Compensation Specialist

Equity Residential•Chicago, IL

10d•$71,000 - $86,000•Hybrid

About The Position

At Equity Residential, we're dedicated to creating thriving communities, and we invite you to be part of our team. Embracing values like Diversity, Sustainability, and Total Wellbeing, we foster a workplace culture of authenticity and collaboration. How We Deliver a Winning Performance: Question Authority Walk the Talk Share Knowledge Listen, not just Hear See the Glass Half Full Take Educated Risks Enjoy the Ride Share the Spotlight Do the Right Thing Test Your Limits We Care About Your Total Wellbeing: Physical Wellbeing: Medical, dental, and vision care Social Wellbeing: 9 paid holidays, annual vacation time, paid sick leave, new parent benefits Financial Wellbeing: 401(k) Retirement Savings Plan, Rent Discounts, Competitive Compensation Community Wellbeing: Paid Community Service Hours Career Wellbeing: Leadership Development Learn more about our Total Wellbeing program here. What You’ll Be Doing: The Compensation Specialist is responsible for supporting the administration and coordination of the organization's compensation and recognition programs. This role ensures that all compensation processes are executed accurately, efficiently, and in compliance with applicable regulations to deliver exceptional HR services. Additionally, the individual will participate in ad-hoc HR projects and conduct market resear ch to identify best practices, enhancing the organization's HR strategies. Represents the Company in a professional manner at all times. Consistently maintains a professional, courteous attitude when dealing with residents, coworkers and the general public. Performs other duties as assigned. The Company may revise this job description from time to time as business needs require. It is not intended to be an exhaustive listing of all the functions of the job, nor limit the Company’s right to assign other functions to an employee in this position. This job description does not constitute a written or implied contract of employment.

Requirements

Bachelor’s degree in Human Resources, Business Administration, or related field, preferred.
2-4 years of experience in HR Operations, with a focus on compensation administration.
Experience coordinating HR projects and conducting market research.
Familiarity with HRIS systems and proficiency in Microsoft Office Suite, particularly Excel (including advanced functions such as VLOOKUP, pivot tables, and data analysis tools).
Strong understanding of federal and state regulations related to compensation.
Excellent communication and interpersonal skills.
High level of accuracy and attention to detail.
Ability to handle sensitive information with confidentiality and professionalism.

Responsibilities

Participate in salary surveys, market analyses, and industry research to ensure competitive and equitable compensation practices. Interpret results and provide recommendations to management.
Administer the recognition program, including processing awards and creating reports to track usage and trends.
Develop and maintain process documentation, guidelines, and training materials.
Draft clear and consistent employee communications to ensure understanding of programs, policies, and upcoming initiatives.
Partner with HRIT and other stakeholders to support system testing, audits, and data governance activities.
Support the annual compensation planning cycle, ensuring alignment with organizational goals.
Assist in administering executive and employee programs such as the Employee Stock Purchase Plan (ESPP) and Supplemental Executive Retirement Plan (SERP).
Collaborate with HR and business partners on projects such as policy development, process redesign, and new program launches.
Participate in audits and recommend process improvements to reduce risk.
Represents the Company in a professional manner at all times.
Consistently maintains a professional, courteous attitude when dealing with residents, coworkers and the general public.
Performs other duties as assigned.