Senior Reward Specialist

Edinburgh, Scotland, United Kingdom

11/11/2024

Wood Mackenzie is the global data and analytics business for the renewables, energy, and natural resources industries. Enhanced by technology. Enriched by human intelligence. In an ever-changing world, companies and governments need reliable and actionable insight to lead the transition to a sustainable future. That’s why we cover the entire supply chain with unparalleled breadth and depth, backed by over 50 years’ experience. Our team of over 2,400 experts, operating across 30 global locations, are enabling customers’ decisions through real-time analytics, consultancy, events and thought leadership. Together, we deliver the insight they need to separate risk from opportunity and make confident decisions when it matters most.

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Wood Mackenzie Values

• Inclusive – we succeed together
• Trusting – we choose to trust each other
• Customer committed – we put customers at the heart of our decisions
• Future Focused – we accelerate change
• Curious – we turn knowledge into action
  
  

Role Purpose

The Senior Reward Specialist will be responsible for the delivery of global reward processes within Wood Mackenzie, including designing, developing, analysing, implementing, communicating and monitoring all global compensation projects and initiatives.

They will work within the existing Reward framework to conduct compensation benchmarking exercises, developing salary scales by geography and function for our global organisation, whilst providing regular insight and analytics.

Main Responsibilities

• Conduct global salary benchmarking exercise to support annual salary planning cycle and hiring decisions, based on existing job families and career frameworks
• Extract salary scales by geography and function, using Willis Towers Watson salary data
• Drive recommendations for market-specific inflationary increases
• Monitor local regulations related to pay practices and support the developments that may come from audits or studies of compensation policies, programs and practices
• Conduct thorough review of high-inflation locations (e.g. LatAm), and make considered recommendations on approach
• Work closely with the HRIS Workday team to support with configuration of the Advanced Compensation module in Workday to meet specific Wood Mac requirements
• Act as the subject matter expert for advanced compensation in Workday, including compensation plans, eligibility rules, compensation elements, compensation packages, and other related configurations
• Carry out job evaluations on new roles
• Accountable for leading the bonus and merit programme in Workday
• Research and prepare regular and ad hoc reports and compile metrics for analysis as needed
• Act as the liaison between the Reward team and other departments across the HR team and wider organisation to ensure consistency and compliance in processes and procedures
• Identify key market segments impacted by high competition for talent, and recommend compensation approaches accordingly
• Support review of Sales and Consulting Commission Schemes
• Provide key inputs to Talent Acquisition on new hire compensation
• Provide key HRIS and reporting metrics
• Subject Matter Expert advice to business and wider HR team across Reward projects and programs
  
  

About You

• The candidate must have experience in international Compensation & Benefits
• You will ideally have experience using Workday, particularly the Advanced Compensation module, including leading on annual bonus and merit reviews in Workday
• You will ideally have knowledge of integrating Workday Advanced Compensation with other modules within the Workday ecosystem, such as Performance Management and Talent Management, to ensure seamless data flow across different HR functions
• You will have strong analytical skills and be familiar with using salary benchmarking software and methodologies
• Experience using Willis Towers Watson systems is advantageous
• Experience of complex geographies, across a number of global locations will be beneficial
• You will have a Degree/ Diploma in HRM or a related subject, and ideally have a relevant HR or Finance professional qualification, or relevant experience
• High proficiency in Microsoft Excel is required, as is the ability to present data and information clearly
• Candidates should be prepared to be able to effectively manage their own workload and prioritise appropriately
• Excellent analytical and modelling skills are essential to succeed in this position, as well as effective communication and presentation skills
  
  

Equal Opportunities

We are an equal opportunities employer. This means we are committed to recruiting the best people regardless of their race, colour, religion, age, sex, national origin, disability or protected veteran status. You can find out more about your rights under the law at www.eeoc.gov

If you are applying for a role and have a physical or mental disability, we will support you with your application or through the hiring process.