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Compensation Strategy Analyst

2 months ago

Birmingham, Alabama, United States UAB Full time

Compensation Analyst

Overview:

The Compensation Analyst plays a crucial role within the Human Resources Compensation team, focusing on the development and management of compensation initiatives. This position entails conducting comprehensive market research, performing detailed data analysis, and aiding in the execution of compensation strategies aimed at attracting, retaining, and motivating exceptional talent. The ideal candidate should possess a solid understanding of compensation methodologies, market dynamics, salary survey techniques, and relevant technologies. Success in this role hinges on effective collaboration with various stakeholders, including staff, faculty, and leadership.

Key Responsibilities:

· Development of Compensation Programs: Assist in the creation, execution, and upkeep of extensive compensation programs that align with institutional objectives and industry standards.

· Market Analysis and Equity Assessment: Conduct thorough market assessments and internal equity evaluations to ensure competitive and equitable compensation practices.

· Participation in Salary Surveys: Engage in salary surveys utilizing market pricing systems to maintain up-to-date market data for informed compensation decisions.

· Job Description Evaluation: Collaborate with various departments to assess and refine job descriptions, ensuring they align with job structures and responsibilities.

· Monitoring Compensation Trends and Compliance: Stay informed about compensation trends, regulatory updates, and best practices to recommend ongoing enhancements.

· Data Analysis and Reporting: Utilize HRIS and other information systems to analyze substantial data sets, employing tools such as pivot tables to identify trends, derive insights, and generate reports and visualizations.

· Collaborative Efforts: Work closely with colleagues, faculty, leadership, and team members to support effective compensation strategies.

· Special Projects: Assist with various projects and analyses as needed to support the organization's compensation objectives.

· Additional Responsibilities: Perform other related tasks as assigned to support the team and organization.

Salary Range: $53,900 - $64,900

Qualifications:

Minimum Requirements:

A Bachelor's degree in human resources, Business Administration, Finance, Information Technology, or a related field. A minimum of one (1) year of relevant experience in compensation or a related area. Work experience cannot substitute for the educational requirement.

Preferred Skills and Competencies:

·Strong analytical and data interpretation abilities.

·Proficiency in spreadsheet software and data analysis tools.

·Excellent communication and interpersonal skills.

·Ability to thrive in a team-oriented environment.

·Knowledge of compensation principles and labor market trends.

·Familiarity with HR processes and compliance requirements.

UAB is an Equal Opportunity/Affirmative Action Employer committed to fostering a diverse, equitable, and family-friendly environment in which all faculty and staff can excel and achieve work/life balance irrespective of race, national origin, age, genetic or family medical history, gender, faith, gender identity and expression as well as sexual orientation. UAB also encourages applications from individuals with disabilities and veterans.

Job Category: Human Resources

Employee Status: Regular

Shift: Day/1st Shift

Work Arrangement: Remote/Hybrid Eligible