Reward Analyst, Wellcome
Fixed Term Contract
£53.6k
More information about location
3-5 days a week in office (Euston Road, London)
Global charitable foundation for science research
Be an early applicant
Global charitable foundation for science research
1001+ employees
Be an early applicant
£53.6k
More information about location
3-5 days a week in office (Euston Road, London)
1001+ employees
Company mission
Wellcome's mission is to support science to solve the urgent health challenges facing everyone.
Role
Who you are
- We are looking for someone with compensation experience, adept at role benchmarking, advanced in Excel and data analysis, capable of building complex pay models, using data to drive decisions, and maintaining HRIS data, demonstrating resilience, adaptability and a strong attention to detail
- Has compensation experience with a strong understanding and previous experience of working in Reward, good experience of benchmarking roles
- Has advanced Excel and data analysis skills with the ability to interpret and present data in a manner that is easy and clear to understand
- Experience of building complex pay and bonus models as well as experience of using data to drive decisions with a demonstrable knowledge and experience of compensation management principles and practices
- Resilience, adaptable and ability to react to changing business requirements
- Experience of maintaining and managing data on HRIS with a high level of numeracy, accuracy and attention to detail
- Ability to work independently and work in a fast paced, dynamic environment
What the job involves
- You will be working in the People Team in Reward and Wellbeing. You will report to the Compensation and Recognition Manager and be an integral team member of this small team
- The team are responsible for ensuring that reward and recognition supports the Wellcome culture and that people working at Wellcome feel valued and can thrive
- In this role you will contribute to helping Wellcome achieve its strategic objectives by supporting compensation and recognition projects and regular activities
- You will play a part in ensuring that the annual compensation and recognition activities are delivered accurately and to time by providing specialist technical and analytical expertise through performing mostly analytical and data-oriented tasks
- Support the Reward team with all annual reward activities such as pay review and bonus review ensuring compensation proposals are in line with the pay policy and philosophy
- Maintain and analyse market benchmarking data and be responsible for input into salary surveys and ensuring all inputs are completed in a timely and accurate manner. Conduct internal and external research into pay and recognition provisions. Providing models/costing and trend analysis
- Research and gather internal and external salary data providing salary benchmarks and package recommendations to the Reward and People Partner team, in line with the pay policy and philosophy as well as contribute to the job levelling process including job evaluation, communication and maintenance of outcomes
- Provide detailed data modelling, analysis and insight to support reward processes and decisions for example to support the gender and ethnicity pay calculations, equal pay audit and other ad hoc project support and support the implementation of a recognition programme for Wellcome and support all recognition processes
- Seek for continuous improvement in the different compensations and recognition processes and tools, present facts and information to relevant Reward and Wellbeing team members and assist with the preparation of papers, such as People and Remuneration Committee papers, with clear recommendations to enable decisions to be made by stakeholders
- Contribute to a diverse and inclusive culture across the organisation, collaborating across departments
Application process
- Closing date: Sunday, 9 February 2025
- Interview dates: 21/02, 24/02 and 25/02
- Contract type: Fixed Term Contract (end date: 19 Dec. 2025)
Salary benchmarks
Our take
The Wellcome Trust was originally founded in 1936 to fund medical research and has since grown into the UK’s largest private scientific research fund, and one of the wealthiest charities in the world. Disbursing over £1 billion in funds a year, it has provided funding to numerous medical research projects in its focus areas of mental health, climate & health and infectious diseases. These include the Cancer Genome Project and the Ebola Emergency Initiative.
Wellcome's recent decision to divest itself of its shares in fossil fuels has also relieved it of a persistent source of controversy, as this was potentially hindering the credibility of its climate change research. Wellcome has since partnered with the World Economic Forum to collect data on how climate change is affecting health worldwide.
The company is also moving to adjust to a more global role. The majority of its funding has historically been allocated to UK firms, but as climate change and infectious diseases know no borders, neither does research into solutions to these problems. ln 2019 it established an office in Berlin to strengthen its scientific links in the EU and to allow it to more easily fund important research outside of the UK.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Holiday – 25 days’ holiday a year plus bank holidays (and we usually close between Christmas and New Year)
- Pension (defined contribution plan) – you contribute at least 3% and we pay in 15% of your salary
- Income protection – to maintain your income if you have a prolonged illness or disability
- Life assurance – four to six times your basic salary if you’re a member of our pension plan
- Interest-free travel season ticket loan
- Private medical insurance – we pay the cover, you pay the tax (and you can pay to add dependants)
- Gym and fitness classes – free membership to on-site gym and subsidised fitness classes and treatments
- Employee assistance programme – free, independent 24/7 help and advice for work-related issues as well as problems affecting your home life
- Mental health support – our network of mental health first aiders can be a first point of contact, or help while you're receiving professional help
- Health assessments (free and voluntary) – after you’ve been here for one year, then every two years after that
- Occupational health – annual eye tests and flu jabs, as well as job-related vaccinations
- Flexible working – we make every effort to support flexible working, including flexible working hours and remote working (we respect people's different working preferences and the need for a healthy work-life balance)
- Flexi-leave scheme – you can buy or sell up to five days of your holiday entitlement a year
- Staff social club – a range of sports teams and fun events throughout the year
- Volunteering – we give you up to four days' paid leave a year to contribute to our local community
- Give As You Earn – allows you to make tax-free donations to the charities you care about
- Cycle-to-work scheme – we offer at least 25% discount on bikes and cycling equipment and we have secure cycle storage, lockers and showers
- Subsidised restaurant and cafe
- Wellcome Collection discounts – 20% off food, drink and gifts from our cafe, restaurant and shop
- Discounts through Perkbox – shopping, restaurants, cinema tickets, phone insurance and gift cards
Company values
- We make it count
- We act boldly
- We stretch ourselves
- We pull together
Company HQ
London, UK
Articles
Leadership
Jeremy Farrar
(Director, not founder)Has been Director of the Wellcome Trust since 2013. Before that was Director of Oxford Clinical Research Unit, working on research and clinical trials for diseases in Vietnam.
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