Reward Analyst
National Savings and Investments
Apply before 11:55 pm on Sunday 5th May 2024
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About the job
Job summary
The HR Reward Analyst is responsible for pay and reward management across NS&I. The post holder will be the lead point of contact for day to day pay and reward management, internal and external reporting and NS&I’s job evaluation process.
In addition to the core responsibilities this role will lead on the implementation of NS&I’s review of pay and reward working closely with the Head of HR and People & Finance Director.
Job description
Reward & Pay
Working with the Head of HR and Learning, responsible for implementation of the NS&I reward policy and the full pay cycle. Including but not limited to:
- Management and maintenance of the pay remit
- Be responsible for co-ordination of job evaluation: conducting job evaluation panels, contributing on the panel and recording outcomes and maintaining the job catalogue and lead on annual Job Evaluation audit.
- Supporting on the annual submission of the NS&I pay remit business case in accordance with the Civil Service Pay Guidance.
- Complete pay market data surveys ensuring that they are completed accurately and within contractual timeframes and provide analysis and trends on the findings.
- Conduct market analysis, identifying incumbent position against market and making salary recommendations.
- Administer a range of benefits and work with the HR Business Partners to promote and manage supplier relationships.
- Management of the Flexible Benefits system, e.g. making improvements or recommendations for additional benefits along with day to day liaison and issue resolution with the supplier(s).
- Work with HR Business Partners to coordinate mid and end year appraisal process, ensuring all reviews are completed on time and that performance ratings are captured in the HR Information System.
- Management of the annual performance variable pay process, relevant data, budget and administration.
HR projects
- Lead on the implementation of NS&I’s review of pay and reward (working closely with Head of HR and People and Finance Director).
Management information
- Lead on external report production to give accurate and timely statistic and MI to external stakeholders e.g. Cabinet Office, HMT etc.
HR service delivery
- Deliver a proactive HR service by working closely with the HR Business Partners and wider business to ensure that all HR processes run smoothly and meet business needs.
Person specification
Behaviours
We'll assess you against these behaviours during the selection process:
- Changing and Improving
- Making Effective Decisions
- Communicating and Influencing
- Managing a Quality Service
Technical skills
We'll assess you against these technical skills during the selection process:
- Strong analytical skills using a variety of data sources to present data in a clear format for varied stakeholders.
- Experience of salary and bonus forecasting within designated budgets.
- Experience of the job evaluation process.
- Experience of managing a number of activities alongside successful delivery of ad-hoc projects
- Experience of managing reward and employee benefits.
Benefits
NS&I is one of the largest savings organisations in the UK with more than 24 million customers and over £218 billion invested. We are both a government department and an Executive Agency of the Chancellor of the Exchequer. Our origins can be traced back more than 150 years to 1861.
A small company with a big reach, we offer a range of benefits including flexible working, great opportunities for development and a generous pension scheme. We care for colleagues, respect one another, invest in our people and manage talent effectively.
Some benefits of working at NS&I include:
- Learning and development tailored to your role
- An environment with flexible hybrid working options
- 9 day fortnight scheme
- A culture encouraging inclusion and diversity
- A Civil Service pension with an average employer contribution of 27%
- Generous annual leave – starting at 25 days, increasing to 30 days
- Performance related variable pay bonus
- Enhanced maternity, paternity, adoption and shared parental leave
Things you need to know
Selection process details
To apply, please click the link on this advert and follow the steps to complete the application form.
We will sift applications based on your statement of suitability for criteria stated below, up to 250 words per criteria, as well as your job history.
- Strong analytical skills using a variety of data sources to present data in a clear format for varied stakeholders.
- Experience of salary and bonus forecasting within designated budgets.
- Experience of managing reward and employee benefits.
- Experience of the job evaluation process.
- Experience of managing a number of activities alongside successful delivery of ad-hoc projects.
In the event of a large number of applicants, applications will be sifted on the following lead key criteria only:
- Strong analytical skills using a variety of data sources to present data in a clear format for varied stakeholders.
Please note there is no expectation for you to meet the maximum word count provided for each criteria. Feel free to use as many words as you need within the limit to demonstrate your experience in a concise and clear manner.
If shortlisted, you will be invited to attend a 1 hour panel interview via video call.
Interviews will take place on 14th and 16th May.
Note we are unable to accept CVs.
This role is subject to Baseline Personnel Security Standard and financial credit checks.
NS&I is currently working in a hybrid way with colleagues expected to work in the office for 40% of their working month and this will be increasing to 60% of their working month in the summer of 2024. If you are applying to work in London, the role is currently based in Sanctuary Buildings, Great Smith Street, SW1P 3BT and in summer 2024 it is anticipated that NS&I will be moving out of Sanctuary Buildings and into another office within central London.
Any move to NS&I from another employer will mean you can no longer access childcare vouchers. This includes moves between government departments. You may however be eligible for other government schemes, including Tax-Free Childcare. Determine your eligibility at https://www.childcarechoices.gov.uk/.
If you are applying for a role at the same NS&I band as you are currently and the advertised salary of the role is higher, if you are successful, any salary increase will be at the discretion of NS&I and will be reviewed as part of the next annual pay review, in accordance with the NS&I employee handbook.
Feedback will only be provided if you attend an interview or assessment.
Security
Nationality requirements
Working for the Civil Service
We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).
Apply and further information
Contact point for applicants
Job contact :
- Name : jobs@nsandi.com
- Email : jobs@nsandi.com
Recruitment team
- Email : jobs@nsandi.com
Further information
