Company: University of Arkansas, Fayetteville
The Compensation Analyst participates in the compensation and workforce planning initiatives at the University.
Detailed Job Description
The Compensation Analyst participates in the compensation and workforce planning initiatives at the University. This position:
- Analyzes data and relevant market trends, develops salary structures and market pricing recommendations.
- Participates in salary surveys and analyzes data from survey sources to determine competitiveness both internally and externally.
- Conducts analytical assignments involving the development, implementation, and administration of compensation programs.
- Conducts Human Resource analytics, data analysis and interpretation of trends to support proactive planning.
- Designs and prepares ad hoc compensation and budget related reports for management.
- Assists in preparation of the annual merit increase and incentive programs and budgeting.
- Enhances knowledge of market relativity through conducting wage surveys, job pricing and benchmarking, market analysis and analyzing internal data.
- Analyzes data and present to stakeholders digitally, in person, and in written forms.
- Responsible for administering and communicating the compensation strategy and philosophy to all stakeholders within the organization as part of
- Collaborates with others to determine needed staffing levels, compensation differentials, etc.
This position provides direct technical support in the administration of the University’s staff compensation policies and procedures; provides day-to-day advice, training, and support to HR staff and the University community, as appropriate, on compensation issues involving the interpretation and application of policies, guidelines, and procedures; provides expertise regarding wage and hour regulations.
Regular, dependable, and non-disruptive attendance is an essential job duty, as is the ability to create and maintain collegial, harmonious working relationships with others.
About the Company
Founded in 1871, the University of Arkansas is a land grant institution, classified by the Carnegie Foundation among the nation’s top 2 percent of universities with the highest level of research activity. The University of Arkansas works to advance Arkansas and build a better world through education, research and outreach by providing transformational opportunities and skills, promoting an inclusive and diverse culture and climate, and nurturing creativity, discovery and the spread of new ideas and innovations.
The University of Arkansas campus is located in Fayetteville, a welcoming community ranked as one of the best places to live in the U.S. The growing region surrounding Fayetteville is home to numerous Fortune 500 companies and one of the nation’s strongest economies. Northwest Arkansas is also quickly gaining a national reputation for its focus on the arts and overall quality of life.
- Bachelor's degree or the equivalent in Human Resources, Finance, Statistics, or a related field
- At least two years’ experience as a compensation professional or related field
Applicable equivalencies may be considered on the above qualifications.
- Excellent written and verbal communication skills
- Excellent organizational and time management skills
- Advanced Excel and analytical skills required
- Three to five years' experience as a Compensation Analyst
- Knowledge of the Fair Labor Standards Act
- SHRM, HRCI, or World at Work Certification preferred
Knowledge, Skills and Abilities:
- Proficient in MS Suite, with Advanced Excel skills
- Interpret and apply laws, policies and regulations; prepare and present information in a clear and concise manner
- Ability to compile and analyze data that can be used to create a data storyline
- Establish priorities and organize workload; plan, coordinate and implement special projects; work in a team environment to achieve organizational goals;
- Ability to take initiative without established guidelines and procedures using independent judgment. High degree of attention to detail
- Ability to independently research problem areas, lead meetings and decision-making processes
- Communicate effectively both verbally and in writing with people at all levels of the organization
- Demonstrative experience with collecting, analyzing, reporting and presenting data
- Maintain strict confidentiality; exercise tact and diplomacy when dealing with sensitive, complex and confidential information; display an attitude of cooperation and work harmoniously with all levels of University of Arkansas employees
As an employer, the University of Arkansas offers a vibrant work environment and a workplace culture that promotes a healthy work-life balance. The benefits package includes university contributions to health, dental, life and disability insurance, tuition waivers for employees and their families, 12 official holidays, immediate leave accrual, and a choice of retirement programs with university contributions ranging from 5 to 10% of employee salary.
Pre-employment Screening Requirements:
Criminal Background Check, Sex Offender Registry
The University of Arkansas is committed to providing a safe campus community. We conduct background checks for applicants being considered for employment. Background checks include a criminal background check and a sex offender registry check. For certain positions, there may also be a financial (credit) background check, a Motor Vehicle Registry (MVR) check, and/or drug screening. Required checks are identified in the position listing. A criminal conviction or arrest pending adjudication or adverse financial history information alone shall not disqualify an applicant in the absence of a relationship to the requirements of the position. Background check information will be used in a confidential, non-discriminatory manner consistent with state and federal law.
The University of Arkansas seeks to attract, develop and retain high quality faculty, staff and administrators that consistently display practices and behaviors to advance a culture and climate that embeds inclusion, diversity, equity, and access. For more information on diversity and inclusion on campus, please visit: Division of Diversity, Equity, and Inclusion (https://diversity.uark.edu/)
The University of Arkansas is an equal opportunity, affirmative action institution. The university welcomes applications without regard to race/color, sex, gender, pregnancy, age, national origin, disability, religion, marital or parental status, protected veteran or military status, genetic information, sexual orientation, gender identity or any other characteristic protected under applicable federal or state law.
Persons must have proof of legal authority to work in the United States on the first day of employment. All applicant information is subject to public disclosure under the Arkansas Freedom of Information Act.