Compensation Analyst

luriechildrens; Chicago (IL); On-site; USD 71,000 - 116,000; Full time

Job summary

Lurie Children's Hospital of Chicago is seeking a Compensation Analyst to help develop and administer organization-wide compensation programs in a dynamic pediatric care setting.

The role involves pricing jobs against market anchors, maintaining salary structures, and ensuring compliance with policies and regulations. Strong analytical and communication skills, plus experience with Workday, are preferred.

Qualifications

• Bachelor's degree required; Finance, Business Administration, or HR preferred.
• Minimum two years of direct compensation experience.
• Solid knowledge of compensation, salary surveys, and analysis.
• Knowledge of federal and state employment, labor, and wage-and-hour laws.
• Strong communication, mathematical, and data analysis skills.
• Proficient with Windows, Word, Excel, Access; HRIS experience, Workday preferred.

Responsibilities

• Assist in development and administration of organization-wide compensation programs.
• Audit, report, and ensure compliance with policies and government regulations.
• Provide guidance to HR, management, and employees on compensation matters.
• Maintain salary structures and job code listings; oversee job description library.
• Participate in market salary surveys and price jobs to benchmark to market anchors.
• Maintain the market pricing tool/database and assess internal equity.

Skills

Analytical thinking

Data analysis

Strong communication

MS Excel

HRIS knowledge

Education

Bachelor's degree

Tools

Workday

Job description

Ann & Robert H. Lurie Children's Hospital of Chicago provides superior pediatric care in a setting that offers the latest benefits and innovations in medical technology, research and family-friendly design. As the largest pediatric provider in the region with a 140-year legacy of excellence, kids and their families are at the center of all we do. Ann & Robert H. Lurie Children's Hospital of Chicago is ranked in all 10 specialties by the U.S. News & World Report.

Location

Olympia Center

Job Description

Job Summary

Assists in the development and administration of organization-wide compensation programs. Prepares salary analyses for determination of organization's job market competitiveness. Monitors market changes and recommends company compensation plan changes, as needed. Reviews job descriptions and assesses appropriate classification and compensation level. Participates in and completes market salary surveys and utilizes an online pricing tool to price jobs and benchmark to market anchors.

Essential Job Duties

• Assists in development and administration of organization-wide 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 Children's 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 organization's 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, co-workers, and others.
• Other job functions as assigned.

Knowledge, Skills, and Abilities

• Bachelor's 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.
• Minimum two years of direct compensation experience, or three years of related experience if not directly in the compensation area.
• Solid working knowledge of compensation, salary market surveys and analysis.
• Knowledge of applicable federal and state employment, labor, and wage and hour laws.
• Must possess excellent verbal, written and interpersonal communication skills, to establish rapport and effectively interact with all levels of management and staff employees.
• Strong mathematical aptitude and data analysis skills.
• Ability to manage and prioritize multiple projects and work effectively with minimal direction and supervision.
• Strong personal computer proficiency including Windows, Microsoft Word, Excel, and Access.
• Strong working knowledge of human resources information systems and report generation; experience with Workday, preferred

Pay Range

$70,720.00-$115,627.20 Salary

At Lurie Children's, 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 Children's offer a comprehensive rewards package that may include differentials for some hourly employees, leadership incentives for select roles, health