Compensation Consultant

UChicago Medicine; Chicago (IL); Remote; USD 110,000 - 150,000; Full time

Job summary

UChicago Medicine in Chicago, IL is seeking a Compensation Consultant in the Compensation Department, focusing on Executive Compensation. This role is primarily remote with on-site as needed, and may be based outside the greater Chicagoland area.

You will manage daily compensation activities, annual processes, program management, and ad-hoc projects, supporting market data surveys and guidance on compensation policies.

Qualifications

• Bachelor's degree in human resources, Finance or related field.
• 7-10 years' human resources compensation experience with knowledge of applicable federal laws and regulations, experience in market pricing, job description development, salary surveys and salary administration.
• 2-3 years with Human Resource Information Systems experience.

Responsibilities

• Supports the Executive Programs and broad-based compensation areas.
• Manages annual/cyclical compensation processes and programs including system updates communication materials and training materials to convey timeline and expected actions.
• Collects and submits salary survey data for various compensation surveys using online market pricing tools.
• Utilizes Oracle Cloud HRM system to create, edit and maintain data and/or system updates related to job, position, assignment or pay data.

Skills

Analytical skills

Problem-solving

Communication skills

Project management

Education

Bachelor's degree in HR/Finance

Tools

Oracle Cloud HRM

Excel

PowerPoint

Word

Job description

Job Description

Join a world class academic medical center, UChicago Medicine, as

Job Description

Join a world class academic medical center, UChicago Medicine, as a Compensation Consultant in our Compensation Department, focusing primarily on Executive Compensation. This position will be primarily a work from home opportunity with the requirement to come onsite as needed. You may be based outside of the greater Chicagoland area. Responsible for daily compensation activities, annual processes, program management and ad-hoc projects. Participates in annual compensation surveys to support market competitiveness driven by a comprehensive annual review of market data. Consults with all levels of internal external clients and vendors to provide guidance and interpretation of compensation programs, policies, and procedures/practices.

Essential Job Functions

• Supports the Executive Programs and broad-based compensation areas.
• Executive Programs: Provides support in the preparation of board materials for the Compensation Committee. Assists with collecting and managing data for the annual and long-term incentive plans. Responsible for daily executive compensation activities, annual executive compensation processes and ad hoc projects.
• Manages annual/cyclical compensation processes and programs including system updates communication materials and training materials to convey timeline and expected actions.
• Assists in the provision of training to management as applicable.
• Supports union labor negotiations providing costing/financial modeling of market data resulting in recommendations regarding grade structure and wages. May participate in related committees that support negotiation sessions.
• Oversee pay changes through the Collective Bargaining Agreement wage grids partnering with internal departments to move contractual pay changes to schedule.
• Collects and submits salary survey data for various compensation surveys using online market pricing tools. Track submission timelines and survey publication dates.
• Utilizes Oracle Cloud HRM system to create, edit and maintain data and/or system updates related to job, position, assignment or pay data.
• Consults with internal HRIT or IT Technology teams as necessary to ensure all related tables, fields or formulas provide the desired result.
• Regularly audits data to ensure data relationships result in expected data.
• Partners with HRIT function to ensure mutual understanding of system design, functionality, standard report generation and problem resolution which results in improved workflow efficiency for all users.
• Identifies potential system enhancements or process improvements to continually improve end user experience.
• Performs other duties as assigned including relationship management of vendors and internal business partners.
• Strong analytical abilities including high aptitude in Microsoft Excel, Power Point and Word
• Strong analytical and problem-solving skills
• Excellent verbal and written communications skills including interpersonal skills and the ability to interact positively with internal and external customers
• Ability to thrive in a changing environment and deal with ambiguity; function as a change agent
• Proactive problem identification and problem-solving skills; ability to make decisions and operate independently with respect to complex issues and business requirements
• Competence in managing multiple projects simultaneously with strong results/goal orientation while meeting required deadlines
• Strong project management and organizational skills
• Ability to work closely with others as part of a team while being able to take full responsibility for a task
• Ability to act in a professional manner and use appropriate judgment on sensitive, confidential issues
• Background in finance and financial modeling is a plus

Required Qualifications

• Bachelor's degree in human resources, Finance or related field
• 7 - 10 years' human resources compensation experience with knowledge of applicable federal laws and regulations, experience in market pricing, job description development, salary surveys and salary administration
• 2-3 years with Human Resource Information Systems experience

Preferred Qualifications

• Experience in Executive Compensation preferred
• Certification in Compensation (World at Work) highly preferred

Position Details

• Job Type: Full Time
• Shift: Day Shift
• Location: Hyde Park (Flexible)
• Department: Compensation
• CBA Code: Non-Union

About Us

We've been at the forefront of medicine since 1899. We provide superior healthcare with compassion, always mindful that each patient is a person, an individual. To accomplish this, we need employees with passion, talent and commitment with patients and with each other. We're in this together: working to advance medical innovation, serve the health needs of the community, and move our collective knowledge forward. If you'd like to add enriching human life to your profile, UChicago Medicine is for you. Here at the forefront, we're doing work that really matters. Join us. Bring your passion.

UChicago Medicine is growing; discover how you can be a part of this pursuit of excellence at: UChicago Medicine Career Opportunities

UChicago Medicine is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, ethnicity, ancestry, sex, sexual orientation, gender identity, marital status, civil union status, parental status, religion, national origin, age, disability, veteran status and other legally protected characteristics.

As a condition of employment, all employees are required to complete a pre-employment physical, background check, drug screening, and comply with the flu vaccination requirements prior to hire. Medical and religious exemptions will be considered for flu vaccination consistent with applicable law.

Compensation & Benefits Overview

UChicago Medicine is committed to transparency in compensation and benefits. The pay range provided reflects the anticipated wage or salary reasonably expected to be offered for the position.

The pay range is based on a full-time equivalent (1.0 FTE) and is reflective of current market data, reviewed on an annual basis. Compensation offered at the time of hire will vary based on candidate qualifications and experience and organizational considerations, such as internal equity. Pay ranges for employees subject to Collective Bargaining Agreements are negotiated by the medical center and their respective union.

Review the full complement of benefit options for eligible roles at Benefits - UChicago Medicine.