Compensation Business Partner

Summary

Join Study Group as a talented HR professional to drive strategic priorities through innovative Reward & Remuneration initiatives, impactful culture projects, and successful delivery of key cyclical HR programs. You will deliver strategic priorities through Reward and Remuneration, culture, and cyclical projects, using data to inform decision-making. The role involves shaping the business for future growth and enabling the wider business to achieve its strategic aims. This role works across all directorates, collaborating with senior stakeholders and leading high-profile projects. You will act as a subject matter expert for compensation and reward, advising colleagues and senior managers. You will also implement and champion Study Group’s Reward Strategy, analyze benchmarking data, and support the compensation planning cycle.

Requirements

• 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 focussed 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

Responsibilities

• 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

Benefits

Remote working with the ability to commute to Brighton regularly e.g. once a week