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Compensation and Reward Specialist
Compensation and Reward SpecialistStudy Group • Noida, Republic Of India, IN
Compensation and Reward Specialist

Compensation and Reward Specialist

Study Group • Noida, Republic Of India, IN
30+ days ago
Job description

We’re looking for a talented HR professional to help drive Study Group’s strategic priorities through innovative Reward & Remuneration initiatives, impactful culture projects, and the successful delivery of key cyclical HR programmes.

In this role you will deliver Study Group’s strategic priorities through Reward and Remuneration, culture and cyclical projects. A data-led role, using internal and external data to inform decision-making and to ensure effective and efficient cyclical projects. The purpose of this role is to help shape our business for future growth, and to enable the wider business to achieve its strategic aims through reward and renumeration, culture and cyclical HR projects. This role works across all directorates in Study Group, working with senior stakeholders and leading on the delivery of high-profile projects.

ABOUT THE ROLE

  • Act as the subject matter expert for compensation and reward matters across the organisation, partnering with HR Business Partners, Talent Acquisition and leaders on strategic and tactical compensation-related decisions.
  • Advise HR colleagues and senior managers on remuneration and reward, both strategically for the whole organisation and for individual roles.
  • Implement and champion Study Group’s Reward Strategy and update to ensure continuous alignment with business strategy. This will include communication, educating and reviewing its impact.
  • Analyse external benchmarking data to evaluate the competitiveness of our compensation packages against industry and market.
  • Support the compensation planning cycle, partnering with HRBPs and senior managers on applying the Reward Strategy. Reviewing and updating pay structures and architecture, including job evaluation and grading of roles to design base pay, incentives and compensation packages that attract, retain and motivate top talent to deliver our strategy
  • Market analysis – use data to monitor inflation rates and market changes to ensure continued adherence of compensation packages to local employment markets and economic conditions. Provide updates to the Remuneration Governance Group on changes / shifts and likely impact and solutions.
  • Provide data submission to our external pay specialists to enable us to receive data and reports. Use this process to review our structure and architecture and proactively suggest actions where required.
  • Benefits and costs – work with colleagues in the team to ensure that benefits aligned to a role are fair, consistent and in line with local employment markets
  • Assist the team in the development, implementation and evaluation of employee surveys. This role will primarily involve management and analysing data sets to extract areas for discussion and closer evaluation. Close collaboration with BP and DD to ensure that discussion, collaboration and action follows.
  • Review workforce profile against local norms, industry norms and strategic priorities to provide proactive data to the organisation with suggested actions.
  • Salary Review – support the compensation planning cycle. Ensure the salary review is project managed and delivered in an efficient and effective manner.
  • Collaborating with colleagues, defining roles and responsibilities and taking oversight to ensure data protection, alignment with strategy, budgets and market and great communication
  • Bonus plans – provide expert guidance on the creation of bonus and incentive schemes to deliver organisational strategic priorities. Proactively align with compensation package and strategic aims through clear plans which reward the required outcomes and behaviours. Ensure plans are maintained and administered effectively
  • Gender pay gap – ensure organisational legal compliance with reporting requirements. Look to use the outcome data to inform decision-making and proactively look to ensure future legal and non-legal requirements are met.
  • Policy review – ensure intranet pages are up to date. Set review schedule and work with team on cyclical review of HR policies

Key Stakeholders :

  • Board and EXCO – to deliver compensation and benefits and cyclical HR work to deliver organisational strategy.
  • HR Systems team
  • Deputy Directors and HRBPs – collaborate to support, develop and deliver to our internal customers.
  • Finance – work closely with finance to ensure a combined approach and understanding.
  • Compensation Managers – ensure they are able to translate and implement SG Reward Strategy.
  • ABOUT YOU

  • Be a full member of the CIPD or equivalent professional body
  • Towers Watson or similar benchmarking experience (essential)
  • Proven background and experience in compensation and benefits
  • Experience working in a commercially focused organisation, experience of working in a matrix organisation (preferably global). Business partner, compensation and benefits, or relevant experience in HR.
  • Confident and experienced in managing large data sets from multiple sources, providing suggested actions and ensure that the data is accessible to enable clear and relevant decision-making.
  • Intermediate to advanced Excel user.
  • A good working knowledge of UK and overseas employment law environment and the ability to quickly upskill / get informed in new areas.
  • Project Management skills – managing and working on multiple projects concurrently. Working proactively with ambiguity.
  • ABOUT US

    Study Group is a leading international education provider that is dedicated and passionate about helping students around the world, creating a brighter future and reaching their full potential. With university partnerships and a variety of face-to-face, online, and hybrid study programmes, we are able to provide students with the resources and guidance they need to succeed. Our global network of offices and university partnerships ensure that students receive the best educational services available. Additionally, our Insendi platform enables us to deliver innovative, accessible, and intuitive digital learning experiences with the most advanced digital tools available.

    ORGANISATIONAL COMPLIANCE

    Study Group is proud of its high standards in safeguarding and recognises its importance in enabling the best possible student experience and outcomes. For successful applicants, the following checks will be conducted- Criminal Background Check (country-specific), x2 References, ID and Right to Work checks as well as Education Verification.

    We are proud to be an equal-opportunity employer and we strive to create a diverse and inclusive workplace. We are committed to providing equal opportunities for all individuals, regardless of race, gender, religion, nationality, or any other factor. We believe that the best person for the job should be selected based on skills and experience alone. Your information will be kept confidential and stored securely. Please see our Privacy Policy.

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    Compensation Specialist • Noida, Republic Of India, IN

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