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Stanford University · 4 months ago

Principal Compensation Analyst

Redwood City, CA

Full-time

Hybrid

Lead/Staff

$180K/yr - $192K/yr

10+ years exp

Stanford University is one of the world’s premier academic and research institutions, devoting tremendous intellectual and physical resources toward the betterment of humanity. The Principal Compensation Analyst will serve as a subject matter expert in compensation analysis and provide consultation on compensation policy, best practices, and regulatory compliance while mentoring junior analysts and managing university-wide compensation initiatives.

EducationHigher EducationUniversities

Growth Opportunities

Responsibilities

Serve as subject matter expert, key advisor, and consultant to HR leadership and other stakeholders in the areas of compensation administration operations and execution, implementation, optimization, market analysis, job architecture, pay equity, and compliance to ensure inclusive and sustainable compensation frameworks

Lead and manage complex projects such as compensation client solutioning and consultative influence, annual salary planning set up and administration, salary structure updates, compensation market and equity analysis, and regulatory reporting university-wide or for multiple schools and units

Share compensation guidance, education, support, training, and mentorship to junior compensation analysts

Oversee, delegate, balance, and prioritize client workloads

Manage university-wide, full-cycle compensation processes

Perform advanced-skilled Excel analyses to support the design, implementation, and administration of the compensation function

Build complex financial models in formula-driven spreadsheets to support detailed analysis and decision-making in compensation strategy, methodology, and actions

Research existing processes, present findings, design or re-design, and develop optimal compensation components for the university and/or schools and units

Serve as an advisory resource regarding compensation implementation and administration for University Human Resources and line managers

Advise HR Leaders and line managers on a range of complex matters related to the university and/or school and unit compensation policies, processes, and practices

Solve advanced, unique, and complex problems that have a broad impact across multiple schools and/or units

Oversee and participate in job evaluations and documentation of job descriptions

Manage and oversee client requests for compensation analysis or assistance and provide guidance, recommendations, and solutions for compensation processes, policies, and procedures

Design, develop, review, and provide guidance on retention and incentive plan documentation and/or develop complex incentive plans to reinforce targeted behaviors and advance the university or school and unit mission/goals

Review research and prepare in-depth analyses to develop and/or revise existing university or school/unit compensation programs, policies, and/or practices. Make recommendations to management based on completed analyses and lead the implementation of solutions

Keep abreast of industry trends and regulatory changes in compensation practices

Develop education strategy, training materials, and presentations for the compensation team, human resource managers, line managers, and employees

Perform other duties as assigned

Qualification

Compensation analysisAdvanced ExcelCompensation complianceProject managementHRIS systemsAnalytical skillsCommunication skillsTraining developmentTeam leadershipMentorshipProblem-solving

Required

Bachelor's degree and 10 years of relevant experience or combination of education and relevant experience

Certifications such as CEBS, ISCEBS, PHR/SPHR, CCP/CBP, or equivalent certification a plus

Expert compensation advisory capabilities across a highly matrixed and decentralized work environment

Specialized depth or breadth of experience in compensation and HR

Strong ability to collect, synthesize, and interpret internal and external feedback and data and recommend new solutions and best practices

Ability to anticipate business challenges and develop processes, products, and service improvements

Prior experience using a broad perspective to identify problems with cross-functional business implications and recommend lasting solutions that positively impact the institution

Demonstrated experience taking the lead on projects with broad visibility to achieve multi-year milestones and objectives

Comfortable working independently in a fast-paced, deadline driven environment, with guidance needed in only the most complex situations

Familiarity with human capital management systems (Oracle, Workday, etc.)

Advanced MS Excel and prior experience using HRIS systems

Exceptional verbal and written communication, consultation, facilitation, and presentation skills for conveying information, programs and solutions to peers, managers and leaders, as well as influencing others regarding recommendations and decisions

Exceptional analytical, critical thinking and computational/statistical skills

Strong understanding and experience interpreting and applying federal and California state wage and hour regulations