Compensation Analyst, Senior

Senior Compensation Analyst

Hourly Pay Range: $38.67 - $59.94 - The hourly pay rate offered is determined by a candidate's expertise and years of experience, among other factors.

Position Highlights:

• Location: Evanston, Warrenville, Skokie or Arlington Heights (Salt Creek)
• Full Time/Part Time: Full Time
• Hours: Monday-Friday, 8:00am-4:30pm
• Required Travel: Travel to other locations may be required for meetings

What You Will Do:

• Leading job evaluations to determine job classifications, pay grades, and salary structures for various hospital positions.
• Ensuring that job descriptions accurately reflect job duties and responsibilities.
• Conducting in-depth market research and benchmarking to compare hospital compensation practices with industry and regional standards.
• Providing recommendations for competitive compensation strategies.
• Developing and implementing compensation strategies and programs, including base pay, incentives, and bonus plans.
• Collaborating with HR and leadership to design and manage compensation initiatives that attract and retain top talent.
• Overseeing the administration of the hospital's compensation programs, including merit increases, salary reviews, and incentive plans.
• Ensuring compliance with compensation policies and guidelines.
• Analyzing complex compensation data and metrics to identify trends and provide data-driven insights to HR leadership.
• Preparing comprehensive reports and presentations on compensation-related topics for senior management.
• Ensuring that compensation practices comply with federal, state, and local laws and regulations.
• Staying current with changes in labor laws and provide guidance on necessary updates.
• Managing the participation in salary surveys to collect and submit compensation data to external organizations.
• Utilizing survey data to inform compensation decisions.
• Leading communication efforts related to compensation programs, including the dissemination of salary increase announcements, incentive plans, and total rewards statements.
• Providing mentorship and guidance to junior compensation analysts.
• Leading compensation projects and initiatives.

What You Will Need:

• Education: Bachelor's Degree in Human Resources, Business Administration, Accounting, or other related field, required
• Certification: Certified Compensation Professional (CCP), preferred
• Experience: 5+ years of progressively more responsible compensation administration, finance or consulting experience in large, complex organizations, preferably in a healthcare or hospital setting required.
• Unique or Preferred Skills:
• Advanced proficiency in using MS Word, Excel, PowerPoint and Visio.
• Ability to create dynamic tools and models to interpret and analyze data.
• Demonstrated proficiency in communicating with others (verbally and in writing) to capture and interpret complex messages and communicate in a manner that can be actionable by users
• Action-oriented, self-starter and the ability to operate independently
• Demonstrated proficiency in project management and the ability to prioritize and manage expectations of leaders and HR colleagues.
• Strong analytical and problem solving skills with the ability to interpret data and make meaningful recommendations.

Benefits:

• Career Pathways to Promote Professional Growth and Development
• Various Medical, Dental, Pet and Vision options
• Tuition Reimbursement
• Free Parking
• Wellness Program Savings Plan
• Health Savings Account Options
• Retirement Options with Company Match
• Paid Time Off and Holiday Pay
• Community Involvement Opportunities