Reward Analyst

Key Information

Job title: Reward Analyst

Salary:  £45-50k + TfL benefits                                       

Grade: 2

Contract type:  Permanent                           

Location: Palestra/Hybrid 

Hybrid working within this role enables a balance of 50 per cent of time split between the office and home over a 4 week period. Hybrid working arrangements can evolve subject to business requirements. 

Job Purpose

Our Colleague Strategy is focused on making TfL a great place to work for everyone and the Reward Strategy that underpins this is focused on transforming our Reward to make it fair, transparent and attractive for all whilst keeping it affordable. 

We are developing and implementing significant changes in Reward at TfL. This includes in pay management and our journey towards pay transparency, rethinking our approach to our performance pay schemes and reinvigorating our benefits and recognition through actively listening to our people’s needs whilst maintaining our overall focus on affordability.

Needing to deliver change whilst continuing to meet the flexibility required and the high standards demanded in delivering our day-to-day delivery means that we are now looking to strengthen our team at all levels (Reward Analyst, Reward Specialist and Senior Reward Manager). This will help us achieve our aspirations for Reward and to truly deliver a compelling proposition for all our colleagues.  

Working collaboratively with our other Reward Analysts, you will support a team of Reward Specialists and Senior Reward Managers in delivering our busy annual cycle of compensation activities. You will have experience of working in a Reward environment and able to demonstrate a strong depth of knowledge around remuneration analysis, pay surveys and job levelling. You will have advanced excel skills, experience of managing and analysing large quantities of complex data and clearly communicating your findings. 

This role will primarily support compensation management through data analysis, research and pay benchmarking and presenting findings from these activities in a clear and meaningful way. You will also be supporting the delivery of equal pay analysis, pay gap reporting and annual pay and performance processes across TfL. 

Key accountabilities

• The management and manipulation of large data sets (normally in MS Excel) that enable various Reward processes and activities to be undertaken.
• Supporting key BAU processes such as the annual pay reviews across a number of different pay frameworks, pay planning and pay structure maintenance, remuneration committee paper development, strategic pay audits and pay gap reporting. 
• Benchmark, research and investigate through pay and benefits surveys and participation in external Reward forums, analysing and evaluating internal and external information to support the improvement of market benchmarking 
• Support the development of pay structures through the analysis of external market data to recommend pay range values and structure design that is appropriate for TfL's requirements 
• Produce clear, relevant analytical data to support the delivery of our pay gap reporting 
• Design, develop, implement and maintain a reward dashboards that provide current, clear and concise information relating to all aspects of Reward within TfL 
• Support in the continuous development and maintenance of SharePoint Reward Hub to ensure clear access for employees across TfL to products.
• Support with supplier invoicing, purchase order management and accruals 

What you can offer us

Your proven advanced excel skills for complex modelling, data management, advanced formulas, pivot tables as well as being highly analytical and numerate with experience of analysing and interpreting data and clearly communicating findings.

Your knowledge of interrogating data to understand problems and provide appropriate solutions or recommendations to the business.

Proven experience of pay survey submission and results analysis, (preferable to have experience of using Willis Towers Watson MDS survey).  

Beyond your proven Reward expertise, your desire and ability to work collaboratively with your colleagues in Reward as well as more widely across our People function is a pre-requisite for success. You will enjoy working together as a team of experts and sharing knowledge as well as being organised with experience of managing a varied workload to tight timescales.

What we can offer you

A chance to work in a truly diverse organisation with a unique purpose. We do much more than run the Tube! Transport is central to the vision of the Mayor, Sir Sadiq Khan, to create a city for all Londoners. The Mayor's Transport Strategy sets out his plans to transform London's streets, improve public transport and create opportunities for new homes and jobs. Your work will help attract and retain our talent sourced from all quarters to fulfil this purpose, improving the lives of all Londoners.

A great team to work in. We would say that wouldn’t we?… But we are collaborative and supportive and will see your success as our own. TfL is committed to diversity. Action on Inclusion is our strategy that underpins our approach.

Great expertise in developing and designing Reward? Fantastic… but have you tried leading and managing change in a place like TfL? You will hone your skills in collaborating, engaging and working with stakeholders including our Trade Unions, more so here than anywhere you’ve been so far. You will need determination, tenacity and perseverance in equal measure to your expertise.

We already offer a fantastic Reward package (we just need you to help us continually improve it and help us promote it better to our people). Competitive pay, annual performance award opportunity, DB final salary pension, discounted commuting and travel, private medical, 30 days annual leave, discounts, Cycle to Work, and a soon to be launched Electric Vehicle Salary Sacrifice Scheme are all on offer. And if there’s something missing, there’s always the opportunity for you to help put that right!  

Equality, diversity, and inclusion
We are committed to equality, diversity, and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.

Application Process 
Please apply using your CV and a two-page covering letter. 

Think carefully about the skills, knowledge and experience in the advert and cover this in your CV and cover letter. PDF format preferred and do not include any photographs or images

The closing date for applications is Thursday 20th March 2025 @ 23:59 

Benefits  
In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow.  Rewards vary according to the level of role but mostly include the below:
 
Final salary pension scheme 
Free travel for you on the TfL network 
Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
30 days annual leave plus public and bank holidays 
TfL is committed to work-life balance, operating a hybrid working approach where business and role requirements allow
Private healthcare discounted scheme (optional) 
Tax-efficient cycle-to-work programme
Retail, health, leisure and travel offers 
Discounted Eurostar travel