment!

Role:

Reward Senior Specialist - Benchmarking will support compensation and benefits market benchmarking studies to evaluate the competitiveness of bp's compensation & benefits programs from a country, regional and global perspectives. Assist in gathering, analysing, and interpreting market data to provide insights and recommendations that support bp's talent acquisition, retention, and engagement strategies.

Key Accountabilities and Challanges:

• Assist in collecting and organizing external market data on compensation, benefits, and total rewards practices from various sources, including surveys, databases, and industry reports for both cyclical and project activities.
• Conduct basic analysis of benchmarking data to identify trends and benchmarks relevant to our organization.
• Support development of salary ranges for all countries as part of bp's cyclical processes
• Support planning and execution of benchmarking studies to compare our compensation and benefits practices against relevant market data and industry peers.
• Assist in maintaining benchmarking databases and tools to support ongoing analysis and reporting.
• Support preparation of reports, presentations, and dashboards summarizing benchmarking findings, trends, and recommendations.
• Maintain accurate documentation of benchmarking methodologies, data sources, and analysis procedures to ensure data integrity and transparency.
• Provide administrative and logistical support for benchmarking projects, such as scheduling meetings, coordinating data collection efforts, and tracking project milestones.

Qualification and Accountabilities:

• At least 2 years of experience in compensation, benefits, HR analytics, or a related field, with a focus on market benchmarking and data analysis.
• Strong analytical skills, with proficiency in Microsoft Excel, with familiarity with statistical analysis tools and techniques
• Knowledge of survey design and data collection methods.
• Experience with benchmarking surveys, databases, and tools, such as Korn Ferry Hay, Aon, Mercer, Willis Towers Watson or similar platforms.
• Detail-oriented with a commitment to accuracy and data integrity.
• Excellent organizational and time management skills.
• Ability to work independently and collaboratively in a fast-paced, dynamic environment.
• Strong communication and interpersonal skills, with the ability to work collaboratively in a team environment.
• Ability to adapt to changing priorities and deadlines in a fast-paced environment.
• Proficient in English
• Ability to manage diverse cultural settings.
• As this is a global role, must have flexibility in working across different time zones other than home country

Desirable Criteria:

Bachelor's degree in Human Resources, Business Administration, Finance, Economics, or analytical background

Travel Requirement

Negligible travel should be expected with this role

Relocation Assistance:

This role is eligible for relocation within country

Remote Type:

This position is a hybrid of office/remote working

Skills:

Agility core practices, Agility core practices, Analytical Thinking, Communication, Creativity and Innovation, Customer service delivery excellence, Customer Service Design, Data Management, Decision Making, Developing and implementing strategy, Discovered resource estimation and assurance, Employee and labour relations (Inactive), Extract, transform and load, Global Perspective, Information Security, Leading transformation, Management Reporting, Managing change, Managing strategic partnerships, Measurement and metrics, Organizational Knowledge, Performance and planning, Project and programme management, Stakeholder Engagement, Stakeholder Management {+ 2 more} .

Legal Disclaimer:

We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp's recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would