HR Cost & Workforce Analyst

Ferrero; City Of London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A global confectionery company in London is seeking an HR Cost and Workforce Analyst to manage salary and benefits planning. The ideal candidate will possess exceptional analytical and mathematical skills and the ability to work with complex datasets. Responsibilities include forecasting costs, conducting variance analysis, and preparing reports for leadership. A collaborative mindset and advanced proficiency in Excel are essential. This role offers an opportunity to influence strategic workforce decisions within the HR team.

Qualifications

• Exceptional analytical and mathematical skills; confident working with complex datasets, financial models, and cost simulations.
• Strong understanding of cost structures, budgeting, and workforce planning.
• Advanced proficiency in Excel, with working knowledge of SAP ECC, EVO, and payroll systems.
• A curious and collaborative mindset with the ability to influence and communicate effectively across HR, Finance, and business teams.
• Detail-oriented, proactive, and able to manage multiple priorities in a fast-paced environment.

Responsibilities

• Lead the setup and maintenance of the salary and benefits planning tool (EVO).
• Forecast and model headcount and compensation costs, including standard cost updates and budget scenarios.
• Provide analytical support during salary review cycles and collaborate with Reward on compensation evolution.
• Conduct monthly variance analysis on salary and benefits overheads costs using EVO and Payroll data.
• Prepare and deliver insightful reports for Finance and HR leadership.

Skills

Analytical skills

Mathematical skills

Understanding cost structures

Budgeting

Workforce planning

Proficiency in Excel

Knowledge of SAP ECC

Knowledge of payroll systems

Effective communication

Detail-oriented

Tools

Excel

SAP ECC

EVO

Payroll systems

Job description

Overview

Are you passionate about numbers, driven by data, and energized by the opportunity to influence strategic workforce decisions? We're looking for a HR Cost and Workforce Analyst to join our HR team and take ownership of general people costs including salary and benefits cost planning, analysis, and reporting. This role is ideal for someone with exceptional analytical and mathematical skills, a deep understanding of cost structures, and a proactive mindset for partnering with the broader HR Team as well as Finance stakeholders.

Responsibilities

• Lead the setup and maintenance of the salary and benefits planning tool (EVO).
• Forecast and model headcount and compensation costs, including standard cost updates and budget scenarios.
• Provide analytical support during salary review cycles and collaborate with Reward on compensation evolution.
• Conduct monthly variance analysis on salary and benefits overheads costs using EVO and Payroll data.
• Monitor and reconcile other overhead costs in SAP ECC and Excel, ensuring accuracy and completeness.
• Ensure actual costs are correctly registered and aligned with financial projections and forecasts.
• Act as the go-to expert for Centres of Expertise on cost management and workforce financials.
• Evaluate and validate cost implications of additional headcount requests.
• Collaborate with Organization & Improvement teams and other stakeholders to consolidate and interpret cost data across functions.
• Prepare and deliver insightful reports for Finance and HR leadership, including recharges, salary costs trends, and cost center breakdowns.
• Ensure coherence and consistency across all reporting outputs, leveraging EVO dashboards and Excel.
• Respond to ad hoc data requests with speed, accuracy, and strategic insight.
• Lead or support cross-functional projects related to workforce cost optimization and analytics.
• Monitor and report on project-related costs, ensuring alignment with budget and business goals.

Qualifications & Skills

• Exceptional analytical and mathematical skills; confident working with complex datasets, financial models, and cost simulations.
• Strong understanding of cost structures, budgeting, and workforce planning.
• Advanced proficiency in Excel, with working knowledge of SAP ECC, EVO, and payroll systems.
• A curious and collaborative mindset with the ability to influence and communicate effectively across HR, Finance, and business teams.
• Detail-oriented, proactive, and able to manage multiple priorities in a fast-paced environment.

About Ferrero

Ferrero is a family-owned company with a progressive and global outlook and iconic brands such as Nutella, Tic Tac, Ferrero Rocher, Raffaello, Kinder Bueno and Kinder Surprise. Represented in more than 50 countries, with products sold in more than 170, the Ferrero Group is loved by generations around the world. The secret to our global success? 40,000 dedicated employees who celebrate care and quality to craft a business, careers and brands we are proud of.

Ferrero is committed to building a diverse and inclusive culture in which all employees feel welcomed and appreciated and have the same opportunities. We believe all of our people are equally talented in their own way. In nurturing the curiosity and natural abilities of our employees, we provide them the means to succeed personally and professionally, enabling them to craft their journey at Ferrero. The diversity of our talents is what makes our work environment multicultural, innovative and highly rewarding.

Consumers, quality and care are at the heart of everything we do. To be successful at Ferrero, you’ll need to be consumer and product centric as we are – dedicated to crafting brilliant results for consumers around the world.