Executive Reward Analyst

Hours: 36

Salary: Competitive

Location: Shire Park, Welwyn Garden City, Hertfordshire, AL7 1GA AL7 1GA

United Kingdom

Apply by: 28/03/2019

Executive Reward Analyst

Shire Park, Welwyn Garden City, Hertfordshire, AL7 1GA AL7 1GA

About the role

Subject matter expert and technical lead on all aspects of Executive Reward analytical work to provide a quality service to stakeholders using analysis and judgment of internal and external data.

You will be responsible for

  • Support senior colleagues with all aspects of reward management by providing insights into current market trends through proactive participation in research (pulse surveys, global research studies, etc.) and through external network
  • designing, building and implementing analytical models using people and market data to forecast costs, identify issues and impacts
  • assisting with design of pay and incentive schemes to ensure the remuneration structure is market-competitive
  • support the delivery of annual reward cycle for Executive population in relation to annual salary review, Annual Bonus award, and PSP awards
  • preparation of Executive survey submissions, including data collection, role matching, and reviewing/validating data provided by in-market reward teams for data integrity (WTW, PwC, Deloitte), and related data analysis of survey, carrying out data research, analysis and presentation of benchmarking data in relation to salary and incentives
  • maintenance of internal databases (global reward database)
  • complete monthly / annual routines, e.g. 4 weekly Executive Committee payroll audit
  • collating/reporting of data for Tesco's remuneration report
  • project manage small projects and / or discrete work streams
  • reward related administration, e.g. manage Group Reward mailbox, reward meetings, invoices/POs.

You will need

  • Detailed knowledge of executive remuneration, incentive structures and performance and remuneration reporting.
  • Good understanding survey methodologies, including knowledge job matching, job hierarchies, reporting lines and responsibilities.
  • Data analysis and modelling; managing and manipulation of large complex data sets 
  • Advanced knowledge of MS Excel & Office; ability to work with MS Excel VBA an advantage.
  • Analytical, numerical and problem solving skills, with high attention to detail.
  • Project management skills; strong planning and organisational skills; comfortable working with multiple tasks and tight deadlines
  • Strong written and verbal communication skills

About us

Our vision here at Tesco is to become every customer's favourite way to shop, whether they are at home, out shopping, on the move, anywhere in the world.

Our core purpose is ‘Serving Britain's shoppers a little better every day’.

Our business was built with a simple mission – to be the champion for customers, helping them to enjoy a better quality of life and an easier way of living. This hasn't changed. Customers want great products at great value which they can buy easily and it's our job to deliver this in the right way for them.

In the UK, we serve some 66 shoppers every second, so it's our goal to ensure every one of those customers experiences just a little better service on each visit.

We want our customers to be inspired and whatever they are looking for, we’re finding bigger and better ways to provide it.

We need people who share our ambition to deliver for our customers; passionate and confident people willing to take the initiative and drive us forwards. In return we offer excitement, a great team, an excellent benefit package and significant career development opportunities.

If that sounds exciting then we'd love to hear from you.



What’s in it for you

We offer excellent benefits that help make Tesco a great place to work.  These include but aren’t limited to:

  • An annual bonus scheme which you can achieve up to 3.5% of base salary
  • Colleague Clubcard (including a 2nd card for a family member) after 6 months service with 10% off most purchases at Tesco
  • Holiday starting at 20 days plus a personal day
  • A retirement savings plan - 4%-7.5% contribution rate
  • Life Assurance - 5 x contractual pay
  • Buy As You Earn Scheme
  • Save As You Earn Scheme
  • Deals & Discounts through Tesco including Tesco Mobile & Tesco Bank
  • Deals and Discounts through many other external businesses

Application process

Our office application process varies depending on the role and the level of experience needed.

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