Total Rewards Specialist

JOB TITLE

Total Rewards Specialist  

ABOUT ASTRAZENECA

AstraZeneca is a global, science-led, patient-focused biopharmaceutical company that focuses on the discovery, development, and commercialisation of prescription medicines for some of the world’s most serious diseases. But we’re more than one of the world’s leading pharmaceutical companies.

ROLE SUMMARY

Analyses compensation and benefits data to develop recommendations which inform decision-making. Carries out pay and benefit benchmarking in order to monitor the cost-effectiveness and competitiveness of the reward package. Supports cyclical processes within the performance, compensation and benefits areas and contributes to system and policy reviews

What you’ll do

• Carries out analysis of compensation and benefits data within the framework of the Global Reward Strategy.
• Conduct and participate in internal and external; market research and analysis to ensure competitive compensation structures in alignment with industry standards.
• Review, develop and administer employee benefit programs, including health insurance, retirement plans, and other benefits.
• Support Reward Lead in the review and update reward policies and procedures to ensure compliance with legal regulations and organizational goals.
• Maintain accurate compensation and benefits data in HR systems; ensure data integrity and reporting accuracy.
• Prepare compensation and benefits reports for management, analysing trends and making recommendations for improvements.
• Educate employees on compensation and benefits programs, addressing inquiries and promoting understanding of total rewards.
• Collaborate with the payroll team to ensure accurate and timely processing of payroll, including adjustments based on compensation changes and incentives.
• Work closely with Total Reward Lead and HR business partners to align reward strategies with talent acquisition, performance management, and employee engagement initiatives.
• Ensure all compensation and benefits practices adhere to relevant labor laws and regulations.
• Calculate and manage accruals for various compensation-related expenses, such as end of service benefit, bonuses, commissions, and other variable pay.
• Calculate and administer end-of-service benefits for departing employees, ensuring compliance with legal and company policies.
• Support the salary reviews and bonus administration processes during the RPD cycle, including analyzing performance and market data to recommend adjustments in line with global guidelines while ensuring the consistent application of increases throughout the organization.
• Oversee local pension plan administration, including contributions, compliance, and communication to employees about their benefits.
• Work closely with People Service Team (PST) in consolidating audit related requirements and submitting to approved external audit provider.

Essential for the role

• Educated to degree level, with significant experience in delivering compensation practices within a large, complex multinational company
• Possess expert knowledge of compensation and benefits policies and have managed contracts with third-party suppliers.
• Demonstrate well-developed interpersonal skills, allowing me to engage, influence, and negotiate effectively with major stakeholders and internal clients.
• Experience with HRIS systems and possess strong analytical skills for interpreting data and making informed decisions, combined with a keen attention to detail and a high degree of accuracy in data management.
• 2-4 years of experience in compensation, benefits administration, or human resources

Desirable for the role

• Post Graduate Qualification in Reward   

Why AstraZeneca?

At AstraZeneca we’re dedicated to being a Great Place to Work. Where you are empowered to push the boundaries of science and unleash your entrepreneurial spirit. There’s no better place to make a difference to medicine, patients, and society. An inclusive culture that champions diversity and collaboration, and always committed to lifelong learning, growth, and development. We’re on an exciting journey to pioneer the future of healthcare.

So, what’s next?

• Are you already imagining yourself joining our team? Good, because we can’t wait to hear from you.
• Are you ready to bring new ideas and fresh thinking to the table? Brilliant! We have one seat available, and we hope it’s yours.

Where can I find out more?

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