Compensation & Benefit Analyst

Ably Resources; Aberdeen City; On-site; GBP 50,000 - 80,000; Full time

Job description

Primary Purpose of the Job

Provide analysis and support the implementation of the corporate compensation programs, ensuring internal and external equity by conducting various analytical studies and making recommendations to management on competitive compensation packages in line with strategic objectives.

Principal Accountabilities

• Review, monitor and maintain organization salary structure to become competitive in the market/ industry.
• Conduct benchmark analysis against the market salary surveys and recommend improvements.
• Conduct analysis and data modelling for various compensation initiatives to continually improve the compensation program.
• Conduct annual overall market study and salary movement study to propose options for the annual performance merit and bonus budget increases.
• Undertake internal research of employees' salaries, allowances and benefits and prepare reports for management to ensure internal equity.
• Collect and analyse data from the market to ensure competitive pay rates.
• Recommend salary offers based on current salary structure, internal equity and external market when required.
• Prepare manpower budget based on internal salaries for strategic manpower planning and manpower tariffs.

Qualifications / Knowledge / Skills / Experience

• Bachelor's Degree in Business Administration or equivalent.
• Professional certification in compensation desirable.
• At least 8 years of experience in HR, of which, at least 5 years in compensation and base pay management.
• Proficiency in computer skills, excellent statistical analysis (Excel and Power BI) and presentation skills.
• Excellent knowledge of compensation and benefit practices and regulations within Energy sector.