Compensation Analyst

Job Description
Department:
Human Resources
Pay Rate Type:
Salary
Employee Type:
Job Summary:Colby Human Resources is undergoing an exciting period of transformation. Work is underway to elevate and modernize our HR division to support the continuous growth and innovation of the College and create an irresistible work environment where our employees can do their best work and thrive. Building the capability and expertise within HR to ensure the College’s competitive position as it relates to staff compensation and total rewards now and in the future is essential.

We are seeking a Compensation Analyst to support the College’s staff compensation philosophy, methodology, market benchmarking as well as annual and on-going compensation processes. Reporting to the Director of Human Resources Operations and Transformation, this position will assist with numerous hands-on compensation projects, processes, and procedures. This individual will provide consultative and analytical assistance for department reorganizations, job reclassifications, pay-related decisions for new hires, promotions, market adjustments and internal equity reviews. This position collaborates with Human Resources Business Partners (HRBPs), managers, division and department leaders, to act as a strategic partner and advisor on all aspects of compensation. This role will conduct compensation reviews, submit data for a variety of industry salary surveys, evaluate reclassification requests and analyze new positions, including gathering job analysis information, reviewing external market data and internal comparisons, and recommending grade/range, title, and FLSA status. The incumbent will ensure internal equity and external competitiveness in recommendations and decisions. They will also conduct compensation studies, including, but not limited to, internal equity reviews, annual and ad-hoc surveys, market trend analysis, and develop recommendations based on findings.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES :

• Serve as a subject matter expert on compensation processes and related issues.

• Build and maintain strong partnerships across the College, including Human Resources Business Partners (HRBPs), executives, department heads and managers, to ensure the staff total rewards package is positioned to enable talent attraction, retention, and engagement.
• Apply compensation principles, best practices, and appropriate guidelines to collaborate on compensation issues, including promotions, pay adjustments, job classifications, retention, offers/counter offers, merit increases, incentives, and special pay.
• Provide guidance, analysis, insight, and research on market trends to ensure a competitive total rewards strategy designed to attract, retain and support new and existing talent.
• Create strategic plans to address compensation and retention issues.
• Proactively plan and implement solutions to ensure that Colby’s compensation policies and practices comply with state and federal laws and support the diversity, equity, inclusion, and belonging racism goals of the College.
• Advise on job description development, including job content, title and qualifications to ensure consistency across the university. Develop tools on writing job descriptions, including generic job descriptions, compensation resources and training programs to assist staff and managers.

• Conduct job evaluations to determine the appropriate job grade, title, FLSA status and compensation package, ensuring consistency across the College. This includes reviewing internal and external salary data, and benchmarking to similar positions at the College or among peers.
• Proactively consult with HRBPs and managers to identify positions that should be reviewed for job grade, title, FLSA status and compensation package.
• Partner with HRBPs, managers and functional experts to develop career progression guidelines and job descriptions.
• Stay up to date on current compensation-related legislation to ensure compliance with applicable employment-related federal and state statutory requirements regarding employee pay and independent contractor vs employee classification.
• Conduct exempt testing to determine appropriate FLSA status of new and updated positions.
• Conduct ad-hoc research and compensation modeling in support of project assignments including presentation of findings and recommendations.

• Coordinate budget related items with the Financial Services Department.
• Identify opportunities to collaborate with and provide support to the Provost’s office on compensation-related items for academic staff positions.
• Mentor and provide guidance, support, and coaching to people about compensation related items.
• Understand the Colleges mission and challenges, to assess when and where compensation strategies may assist in reaching these strategic goals.
• Work with payroll to seamlessly coordinate the transfer of compensation related data; perform one time, relocation, transition payments, and compensation updates in Workday.
• Maintain awareness of evolving compensation laws, regulations, best practices and recommend updates to policies and practices.
• Work with VPs and HRBPs to develop and finalize reorganization documentation, including job descriptions, salary recommendations, reorganization memos and staffing spreadsheets.

