The role of a Reward Analyst

Hiring a Reward Analyst into your business ensures the development of competitive salaries and reward schemes alongside current policies to help to attract and retain talented employees to feel appreciated and make the business more desirable, increasing productivity and the overall morale. To promote this new workplace your analyst must be able to research the current market, be a team player, a natural leader and self-sufficient. These requirements are vital as they need to communicate with multiple members of the team such as the benefits officer, reward manager and HR consultant.

Within compensation, benefit and reward roles excellent communication skills are crucial as they must communicate confidentially with stakeholders and internal staff discussing serious matters. This is especially important for Reward Analysts who must be able to communicate effectively regarding complex analytical information to a broad range of people within the business with a variety of technical understanding.

Other skills you should look for when hiring a Reward Analyst:

• Organisation skills
• Ability to keep up to date with laws, regulations, and industry trends
• Strong attention to detail, with an emphasis on analytics
• Knowledge of employee benefits systems and practises in the UK
• Experience in a Reward Analyst role
• Data analysis

A Reward Analyst is responsible for providing a mediatory position between management and employees on compensation issues and employee schemes throughout the organisation, and maintaining the efficiency of the implemented schemes. To ensure your candidates can effectively bring this to the role, they should have previous experience within this position or similar role, to mitigate any risk, confirm that they understand the essence of this position and exactly what is expected of them.

It is important that if you are looking for a Reward Analyst your candidates have previous experience in the role, or a relevant analytical background, to ensure they can handle the intricacies of the role. Potential candidates must have an analytical mind and eye for detail – as they will be analysing existing data and updating programmes, must be able to closely examine any information for discrepancies, and provide solutions to help improve the programmes and policies in place.

At Portfolio HR & Reward we specialise in the recruitment of human resources and reward staff, from entry-level administrative positions to management and directorial roles. If you would like our recruitment specialists to help you find perfect candidates for your HR & Reward vacancies, contact us or register your vacancy via a quick and easy form, and we will get in touch to discuss your requirements.