Interim Compensation Analyst | 9-month FTC

Frazer Jones; Greater London; Hybrid; GBP 50,000 - 55,000; Full time

Job summary

Frazer Jones is recruiting an Interim Compensation Analyst in London on a 9-month fixed-term contract. The role is hybrid (3 days in the office) and focuses on job pricing, market benchmarking and global compensation analysis across an international organisation.

You will work with the Reward team, HRBPs and Talent Acquisition to inform compensation decisions, supporting gender pay gap reporting and pay transparency initiatives. Strong Excel and Power BI skills are essential.

Qualifications

• Hands-on experience in job pricing and market benchmarking.
• Practical knowledge of salary surveys (McLagan and/or WTW).
• Experience with job matching, salary benchmarking and pay range analysis.
• Background in Reward/Compensation or People Analytics in a highly analytical HR environment.
• Advanced Excel skills with large/complex datasets.
• Power BI or similar tools experience is advantageous.

Responsibilities

• Conduct job pricing for hires and promotions across countries.
• Benchmark roles using salary surveys to develop market-informed recommendations.
• Review job matches, career levels, salary ranges and internal pay alignment.
• Collaborate with HRBP, Talent Acquisition and hiring managers to define role scope and benchmarks.
• Support gender pay gap reporting and EU pay transparency data preparation and analysis.
• Maintain global compensation data, ranges and benchmark information.
• Assist annual and off-cycle compensation reviews including merit/incentive processes.
• Complete salary survey submissions and maintain market pricing data.
• Build analytical models using Excel, Power BI and other tools.
• Leverage automation/AI-enabled tools to improve compensation analysis and reporting.
• Provide compensation analyses to support mobility and retention decisions.

Skills

Job pricing

Market benchmarking

Data analysis

Excel (Advanced)

Power BI

Stakeholder communication

Tools

Power BI

Excel

Job description

Interim Compensation Analyst

London | Hybrid, 3 days in the office | 9-month FTC | £50,000-£55,000

Frazer Jones is partnering with a leading global financial services organisation to recruit an Interim Compensation Analyst for a 9-month fixed-term contract.

This is a hands-on analytical role with a strong focus on job pricing, market benchmarking and compensation analysis across an international organisation. You will work closely with the wider Reward team, HR Business Partners and Talent Acquisition to support consistent and well-informed compensation decisions.

Key responsibilities:

• Conduct job pricing for new hires and internal promotions across multiple countries.
• Use salary survey data, particularly McLagan and WTW, to benchmark roles and develop market-informed compensation recommendations.
• Review job matches, career levels, salary ranges and internal pay alignment.
• Partner with HR Business Partners, Talent Acquisition and hiring managers to understand role scope and identify appropriate market benchmarks.
• Support gender pay gap reporting and EU pay transparency initiatives, including data preparation, validation and analysis.
• Maintain global compensation data, salary ranges, survey benchmarks and job matching information.
• Support annual and off-cycle compensation reviews, including merit and incentive processes.
• Complete salary survey submissions and maintain accurate market pricing data.
• Build and maintain analytical models using Excel, Power BI and other analytical tools.
• Use automation and AI-enabled tools to improve compensation analysis, reporting and data validation.
• Provide additional compensation analysis to support mobility, retention and other pay-related decisions.

Experience Required:

We are looking for an experienced Reward or Compensation Analyst with:

• Strong hands-on experience in job pricing and market benchmarking.
• Good working knowledge and practical experience of McLagan and/or WTW salary surveys.
• Experience of job matching, salary benchmarking, career-level analysis and pay range analysis.
• Previous experience within Reward, Compensation, People Analytics or another highly analytical HR environment.
• Advanced Excel skills and confidence working with large and complex datasets.
• Experience with Power BI or similar analytical and reporting tools would be advantageous.
• Working knowledge of merit and incentive processes.
• Strong attention to detail and confidence working with sensitive compensation and workforce data.
• Excellent communication skills, with the ability to explain compensation analysis clearly to HR and business stakeholders.
• Financial services experience would be beneficial.