Compensation Consultant

UR University of Richmond; United States; On-site; USD 73,000 - 122,000; Full time

Job summary

The University of Richmond is seeking a Compensation Consultant to analyze and administer the university's compensation program. You will partner with the Director of Compensation and HR stakeholders on job evaluation, market pricing, internal equity, and salary administration.

Key duties include conducting market analyses, supporting merit processes, and building analytics to inform HR leadership. A Bachelor's degree and 3–5 years in compensation are required; Workday experience is preferred.

Qualifications

• Bachelor's degree and 3-5 years of compensation experience or an equivalent combination.
• Comprehensive understanding of compensation practices, programs and plans.
• Thorough understanding of federal and state laws and regulations.
• Excellent analytical skills and proficiency with HRIS and MS Office.

Responsibilities

• Administers and maintains compensation programs in alignment with policy and market.
• Performs job analysis, classification, and FLSA determinations.
• Provides compensation guidance to HR partners on hires, promotions, transfers.
• Supports annual merit process and budgeting with stakeholders.

Skills

Analytical skills

HRIS proficiency

Microsoft Office proficiency

Confidential information handling

Education

Bachelor's degree

3-5 years compensation experience

Tools

Workday

Job description

POSITION SUMMARY

The Compensation Consultant provides compensation analysis, consultation and program support for the University’s compensation program. This position partners with the Director of Compensation and HR stakeholders to support job evaluation, market pricing, internal equity analysis, FLSA determinations, salary administration, compensation surveys, annual merit programs, and strategic compensation initiatives.

KEY JOB DUTIES/RESPONSIBILITIES

Partners with the Director of Compensation to administer, design, and maintain the University’s compensation and classification programs, ensuring alignment with compensation philosophy, market practices, internal equity, policies, and regulatory requirements. Performs job analysis and evaluation to determine appropriate classification, job level, salary range placement, and FLSA status within the University’s job framework. Provides guidance and recommendations on complex non-routine job evaluations and classification matters. Provides compensation consultation to Talent Acquisition, HR Business Partners, and organizational leaders on hiring, promotions, transfers, reorganizations, job leveling, and other compensation actions using market data, internal equity, and University pay policies. Partner with the Director to lead and develop compensation training as needed. Conducts market pricing, benchmarking, internal equity, compression, and compensation survey analyses to assess competitiveness, identify risks and trends, and develop recommendations for HR leadership; may provide guidance to junior analysts on day-to-day practices and compensation initiatives. Supports the annual salary and merit increase process, including administration, data validation, modeling, reporting, and compensation budgeting in partnership with HR, Finance, and Budget and Planning. In partnership with the Director, develops timeline, tools, and resources for key internal and external stakeholders to assist during the process. Monitors the effectiveness of existing compensation policies, programs and practices and makes recommendations for enhancements and continuous improvement as needed. Develops compensation metrics, analytics, and reporting and translates complex data into actionable insights and recommendations for HR and senior leadership. Identifies trends, patterns, and potential compensation risks and opportunities through data analysis. Partners with Workday Sustainment, HRIS, and HR Operations to maintain compensation data, reporting, system configuration, data integrity, and accurate processing of compensation transactions. Provides compensation subject-matter expertise and guidance to Human Resources staff on job evaluation, market analysis, salary administration, policies, and complex compensation matters. Partners with Budget and Planning and other stakeholders to support position control, compensation budgeting, and position management processes. Partners with the Director of Compensation on strategic compensation initiatives, including job architecture, salary structure analysis, pay equity reviews, policy development, special studies, and process improvements. May be assigned to independently lead complex projects, analyzes, or initiatives and present findings and recommendations to HR leadership and other stakeholders.

WORKING CONDITIONS / PHYSICAL EFFORT

Office environment

WORK HOURS

Full-time, exempt position Monday – Friday, 8:30 a.m. - 5:00 p.m.; 7.75 hrs./day; 38.75 hrs./week Hybrid work week after the first 90 days

QUALIFICATIONS

Comprehensive understanding of compensation practices, programs, and plans Thorough understanding of federal and state laws and regulations Excellent analytical skills 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

REQUIRED: Bachelor's degree and 3-5 years of relevant experience in compensation or a combination of education and experience from which comparable skills are acquired Preferred: Workday experience

SALARY STRUCTURE

Pay Grade 9 (Hiring Range $73,008 to $121,659 annually)

LOCATION

Located just minutes from downtown Richmond, Virginia, the University of Richmond blends the intimacy of a small college with exceptional academic, research, and cultural opportunities usually found only at large institutions. The mission of the University of Richmond is to educate in an academically challenging, intellectually vibrant, and collaborative community dedicated to the holistic development of students and the production of scholarly and creative work. A Richmond education prepares students for lives of purpose, thoughtful inquiry, and responsible leadership in a diverse world. Our strategic priorities are academic excellence, belonging and community, access and affordability, well‑being, and experiential learning and community engagement. These priorities, coupled with strong benefits, makes the University of Richmond an employer of choice in the Richmond area. UR is a private, highly selective, liberal arts university with a welcoming spirit that prizes diversity of experience and thought. With more than 60 undergraduate majors and an average undergraduate class size of 15 students, the University provides a collaborative learning and research environment unlike any other in higher education, offering students an extraordinary combination of the liberal arts with law, business, leadership studies, and continuing education. The University of Richmond ranks number 30 among the nation’s best liberal arts colleges by US News and World Report, one of many accolades that showcases Richmond as a premiere place to grow professionally and personally.