University of Arkansas - Little Rock, AR
posted about 2 months ago
The Compensation Analyst at the University of Arkansas for Medical Sciences (UAMS) plays a crucial role in analyzing and evaluating the organization's compensation practices. This position involves conducting thorough analyses of jobs, hourly wages, salaries, and incentives to ensure internal equity, external competitiveness, and compliance with legal standards. The analyst will make informed recommendations regarding salary grades or market rates for specific positions, contributing to the overall effectiveness of the compensation strategy within the organization. In addition to salary analysis, the Compensation Analyst will assist in the development and administration of incentive programs, performance review processes, and merit-rating programs. This includes reviewing salary increases to ensure they align with organizational policies and budgetary constraints. The role also requires the analyst to develop and document procedures aimed at streamlining compensation processes, ensuring that PayFactors market data and job descriptions are consistently updated and accurate. The analyst will participate in market surveys, conduct FLSA and Appropriation analyses, and fulfill state-mandated reporting requirements. Providing analytical support to internal stakeholders is a key aspect of this role, as is evaluating job classifications and compensation in accordance with university pay practices and guidelines. The Compensation Analyst will also assist in creating new job classifications and provide recommendations based on business case reviews and Workday-related action items. Other duties may be assigned as necessary, making this a dynamic and impactful position within the UAMS team.