Compensation Analyst

$74,000 - $74,000/Yr

The University of Texas System - Austin, TX

Full-time - Mid Level

Remote - Austin, TX

Educational Services

About the position

The Compensation Analyst at Dell Medical School plays a crucial role in providing guidance on compensation services and initiatives within the healthcare sector. This position involves managing daily compensation activities, including the development and administration of compensation policies and practices tailored to the healthcare industry and academic medical centers.

Responsibilities

• Evaluates healthcare specific classified and administrative & professional staff jobs using Point Factor and Market Pricing methodology.
• Analyzes job descriptions for FLSA exemption status, internal equity, and external competitiveness against salary surveys data.
• Reviews salary ranges and maintains records on the validity of the evaluations.
• Prepares cost analysis associated with pay adjustments or pay program initiatives.
• Administers merit and applicable incentive programs.
• Provides advice and guidance to HR department consultants regarding compensation initiatives.
• Participates in annual review of pay practices and trends of external market data and participates in development of compensation recommendations in response to market changes.
• Participates in salary surveys and supports and maintains Comp Analyst market pricing tool.
• Assists in the development and implementation of compensation programs, dashboards, and related reports.
• Coordinates special projects and supports leadership in identifying and resolving compensation issues.
• Adheres to internal controls and reporting structure.
• Other related duties as assigned.

Requirements

• Bachelor's Degree in business or related field.
• Three (3) years Compensation, Accounting, Financial Analysis, Human Resources, or Payroll Experience, at least one of which in the healthcare industry.
• SPHR and CCP certification.
• Professionalism.
• Teamwork.
• Knowledge of relevant laws/statues impacting employee compensation.
• Interpersonal, analytical, problem-solving, and critical thinking skills.
• Strong communication skills, both oral and written.
• Understanding of the customer's business and current issues.
• Organizational skills and ability to manage multiple projects and prioritize work.

Nice-to-haves

• Previous experience in a hospital, health system, academic medical center, or health-related industry.
• Expert functional user experience with Workday HCM.
• Intermediate Level of Proficiency in MS Word, Excel, Power Point, Visio and Access.
• Certified Compensation Analyst Certification (CCP) from WorldatWork.

Benefits

• Competitive salaries
• Full benefits
• Extensive support network
• Collaborative working community