Reward Senior Specialist - Benchmarking

Entity: People, Culture & Communications Job Family Group: HR Group Job Description: We are a global energy business involved in every aspect of the energy system. We are working towards delivering light, heat and mobility to millions of people, every day. Our people want to play their part in solving the big, sophisticated challenges facing our world today and, guided by our bp values, are working to help meet the world’s need for more energy while lowering carbon emissions. In our offices at Pune, we work in customer service, finance, accounting, procurement. Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better – and how you can play your part in our outstanding team? Join our team, and develop your career in an encouraging, forward-thinking environment! Role: Reward Senior Specialist - Benchmarking” will support compensation and benefits market benchmarking studies to evaluate the competitiveness of bp's compensation & benefits programs from a country, regional and global perspectives. Assist in gathering, analysing, and interpreting market data to provide insights and recommendations that support bp's talent acquisition, retention, and engagement strategies. Key Accountabilities and Challanges: Assist in collecting and organizing external market data on compensation, benefits, and total rewards practices from various sources, including surveys, databases, and industry reports for both cyclical and project activities.  Conduct basic analysis of benchmarking data to identify trends and benchmarks relevant to our organization.  Support development of salary ranges for all countries as part of bp's cyclical processes  Support planning and execution of benchmarking studies to compare our 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 efforts, and tracking project milestones.  Qualification and Accountabilities: 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.