Overview
Compensation Specialist - VP (9 Month FTC) at Barclays. This role leads on compensation deliverables for the Sierra migration, including data migration activities, managing impact to Workday processes, handovers for payroll processing and any Reward involvement required in Workforce transformation activity.
Responsibilities
* Ensure transition activities impacting Compensation are managed accurately and on time, using Reward policy expertise and providing advisory to business and HR stakeholders where required
* Manage data required for running of Compensation processes in Workday, including support for year-end processes, and ensure appropriate control and governance
* Manage testing activity for key technical changes in Workday or other downstream platforms
* Support change management activity for impacted populations, including additional colleague and manager interventions required
* Partner with SMEs across the Reward function and the R&P Sierra project lead to ensure Compensation readiness is managed effectively in line with overall project timelines
Qualifications
* Reward policy knowledge
* Experience managing large scale transformation projects
* Reward system architecture and data structure experience
* Workday experience
Other Highly Valued Skills
* Testing experience
* Data analysis
Location
This role will be located in London or Glasgow.
Purpose of the role
To develop, implement and maintain compensation programmes and provide advice to resolve any related issues.
Accountabilities
* Development (including design and related analysis), implementation and delivery of compensation programmes aligned to the organisation’s strategy and applicable regulations, including the provision of advice throughout the employee lifecycle and during the annual pay review, advising on related services and the resolution of reward and compensation issues from employees, people leaders, or regulators.
* Communication and engagement to educate employees and people leaders on the compensation offering and structure, including salary, bonuses and allowances recognition schemes.
* Review the competitiveness and relevance of the compensation programmes including salary, bonuses and allowances, as appropriate.
* Administration and delivery of compensation services, including planning of cyclical activities, developing and testing relevant processes and systems, and managing external vendors/stakeholders and engaging with other HR teams where relevant to ensure effective delivery.
* Compensation reporting, analytics and forecasting to support management decision-making during compensation programme development and the annual pay review, utilizing internal and external data.
Vice President Expectations
* To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/processes; deliver continuous improvements and escalate breaches of policies/procedures.
* If managing a team, define jobs and responsibilities, plan for the department’s future needs and operations, counsel employees on performance and contribute to employee pay decisions/changes. May lead specialists to influence operations, while balancing short and long term goals and ensuring budgets and schedules meet corporate requirements.
* If the position has leadership responsibilities, demonstrate leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: Listen, Energise, Align, Develop.
* For individual contributors, act as a subject matter expert within own discipline and guide technical direction; lead collaborative, multi-year assignments; train, guide and coach less experienced specialists and provide information affecting long-term profits, risks and strategic decisions.
* Advise key stakeholders, including functional leadership teams and senior management on functional and cross-functional areas of impact and alignment.
* Manage and mitigate risks through assessment, in support of the control and governance agenda.
* Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
* Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
* Collaborate with other areas of work to keep up to speed with business activity and strategies.
* Create solutions using sophisticated analytical thought to compare and select complex alternatives; perform in-depth analysis to define problems and develop innovative solutions.
* Adopt and include the outcomes of extensive research in problem solving processes.
* Seek out, build and maintain trusted relationships with internal and external stakeholders to accomplish key objectives, using influencing and negotiating skills to achieve outcomes.
Barclays Values
All colleagues are expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship, and to demonstrate the Barclays Mindset of Empower, Challenge and Drive.
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Human Resources
* Industries
* Banking and Financial Services
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