Compensation Analyst
Compensation Analyst
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$ 76960 - 125840
1 Vacancy
Job Description
Ann & Robert H. Lurie Childrens Hospital of Chicago provides superior pediatric care in a setting that offers the latest benefits and innovations in medical technology research and familyfriendly design. As the largest pediatric provider in the region with a 140year legacy of excellence kids and their families are at the center of all we do. Ann & Robert H. Lurie Childrens Hospital of Chicago is ranked in all 10 specialties by the U.S. News & World Report.
Location
Job Description
Essential Job Duties
Assists in development and administration of organizationwide compensation programs. Assures through audits reports and personal contact that organization compensation programs are consistently administered in compliance with company policies and government regulations.
Provides guidance and assistance to the Human Resources team Lurie Childrens management and employees on compensation programs while adhering to hospital and regulatory guidelines. Maintains and updates compensation policies and procedure documents and
related materials (salary structures job code listing etc.
Participates in and completes market salary surveys. Maintains the organizations market pricing tool/database for all organizational jobs. Assesses market competitiveness internal equity and position salary grade assignments. Collaborates with management to determine cost budget and adjustments to ensure fair and competitive pay practices.
Performs salary analyses/assessments and drafts related recommendations and costing when necessary for analyzing market trends and internal equity alignment.
Evaluates new or revised job descriptions and position reclassification requests and recommends salary range assignment in cooperation with management staff and HR partners including appropriate communication and follow through of approved implementation.
Oversees the maintenance of the job description library to ensure current and accurate documents for all positions. Ensures job descriptions meet all regulatory standards.
Audits and determines the FLSA (Fair Labor Standard) classification of positions based on Department of Labor regulations and guidelines.
Acts as the compensation liaison and consultant to Payroll for compensation practices policies and procedures.
Assists in developing training for HR and business partners on compensation processes.
Keeps informed on trends and regulatory changes relevant to compensation administration and compliance.
Performs job functions adhering to service principles with customer service focus of innovation service excellence and teamwork to provide the highest quality care and service to our patients families coworkers and others.
Other job functions as assigned.
Knowledge/Skills/Abilities
1. Bachelors degree required. Preferred field of study: Finance Business Administration or Human Resources. An equivalent combination of education and/or experience may be considered in lieu of a degree when the experience is directly related to the functions of the role.
2. Minimum two years of direct compensation experience or three years of related experience if not directly in the compensation area.
3. Solid working knowledge of compensation salary market surveys and analysis.
4. Knowledge of applicable federal and state employment labor and wage and hour laws.
5. Must possess excellent verbal written and interpersonal communication skills to establish rapport and effectively interact with all levels of management and staff employees.
6. Strong mathematical aptitude and data analysis skills.
7. Ability to manage and prioritize multiple projects and work effectively with minimal direction and supervision.
8. Strong personal computer proficiency including Windows Microsoft Word Excel and Access.
9. Strong working knowledge of human resources information systems and report generation; experience with Workday preferred.
Education
Bachelors Degree: Finance (Required)Pay Range
$76960.00$125840.00 SalaryAt Lurie Childrens we are committed to competitive and fair compensation aligned with market rates and internal equity reflecting individual contributions experience and expertise. The pay range for this job indicates minimum and maximum targets for the position. Ranges are regularly reviewed to stay aligned with market conditions.In addition to base salary Lurie Childrens offer a comprehensive rewards package that may include differentials for some hourly employees leadership incentivesfor select roles health and retirement benefits and wellbeing programs. For more details on other compensation consult your recruiter or click the followinglink to learn more about our benefits.
Benefit Statement
For full time and part time employees who work 20 or more hours per week we offer a generous benefits package that includes:
Medical dental and vision insurance
Employer paid group term life and disability
Employer contribution toward Health Savings Account
Flexible Spending Accounts
Paid Time Off (PTO) Paid Holidays and Paid Parental Leave
403(b) with a 5 employer match
Various voluntary benefits:
Supplemental Life AD&D and Disability
Critical Illness Accident and Hospital Indemnity coverage
Tuition assistance
Student loan servicing and support
Adoption benefits
Backup Childcare and Eldercare
Employee Assistance Program and other specialized behavioral health services and resources for employees and family members
Discount on services at Lurie Childrens facilities
Discount purchasing program
Theres a Place for You with Us
At Lurie Childrens we embrace and celebrate diversity and equity in a serious way. We are committed to building a team with a variety of backgrounds skills and viewpoints recognizing that diverse identities strengthen our workplace and the care we can provide to the Chicago community and beyond. We treat everyone fairly appreciate differences and make meaningful connections that foster belonging and allyship. This is a place where you can be your best so we can give our best to the patients and families who trust us with their care.
Lurie Childrens and its affiliatesare equal employment opportunity employers. We value diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race color sex sexual orientation gender identity or expression religion national origin ancestry age disability marital status pregnancy protected veteran status order of protection status protected genetic information or any other characteristic protected by law.
Required Experience:
IC
Employment Type
Full-Time
