Compensation Consultant

University of Chicago; Chicago (IL); Hybrid; USD 90,000 - 130,000; Full time

Job summary

The University of Chicago, a world-class academic medical center, seeks a Compensation Consultant in the Compensation Department with a focus on Executive Compensation. This is primarily a work-from-home role with onsite visits as needed; you may be based outside the greater Chicagoland area.

Responsibilities include supporting executive and broad-based compensation programs, participating in market surveys, preparing materials for the Compensation Committee, and advising internal clients on

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
• Experience in Executive Compensation preferred
• Certification in Compensation (Worldat Work) highly preferred

Responsibilities

• 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.
• 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.
• Oversee pay changes through the Collective Bargaining Agreement wage grids partnering with internal departments to move contractual pay changes to schedule.

Education

Bachelor’s degree in human resources, Finance or related field

7 - 10 years’ human resources compensation experience

2-3 years HRIS experience

Tools

Oracle Cloud HRM

Microsoft Excel

PowerPoint

Word

Job description

Description

Join a world class academic medical center, UChicago Medicine, as a Compensation Consultant in our Compensation Department, focusingprimarilyon 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