COMPENSATION ANALYST

$53,900 - $64,900/Yr

The University of Alabama at Birmingham - Birmingham, AL

Full-time - Entry Level

Birmingham, AL

About the position

The Compensation Analyst is a vital member of the Human Resources Compensation team at the University of Alabama at Birmingham. This role is responsible for supporting the development and maintenance of the institution's compensation programs. The Compensation Analyst will conduct market research, perform data analysis, and assist with the implementation of compensation strategies aimed at attracting, retaining, and motivating top talent. The ideal candidate will possess a foundational understanding of compensation practices, market trends, salary survey methodologies, and related technologies. Success in this role requires effective collaboration with staff, faculty, leadership, and team members. Key responsibilities include assisting in the design, implementation, and maintenance of comprehensive compensation programs that align with institutional goals and market standards. The analyst will conduct market analysis and internal equity reviews to ensure competitive and fair compensation practices. Participation in salary surveys using market pricing systems is essential to maintain current market data for informed compensation decisions. The role also involves collaborating with academic and administrative departments to review and evaluate job descriptions, ensuring alignment with job structures and responsibilities. The Compensation Analyst will stay updated on compensation trends, regulatory changes, and best practices to recommend continuous improvements. Data analysis and reporting are critical components of the job, utilizing HRIS and other information systems to analyze large data sets, leveraging tools such as pivot tables to identify trends, gain insights, and develop reports and charts. Collaboration with staff, faculty, leadership, and team members is necessary to support effective compensation strategies. Additionally, the analyst will assist with special projects and analyses as requested to support the organization's compensation goals, performing other related duties as assigned to support the team and organization.

Responsibilities

• Assist in the design, implementation, and maintenance of comprehensive compensation programs.
• Conduct market analysis and internal equity reviews to ensure competitive and fair compensation practices.
• Participate in salary surveys using market pricing systems to maintain current market data for informed compensation decisions.
• Collaborate with academic and administrative departments to review and evaluate job descriptions.
• Stay updated on compensation trends, regulatory changes, and best practices to recommend continuous improvements.
• Use HRIS and other information systems to analyze large data sets and develop reports and charts.
• Work closely with staff, faculty, leadership, and team members to support effective compensation strategies.
• Assist with special projects and analyses as requested to support the organization's compensation goals.

Requirements

• Bachelor's degree in human resources, Business Administration, Finance, Information Technology, or a related field.
• At least one (1) year of relevant experience in compensation or a related area.

Nice-to-haves

• Strong analytical and data interpretation skills.
• Proficiency in spreadsheet software and data analysis tools.
• Excellent communication and interpersonal skills.
• Ability to work effectively in a team-oriented environment.
• Knowledge of compensation principles and labor market trends.
• Familiarity with HR processes and compliance requirements.