Compensation Consultant

University of Richmond; Virginia (MN); Hybrid; USD 73,000 - 122,000; Full time

Benefits offered by this job

Hybrid work arrangement

Job summary

University of Richmond seeks a Compensation Consultant to provide analysis, consultation, and program support for the university's compensation program. You will partner with the Director of Compensation and HR stakeholders on job evaluation, market pricing, internal equity analysis, FLSA determinations, salary administration, surveys, merit programs, and strategic compensation initiatives.

You will work across Talent Acquisition, HRBPs, and leadership to ensure competitive compensation

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.

Responsibilities

• Partners with the Director of Compensation to administer, design, and maintain compensation programs.
• Performs job analysis and evaluation to determine classification, level, salary range, and FLSA status.
• Provides compensation consultation on hiring, promotions, and reorganizations using market data and pay policies.
• Conducts market pricing, internal equity, and survey analyses to assess competitiveness and risks.
• Supports annual salary and merit increase processes with budgeting and reporting.
• Monitors effectiveness of policies and recommends improvements.
• Develops compensation metrics and reports for leadership insights.
• Coordinates with Workday Sustainment and HRIS to maintain data and processing of transactions.
• Provides subject-matter guidance on job evaluation and salary administration.

Skills

Analytical skills

Confidential information handling

Attention to detail

Education

Bachelor's degree in related field

Tools

HRIS

Microsoft Office

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, analyses, 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)