The story goes, a newly recruited Reward Manager told her assembled staff: “Just think of me as Santa Claus, except my naughty list is not for boys and girls – it’s only for the grown-ups.”
Thinking of a 32-year-old blonde in a red velvet jump suit could have spelled big trouble and no presents for anyone, but we’re sure the staff knew what their Manager really meant.
Reward management is, after all, focused on making sure the company’s hard workers and innovators get the goodies for doing well.
This means that, working closely as a team, the Reward Analyst will support the Head of Reward and Reward Manager in the implementation of reward initiatives.
Together, their mission is to motivate everyone, from the HR Assistant to the CEO, to achieve strategic goals for themselves and for the business as a whole.
This involves taking care of elements such as salary reviews and bonus payments and administering company shares.
There may also be benefits to consider such as private medical insurance, childcare vouchers or even a cycle-to-work scheme.
An Analyst can also be responsible for the day-to-day administration of the payroll, including overtime payments, to employees.
A long-term programme of employee motivation can also focus on non-financial rewards such as upskilling, in-house training and, ultimately, promotion.
With such an important input into the success of a company, the role requires a confident personality backed up by technical know-how.
Attention to detail and good communication skills are also a must.
While the Analyst will be on the frontline delivering results, the Reward Manager and Head of Reward will offer guidance and form new policy.
This is an HR role that never rests on its well-earned laurels – you’ll need to keep up with the continual legislative changes in the reward systems, to ensure you and your company are always acting in the best interests of workers and to the letter of the law.
Having a weather eye for market trends is also vital – you can have the best HR and Recruitment department in town but if you miss the fact a rival is offering more attractive incentives, you could end up losing your best people . . . and find yourself on the naughty list.
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