Compensation Analyst 1 (H)

University of Miami•Coral Gables, FL

20h

About The Position

The Compensation Analyst 1 serves as an internal consultant and performs a variety of compensation activities in order to ensure that compensation programs are equitable and competitive enterprise-wide. This role assists with the development of pay structures for the organization based on information collected from within and outside the organization. Key responsibilities include the evaluation and analysis of salary data, job descriptions, salary surveys and organization/department internal equity. This role also works collaboratively with other Human Resources areas (i.e., Recruitment, Client Services etc.) and serves as a subject matter expert regarding compensation related concerns.

Requirements

Associate’s Degree in relevant field
Minimum 2 years of relevant experience
Ability to exercise sound judgment in making critical decisions.
Skill in completing assignments accurately and with attention to detail.
Ability to analyze, organize and prioritize work under pressure while meeting deadlines.
Ability to work independently and/or in a collaborative environment.
Ability to communicate effectively in both oral and written form.
Ability to maintain effective interpersonal relationships.
Proficiency in computer software (i.e. Microsoft Office)

Responsibilities

Evaluates new and existing jobs to determine the value of a position based on the responsibilities of the employee and ensures appropriate classification. Modifies and creates new job descriptions that accurately reflect current roles, responsibilities and requirements. Configures pay grades and evaluates new employee titles and ongoing reclassification.
Surveys the existing pay practices in the organization; collects data from other organizations to establish whether employees are being paid reasonably.
Reviews current and predicts future compensation trends to assist the organization in making prudent decisions.
Creates and applies employee incentive plans and retention bonuses in order to maintain and attract top talent.
Conducts reviews of salary offer requests in order to ensure competitiveness, internal equity and overall affordability.
Reviews reorganization requests, including both job audit and evaluation. Documents job-specific findings and recommendations to contribute to a comprehensive project report.
Prepares reports, spreadsheets and executive summaries on findings and handles administrative steps to formalize recommendations. Communicates with stakeholders regarding the result of compensation work.
Handles basic-level Compensation projects and initiatives, with regular guidance from department leadership.
Updates and ensures the maintenance of the market survey tool and information contained within. Forwards salary survey information to appropriate vendors in a timely manner.
Adheres to University and unit-level policies and procedures and safeguards University assets.