Reward Analyst

Are you looking for a challenging and rewarding career in the field of employee rewards? Look no further than Barclays, a leading global bank. We are seeking a highly motivated and skilled Reward Analyst to join our dynamic team. In this role, you will have the opportunity to shape and drive our reward strategy by providing valuable insights and analysis. As a member of our team, you will play a crucial role in attracting, retaining, and motivating our talented employees. If you have a strong analytical mindset, excellent communication skills, and a passion for employee rewards, we want to hear from you. Join us in shaping the future of employee rewards at Barclays.

1. Develop and implement reward strategies and policies that align with the overall business strategy and objectives.
2. Conduct thorough analysis of market trends and competitor practices to ensure Barclays' reward offerings remain competitive and attractive to employees.
3. Utilize data and insights to make informed recommendations on reward programs and initiatives.
4. Collaborate with HR, finance, and other teams to ensure effective and efficient delivery of reward programs.
5. Monitor and evaluate the effectiveness of existing reward programs and make recommendations for improvements.
6. Communicate with employees to educate them on reward programs, answer any questions, and address any concerns.
7. Stay up-to-date with industry trends and best practices in employee rewards to continuously enhance Barclays' reward offerings.
8. Manage relationships with external vendors and partners to ensure the delivery of high-quality and cost-effective reward programs.
9. Partner with the recruitment team to develop attractive and competitive compensation packages for new hires.
10. Provide support and guidance to managers and leaders on reward-related matters, including salary benchmarking and bonus allocations.
11. Ensure compliance with all relevant laws, regulations, and internal policies in regards to reward programs.
12. Contribute to the development and implementation of a diverse and inclusive reward strategy that promotes fairness and equality within the organization.
13. Participate in various projects and initiatives related to employee rewards, such as salary surveys, benefits reviews, and performance management.
14. Continuously assess and improve the reward processes and systems to enhance efficiency and accuracy.
15. Act as a subject matter expert on employee rewards and provide training and guidance to colleagues and stakeholders as needed.

According to JobzMall, the average salary range for a Reward Analyst in Chennai, Tamil Nadu, India is between ₹2,00,000 – ₹6,00,000 per year. This can vary depending on factors such as the company, industry, and level of experience. Some companies may also offer additional benefits and bonuses as part of the compensation package.

Barclays plc is a British multinational investment bank and financial services company, headquartered in London. Apart from investment banking, Barclays is organised into four core businesses: personal banking, corporate banking, wealth management, and investment management.