Reward Analyst (Executive Reward)

Hours: 36

Salary: Competitive

Location: Shire Park, Kestral Way, Welwyn Garden City AL7 1GA

United Kingdom

Apply by: 20/10/2021


Reward Analyst (Executive Reward)

Shire Park, Kestral Way, Welwyn Garden City AL7 1GA

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About the role

A fantastic opportunity has arisen with us here at Tesco for a Executive Reward Analyst to join the team.

As part of this role, you will be responsible for carrying out data research, analysis and presentation of benchmarking data in relation to salary and benefits.  As Reward Analyst, the work you do will contribute towards implementing Reward initiatives aligned to the long-term People Plan and business goals for Tesco.

This role would suit someone who has a good knowledge of executive remuneration, incentive structures and remuneration reporting, as well as a sound understanding of survey methodologies.
 

You will be responsible for

- Being the Executive Reward in-house subject matter expert supporting the reward management of senior colleagues 
- Providing support as required to the RemCo with papers and remuneration insight on the wider workforce
- Supporting the annual delivery of the directors' remuneration report and pay disclosures 
- Managing the Reward Database for senior colleagues across the Group
- Assisting with the design of pay and incentive schemes to ensure the remuneration structure is market-competitive
- Designing, building and implementing analytical models using people and market data to forecast costs, identifying issues and impacts
- Preparing management information and reporting, working with relevant teams to ensure the integrity of data sources. Delivering outstanding quality insight and analysis to make strategic and tactical recommendations to senior stakeholders
- Supporting the delivery of the annual Reward Cycle for the Executive population including salary review, bonus and other Reward initiatives 
- Completing Executive salary survey submissions
- Supporting with Reward proposals for senior hires, moves and promotions
- Assisting with ad-hoc and change projects throughout the year

You will need

- Data analysis and modelling; managing and manipulation of large complex data sets 
- Knowledge of executive remuneration, incentive structures and remuneration reporting
- Sound understanding of survey methodologies
- Delivering Reward initiatives including annual salary review and bonus processes, job evaluation, benchmarking and information management

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:

  • Annual bonus scheme where you can earn up to 5% of base salary
  • Holiday starting at 20 days plus a personal day rising to 22 days after 12 months (plus 8 Bank holidays)
  • On-site state of the art gym at our Welwyn Campus with discounted “Gympass” membership & free health checks via Nuffield Health
  • Retirement savings plan - save between 4% and 7.5% and Tesco will match your contribution
  • Life Assurance - 5 x contractual pay
  • Share Schemes – Join our ‘Buy As You Earn’ & ‘Save As You Earn’ share schemes after 3 months service
  • Colleague Clubcard (including a 2nd card for a family member) after 3 months service
  • Colleague Discounts:
    • 10% increasing to 15% after every pay day for a four day period, off most purchases at Tesco
    • 10% off One Stop
    • 10% off pay monthly & SIM only deals with Tesco Mobile
    • 20% off all F&F purchases
    • 20% off car, pet and home insurance at Tesco bank. T&C’s apply
    • 25% off Tesco Café
    • 50% off complete glasses purchases & free eye tests (other offers available) at Vision Express
    • 50% off health checks at Tesco Pharmacy
  • An exclusive deals and discounts website saving you money on everyday purchases, treats for the family, eating out and utility bills for the home
  • Cycle to work scheme
  • Shuttle Bus Service to/from Welwyn Garden City Station to Welwyn Campus
  • Opportunities to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want
  • Our Employee Assistance Programme helps you deal with life’s challenges
  • Financial wellness - Tesco has partnered with experts to help you make the most of your money
  • Get involved in a range of fundraising activities with our long-term charity partners

About us

Our vision here at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move.  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 are proud to have an inclusive culture at Tesco where everyone truly feels able to be themselves. At Tesco, we not only celebrate diversity, but recognise the value and opportunity it brings to enable us to serve our shoppers a little better every day. We're committed to creating a workplace where differences are valued, and make sure that all colleagues are given the same opportunities.  We're a big business with diverse working patterns and many business areas which means that we can find something that works for you.  Everyone is welcome at Tesco.
 
NOTE: Should you be successful in your application, your offer will be subject to and conditional upon you providing your bank account details on your agreed start date.

Application process

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

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