Senior Analyst-Compensation

Northwestern Memorial Hospital; Chicago (IL); On-site; USD 53,000 - 74,000; Full time

Benefits offered by this job

Tuition Reimbursement

Student Loan Repayment

Professional Development

Wellbeing Fund

401(k) Matching

Medical, Dental and Vision coverage

Life insurance

Annual salary increase and incentive

Paid time off and Holidays

Job summary

Northwestern Medicine is seeking a Senior Compensation Analyst in the Chicago area to lead compensation strategy, design and administer pay programs, and conduct market analyses. You will partner with HR, Payroll and leadership to ensure equity and competitiveness while maintaining data integrity in PeopleSoft.

The role requires strong Excel/Access skills, 3+ years of compensation experience and the ability to travel. A collaborative culture and robust total rewards program are emphasized.

Qualifications

• Bachelor's Degree in HR, I/O psychology, Finance or Business.
• Minimum 3 years compensation experience and 5 years HR/Finance experience (total 8 years).
• Advanced proficiency with Microsoft Excel; working knowledge of Microsoft Access.
• Strong organizational, administrative, and multitasking abilities.
• Excellent attention to detail and analytical/problem-solving skills.
• Ability to travel to various sites.
• Knowledge of regulations related to HR.
• Excellent verbal and written communication and strong interpersonal skills.
• Ability to maintain confidentiality.

Responsibilities

• Support compensation strategy, pay programs and policies with discretion.
• Design, implement and administer compensation and incentive programs.
• Prepare reports to ensure equity and competitiveness of pay programs.
• Conduct market research and present findings to leadership.
• Review job descriptions and analyze data to set salary grades.
• Conduct annual market reviews and coordinate with HR data updates.
• Lead involvement in salary surveys and liaise with vendors.
• Consult with HR and leaders on compensation practices and training.
• Authorize non-standard actions and coordinate with payroll.
• Manage intranet content and compensation system expertise.

Skills

Organizational skills

Analytical skills

Attention to detail

Communication skills

Interpersonal skills

Confidentiality

Travel flexibility

Education

Bachelor's Degree

Master's Degree

Tools

Microsoft Excel

Microsoft Access

PeopleSoft

Job description

The salary range for this position is $38.59 - $54.02 (Hourly Rate)

Placement within the salary range is dependent on several factors such as relevant work experience and internal equity. For positions represented by a labor union, placement within the salary range is guided by the rules outlined in the collective bargaining agreement.

We offer a wide range of benefits that provide employees with tools and resources to improve their physical, emotional, and financial well-being while providing protection for unexpected life events. Please visit our Benefits section located at jobs.nm.org/benefits to learn more.

Northwestern Medicine is powered by a community of colleagues who are purpose-driven and committed to our mission to deliver world-class care. Here, you'll work alongside some of the best clinical talent in the nation leading the way in medical innovation and breakthrough research with Northwestern University Feinberg School of Medicine.

We recognize where you've been, and we support where you're headed. We celebrate diverse perspectives and experiences, which fuel our commitment to equity and culture of service.

Grow your career with comprehensive training and development opportunities, mentorship programs, educational support and student loan repayment.

Create the life you envision for yourself with flexible work options, a Reimbursable Well-Being Fund and a Total Rewards package that support your physical, mental, emotional, and financial well-being.

Make a difference through volunteer opportunities we offer in local communities and drive inclusive change through our workforce-led resource groups.

From discovery to delivery, come help us shape the future of medicine.

