Compensation Analyst

Ann & Robert H. Lurie Children's Hospital of Chicago; Illinois; On-site; USD 76,000 - 126,000; Full time

Job summary

An established industry player in pediatric care is seeking a Compensation Analyst to join their dynamic team. This role involves assisting in the development and administration of compensation programs, ensuring compliance with policies and regulations, and conducting market salary surveys. The ideal candidate will have a strong background in compensation analysis, excellent communication skills, and the ability to manage multiple projects effectively. Join a diverse and inclusive environment where your contributions will help shape the future of pediatric healthcare and ensure fair compensation practices for all employees.

Benefits

Medical, dental and vision insurance

Employer paid group term life and disability

Flexible Spending Accounts

Paid Time Off (PTO)

403(b) with a 5% employer match

Tuition assistance

Employee Assistance Program

Qualifications

• Bachelor’s degree required, preferably in Finance or HR.
• Minimum two years of direct compensation experience required.

Responsibilities

• Assist in developing and administering compensation programs.
• Conduct market salary surveys and maintain pricing tools.

Skills

Compensation Analysis

Communication Skills

Data Analysis

Project Management

Regulatory Compliance

Education

Bachelor's Degree in Finance

Bachelor's Degree in Business Administration

Bachelor's Degree in Human Resources

Tools

Microsoft Excel

Microsoft Word

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

Essential Job Duties

1. 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.
2. 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.
3. Maintains and updates compensation policies and procedure documents and related materials (salary structures, job code listing, etc.).
4. Participates in and completes market salary surveys.
5. Maintains the organization’s market pricing tool/database for all organizational jobs.
6. Assesses market competitiveness, internal equity, and position salary grade assignments.
7. Collaborates with management to determine cost, budget, and adjustments to ensure fair and competitive pay practices.
8. Performs salary analyses/assessments and drafts related recommendations and costing when necessary for analyzing market trends and internal equity alignment.
9. 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.
10. Oversees the maintenance of the job description library to ensure current and accurate documents for all positions. Ensures job descriptions meet all regulatory standards.
11. Audits and determines the FLSA (Fair Labor Standard) classification of positions based on Department of Labor regulations and guidelines.
12. Acts as the compensation liaison and consultant to Payroll for compensation practices, policies, and procedures.
13. 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.
14. 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.
15. Other job functions as assigned.

Knowledge/Skills/Abilities

1. 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.
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

Bachelor's Degree: Finance (Required)

Pay Range

$76,960.00-$125,840.00 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 offers 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

For full time and part time employees who work 20 or more hours per week we offer a generous benefits package that includes:

1. Medical, dental and vision insurance
2. Employer paid group term life and disability
3. Employer contribution toward Health Savings Account
4. Flexible Spending Accounts
5. Paid Time Off (PTO), Paid Holidays and Paid Parental Leave
6. 403(b) with a 5% employer match
7. 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 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.

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