Department:
Human Resources Administration
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CompensationPosition Title:
Compensation Analyst/Senior Compensation Analyst
Job Family Group:
Professional Staff
Job Description Summary:
The University of Kansas Medical Center is seeking an experienced Compensation professional to join our team! The job duties and level of responsibility will be determined by the candidate's qualifications and experience; highly experienced candidates may qualify to start at the Senior Compensation Analyst level.
This role will have job level-appropriate involvement in operational administration of all compensation programs within the organization, including participation in relevant salary surveys, benchmarking and wage analysis, labor market analysis, design, development, and implementation of job architecture and classification, creation and maintenance of job profiles, data analysis, and general compensation recommendations.
This position may be open to 100% remote work. Remote work arrangements outside of Kansas and Missouri require explicit approval from Human Resources and University leadership.
Required Application Materials:
• Cover Letter explaining your interest in the position
• Resume
Job Description:
Required Qualifications:
- Education: Bachelor’s degree in Business, Finance, or related field
- Work Experience: Minimum three (3) to five (5) years of experience administering compensation policy and plans. Senior level: minimum five (5) to seven (7) years advancing experience developing, implementing, and modifying compensation policy and plans
Preferred Qualifications:
Education/Certifications:
- Master’s degree Business, Finance, or related field
- Certified Compensation Professional (CCP)
- SHRM or PHR/SPHR
Work Experience:
- Minimum five (5) to seven (7) years compensation experience; senior level : seven (7) to ten (10) years is preferred
- Previous experience in academic or higher education setting
- Experience administering a compensation program in Workday
Skills:
- Spreadsheet proficiency with respect to interpreting, analyzing, and presenting data; senior level: advanced spreadsheet skills and proficiency with analytical and statistical tools and programs
- Knowledge of employment laws and regulations
- Knowledge in managing compensation processes through major HCM system; senior level: proficient skill level
- Strong problem-solving and strategic planning skills; senior level: advanced skills
Compensation Analyst Job Duties:
- Run and compile reports on a daily, weekly, and monthly basis
- Assist in the administration of compensation programs by collaborating with leadership and management across the organization
- Assist in administration of the annual salary review (Merit) process through Workday, including making recommendations to managers, leadership, and HR Business Partners
- Adhere to compensation practices and recommend changes that are cost-effective and consistent with compensation trends and organizational objectives
- Review promotions and compensation increases for internal equity within department and across the organization
- Administrate cyclical reviews of jobs in every organizational business unit to ensure comprehensive evaluation of necessary structure and respond to role changes
- Assist with national and local labor market analysis on a quarterly basis
- Collaborate with HR Business Partners and other HR colleagues to maintain a job description database/repository for each position in the organization. Monitor trends in academic and public sector industry to ensure positions are nationally benchmarked to appropriate paygrades
- Collaborate with managers and HR Business Partners to gather and document job, organizational, and occupational information including duties, responsibilities, and skills required by each job
- Evaluate jobs and their respective duties to determine classification, FLSA status and appropriate salary range in an effort to maintain consistency across the organization
- Benchmark jobs against survey data and other market intelligence to determine competitive compensation ranges for each position
- Communicate preferred methods and best practices for hiring, training, compensating, and evaluating employees
- Advise management on applicable state and federal employment regulations, compensation policies, human resource procedures, and collective agreements
- Research evolving practices and trends in compensation management and merit-based pay programs
Senior Compensation Analyst Job Duties:
Compensation Program Administration
- Analyze and implement compensation plans
- Design and maintain staff and faculty compensation structures, making recommendations to leadership
- Administer compensation programs for jointly employed faculty
- Build and maintain expert level proficiency with Workday Compensation
- Conduct appropriate compensation auditing and reporting
- Manage the annual salary review (Merit) process through Workday, including recommending guidelines on salary adjustments based on performance and market conditions
Salary Surveys and Wage Analysis
- Develop Workday reports for survey participation and determine appropriate benchmarking/scope
- Prepare salary survey data for upload into Workday
- Conduct market analysis for executive compensation
- Assist with national and local labor market analysis on a quarterly basis
Additional Responsibilities
- Administer structure of Job Family and Job Profile design in collaboration with HR Business Partners
- Review promotions and compensation increases for internal equity within department and across the organization
- Operationally administrate cyclical reviews of jobs in every organizational business unit to ensure comprehensive evaluation of necessary structure and respond to role changes
- Conduct detailed analyses necessary for aligning compensation with the changing organizational needs
- Communicate preferred methods and best practices for hiring, training, compensating, and evaluating employees
- Advise management on applicable state and federal employment regulations, compensation policies, human resource procedures, and collective agreements
- Research evolving practices and trends in compensation management and merit-based pay programs
Comprehensive Benefits Package:
Coverage begins on day one for health, dental, and vision insurance and includes health expense accounts with generous employer contributions if the employee participates in a qualifying health plan. Employer-paid life insurance, long-term disability insurance, and various additional voluntary insurance plans are available. Paid time off, including vacation and sick, begins accruing upon hire, plus nine paid holidays. One paid discretionary day is available after six months of employment, and paid time off for bereavement, jury duty, military service, and parental leave is available after 12 months of employment. A retirement program with a generous employer contribution and additional voluntary retirement programs (457 or 403b) are available. https://www.kumc.edu/human-resources/benefits.html
Employee Type:
Regular
Time Type:
Full time
Rate Type:
Salary
Compensation Statement:
The pay range listed for this position is determined by our compensation program using market data and salary benchmarking. A combination of factors is considered in making compensation decisions including, but not limited to, education, experience and training, qualifications relative to the requirements of the position, and funding. At the University of Kansas Medical Center, a reasonable estimate for the starting pay range will be the minimum to midpoint of the posted range, taking into account the combination of factors listed above.
Pay Range:
$75,000.00 - $115,000.00
Minimum
$75,000.00Midpoint
$95,000.00Maximum
$115,000.00Similar Positions
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