Compensation Analyst - HR Compensation

UTMB Health•Galveston, TX

About The Position

The Compensation Analyst provides specialized guidance and support for compensation-related operations. The role communicates and provides guidance on compensation services, initiatives, and programs to HR consultants and customers, and participates in managing daily compensation activities, including developing, implementing, and administering compensation policies, programs, and practices. The position evaluates jobs and compensation practices, conducts cost analyses, administers pay programs, supports market pricing tools and salary surveys, and contributes to compensation recommendations and projects. The individual must be readily available to travel for meetings and other work-related in-person activities as needed. The schedule is Monday through Friday, 8 a.m. to 5 p.m., with work as needed on occasion. Actual salary is commensurate with experience.

Requirements

Bachelor’s degree or equivalent in a related field.
Three years of Compensation or Human Resources experience.
Knowledge of relevant laws and statutes affecting employee compensation.
Analytical and problem-solving skills.
Strong oral and written communication skills.
Understanding of the customer’s business and current issues.
Ability to manage multiple projects and prioritize work.
Professionalism and teamwork.

Nice To Haves

Healthcare and/or executive compensation experience.
Expert functional user experience in at least one PeopleSoft 9.1 component; desired components include Core HR, Query, and ePerformance.

Responsibilities

Evaluate Classified and A&P jobs using Point Factor and Market Pricing methodology.
Analyze job descriptions for FLSA exemption status, internal equity, and external competitiveness against salary survey data.
Review salary ranges and maintain records on the validity of job evaluations.
Prepare cost analyses associated with pay adjustments or pay program initiatives.
Administer merit and short-term incentive programs.
Provide advice and guidance to department consultants regarding compensation initiatives.
Participate in the annual review of pay practices and external market data trends, and contribute to compensation recommendations in response to market changes.
Participate in salary surveys and support and maintain the Comp Analyst market pricing tool.
Assist in developing and implementing compensation programs.
Coordinate special projects and provide leadership in identifying and resolving compensation issues.
Adhere to internal controls and reporting structure.
Perform related duties as required.