Compensation Analyst
University of DenverAbout the role
The Human Resources & Inclusive Community division is responsible for developing and delivering a broad range of services in support of the Universitys mission, vision and strategies. HRIC is evolving from a traditional operational and service orientation into a highly effective strategic unit advancing the broader strategic initiatives of the University.
In support of this evolution, the University is seeking a Compensation Analyst who will be responsible for the day-to-day activities of the compensation program as it relates to the University's long-range vision and strategic compensation objectives. The compensation strategy and program will support the University's aim to attract, reward, and retain world-class faculty and staff talent.
Position Summary
This position is responsible for execution of the day-to-day activities of the compensation program. The Compensation Analyst is responsible for all market pricing activities to ensure internal equity, external competitiveness, while adhering to the Universitys over-arching compensation philosophy. Further, this role operates as a internal consultant, providing analytical expertise, guidance, and interpretation of compensation policies to managers and other University constituents. The Compensation Analyst participates in the project planning components relating to compensation program revision, development, and/or re-design.
Essential Functions
- Evaluates jobs, determines pay grades, and performs associated analysis. Ensures that requests for pay adjustments comply with current compensation policy.
- Effectively communicates with stakeholders regarding the results of analyses and provides consultation regarding compensation and talent management best practices.
- Participates and administers the annual salary planning review process, including merit system administration.
- Completes annual salary surveys and special compensation studies for purposes of maintaining the institutions competitive position within the market place.
- Updates and enforces university compensation policies including government wage and hour regulations and employee movement and waiver guidelines.
- Ensures job descriptions and org charts are accurate and complete when roles and/or structures change.
- Performs monthly audits to manage and maintain compensation data. Updates data to ensure accuracy and streamlines processes for effective administration of compensation programs. Partners with IT and HR to ensure employee data is accurate and meets all federal and state legal requirements
- Collaborates with the Director, Compensation on program design and implementation of new programs, processes, and efficiencies.
Knowledge, Skills, and Abilities
- Human Resources principles and best practices in compensation including job analysis/evaluation;
- Applicable Federal, State, and local rules, regulations and/or statutes;
- MS Office suite, including Excel for analysis of data (e.g. pivot tables, vlookups, etc.);
- Customer service principles
Skill in:
- Analyzing and interpreting policies, practices and procedures;
- Addressing difficult situations in a constructive manner;
- Utilizing computer technology used for communication, data gathering and reporting;
- Building presentations to communicate policies and programs;
- Negotiating and problem solving;
Ability to:
- Provide a consultative approach to internal partners and advise on compensation best practices as appropriate in individual situations;
- Be a quick learner who can work well independently;
- Have excellent attention to detail along with strong proofreading skills;
- Independently perform a wide range of complex duties under general direction;
- Handle sensitive and confidential matters and situations;
- Build rapport with employees and managers;
- Work with diverse populations, both internally and externally
Required Qualifications
- Bachelors Degree in a relevant field such as human resources, business administration or finance. Relevant experience may substitute for the degree requirement.
- 2-4 years of progressive experience in business administration or human resources.
Working Environment
- Standard Office Environment
- Noise level is quiet to moderate
- Some evening and weekend work hours
Physical Activities
- Ability to sit in front of a computer for an extended period of time.
- Occasionally required to move about the office/campus with the capability of transporting objects up to 20 lbs.
Work Schedule
Monday - Fr
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