Oakleaf Partnership
Reward Analyst
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Reward Analyst
The Reward Analyst will support the design, delivery and ongoing management of the organisation's reward strategy, ensuring that pay, bonus and incentive arrangements are competitive, fair, commercially aligned and compliant with relevant regulatory requirements.
Working closely with the wider HR team, Finance, Risk and business stakeholders, the role will provide accurate reward data, meaningful analysis and insight to support informed decision-making across the employee lifecycle.
The role will play a key part in the annual compensation review, bonus and incentive processes, market benchmarking, reward reporting and the continuous improvement of reward policies, frameworks and processes.
Compensation and Benefits
- Support the annual salary and compensation review process, including salary increases, promotions and adjustments.
- Analyse salary structures, pay ranges and individual remuneration to ensure internal equity and external competitiveness.
- Conduct external market benchmarking using salary surveys and relevant financial services market data.
- Support the administration and review of employee benefits, allowances and other reward arrangements.
- Assist with the development and maintenance of job evaluation frameworks, salary bands and reward guidelines.
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Reward Analytics and Reporting
- Produce regular and ad hoc reward reports, dashboards and management information.
- Analyse salary, bonus, benefits and workforce data to identify trends, anomalies and opportunities for improvement.
- Support gender pay gap reporting and other diversity-related reward analysis.
- Provide data and insight to support workforce planning, budgeting and compensation forecasting.
- Translate complex reward data into clear, concise and actionable insights for HR, Finance and senior stakeholders.
- Identify opportunities to improve reporting accuracy, data quality and the efficiency of reward processes.
Annual Reward Cycle and Project Support
- Coordinate and support key reward activities throughout the annual compensation cycle.
- Prepare and validate data for salary reviews, bonus calculations and incentive plan exercises.
- Work with HR Business Partners and managers to resolve queries relating to pay, bonus and reward policies.
- Support reward-related projects, including policy reviews, system enhancements, benchmarking exercises and process improvements.
- Contribute to the development and implementation of the organisation's reward strategy.
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Skills and Experience
Essential
- Experience in a reward, compensation and benefits, HR analytics or remuneration-focused analytical role.
- Strong analytical skills, with the ability to interpret complex data and identify trends and insights.
- Advanced Excel skills, including pivot tables, lookups, data manipulation and financial calculations.
- Experience producing accurate reports, management information and data analysis.
- Strong attention to detail and a high level of numerical accuracy.
- Ability to manage multiple deadlines and deliver work within a structured annual reward cycle.
- Excellent communication skills and the ability to work effectively with a range of stakeholders.
- A high level of discretion when handling sensitive and confidential employee information.
- Strong organisational skills and a proactive approach to problem-solving.
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