The Senior Reward Analyst supports the end-to-end delivery of reward and compensations processes and provides evidence-based compensation advice across Renishaw globally. Combining data analysis, market research and process management, the role helps translate complex and sensitive reward information into simple and practical guidance for stakeholders. The role works with colleagues within HR as well as across different functions globally, including management. The role offers an opportunity to work across varied reward activities that combine analysis, process delivery and stakeholder communication, during a particularly exciting time for Renishaw.
Key responsibilities
Own and manage our compensation data cycles, focusing on compensation survey participation, analysing outputs, tracking market trends and translating insights into reliable benchmark pay ranges.
Lead the delivery of pay reviews from cost estimates and pay position modelling, overall process planning and management through manager education and delivery in Workday.
Lead the delivery of bonus reviews when applicable, including cost estimate modelling, process planning, stakeholder coordination, manager education and delivery in Workday.
Lead the delivery of a bi-annual promotions and progression review, including cost estimate modelling, budgeting, project planning, manager education and delivery in Workday.
Maintain the job architecture and support governance of role data and pay structures. Additionally, audit and maintain pay ranges in Workday.
Complete job evaluation, role matching, grading and benchmarking activities.
Perform pay positioning and internal equity analysis, providing input to fair and consistent reward decisions.
Perform budget control and analysis, monitoring actual spend against approved budget and highlighting risks, gaps and required actions.
Produce ad hoc reward reporting and analytics, present clear insights and inputs for evidence-based business decisions.
Required qualifications, skills and experience
Previous experience in reward, compensation analysis, budget tracking or HR analytics is essential. Experience of at least two reward process cycles in a support or lead role is desirable.
Good knowledge and practical experience of reward and compensation practices, including pay transparency, pay equity as well as pay reviews, compensation benchmarking, job matching, evaluations (WTW methodology), bonus calculations.
Advanced Excel skills and confidence analysing compensation data accurately is essential, capability in PowerBI is desirable.
Advanced MS Office (especially PowerPoint) skills and the ability to present complex information effectively and clearly to different audiences.
Ability to project manage, plan and execute processes with limited guidance, using own judgement and previous experience to inform the process design.
Experience of using HRIS is essential, functional knowledge of the Workday compensation modules is desirable.
Confidence handling sensitive employee reward and compensation topics with sound judgement and discretion is essential.
Benefits
When you join Renishaw, we're committing to your future career. That's because we believe in developing our people's skills and promoting them internally. We also offer a benefits package that's highly desirable; including a 9% non-contributory pension, discretionary annual bonus, *subsidised onsite restaurants and *coffee shops, free parking, *car sharing scheme and *24 hour fitness centres. ( not available at all sites).
We also want to promote a healthy work-life balance as much as possible, so we have introduced a hybrid working policy which allows for a combination of home and office based working depending on the nature of your role. We also offer a variable working programme, 25 days holiday plus bank holidays, Life Assurance policy of 12 times annual salary, Cycle to Work scheme, enhanced maternity pay subject to qualifying criteria, Health Cash Plan, the option to join Renishaw Health Trust (Aviva) and an Employee Assistance Programme for employees and family.
Please click here for further information about our benefits.
At Renishaw we believe that our success is powered by welcoming a workforce of diverse and talented people. Through encouraging an inclusive culture, where all our employees are free to be themselves, we can achieve our core values: Innovation, Inspiration, Integrity, and Involvement.
If you are excited about the role but feel as though you don’t meet all the requirements, we would encourage you still to apply. You might just be the right person for this role or another opportunity at Renishaw.
We are committed to providing reasonable adjustments to make interviews and jobs more accessible. Should you have any difficulty during the recruitment process, or require any reasonable adjustments please contact the recruitment team on 01453 490384 or [email protected].
Please click here for further information about diversity and inclusion at Renishaw.
Employment Type:
PermanentTime Type:
Full timeRequisition Number:
R9973 Senior Reward Analyst (Open)Skills Required
- Previous experience in reward, compensation analysis, budget tracking, or HR analytics
- Experience with reward and compensation practices, including pay transparency, pay equity, pay reviews, benchmarking, job matching, job evaluation, and bonus calculations
- Advanced Microsoft Excel skills and accurate compensation data analysis
- Advanced Microsoft Office skills, especially PowerPoint, with the ability to present complex information clearly
- Ability to project manage, plan, and execute processes with limited guidance
- Experience using HRIS
- Ability to handle sensitive employee reward and compensation topics with sound judgment and discretion
- Experience supporting or leading at least two reward process cycles
- Capability in Power BI
- Functional knowledge of Workday compensation modules
- Practical experience with WTW job evaluation methodology
Renishaw Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Renishaw and has not been reviewed or approved by Renishaw.
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Retirement Support — The pension scheme includes a 9% employer contribution with salary‑sacrifice options, signaling strong long‑term savings support. Feedback suggests this materially strengthens total compensation in the UK.
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Healthcare Strength — Subsidized private medical cover, life assurance, and a 24/7 EAP—alongside options like a health cash plan and on‑site fitness centers—indicate comprehensive health and wellbeing support. These provisions contribute to a sense of strong healthcare coverage.
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Leave & Time Off Breadth — 25 days of annual leave with company days, long‑service accrual, and the option to buy additional leave point to generous time‑off provision. Hybrid and “variable working” arrangements further support work–life balance when roles allow.
Renishaw Insights
What We Do
Renishaw is one of the world's leading engineering and scientific technology companies, with expertise in precision measurement and healthcare. The company supplies products and services used in applications as diverse as jet engine and wind turbine manufacture, through to dentistry and brain surgery. It is also a world leader in the field of additive manufacturing (also referred to as 3D printing), where it designs and makes industrial machines which ‘print' parts from metal powder. The Renishaw Group currently has 80 offices in 36 countries, with over 5,000 employees, of which over 3,000 people are employed within the UK. The majority of the company's R&D and manufacturing is carried out in the UK and for the year ended June 2019, Renishaw achieved sales of £574 million of which 94% was due to exports. The company's largest markets are USA, China, Japan and Germany
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