Compensation Analyst

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    "ShortDescriptionStr": "The Compensation Analyst is responsible for supporting the design, analysis, and administration of compensation programs that align with organizational objectives and market trends. This role collaborates with HR and department leaders to ensure competitive, equitable, and compliant compensation practices across the organization for staff.",
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    "ExternalDescriptionStr": "<p><strong>About this Work Unit:</strong><br>The Division of People, Culture, and Belonging helps make Vanderbilt a place where great people can do great work. We design the programs, services, and experiences that support staff from the moment they join Vanderbilt through every stage of their career.<br>&nbsp;</p><p>Our work advances Vanderbilt’s vision to define and be the great university of the 21st century and make Vanderbilt a destination for top talent. Guided by our core values of belonging, self-direction, collaboration, growth, and a commitment to dare to grow, we build simple, data- and technology-driven solutions that help staff and the university thrive.<br>&nbsp;</p><p><strong>Key Functions and Expected Performance:</strong></p><p><br>•Stakeholder Collaboration &amp; Communication:<br>o Build and maintain strong relationships with PCB Campus Partners and Engagement Consultants to address compensation-related inquiries promptly, efficiently, and consistently.<br>o Develop and deliver clear and concise communications to customers that provide the appropriate context and level of details necessary support and explain compensation recommendations.<br>&nbsp;</p><p>• Job Analysis &amp; Evaluation:<br>o Conduct thorough job analyses to classify positions based on job content consistent with our job architecture design principals while maintaining and/or enhancing internal equity.<br>o Develop and utilize consistent hiring ranges for like positions balancing current market value with internal equity.<br>o Provide guidance on needed updates for existing or new roles.</p><p><br>•Compensation Program Administration and Documentation:<br>o Administer and monitor compensation programs to ensure alignment with organizational goals and compliance with local, state, and federal laws.<br>o Support policy and guideline interpretation for pay decisions and job evaluations.<br>o Collaborate on the creation, documentation and maintenance of compensation resources, including standard operating procedures (SOPs).</p><p><br>• Data Analysis &amp; Reporting:<br>o Prepare and analyze compensation data, ensuring accuracy and clarity in reporting.<br>o Partner with internal analytics teams to deliver reports that support compensation projects and decision-making.</p><p><br>• Market Research &amp; Survey Participation:<br>o Participate in salary surveys to benchmark roles against the external market.<br>o Analyze survey results and recommend adjustments to ensure competitive compensation practices.</p><p><br>• Compliance &amp; Auditing:<br>o Review and audit staff reports to ensure adherence to regulations and organizational policies.</p><p><br>• Process Optimization:<br>o Analyze existing processes and recommend enhancements to reduce cycle time, manual effort, and risk of errors.<br>&nbsp;</p><p><strong>Supervisory Relationships:</strong><br>This position does not have direct supervisory responsibilities and reports to the Compensation Manager.<br>&nbsp;</p><p><strong>Education and Certifications:</strong><br>• Bachelor’s degree in Human Resources, Business Administration, or a related field is necessary.<br>• Certification in Human Resources (e.g., PHR, SPHR) or Compensation (e.g., CCP) is preferred.<br>Experience and Skills:<br>• At least three years of professional experience in compensation, data analysis, or a related HR function is necessary.<br>• Proficiency with Microsoft Excel (e.g., pivot tables, XLOOKUP, data analysis functions) is strongly preferred.<br>• Experience with compensation-related systems and tools (e.g., HRIS/ERP platforms, market pricing tools, and survey participation) preferred.<br>• Strong analytical and problem-solving skills with attention to detail.<br>• Excellent verbal and written communication skills.<br>• Ability to handle sensitive information with discretion and professionalism.</p>",
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