RISD
CompensationAnalyst
Neural analysis suggests this role is
optimal for Mid candidates.
“Compensation Analyst at RISD. Skills: compensation administration, job evaluations, market analysis, data analysis, Workday. Supports the development, implementation, and administration of compensation programs and policies.. Performs job evaluations and market analysis to establish competitive and equitable salary ranges.”
Industry & Context.
analytical and quantitative skills; demonstrated ability to complete market research; analyze data; build cost modeling tools; Identifies issues, collaborates with HRIS and relevant partners to develop potential solutions, tests, and implements resolutions as necessary.
What They're Looking For.
Must Have
Bachelor’s degree in Human Resources, Business Administration, Finance, or an equivalent combination of education and experience is required., 3 to 5 years of experience in compensation administration or Human Resources is required., analytical and quantitative skills, including the demonstrated ability to complete market research, analyze data, and build cost modeling tools, are required., Demonstrated understanding and knowledge of pay and pay equity legislation, including the Fair Labor Standards Act., Experience with Workday., attention to detail.
Nice to Have
Certified Compensation Professional (CCP) designation or progress towards certification is desirable., Experience with compensation analytic software is desirable., Proficiency in Microsoft Office, including intermediate to advanced experience with other data analysis tools is helpful., interpersonal and communication skills with the ability to handle sensitive information with professionalism and discretion.
What You'll Do.
Supports the development
and administration of compensation programs and policies.
Performs job evaluations and market analysis to establish competitive and equitable salary ranges.
Collaborates with the HRIS Manager to develop and maintain compensation-related structures and business processes.
Reviews job descriptions to ensure they accurately capture the essential functions and requirements to assign Fair Labor Standards Act (FLSA) classifications and salary grades.
Updates and maintains the job description library for all staff employee positions throughout the college.
Leads the staff job evaluation process.
Identifies and recommends potential areas of process improvement.
Creates and develops documentation
and materials to guide managers and HR Partners through the job evaluation process
providing relevant information on compensation-related legislation to promote informed decision-making.
Conducts market research and analyzes survey data to develop competitive and equitable compensation ranges for each position in alignment with RISD’s compensation philosophy and pay equity legislation.
Builds dashboards and reports to track compensation spending.
and analytically sound data summaries.
Manages the annual survey submission process.
Proactively identify gaps in survey data sources relevant to RISD’s positions and recommend additional data sources as appropriate.
Researches employee compensation in similar industries and recommends changes or updates to RISD’s existing compensation practices
Provides compensation support to meet contractual obligations outlined in collective bargaining agreements.
Manages union compensation processes and pay programs in Workday.
Supports employee bargaining unit negotiations as requested.
Maintains predictive models as needed throughout the bargaining process as needed.
Acts as the Compensation subject matter expert for Workday.
Reviews and approves Compensation transactions.
Partners with HRIS to develop and maintain business processes that drive operational efficiencies.
Audits compensation transactions and data to ensure data integrity.
collaborates with HRIS and relevant partners to develop potential solutions
and implements resolutions as necessary.
How You'll Work.
Team & Collaboration
In partnership with Talent Acquisition and Human Resources Partners, as well as department managers, the Compensation Analyst performs job evaluations and market analysis.; Builds and maintains consultative relationships with managers, HR partners, and Talent Acquisition Partners, providing timely and accurate interpretation and guidance regarding compensation policies, processes, practices, plans, legislation, and questions.; Partners with HRIS to develop and maintain business processes that drive operational efficiencies.; Identifies issues, collaborates with HRIS and relevant partners to develop potential solutions, tests, and implements resolutions as necessary.
Communication Scope
interpersonal and communication skills with the ability to handle sensitive information with professionalism and discretion.
Full Job Description
**JOB SUMMARY:** The Compensation Analyst supports the development, implementation, and administration of compensation programs and policies. In partnership with Talent Acquisition and Human Resources Partners, as well as department managers, the Compensation Analyst performs job evaluations and market analysis to establish competitive and equitable salary ranges in alignment with RISD’s compensation philosophy. The Compensation Analyst collaborates with the HRIS Manager to develop and maintain compensation-related structures and business processes. **ESSENTIAL FUNCTIONS/DUTIES:** * Builds and maintains consultative relationships with managers, HR partners, and Talent Acquisition Partners, providing timely and accurate interpretation and guidance regarding compensation policies, processes, practices, plans, legislation, and questions. * Reviews job descriptions to ensure they accurately capture the essential functions and requirements to assign Fair Labor Standards Act (FLSA) classifications and salary grades. Updates and maintains the job description library for all staff employee positions throughout the college. * Leads the staff job evaluation process. Identifies and recommends potential areas of process improvement. Creates and develops documentation, tools, and materials to guide managers and HR Partners through the job evaluation process, providing relevant information on compensation-related legislation to promote informed decision-making. * Conducts market research and analyzes survey data to develop competitive and equitable compensation ranges for each position in alignment with RISD’s compensation philosophy and pay equity legislation. * Builds dashboards and reports to track compensation spending. Creates clear, visually polished, and analytically sound data summaries. * Manages the annual survey submission process. Proactively identify gaps in survey data sources relevant to RISD’s positions and recommend additional data sources as appropriate. * Resea
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