Reward Senior Specialist - Benchmarking

Overview

Support compensation and benefits market benchmarking studies to evaluate the competitiveness of bp's compensation and benefits programs from country, regional and global perspectives, and provide insights that support talent acquisition, retention and engagement strategies.

What you'll do

• Collect and organize external market data on compensation, benefits and total rewards practices from surveys, databases and industry reports for cyclical and project activities.
• Conduct basic analysis of benchmarking data to identify trends and benchmarks relevant to the organization.
• Support development of salary ranges for all countries as part of bp's cyclical processes.
• Support planning and execution of benchmarking studies comparing compensation and benefits practices against relevant market data and industry peers.
• Assist in maintaining benchmarking databases and tools to support ongoing analysis and reporting.
• Support preparation of reports, presentations and dashboards summarizing benchmarking findings, trends and recommendations.
• Maintain accurate documentation of benchmarking methodologies, data sources and analysis procedures to ensure data integrity and transparency.
• Provide administrative and logistical support for benchmarking projects, such as scheduling meetings, coordinating data collection and tracking project milestones.

What you'll need

• At least 2 years of experience in compensation, benefits, HR analytics or a related field, with a focus on market benchmarking and data analysis.
• Strong analytical skills with proficiency in Microsoft Excel, with familiarity with statistical analysis tools and techniques.
• Knowledge of survey design and data collection methods.
• Experience with benchmarking surveys, databases and tools such as Korn Ferry Hay, Aon, Mercer, Willis Towers Watson or similar platforms.
• Detail-oriented with a commitment to accuracy and data integrity.
• Excellent organizational and time management skills.
• Ability to work independently and collaboratively in a fast-paced, dynamic environment.
• Strong communication and interpersonal skills, with the ability to work collaboratively in a team environment.
• Ability to adapt to changing priorities and deadlines in a fast-paced environment.
• Proficient in English.
• Ability to manage diverse cultural settings.
• Must have flexibility in working across different time zones other than home country, as this is a global role.

Nice to have

• Bachelor's degree in Human Resources, Business Administration, Finance, Economics, or analytical background.

Details

• Location: Pune, India.
• Negligible travel expected.
• Eligible for relocation within country.
• Hybrid of office and remote working.