Reward Analyst

TN United Kingdom; Watford; On-site; GBP 35,000 - 55,000; Full time

Job summary

Join a dynamic team at a leading off-price retailer as a Reward Analyst, where every day offers new opportunities for growth and achievement. This role is pivotal in supporting the development and administration of compensation and benefits policies across Europe. You will conduct market analysis, support salary structures, and ensure compliance with pay transparency directives. With a focus on collaboration and innovation, this position allows you to make a significant impact while working in a vibrant environment that values diversity and personal development. Be part of a future that excites and challenges you!

Qualifications

• Degree level education or equivalent experience in HR or related field.
• Proven experience in compensation and benefits management.

Responsibilities

• Conduct market reviews and benchmarking analysis for compensation.
• Support annual compensation programs and maintain job matrices.

Skills

Analytical Skills

Advanced Excel Skills

Numeracy and Statistics

Attention to Detail

Job Evaluation Knowledge

Initiative and Problem Solving

Ability to Work Under Pressure

Customer Service Orientation

Organizational Skills

Flexibility and Adaptability

Education

Degree Level or Equivalent Experience

Tools

Towers Watson Global Grading System

Job description

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At TJX Europe, every day brings new opportunities for growth, exploration, and achievement. You’ll be part of our vibrant team that embraces diversity, fosters collaboration, and prioritises your development. Whether you’re working in our Distribution Centers, Corporate Offices, or Retail Stores—TK Maxx & Homesense, you’ll find abundant opportunities to learn, thrive, and make an impact. Come join our TJX team—a Fortune 100 company and the world’s leading off-price retailer.

Job Description:

Position: Reward Analyst

Department: Human Resources

Reporting to: Manager of Reward

Job Summary

As a member of the European Reward team, the Reward Analyst supports the development, implementation, and administration of Compensation and Benefits policies and programs across Europe.

Key Responsibilities

• Conducts market reviews and benchmarking analysis by collecting relevant data from multiple sources
• Performs detailed data analysis, modelling, and evaluation exercise and prepares accurate reports to support compensation related decision making
• Supports the development of Salary Structures and Ranges and maintains the Country Job Matrices
• Supports the annual compensation programs, systems and processes across Europe, including, but not limited to, pay reviews, long- and short-term incentive plans and stock option administration
• Monitors and supports compliance with the European Pay Transparency Directive, keeping up to date with country specific reporting requirements and assisting in the development of transparency-related compensation processes
• Supports with the salary and benefits survey process, including representation at the regional surveys meetings and job matching sessions; submission and verification of the data, and results analysis using appropriate tools and software
• Conducts job evaluations using tools such as the Towers Watson Global Grading System
• Supports ad hoc projects and other Reward initiatives
• Supports the European benefits programmes
• Develops effective working relationship with HRBPs, the HR community, the business managers, global comp team, third party providers and competitive C&B contacts.
• Acts as a point of contact for Reward related queries, ensuring timely and accurate support to internal stakeholders.

Key Skills, Behaviours, Knowledge & Experience

• Degree Level or equivalent experience
• Proven experience in compensation and benefits required
• Another European language an advantage
• High level of numeracy and statistics
• Knowledge of job evaluation.
• Strong analytical skills
• Organised, accurate and with very strong focus on attention to detail
• Ability to use initiative, generating innovative ideas and providing effective solutions
• Able to respond quickly and effectively to customer needs
• Ability to work under pressure to tight deadlines
• Advanced Excel skills essential
• Ability to handle highly confidential data without prejudice
• Flexible and adaptable approach to meet changing business and work circumstances.

As proud as we are of our past success, it’s our future that excites us most. We strive to provide opportunities for growth, recognition and a competitive salary and benefits package. Share our determination to think bolder and bigger, and be part of our future. We consider all applicants for employment without regard to age, disability, gender, gender reassignment, marriage and civil partnerships, pregnancy and maternity, race, religion or belief and/or sexual orientation.