Compensation Analyst Sr

CommonSpirit Health•CHICAGO, IL

About The Position

The Sr. Compensation Analyst supports CommonSpirit Health compensation programs from plan design through implementation and ongoing administration, providing subject matter expertise and analytical insight for compensation-related decisions. The role conducts research, modeling, and in-depth analysis of base pay and incentive programs, and helps ensure compensation practices are competitive, equitable, and compliant with regulatory requirements. The analyst also advises leaders on compensation issues, mentors compensation analysts and specialists, and may serve as a point of contact for smaller markets or service lines. This is a PRN role as needed.

Requirements

  • Bachelor's degree, or five years of related job or industry experience in lieu of a degree.
  • Four years of progressive compensation or analytics experience.
  • Extensive experience as a compensation analyst and a deep understanding of compensation plan design, market pricing, job evaluation methodologies, and regulatory compliance.
  • Exceptional analytical skills, meticulous attention to detail, and proficiency in data modeling and statistical analysis.

Responsibilities

  • Support the planning, development, implementation, and ongoing administration of new and revised compensation programs.
  • Provide analytical support for base pay administration, annual salary increase processes, variable pay programs, special pay practices, and ad-hoc compensation projects.
  • Facilitate the delivery, education, and communication of compensation programs.
  • Participate in or complete salary surveys, analyze survey results, and assist with designing or revising salary structures.
  • Review new or revised jobs with HR or managers, conduct job evaluations, determine FLSA status, and provide salary recommendations to support internal equity and market alignment.
  • Prepare regular and ad-hoc reports on market compensation data, special pay practices, and internal compensation information.
  • Participate in special projects, including executive compensation analysis, labor negotiations support, and merger and acquisition activities.
  • Partner with HR COEs, HR Technology, and other colleagues to improve compensation processes and technology.
  • Identify issues and concerns and offer potential solutions.
  • Ensure the accuracy of compensation-related data in company information systems and databases.
  • Consult with leaders on compensation issues and mentor and guide compensation analysts and specialists.
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