Compensation Analyst 2
Company: Oak Ridge Associated Universities
Location: Oak Ridge
Posted on: April 16, 2024
Job Description:
Overview
APPOINTMENT TYPE: Full-Time Regular (FTR)
LOCATION: Oak Ridge, TN or Hybrid (Partial telework available)
SALARY RANGE: $69,867 to $97,192
* Telework: Partial telework is available (Working from home 3-4
days a week and in office 1-2 days a week). This position will be
required to work in the office in Oak Ridge, TN.
PURPOSE:
To perform a full scope of professional level compensation
activities. This includes assisting in the development and
administration of various compensation programs and activities.
Responsibilities
Job Analysis:
- Conduct analysis of submitted position questionnaires for
classification.
- Research and pull job descriptions and salary information from
various salary surveys.
- Apply job evaluation techniques to establish equitable
compensation rates within the organization as compared to market
rates.
Compensation Administration:
- Assist in the development, implementation, and administration
of the annual merit system.
- Perform compensation budget tracking.
- Perform market & promotion increase coordination.
- Conduct background internal and external equity research and
develop salary offers.
- Participate in Compensation pricing activities for Request for
Proposals (RFPs).
Compensation Increase Plan (CIP) for the Department of Energy (DOE)
and Oak Ridge Associated Universities (ORAU) Board:
- Create and evaluate Estimated Market Values (EMVs) for the CIP
proposal.
- Create organizational unit Compensation budgets.
- Track CIP allocations throughout the Compensation year.
- Update the salary structure.
- Prepares analysis, tables, and exhibits for salary proposals
and reports.
Variable Compensation:
- Administer the company's variable pay compensation programs in
accordance with established policies.
- Assist with the administration of the incentive compensation
programs.
Salary Surveys:
- Respond to a variety of compensation surveys.
- Perform analysis and summarization of compensation surveys, in
order to analyze the competitiveness of ORAU's salary programs
related to the market.
Compliance:
- Keep abreast of and ensure compliance with federal and state
labor laws, such as the Fair Labor Standards Act (FLSA) and the
Service Contract Act (SCA).
- Collect data about company's Compensation policies and analyze
them to prepare reports and advise managers for making important
decisions.
Performs compensation special projects or other duties as
assigned.
Qualifications
Bachelor's degree in human resources, business, scientific,
technical, education or related field and 3 to 5 years of
job-related experience. An equivalent combination of education and
experience performing duties as described may be substituted for
the minimum requirements.
- Ability to apply basic knowledge and quickly acquire more
in-depth knowledge to successfully complete assignments.
- Ability to research and analyze general data and information to
distill into focused and useful form.
- Ability to make recommendations to effectively resolve problems
or issues by using judgment that is consistent with standards,
practices, policies, procedures, and regulations.
- Ability to organize and prioritize work.
- Able to effectively manage a demanding workload.
- Flexibility and the ability to multi-task and move from one
task to another quickly are essential.
- Must have experience with Microsoft Office, to include Word,
Excel, PowerPoint, and Outlook; Oracle experience preferred.
- Preferred professional experience in compensation.
- Senior Professional in Human Resources (SPHR) or Certified
Compensation Professional (CCP)certification preferred.
- Knowledge of compensation, benefits, human resource information
systems, various HR-related regulations and laws, and government
compliance is preferred.
- Demonstrated excellent skills in verbal and written
communication, customer service, teamwork and prioritizing multiple
and competing tasks.
- The candidate's starting salary will be determined upon hire
and ORAU will use salary survey data, internal comparators, and the
candidate's qualifications to determine salary.
TOTAL REWARDS
ORAU has a strategic approach to providing total rewards to
employees through a fair, equitable, and competitive total
compensation package. The goal of our total rewards system is to
integrate compensation, benefits, work-life balance, performance,
recognition, development, and career opportunities to attract,
engage, and retain the talent required to achieve ORAU's business
objectives. The benefit component of our total rewards program
supports business goals by offering the following benefits based on
employee eligibility:
- Legally required benefits
- Group Health insurance including: Medical, Prescription,
Dental, and Vision
- Retirement plan contribution matching
- Disability insurance
- Group life insurance
- Travel Accident Insurance
- Section 125 reimbursement accounts
- Other voluntary employee paid benefit and insurance
offerings.
The ORAU total reward package also promotes work-life balance.
Mindful of the need for employees to care for themselves and their
families, ORAU offers the following additional work-life benefits
based on employee eligibility:
- Telework
- Paid Time Off (PTO)
- Paid Holidays
- Flexible work schedules or compressed work weeks
- Occupational Health and Wellness Programs
- Employee Assistance Program
Keywords: Oak Ridge Associated Universities, Knoxville , Compensation Analyst 2, Professions , Oak Ridge, Tennessee
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