Job Standard for Compensation Analyst
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- The Purpose, Scope, Qualifications and Job Functions are specific to this job title and can not be edited.
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- This standard will be used as the new Job Description for the prospective employee.
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Compensation Analyst Overview
- Work Type: Professional
- Job Code: 75239
- Pay Grade: P6
- FLSA Status: Exempt
- Career Level: Intermediate
- Family: Human Resources
- Function: Compensation
To efficiently administer the foundational components of compensation and assist in the strategic design and analysis to support a proactive compensation philosophy that supports the overall People strategy of the University. Ultimately to help ensure that employees feel the freedom to pursue a purpose driven career.
Fully competent and productive professional contributor who applies acquired job skills, policies, and procedures to complete substantive assignments/projects/tasks of moderate scope and complexity. Works independently with general supervision; exercises judgment within defined guidelines and practices to determine appropriate action. May provide guidance and assistance to entry level professionals and/or support employees.
Bachelor’s Degree or equivalent and 2 years relevant professional experience.
Knowledge, Skills and Abilities
- Proficient in computerized office applications, with excellent database and spreadsheet skills
- Interpret and apply laws, policies and regulations; prepare and present information in a clear and concise manner
- Ability to compile and analyze data that can be used to create a data storyline.
- Establish priorities and organize workload; plan, coordinate and implement special projects; work in a team environment to achieve organizational goals;
- Ability to take initiative without established guidelines and procedures using independent judgment. High degree of attention to detail.
- Ability to independently research problem areas, facilitate meetings and decision-making processes.
- Communicate effectively both verbally and in writing with people at all levels of the organization. Demonstrative experience with collecting, analyzing, reporting and presenting data.
- Experience applying analytical methods to business problems, driving improved decision making and outcomes.
- Maintain strict confidentiality; exercise tact and diplomacy when dealing with sensitive, complex and confidential information; display an attitude of cooperation and work harmoniously with all levels of Boise State University employees.
60 % of Time Compensation Analyst will:
- Participate in salary surveys, and analyze data from survey sources to determine competitiveness both internally and externally.
- Carries out analytical assignments involving the development, implementation and administration of compensation programs.
- Conduct Human Resource analytics, data analysis and interpretation of trends to support proactive planning.
- Design and prepare ad hoc compensation and budget related reports for management.
- Assist in preparation of the annual merit increase and incentive programs and budgeting.
- Analyze data and relevant market trends, develop salary structures and market pricing recommendations.
- Evaluate job positions to determine classification, exempt and nonexempt and salary of job positions in order to reward appropriately and fairly across campus.
- Enhance knowledge of market relativity through conducting wage surveys, job pricing and benchmarking, market analysis and analyzing internal data.
- Analyze data and present to stakeholders digitally, in person, and in written forms.
- Responsible for compensation survey software, monitor for discrepancies and updates needed to align with market changes.
- Responsible for administering and communicating the compensation strategy and philosophy to all stakeholders within the organization as part of
35% of Time the Compensation Analyst
Determined by department needs
5% of Time the Compensation Analyst
Perform other duties as assigned
Work Environment and Physical Demands
Some positions may involve frequent bending, moving, lifting, and carrying material weighing up to 50 pounds; some positions may involve moving, lifting, and carrying material weighing up to 70 pounds; standing up to eight hours each day; working in all weather conditions; exposure to high noise levels and require wearing hearing protection.
Travel not required
Additional training/education or equivalent experience, as well as business need, are required for movement into higher level jobs.
Incumbent must perform the essential duties and responsibilities with or without reasonable accommodation. The above statements are intended to describe the general nature and level of work. Final employment offers are contingent upon a Final Candidate’s successful completion of a Background Verification, and a determination by the University that the information derived from the Background Verification does not disqualify the individual. In addition, a Financial History Check and Motor Vehicle Record (MVR) Check may be required.