Wood Mackenzie is the global data and analytics business for the renewables, energy, and natural resources industries. Enhanced by technology. Enriched by human intelligence. In an ever-changing world, companies and governments need reliable and actionable insight to lead the transition to a sustainable future. That’s why we cover the entire supply chain with unparalleled breadth and depth, backed by over 50 years’ experience. Our team of over 2,400 experts, operating across 30 global locations, are enabling customers’ decisions through real-time analytics, consultancy, events and thought leadership. Together, we deliver the insight they need to separate risk from opportunity and make confident decisions when it matters most.
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Wood Mackenzie Values
- Inclusive – we succeed together
- Trusting – we choose to trust each other
- Customer committed – we put customers at the heart of our decisions
- Future Focused – we accelerate change
- Curious – we turn knowledge into action
Role Purpose
The Senior Compensation Specialist will be responsible for the design, implementation and maintenance of Wood Mackenzie’s broad-based global compensation programs.
They will ensure that pay practices are fair, competitive and aligned with business goals, conducting market benchmarking and analysis, and providing regular insights and recommendations.
Main Responsibilities
- Develop, communicate and administer compensation plans, policies and programs.
- Analyse market salary data to determine competitive compensation positioning.
- Research best practice and industry trends to identify potential areas for improvement in the company's overall compensation strategy.
- Provide subject matter expertise and advisory to business leaders and wider HR team on all compensation processes and programs.
- Reviewing and evaluating job profiles to determine appropriate job levelling and salary positioning.
- Monitor local regulations related to pay practices and support the developments that may come from audits or studies of compensation policies, programs and practices.
- Conduct thorough review of high-inflation locations (e.g. LatAm), and make considered recommendations on approach.
- Work closely with the HRIS Workday team to support configuration of Workday Advanced Compensation functionality to optimise compensation administration and management.
- Act as the subject matter expert for Workday compensation elements and data integrity including compensation plans, job architecture, eligibility rules, compensation elements and other related configurations.
- Managing cyclical activities including merit and bonus, LTI, promotion cycle, etc.
- Research and prepare key analytics and insights for regulatory, audit and advisory purposes as needed.
- Identify key market segments impacted by high competition for talent, and recommend compensation approaches accordingly.
- Support review of Sales and Commission Incentive programs.
- Provide key inputs to Talent Acquisition on new hire compensation.
About You
- The candidate will have experience in international broad-based compensation including base pay, short-term incentive and LTI programs
- Experience of Sales Incentive and commission plans would be an advantage
- You will ideally have experience using Workday, particularly the Advanced Compensation module, including leading on annual bonus and merit reviews in Workday
- You will ideally have knowledge of integrating Workday Advanced Compensation with other modules within the Workday ecosystem, such as Performance Management and Talent Management, to ensure seamless data flow across different HR functions
- You will have strong analytical skills and be familiar with using salary benchmarking software and methodologies. Experience using Willis Towers Watson global survey methodology is advantageous
- Experience of complex geographies, across a number of global locations will be beneficial
- You will have a Degree/ Diploma in HRM or a related subject, and ideally have a relevant HR or Finance professional qualification, or relevant experience
- High proficiency in Microsoft Excel is required, as is the ability to present data and information clearly
- Candidates should be prepared to be able to effectively manage their own workload and prioritise appropriately
- Excellent analytical and modelling skills are essential to succeed in this position, as well as effective communication and presentation skills
Equal Opportunities
We are an equal opportunities employer. This means we are committed to recruiting the best people regardless of their race, colour, religion, age, sex, national origin, disability or protected veteran status. You can find out more about your rights under the law at www.eeoc.gov
If you are applying for a role and have a physical or mental disability, we will support you with your application or through the hiring process.
Top Skills
What We Do
In the middle of the energy transition, businesses and governments are faced with significant challenges. But the pace and scale of change mean every decision is made under mounting pressure. Now, more than ever, companies need reliable data, analytics and actionable insight.
Wood Mackenzie is the leading global provider of data and analytics solutions for the renewables, energy and natural resources sectors . Wood Mackenzie’s services include data, analytics, insight, events and consultancy. A trusted partner for over 50 years, Wood Mackenzie’s team has over 2,300 experts across more than 30 global locations who cover the entire supply chain. Wood Mackenzie’s data and analytics empowers energy producers, governments and financial institutions to be confident in their investment decisions in the face of rapidly evolving markets. Part of the Veritas group.
