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