QUALIFICATIONS :

• Bachelor’s degree or the equivalent in education and experience.
• Broad based compensation experience with thorough competency in core total rewards items.
• Minimum of five years of progressively responsible professional compensation experience.
• Demonstrated ability to embrace change and lead change efforts.
• Knowledge of compensation regulations, policies, procedures, and best practices.
• Experience with developing strategic solutions to a broad range of classification, compensation and organizational design issues.
• Specific experience managing or overseeing an annual salary increase program, evaluating positions including FLSA classification, and utilizing market data to inform salary recommendations.
• Demonstrated ability to work collaboratively with client groups and other areas of human resources and complete multiple assignments on time.
• Strong knowledge base of classification and compensation theory, practices and guiding principles.
• Workday experience preferred but not required.
• Ability to apply critical thinking skills, excellent decision-making, problem-solving, and analytical skills.

WORKING CONDITIONS/PHYSICAL REQUIREMENTS :

Remote work is a consideration with understanding that periodic presence on campus will be necessary for various meetings and relationship building.

TO APPLY :

Interested candidates should apply electronically by clicking the "Apply" button on the Colby College website. A review of applications will begin immediately and will continue until the position is filled.

ABOUT COLBY COLLEGE:

Founded in 1813, Colby is one of America’s most selective colleges. Located in Waterville, Maine near the banks of the beautiful Kennebec River, Colby College is one of the nation’s top liberal arts colleges. Colby’s focus on innovative and leading-edge programs that complement the traditional liberal arts—in areas such as artificial intelligence, data science, genomics and computational biology, climate change and the environment, the arts and humanities, public policy, and performance studies, distinguish Colby from other schools of its size. Colby extends its reach, impact, and opportunities through external partnerships with globally recognized laboratories and medical facilities, arts organizations, and a wide array of business partners. The campus boasts beautiful new facilities including the Harold Alfond Athletics and Recreation Center, a best-in-class complex that has become a center for student activity; the Paul J. Schupf Art Center, a downtown community-based arts building; the forthcoming Gordon Center for Creative and Performing Arts, which includes a start-of-the-art performance hall, studios, screening rooms, and a grand community space (opening in 2023). The College recently established the Island Campus in mid-coast Maine after acquiring the Allen and Benner Islands, once owned by the Wyeth family, to offer Colby students unique and timely cross disciplinary research opportunities in a range of academic disciplines, including the marine sciences and the arts.

Over the last seven years applications for admission have more than tripled, making Colby one of the most sought-after colleges in the country. The College’s unyielding commitment to diversity and inclusion is evident in its rapidly changing student population. In recent years Colby has doubled both the number of enrolled Pell-eligible students and the number of enrolled students of color. Colby students, who come from throughout the U.S. and more than 70 countries, demonstrate unprecedented highs on every measure of academic achievement. Investments in financial aid (a 111 percent increase since 2014, to $58.6 million annually) and new programs are ensuring that all members of the community can thrive in this dynamic environment. Colby has raised $700 million toward its $750 million Dare Northward campaign goal, which was the largest campaign goal for a liberal arts college when it launched in 2017. Since 2014, the College’s net assets have doubled to more than $2 billion, its record of fundraising has moved to the very top tier of liberal arts colleges, and it has rapidly expanded its faculty and staff to allow for new areas of inquiry, scholarship, and teaching, and to support record enrollments.

Colby is a private, coeducational liberal arts college that admits students and makes employment decisions on the basis of the individual's qualifications to contribute to Colby's educational objectives and institutional needs. Colby College does not discriminate in its educational programs or employment on the basis of race, color, gender, sexual orientation, gender identity, disability, religion, national origin, age, marital status, genetic information, or military or veteran’s status. Colby is an equal opportunity employer and operates in accordance with federal and state laws regarding non-discrimination. Colby complies with Title IX, which prohibits discrimination on the basis of sex in an institution’s education programs and activities. Questions regarding Title IX may be referred to Colby’s Title IX coordinator or to the federal Office of Civil Rights. We encourage inquiries from candidates who will contribute to the diversity of our College, including its cultural and ethnic diversity.

For more information about the College, please visit our website: www.colby.edu .