Benefits

• $10,000 Tuition Reimbursement per year ($5,700 part-time)
• $10,000 Student Loan Repayment ($5,000 part-time)
• $1,000 Professional Development per year ($500 part-time)
• $250 Wellbeing Fund per year ($125 for part-time)
• Matching 401(k)
• Excellent medical, dental and vision coverage
• Life insurance
• Annual Employee Salary Increase and Incentive Bonus
• Paid time off and Holiday pay

Description

The Senior Compensation Analyst reflects the mission, vision, and values of NM, adheres to the organization's Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards. The Senior Compensation Analyst reports to the Program Director of Physician Compensation and supports the following:

Responsibilities

• Exercises significant discretion in interacting with all levels within the system to support compensation strategy, pay programs and policies.
• Assists in designing, implementing and administering compensation and incentive programs across the organization. Develops incentive or special compensation programs as needed.
• Prepares reports and analyses to ensure equity and competitiveness of pay programs.
• Conducts research and provides summary findings to leadership and stakeholders to help design and review current total rewards and talent programs.
• Reviews new and updated job descriptions and research, collects, and analyzes data in order to determine appropriate salary grade and title.
• Independently conducts market reviews by identifying, extracting source materials (i.e. internal and external job descriptions and all components of compensation data), providing summary findings, making recommendations to compensation leadership and stakeholders, analyzing budgetary impact and developing implementation protocols (communication plan, coordination with MyHR for data updates).
• Leads participation in annual salary surveys and serves as liaison with survey vendors. May delegate common surveys to additional support within HR to complete based on approved matches.
• Independently consults with HR colleagues, leadership and employees in application of compensation practices, salary determinations and new hire compensation. May provide instruction/training in a formal setting regarding compensation practices and procedures.
• Provides authorization for non-standard personnel actions, interim pay and other payments as appropriate, including the coordination of payments with payroll department.
• Serves as departmental NMI/intranet content manager.
• Serves as the compensation systems expert, partnering with appropriate resources in the design and maintenance of the system.
• Maintains integrity of compensation data in PeopleSoft.
• Proactively identifies opportunities for operational improvement, including the development and execution of subsequent action plans and routine audits.
• Manages special projects as requested.

Additional Functions

• Conducts training sessions and Town Halls.
• Serves as PeopleSoft super-user and advises MyHR, Payroll, and IS when system updates require expert knowledge on compensation policies, practices, and programs.
• Other duties as assigned.

Qualifications

Required

• Bachelor's Degree, preferably in HR, Industrial/Organizational Psychology, Finance or Business
• Minimum of 3 years of Compensation experience and 5 years of relevant HR/Finance experience (minimum of 8 years of total experience)
• Advanced proficiency with Microsoft Excel and a working proficiency of Microsoft Access
• Demonstrated organizational and administrative skills to include the ability to prioritize and handle multiple tasks and projects concurrently
• Excellent attention to detail
• Well-developed analytical and problem-solving skills and logical reasoning
• Demonstrates history of exercising confidentiality and discretion
• Knowledge of relevant federal, state and local regulations relating to Human Resources
• Excellent verbal and written communication skills
• Strong interpersonal skills
• Ability to travel to various sites as needed

Preferred

• Master's Degree
• Certified Compensation Professional (CCP) or Profession in Human Resources (PHR) designation
• PeopleSoft experience
• Healthcare experience

Equal Opportunity

Northwestern Medicine is an equal opportunity employer (disability, VETS) and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national origin, gender identity, veteran status, disability, sexual orientation or any other protected status.

Background Check

Northwestern Medicine conducts a background check that includes criminal history on newly hired team members and, at times, internal transfers. If you are offered a position with us, you will be required to complete an authorization and disclosure form that gives Northwestern Medicine permission to run the background check. Results are evaluated on a case-by-case basis, and we follow all local, state, and federal laws, including the Illinois Health Care Worker Background Check Act.

Artificial Intelligence Disclosure

Artificial Intelligence (AI) tools may be used in some portions of the candidate review process for this position, however, all employment decisions will be made by a person.

Benefits

We offer a wide range of benefits that provide employees with tools and resources to improve their physical, emotional, and financial well-being while providing protection for unexpected life events. Please visit our Benefits section to learn more.

Sign-on Bonus Eligibility (if sign-on bonus offered for position): Internal employees and rehires who left Northwestern Medicine within 1 year are not eligible for the sign on bonus. Exception: New graduate internal employees seeking their first licensed clinical position at NM may be eligible depending upon the job family.