Compensation Analyst

TDA HR; Greater London; Hybrid; GBP 65,000 - 70,000; Full time

Job summary

A prestigious global financial services firm is seeking a passionate Compensation Analyst to join their Reward team. This entry-level position involves advising on compensation transactions, conducting market analysis, and supporting annual pay reviews. The ideal candidate will have strong analytical skills and experience with Microsoft Excel, including advanced functions. You will play a crucial role in ensuring competitive compensation packages while collaborating with various HR functions. This role offers an exciting opportunity to contribute to talent attraction and retention strategies in a dynamic environment.

Qualifications

• Prior experience in a Reward Function and understanding of compensation principles.
• Experience supporting annual pay reviews in complex organizations.

Responsibilities

• Advise HR on compensation transactions and manage benchmarking.
• Administer annual pay review processes and provide analytical support.

Skills

Analytical Skills

Compensation Principles

Microsoft Excel

Problem Solving

Attention to Detail

Communication Skills

Time Management

Education

Degree in Human Resources or related field

Tools

PowerBI

Power Query

Job description

Our client, a prestigious global financial services firm, is looking for a bright and passionate Compensation Analyst to join their team.

As a key member of the Reward team, the Compensation Analyst will be responsible for supporting the team and HR department on developing and administering compensation initiatives that support talent attraction, retention and engagement.

Key Responsibilities:

• Advising HR Business Partners on day-to-day compensation transactions, including promotions and ad-hoc pay increases, in line with established processes

• Owning the compensation benchmarking and market analysis to ensure compensation packages are competitive against the external market, and internally equitable.

• Recommending compensation packages for recruitment activity, adhering to the framework and operational principles in place.

• Maintaining the job library and all associated data stored in the HR systems, ensuring robust data quality

• Administering the annual pay review process, managing merit increases, promotions and short and long term incentive schemes.

• Providing analytical and reporting support for annual projects such as gender pay gap reporting, performance management processes and pay transparency activities, as well as ad-hoc compensation and HR projects, tools and initiatives.

• Managing the shared team mailbox, responding to a broad range of queries covering all elements of compensation.

• Developing strong working relationships with HR Business Partners, Operations, Payroll & Reward Team to work effectively and collaboratively together as a HR function, on all compensation related matters

Skills and Experience:

• Prior experience working within a Reward Function, with a good understanding of reward and compensation principles.

• Experience supporting the annual pay review in a large and complex organisation structure (preferably operating in multiple locations)

• Benchmarking and job evaluation experience, including ideally an understanding of the Willis Towers Watson global grading methodology

• An individual who is analytical, numerate and results focused

• Ability to work flexibly and able to navigate a fast paced and client focused working environment

• Knowledge of working with a variety of systems and the ability to apply problem solving skills to large and complex data sets from a variety of sources are essential

• Advanced user of Microsoft Office, especially Excel. Experience using vlookups, index matching, Pivot tables, IF/SUM formulae and familiarity with manipulating multiple data sets

• Experience with PowerBI and Power Query desirable

• The ability to present data, trends and issues persuasively, graphically or in writing

• Strong problem solving skills that can be applied to large and complex data sets from a variety of sources

• Exceptional attention to detail

• Communicates clearly and effectively across all levels of management

• Strong time management and organisation skills are essential, with an ability to manage multiple tasks effectively at any one time.

This role is based in the City and requires 3 days per week in the office.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Human Resources

• Industries

  Insurance and Financial Services

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