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Compensation Specialist

December 09, 2022 2:42 PM | Anonymous member

Compensation Specialist - 501553

Compensation Specialist - 501553 (csod.com)

The University of Richmond seeks a Compensation Specialist, responsible for the administration of the University’s compensation programs for faculty and staff employees, including job evaluation, FLSA determination, maintenance of the job description database, and the annual merit increase process. This position works with the Compensation Manager to plans, develops and implements new programs and initiatives to maintain compensation competitiveness.

RESPONSIBILITIES:

Classification and Compensation System Implementation and Maintenance 100%

  • Performs job analysis to determine position classification and reclassifications according to University policies.
  • Provides guidance to HR Consulting Team to determine appropriate salary offers.
  • Provides compensation consulting expertise to HR Business Partners during organizational restructurings and other departmental changes.
  • Participates in various national salary surveys as well as job-family specific and ad-hoc salary surveys Conducts special studies of salary and pay administration studies.
  • Supports the annual salary increase process for staff to ensure sound fiscal allocation of resources. Provides consultation, analysis and modeling on annual wage and salary budgets.
  • Makes recommendations for salary structure changes on an annual basis to reflect appropriate market changes
  • Monitors the effectiveness of existing compensation policies, guidelines and procedures. Makes recommendations to HR Leaders for strategic plan changes.
  • Identifies sound and accurate metrics, which can improve existing HR pay practices. Conducts benchmarking and presents accurate staffing-related statistics.
  • Analyze competitive compensation and report findings and recommendations to senior management.
  • In consultation with HRIS Analysts, develops reports for management.
  • Supports special projects and other duties as assigned.

 QUALIFICATIONS:

  • Comprehensive understanding of compensation practices, programs, and plans
  • Thorough understanding of federal and state laws and regulations
  • Excellent analytical skills
  • Accuracy and attention to detail
  • Technical proficiency using a human resources information system and Microsoft Office Products
  • Demonstrated ability to maintain confidential information.
  • Demonstrates a high level of accuracy, even under pressure.

EDUCATION & EXPERIENCE: 

  • Bachelor's degree and 3-5 years relevant experience in compensation

WORK HOURS: (Hybrid schedule after orientation period)

  • Full-time, exempt position
  • Monday – Friday, 8:30 a.m. - 5:00 p.m.; 7.75 hrs./day; 38.75 hrs./week 

SALARY STRUCTURE:
Pay Grade 9 (Hiring Range $70,887.00 to $97,475.000 annually)

COVID-19:

The University of Richmond requires COVID-19 vaccinations for all students, faculty, and staff. The University allows exemptions to this requirement for religious, medical and strong personal conviction reasons. All newly hired employees must report their status within the first two weeks of employment.

ABOUT UR:

At the University of Richmond, we’re creative, inclusive, and determined. We’re Spiders, and our mission is to create positive change in the UR community and beyond. Located minutes from downtown Richmond, Virginia, the University of Richmond (www.richmond.edu) blends the intimacy of a small college with exceptional academic, research, and cultural opportunities usually found only at large institutions. There’s only one place like Richmond. 

We offer a generous benefits package, work-life balance, vacation, sick leave, and holiday time off, onsite gym and wellbeing center, employee appreciation events, and MUCH MORE!

UR is committed to developing a diverse faculty, staff and student body, and to modeling an inclusive campus community that values the expression of differences in ways that promote excellence in teaching, learning, personal development and institutional success. In keeping with this commitment, our academic community welcomes candidates from diverse backgrounds and candidates who support diversity. EOE 


(c) Richmond Compensation Association

Email: 

Address:

P.O. Box 5931 Midlothian, VA 23112

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