University Of Richmond

Compensation Consultant

University Of Richmond$73K — $121K *
Education, Government & Non-Profit
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Comprehensive understanding of compensation practices, programs, and plans
  • Thorough understanding of federal and state laws and regulations
  • Excellent analytical skills
  • Technical proficiency using a human resources information system and Microsoft Office Products
  • Demonstrated ability to maintain confidential information
  • High level of accuracy under pressure

Responsibilities

  • Administer, design, and maintain the University's compensation and classification programs in alignment with organizational policies
  • Perform job analysis and evaluations for proper classification, salary range placement, and FLSA status
  • Consult with Talent Acquisition and HR on compensation matters such as hiring and promotions using market data
  • Conduct market pricing and compensation analyses to assess and enhance competitive positioning
  • Support annual merit increase processes with data validation and reporting
  • Monitor and recommend improvements for existing compensation policies and practices
  • Develop compensation metrics and analyze data to identify trends and inform leadership

Benefits

  • Hybrid work week available after the first 90 days
  • Full-time, exempt position with standard office working hours
  • Opportunities for professional development and training in compensation practices
Full Job Description
Job Description

Please submit a cover letter and resume

POSITION SUMMARY: The Compensation Consultant provides compensation analysis, consultation and program support for the University's compensation program. This position partners with the Director of Compensation and HR stakeholders to support job evaluation, market pricing, internal equity analysis, FLSA determinations, salary administration, compensation surveys, annual merit programs, and strategic compensation initiatives.

KEY JOB DUTIES/RESPONSIBILITIES:
  • Partners with the Director of Compensation to administer, design, and maintain the University's compensation and classification programs, ensuring alignment with compensation philosophy, market practices, internal equity, policies, and regulatory requirements.
  • Performs job analysis and evaluation to determine appropriate classification, job level, salary range placement, and FLSA status within the University's job framework. Provides guidance and recommendations on complex non-routine job evaluations and classification matters.
  • Provides compensation consultation to Talent Acquisition, HR Business Partners, and organizational leaders on hiring, promotions, transfers, reorganizations, job leveling, and other compensation actions using market data, internal equity, and University pay policies. Partner with the Director to lead and develop compensation training as needed.
  • Conducts market pricing, benchmarking, internal equity, compression, and compensation survey analyses to assess competitiveness, identify risks and trends, and develop recommendations for HR leadership; may provide guidance to junior analysts on day-to-day practices and compensation initiatives.
  • Supports the annual salary and merit increase process, including administration, data validation, modeling, reporting, and compensation budgeting in partnership with HR, Finance, and Budget and Planning. In partnership with the Director, develops timeline, tools, and resources for key internal and external stakeholders to assist during the process.
  • Monitors the effectiveness of existing compensation policies, programs, and practices and makes recommendations for enhancements and continuous improvement as needed.
  • Develops compensation metrics, analytics, and reporting and translates complex data into actionable insights and recommendations for HR and senior leadership. Identifies trends, patterns, and potential compensation risks and opportunities through data analysis.
  • Partners with Workday Sustainment, HRIS, and HR Operations to maintain compensation data, reporting, system configuration, data integrity, and accurate processing of compensation transactions.
  • Provides compensation subject-matter expertise and guidance to Human Resources staff on job evaluation, market analysis, salary administration, policies, and complex compensation matters.
  • Partners with Budget and Planning and other stakeholders to support position control, compensation budgeting, and position management processes.
  • Partners with the Director of Compensation on strategic compensation initiatives, including job architecture, salary structure analysis, pay equity reviews, policy development, special studies, and process improvements. May be assigned to independently lead complex projects, analyses, or initiatives and present findings and recommendations to HR leadership and other stakeholders.


WORKING CONDITIONS/PHYSICAL EFFORT: Office environment

WORK HOURS:
  • Full-time, exempt position
  • Monday - Friday, 8:30 a.m. - 5:00 p.m.; 7.75 hrs./day; 38.75 hrs./week
  • Hybrid work week after the first 90 days


QUALIFICATIONS:
  • Comprehensive understanding of compensation practices, programs, and plans
  • Thorough understanding of federal and state laws and regulations
  • Excellent analytical skills
  • Technical proficiency using a human resources information system and Microsoft Office Products
  • Demonstrated ability to maintain confidential information.
  • Demonstrates a high level of accuracy, even under pressure.


EDUCATION & EXPERIENCE:
  • REQUIRED: Bachelor's degree and 3-5 years of relevant experience in compensation or a combination of education and experience from which comparable skills are acquired
  • Preferred: Workday experience


SALARY STRUCTURE:
Pay Grade 9 (Hiring Range $73,008 to $121,659 annually)

About University Of Richmond

The University of Richmond is a private liberal arts university located in Richmond, Virginia. The university was founded in 1830 and has a long history of academic excellence. The University of Richmond offers undergraduate and graduate degree programs in a wide range of fields, including business, law, and the arts. The university is known for its strong commitment to undergraduate education and its beautiful campus, which features a lake and several historic buildings.
Learn more about University Of Richmond
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