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Principal Compensation Analyst (Multiple Vacancies)
About the position Stanford University is one of the world's premier academic and research institutions, devoting tremendous intellectual and physical resources toward the betterment of humanity. As a major Silicon Valley employer, Stanford seeks people committed to excellence and to improving our world. In turn, the university is committed to supporting its employees as they develop their careers and enrich their lives. Reporting to the Compensation Manager, the Principal Compensation Analyst is a demonstrated subject matter expert and partner in compensation analysis, design, implementation, optimization and administration. The role provides consultation to Stanford HR leaders and schools and units on compensation policy, best practices, and regulatory compliance. The Principal Compensation Analyst is an operational expert in compensation analysis, processes, and client service delivery. This position shares and provides education, training, communication and guidance to junior compensation analysts and clients and serves as a team lead on university-wide compensation initiatives. 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. • 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 including new HCM system adoption 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. • Support the design, configuration, testing, deployment, and future upgrades of compensation modules within the HCM system (Oracle). • Oversee annual compensation cycle activities (merit, bonus, equity) through HCM system workflows and reporting. • Collaborate with HR technology teams to troubleshoot, optimize, and enhance compensation technology solutions. • Review research and prepare in-depth analyses to develop and/or revise existing university or school/unit compensation programs, policies, and/or practices. • 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. Requirements • 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. • 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. • 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. • 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. • Exceptional analytical, critical thinking and computational/statistical skills. • Strong understanding and experience interpreting and applying federal and California state wage and hour regulations. Benefits • Career development programs • Tuition reimbursement • Generous time-off • Family care resources • Excellent health care benefits • Free commuter programs • Ridesharing incentives • Discounts and more Apply tot his job
