Compensation Analyst Sr

CommonSpirit Health; Chicago (IL); On-site; USD 95,000 - 125,000; Full time

Job summary

CommonSpirit Health is seeking a Senior Compensation Analyst to support compensation programs from design through implementation and ongoing administration. You will analyze base pay, incentive programs, and market data to advise leaders and ensure equity and regulatory compliance.

The role requires strong analytical skills and experience with job evaluation methodologies and data modeling. You will collaborate with HR COE teams to refine processes, administer salary structures, and participate

Qualifications

• Bachelor's degree required or equivalent
• 5 years of related compensation or analytics experience in lieu of degree
• Experience with data modeling and statistical analysis is valued

Responsibilities

• Support the planning, design and implementation of compensation programs
• Provide analytic support for base pay and incentive programs
• Perform market pricing, job evaluations, and salary survey analyses
• Partner with HR and leadership to ensure equity, regulatory compliance, and effective program administration

Education

Bachelor's degree

Job description

Job Summary and Responsibilities

As our Sr. Compensation Analyst, you will support our compensation programs from plan design through implementation and ongoing administration, acting as a trusted advisor and subject matter expert.
Every day, you will apply solid knowledge of compensation (base and variable pay) and data to provide critical analytical insight that informs compensation-related decisions and programs. You will provide comprehensive analytical support, ongoing research, modeling, and in-depth compensation analysis for base pay and incentive programs. Your responsibilities include evaluating jobs, completing market pricing, determining pay grades, completing compensation surveys, and performing associated analyses by applying standard job evaluation methodologies. You will ensure compensation-related programs and practices are competitive, equitable, and in compliance with all regulatory requirements. As a trusted advisor, you will consult with leaders on various compensation issues and actively mentor and guide compensation analysts and specialists, potentially serving as the point of contact for smaller markets or service lines. To be successful in this role, you will possess extensive experience as a compensation analyst, demonstrating a deep understanding of compensation plan design, market pricing, job evaluation methodologies, and regulatory compliance. You will exhibit exceptional analytical skills, meticulous attention to detail, and proficiency in data modeling and statistical analysis.

• Supports the planning, development and implementation of new and revised CSH compensation programs to meet the organization's goals and competitive practices. Provides analytic support for CSH compensation program management and implementation, including but not limited to: base pay administration, annual salary increase processes, variable pay program administration, special pay practices and ad-hoc compensation projects. Facilitates the delivery, education and communication of compensation programs.
• Participates and/or completes salary surveys, analyzes salary survey results, and assists with the design or revision of salary structures. Reviews and consults with human resources or managers on new or revised jobs, conducts job evaluations, determines FLSA status, and provides salary recommendations to ensure internal equity and market alignment.
• Prepares regular and ad-hoc reports regarding market compensation data, special pay practices and internal company compensation information. Participates in special projects as assigned, including executive compensation analysis, labor negotiations support and merger and acquisition activities.
• Partners with HR COE's, HR Technology and other CSH colleagues to ensure continuous improvement of processes and technology in support of compensation programs. Identifies issues and concerns and offers options of potential solutions for problem solving. Ensures accuracy of compensation-related data that is maintained within company information systems and databases.

Job Requirements

Required

• Bachelors Other Five (5) years of related job or industry experience in lieu of degree.
• Four (4) years progressive compensation or analytics experience

Where You'll Work

Inspired by faith. Driven by innovation. Powered by humankindness. CommonSpirit Health is building a healthier future for all through its integrated health services. As one of the nation's largest nonprofit Catholic healthcare organizations, CommonSpirit Health delivers more than 20 million patient encounters annually through more than 2,300 clinics, care sites and 137 hospital-based locations, in addition to its home-based services and virtual care offerings. CommonSpirit has more than 157,000 employees, 45,000 nurses and 25,000 physicians and advanced practice providers across 24 states and contributes more than $4.2 billion annually in charity care, community benefits and unreimbursed government programs. Together with our patients, physicians, partners, and communities, we are creating a more just, equitable, and innovative healthcare delivery system.