Compensation Analyst in Watford

Watford Full-Time 65000 - 70000 £ / year (est.) No working from home possible

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At a Glance

Tasks: Analyse compensation data and support annual reward cycles across 16 European countries.
Company: Frazer Jones partners with a global organisation undergoing significant transformation in its European operations.
Benefits: Enjoy private medical insurance, summer working hours, and a company shutdown over Christmas and New Year.
Other info: The position is based in Watford with hybrid working options.
Why this job: This role offers exposure to high-profile regulatory projects like the EU Pay Transparency Directive.
Qualifications: Candidates should have strong experience in compensation analytics and advanced Excel skills.

The predicted salary is between 65000 - 70000 £ per year.

Frazer Jones is delighted to be partnering with a global organisation currently undergoing a period of significant transformation across its European operations. With a large and diverse workforce spanning multiple countries, the business is evolving its operating model while continuing to invest in its strategic reward capability. This is a key hire into the European Total Reward team, offering an excellent opportunity for a technically strong Reward Analyst to step into a broader, multi‑country role.

Working closely with the Head of Total Reward, you’ll play a central part in supporting both BAU reward activity and high‑profile transformation projects – including regulatory initiatives such as the EU Pay Transparency Directive. The environment is dynamic, fast‑paced and evolving, with a strong emphasis on collaboration, adaptability and continuous improvement. This role offers a balance of analytical depth, project exposure and stakeholder engagement, with the chance to influence reward practices across 16 European countries.

Reporting into the Head of Total Reward, you will work as part of a lean European reward team, alongside a Reward Manager and two Analysts (Compensation and Benefits). You will play a key role in delivering data‑driven insights, supporting reward processes, and contributing to the ongoing development of compensation frameworks across the region.

Key responsibilities:

Analysing compensation and benefits data, providing clear insight to support decision‑making across the business
Developing and maintaining robust Excel models to support reporting, forecasting and reward analysis
Leading on job matching and benchmarking activities, ensuring alignment to market and internal frameworks
Supporting salary reviews and broader annual reward cycles, including modelling and data preparation
Managing and coordinating benchmarking submissions with external providers (e.g. WTW)
Monitoring market trends and providing updates and recommendations to stakeholders
Supporting key reward projects, including the EU Pay Transparency Directive and broader transformation initiatives

Experience and capabilities:

Demonstrable experience in compensation or reward analytics
Experience working across multiple geographies (beyond UK & Ireland)
Strong understanding of benchmarking, job matching and market analysis
Advanced Excel skills and confident data modelling capability (assessment as part of the process)
Experience supporting or delivering annual reward cycles
Ability to translate complex data into clear, practical insight for non‑specialist stakeholders
Strong stakeholder management and communication skills

Exposure and benefits:

A multi‑country European remit across 16 markets
Large‑scale organisational change and transformation programmes
High‑profile regulatory projects, including pay transparency
Close partnership with senior reward leadership

The role offers a salary of £65,000‑£70,000 with hybrid working (2–3 days per week in the Watford office). Benefits include private medical insurance, health assessments, travel insurance, summer working hours and company shutdown over Christmas and New Year (in addition to annual leave).