Compensation Analyst

Rochester Institute Of Technology - Rochester, NY

Full-time - Entry Level

Rochester, NY

Educational Services

About the position

The Compensation Analyst at Rochester Institute of Technology (RIT) plays a crucial role in providing guidance, coordination, training, and support to Human Resource Business Partners (HRBPs) and university leaders. This position is essential for ensuring the consistent application of compensation administration policies and procedures across the university. The analyst will report directly to the Assistant Director of Compensation and will be involved in various aspects of compensation management, including consultation, salary review, job evaluation, market studies, compliance, and data management. In the consultation role, the Compensation Analyst will provide counsel to HRBPs regarding the day-to-day implementation of compensation programs, policies, and procedures. This includes advising university leaders on the interpretation of rules and regulations that govern compensation, as well as providing insights on job evaluation results, market studies, and organizational changes. The analyst will also be responsible for recommending and reviewing proposed salary offers and off-cycle adjustments to ensure internal equity and adherence to established guidelines and practices. The analyst will assist in the planning, coordination, facilitation, and administration of the annual salary program for faculty and staff. This involves analyzing job evaluation requests to determine Fair Labor Standards Act (FLSA) classification and wage bands for staff positions, while maintaining comprehensive job evaluation documentation. Additionally, the Compensation Analyst will conduct research, benchmarking, and analysis of data for market and job studies, gathering data from various sources to prepare informed recommendations. They will also submit data to compensation surveys and perform analysis and reporting on survey results to ensure competitive compensation practices. Compliance is a key responsibility, as the analyst will ensure ongoing adherence to campus, local, state, and federal rules and regulations governing compensation. They will maintain and update compensation data, consulting with HRIS and HR Operations to ensure data integrity and recommend system enhancements. Furthermore, the analyst will participate in the design and delivery of compensation presentations and training programs to enhance understanding and application of compensation policies among HRBPs and university leaders.

Responsibilities

• Provides counsel to HRBPs in the day-to-day implementation of compensation programs, policies, and procedures.
• Consults and advises university leaders on interpretation of rules and regulations governing compensation, job evaluation results, market studies, and reorganizations.
• Recommends and reviews proposed salary offers and off-cycle adjustments for internal equity and conformance to established guidelines, policy, and practices.
• Assists in the planning, coordination, facilitation, and administration of the annual salary program for faculty and staff.
• Analyzes and reviews job evaluation requests to determine FLSA classification and wage band for staff positions.
• Conducts research, benchmarking, and analysis of data for market and job studies and reorganizations.
• Submits data to compensation surveys, performs analysis and reporting on survey results.
• Ensures ongoing compliance with campus, local, state, and federal rules and regulations governing compensation.
• Maintains and updates compensation data; consults with HRIS and HR Operations regarding data integrity and makes recommendations for system enhancements.
• Participates in the design and delivery of compensation presentations and training programs.

Requirements

• Bachelor's degree in related field.
• 1 year of experience in human resources, data analysis, business analysis, or other related field.
• Experience working with job architectures is strongly preferred.
• Knowledge of data organization and analysis best practices.
• Knowledge of enterprise wide systems.
• Skill in Excel with demonstrated ability to use functions such as pivot tables, vlookup, and nested formulas.
• Skill in data analysis and using data to drive decision making.
• Ability to work effectively in a team environment.
• Ability to make administrative and procedural decisions and judgments on sensitive, confidential issues.
• Ability to convince others to support a recommended course of action.
• Strong interpersonal and communications skills and the ability to work with a wide range of constituencies in a diverse community.
• Ability to communicate effectively both verbally and in writing.

Nice-to-haves

• Knowledge of job analysis and job evaluation principles, methods and procedures preferred.
• Knowledge of federal and state wage and salary laws and regulations preferred.
• Knowledge of compensation administration principles and procedures preferred.
• Skill in analytical visualization tools such as Tableau and Power BI.

Benefits

• Affordable medical/dental/vision benefits
• Paid vacation/sick time
• Retirement saving plan with exceptional employer match
• Tuition assistance for employees and their families