Compensation Analyst - HR Compensation

University of Texas Medical Branch (UTMB)•Galveston, TX

About The Position

Provides specialized guidance and support for compensation-related operations, communicating and providing guidance on compensation services, initiatives, and programs to HR consultants and customers. Participates in managing daily compensation activities, including the development, implementation, and administration of compensation policies, programs, and practices. The role evaluates jobs, analyzes job descriptions and pay practices, supports compensation programs, and provides advice to department consultants. The individual must be readily available to travel for meetings and other work-related in-person activities as needed. The stated schedule is Monday through Friday, 8 a.m. to 5 p.m., with additional availability 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.
Teamwork.

Nice To Haves

Healthcare and/or executive compensation experience.
Expert functional user experience in one of the following PeopleSoft 9.1 components: Core HR, Query, or 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 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 annual reviews of pay practices and external market data trends, and help develop 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 the reporting structure.
Perform related duties as required.