Compensation Analyst - Hybrid

Wellesley College • Wellesley, MA

6d • $79,000 - $91,000 • Hybrid

About The Position

The Compensation Analyst provides leadership and coordination in the development, implementation and administration of staff compensation programs. The role leads all processes and procedures related to the compensation program and is responsible for ensuring program compliance. This includes administering the annual merit process for the College’s staff (administrative and union). This role reviews current market data and internal equity for new and revised positions to determine appropriate classification and salary ranges. Partners with the Talent Management team to formulate offers for new hires and promotions.

Requirements

• Bachelor’s degree in human resources management or a related field or equivalent relevant experience
• 3 - 5 years related experience in compensation administration
• In-depth knowledge of compensation theory, principles, and practices
• Deep knowledge of compensation regulations such as FLSA, ADA, Wage and Hour
• Strong, analytical skills, attention to detail and deadlines and ability to multi-task
• Excellent interpersonal written and verbal communication skills
• Ability to build collaborative relationships and also to work independently
• Software skills: Word, Excel, experience with HCM system preferably Workday

Responsibilities

• Responsible for the daily administration of the compensation programs.
• Serves as the main contact for all inquiries related to administrative staff compensation.
• Oversees the budget and administration of semi-annual promotion cycle and annual equity review.
• Leads the annual merit salary increase programs through Workday for administrative staff.
• Responsible for participating in a variety of annual salary surveys as well as ad hoc surveys as needed.
• Monitor and analyze benchmark data (through Payfactors), trend information and economic projections to ensure the compensation strategy maintains a competitive market position.
• Develops queries, analyzes, interprets and reports salary and workforce data to meet Human Resources information needs.
• Reviews all salary transactions to ensure compliance with federal and state regulations including regulations governing exemption status and pay and independent contractor status.
• Collaborates with managers and staff in developing new or revised role documents.
• Reviews role documents to determine appropriate classification, exemption status and salary
• Track and implement increases according to the Union contracts.
• Manage increase process for IMASEU and Campus Police Association Union employees per contract provisions.
• Prepare survey data six months prior to union negotiations.
• Responsible for a variety of compensation related communications and trainings.
• Provides education on the total compensation programs through employee trainings, website updates and newsletter updates.
• Assists the Director of Total Rewards with preparation of Board materials.
• Responsible for the budget and administration of our Tuition Reimbursement and Tuition Grant and programs.
• Participates in special projects, both compensation related and broader Human Resources initiatives, as requested.

Benefits

• Competitive Compensation: Experience competitive wages ensuring your dedication is recognized and rewarded.
• Exceptional Benefits Package: Access a comprehensive benefits package, including health, dental, vision and pre-tax saving benefits, life insurance, disability coverage, and more to safeguard your health and that of your loved ones.
• Commuting and Transportation: Enjoy the convenience of free parking on our picturesque campus, easily accessible from major roadways. We are also accessible via the MBTA commuter rail.
• Paid Time Off: Take advantage of paid vacations, personal days, sick time, and holidays to recharge and maintain a healthy work-life harmony.
• Retirement Savings: Plan for the future with our retirement savings plan. Wellesley College contributes up to 10.5% towards your 403(b) plan for eligible employees
• Work/Life and Wellness: A hybrid work environment for select positions (additional details will be provided during the interview process), caregiving support through Wellthy, legal plan insurance, pet insurance discount and a variety of other resources including retirement planning, and access to cultural and leisure activities throughout metro-Boston.
• Professional Development: Enhance your skills and explore growth opportunities through continuing training and pathways for growth within our supportive environment.
• Tuition and Education Benefits: Invest in your education with tuition benefits, and access resources to navigate student loan forgiveness, reinforcing our commitment to your ongoing learning.
• Campus Privileges: Enjoy free use of our state-of-the-art athletic and fitness facilities with onsite fitness classes, Library resources, and seize opportunities to attend diverse campus events that contribute to a vibrant community.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 51-100 employees