Description:
Provide advanced level consultation, guidance, and direction for faculty compensation to institutional leadership and stakeholders. Provides in-depth content expertise and project management in the design, development and/or implementation of faculty compensation programs, policies and practices.
Description of Duties
- Provides guidance and subject matter expertise during the faculty compensation and performance payment process.
- Provides guidance on creation of faculty salary ranges to Colleges and Schools.
- Builds and maintains dynamic models that will allow for regular refinement / analysis of faculty compensation plans, including various scenarios and plan changes.
- Manages and conducts provider specialty evaluations. Coordinates responses to compensation-related surveys. Coordinates multi-variant compensation equity evaluations.
- Works with Department and Divisional leadership on ad-hoc analyses designed to support discussions and decisions related to individual faculty compensation.
- Performs regular control analyses, ensuring accurate faculty compensation calculations and other model outputs.
- Provides subject matter expertise and serves as the market expert regarding specific provider compensation issues and projects.
- Coordinates the regular review and analysis of operational performance relative to established productivity goals and the impact on compensation.
- Works with Department and Division leadership on the assessment of key compensation metrics and other ad-hoc analyses.
- Helps ensure the accuracy and timely dissemination of operational dashboard reports and other standard management information.
- Provides analytical support for designated compensation special projects as assigned.
- Produces analyses to inform the annual budget planning process, helping to ensure the creation of accurate, realistic, and optimized fiscal year budgets.
- Develops recommendations for strengthening compensation plan.
- Assists stakeholders with the interpretation of compensation plan results, ensuring timely and accurate payments.
- Maintains accuracy of faculty compensation data utilized by multiple parties.
- Effectively leads and drives complex department-wide compensation projects to ensure the organization’s strategic objectives are achieved.
- Performs other duties as assigned.