Reward Analyst

Join us as a “Reward Analyst”, where you will provide specialist advice and reports pertaining to a variety of Compensation and allowance related topics, and support in other local and Global Reward & HR projects.

As a member of the CX Reward – Compensation delivery team, the role holder will provide support in the development and delivery of modelling outputs, reporting and analytics in relation to employee compensation. The role holder will ensure execution is to the highest standards and compliant with the established Reward operating and governance model.

To be successful as a “Reward Analyst”, you should have experience with:

• 
  Proficiency in data modelling, benchmarking and statistical analysis, dashboarding or data visualisation for a medium to large blue-chip organisation.

• Preferred prior experience in analysing data, pay structures and compensation/financial trends and metrics, and market surveys.

• Advanced Excel Skills, Exposure to VBA, Power BI, tableau etc. with the ability to analyse data into tangible and quality summary/recommendation.

• Possess an understanding of issues and challenges within Human Resources function, internally.

• Understanding of local employment/labour/tax laws and Statutory compliances is an added advantage.

• Experience with HRIS systems (Workday, SAP, Success Factors, Oracle etc.)

• Familiarity with compensation or financial management software/(s) and analytics tools

• Excellent numerical ability, verbal reasoning, and analytical skills with eye for detail.

• Strong verbal and written communication skills.

• Ability to explain complex data in simple terms to the customers, Collaborate with HR, Finance and Business leaders.

Additional Skills:

• Practical generalist experience gained in an HR, analytics or Finance function advising Leads, managers on a day-to-day basis on complex issues in a commercial and pragmatic way

• Experience working in global and complex organisations, preferably in financial services

• Experience of working with and analysing complex data to present accurate, concise reports.

• Ability to work in a changing environment, and demanding timelines.

• Experience of interpreting and implementing HR Policy

Basic/ Essential Qualifications:

• Master’s degree in business administration with specialisation in HR, Finance, Analytics, Statistics, Economics or related field.

You may be assessed on key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.

This role will be based out of Noida, and work pattern will be general shift. You are expected to work 3 days in a week from office.

Purpose of the role

To develop, implement and maintain compensation programmes and provide advice to resolve any related issues.

Accountabilities

• Development (including design and related analysis), implementation and delivery of compensation programmes aligned to the organisation’s strategy and applicable regulations, including the provision of advice throughout the employee lifecycle and during the annual pay review, advising on related services and the resolution of reward and compensation issues from employees, people leaders, or regulators.
• Communication and engagement to educate employees and people leaders on the compensation offering and structure including in relation to salary, bonus, and allowances recognition schemes.
• Review the competitiveness and relevance of the compensation programmes including salary, bonuses and allowances, as appropriate.
• Administration and delivery of compensation services, including the planning of cyclical activities, developing and testing relevant processes and systems, and managing external vendors/stakeholders and engaging with other HR teams where relevant to ensure effective delivery of these.
• Compensation reporting, analytics and forecasting to support management decision-making during compensation programme development and the annual pay review, utilising internal and external data. .

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.