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Senior Compensation Analyst

University of New Mexico Hospitals
Albuquerque, NM Full Time
POSTED ON 11/16/2024 CLOSED ON 1/22/2025

What are the responsibilities and job description for the Senior Compensation Analyst position at University of New Mexico Hospitals?

Senior Compensation Analyst

Department: Human Resources Location: Albuquerque, NM
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UNM Medical Group, Inc. is hiring for a Senior Compensation Analyst to join our Human Resources Department. The position is a REMOTE, full-time opportunity located in Albuquerque, New Mexico.

*Please note, selected candidate must have a permanent address and live in New Mexico or be willing to relocate to New Mexico*

The Human Resources team at the UNM Medical Group consists of twelve team members who pride themselves on being a team that works together to serve the HR needs of the UNM Medical Group, Inc. And our fun, compassionate, driven, goal-oriented HR team is looking for a Talent Acquisition Specialist to join us!

Minimum $83,283 - Midpoint $106,121*

*Salary is determined based on years of total relevant experience.

*Salary is based on 1.0 FTE (full time equivalent) or 40 hours per week. Less than 40 hours/week will be prorated and adjusted to the appropriate FTE.

Summary:

Under limited supervision, provides specialized, professional, and operational support in compensation analysis, strategy, and program administration. Conducts market analyses, evaluates pay practices, and provides data-driven insights to support strategic decision-making across the organization. Responsible for maintaining compensation structures, participating in compensation surveys, and ensuring compliance with relevant regulatory standards.

Minimum Job Requirements of a Senior Compensation Analyst:

High school diploma or GED; at least 9 years of experience directly related to the duties and responsibilities specified. Completed degree(s) from an accredited institution that are above the minimum education requirement may be substituted for experience on a year for year basis. Verification of education and licensure will be required if selected for hire.

Duties and Responsibilities of a Senior Compensation Analyst:

1. Researches and analyzes various compensation-related issues and provides recommendations for problem resolution.

2. Designs, manages, and maintains compensation data and systems to support employee movement, job evaluations, and compensation adjustments within the organization.

3. Partners with HR and Finance teams to determine compensation needs, develops or modifies processes, and provides accurate data outputs for decision-making.

4. Conducts and presents complex data analyses, ad hoc reports, and market studies; identifies and recommends process improvements.

5. Participates in the development and implementation of compensation strategies, policies, and procedures to ensure competitive positioning and internal equity.

6. Assists in the administration of annual merit review processes, salary structure updates, and incentive programs.

7. Conducts studies and compiles statistics, such as turnover and salary progression, to inform compensation policies and address potential issues.

8. Participates in market surveys, evaluates survey data, and recommends salary ranges, adjustments, and hiring rates.

9. Ensures compliance with relevant federal and state regulations, including FLSA, and maintains updated documentation and process standards.

10. Performs miscellaneous job-related duties as assigned.

Why Join UNM Medical Group, Inc.?

Since our creation in 2007, our dynamic organization has continued to grow and form strong partnerships within the UNM Health system. We ASPIRE to incorporate the following values into all aspects of our culture and work: we always demonstrate an Attitude of Service with Positivity, Integrity and Respect as we strive for Excellence.

Diversity, Equity, and Inclusion Commitment:

We are dedicated to embracing and promoting diversity while fostering well-being across New Mexico through cultural humility and respect for everyone.

Benefits:

  • Competitive Salary & Benefits: UNMMG provides a competitive salary along with a comprehensive benefits package.
  • Insurance Coverage: Includes medical, dental, vision, and life insurance.
  • Additional Perks: Offers tuition reimbursement, generous paid time off, and a 403b retirement plan for eligible employees.

Salary : $106,121

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