Compensation Analyst

Lurie Children's; Chicago, Northern (IL, KY); Hybrid; USD 71,000 - 116,000; Full time

Benefits offered by this job

Medical, dental and vision insurance

403(b) with 5% employer match

Paid Time Off and holidays

Tuition assistance

Job summary

Lurie Children’s is seeking a Compensation Analyst to develop and administer organization-wide compensation programs and price jobs against market anchors. The role involves audits to ensure compliance, guidance to HR and management, and maintaining salary structures and job descriptions.

You will participate in market salary surveys, manage the pricing tool, and collaborate on cost, budget, and pay adjustments to ensure equity and competitiveness across the hospital.

Qualifications

• Bachelor’s degree required.
• Minimum two years of direct compensation experience.
• Strong mathematical aptitude and data analysis skills.
• Knowledge of federal and state employment laws.
• Proficient with Windows, Excel, Word, and Access; Workday preferred.

Responsibilities

• Assist in development and administration of organization-wide compensation programs.
• Audit and ensure compensation programs comply with policies and regulations.
• Provide guidance on compensation to HR and management.
• Maintain compensation policy documents and salary structures.
• Participate in market salary surveys and price jobs against market anchors.
• Manage the market pricing tool/database for organizational jobs.
• Evaluate market competitiveness and internal equity, adjust salary grades.
• Collaborate with management on cost, budget, and pay adjustments.
• Draft recommendations and costing for market trends and internal equity.
• Oversee job description library and ensure regulatory standards are met.

Skills

Compensation analysis

Data analysis

Communication skills

Excel proficiency

Education

Bachelor’s degree

Tools

Workday

Microsoft Word

Microsoft Access

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

Education 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 and retirement benefits, and wellbeing programs. For more details on other compensation, consult your recruiter or click the following link to learn more about our benefits.

Benefit Statement

• 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 Children’s facilities
• Discount purchasing program

There’s a Place for You with Us

At Ann & Robert H. Lurie Children’s Hospital of Chicago and its affiliates (collectively “Lurie Children’s”), 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 Children’s and its affiliates are 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.

For questions about how to request an accommodation please contact: [e-mail]

AI Notice

Lurie Children’s utilizes certain AI-enabled features within our recruiting platform to support candidate engagement and assist recruiters in identifying and prioritizing applicants whose experience aligns with job requirements. All employment decisions are made by individuals. It is a civil rights violation with respect to recruitment, hiring, promotion, or employment for an employer to use artificial intelligence that has the effect of subjecting employees to discrimination on the basis of protected classes under the Illinois Human Rights Act or to use zip codes as a proxy for protected classes. For questions about the use of artificial intelligence in this process or any additional support, please contact: [e-mail]