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 is responsible for providing guidance on compensation services and initiatives within the healthcare industry. This role involves managing daily compensation activities, developing and implementing compensation policies, and ensuring compliance with internal controls. The analyst will evaluate job classifications, analyze salary data, and participate in compensation program development to support the school's HR functions.

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.

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.
• Knowledge of relevant laws/statues impacting employee compensation.
• Strong communication skills, both oral and written.

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

• Retirement plan through Teacher Retirement System of Texas (TRS).