Sr Dir Compensation
About The Position
Ann & Robert H. Lurie Children’s Hospital of Chicago is a leading pediatric provider with a 140-year legacy, focused on delivering superior pediatric care, medical technology, research, and family-friendly design. The hospital is ranked in all 10 specialties by the U.S. News & World Report. The Sr Dir Compensation is responsible for directing and managing the organization's compensation function. This includes developing, implementing, and administering compensation programs designed to attract and retain talent, such as salary structures, incentive plans, and retention programs. The role involves partnering with finance, legal, and other internal and external stakeholders, managing executive compensation in compliance with regulations, promoting pay transparency, conducting pay equity analyses, and preparing materials for governance bodies like the Compensation Committee of the Board of Directors. The Director also supports physician compensation evaluation, establishes job evaluation processes, leads technology solutions for compensation, monitors compensation spend, advises leadership on compensation matters, oversees salary surveys, manages market pricing tools, and ensures compliance with federal and state compensation laws.
Requirements
- Bachelor’s degree in business, finance, or related field desired or comparable experience with any different educational background.
- Minimum of seven years of progressive responsibility in compensation required.
- Minimum of three years of experience demonstrating effective management of a compensation function and staff.
- Expert knowledge of human resources information systems, particularly the Workday compensation module and Microsoft Word applications required.
- Excellent communication skills to effectively collaborate with employees, all levels of leadership, attorneys, benefit vendors, etc. across all levels in the organization.
Nice To Haves
- MBA preferred.
- SHRM or HRCI certification highly desired.
Responsibilities
- Directs and manages the compensation function for the organization through the development, implementation, and administration of compensation programs designed to retain and attract the talent needed to deliver our strategy and mission.
- Leads the design and implementation of various compensation programs including, but not limited to, salary structures, incentive plans and retention programs including partnering with finance, legal, and other internal and external partners.
- Manage executive compensation matters in compliance with tax regulations and other legal authority.
- Promotes pay transparency and employee engagement through equitable design and implementation of compensation programs.
- Work with legal and other stakeholders to conduct pay equity analyses.
- Leads development of materials for the Compensation Committee of the Board of Directors and other governance bodies within the organization.
- Supports evaluation of physician compensation, as required.
- Establishes approaches and processes for effective job evaluation and wage/salary review and administration.
- Leads design of technology solutions to ensure effective delivery of compensation processes and auditing approaches to ensure data integrity for employee information impacting compensation programs.
- Develops and monitors all compensation spend impacting fiscal results in collaboration with finance partners.
- Serves as an advisor to leadership and human resources partners on various compensation matters, including development of recommendations, stakeholder/change management and communication strategies to educate and enhance understanding of compensation programs as they relate to Total Rewards.
- Oversees the data submission process for all salary surveys and manages the maintenance of a market pricing tool and evaluation of compensation benchmarking strategies.
- Maintains all compensation metrics and policies used for organizational decisions including ensuring appropriate pay equity in alignment with regulations and organizational priorities.
- Proactively manages vendor relationships and acts as primary relationship liaison for vendor product/service selection, contract negotiations, and service quality.
- Ensures corporate compliance of federal and state laws/regulations for compensation programs.
- Maintains contemporary understanding of existing and proposed federal and state laws/regulations affecting human resources management especially for compensation.
- The authority to hire, separate, promote, demote, write, and administer performance evaluations.
- Other duties as assigned, including ad hoc projects.
Benefits
- Medical, dental and vision insurance
- Employer paid group term life and disability
- Employer contribution toward Health Savings Account
- Flexible Spending Accounts
- Paid Time Off (PTO), Paid Holidays and Paid Parental Leave
- 403(b) with a 5% employer match
- Various voluntary benefits: Supplemental Life, AD&D and Disability Critical Illness, Accident and Hospital Indemnity coverage
- Tuition assistance
- Student loan servicing and support
- Adoption benefits
- Backup Childcare and Eldercare
- Employee Assistance Program, and other specialized behavioral health services and resources for employees and family members
- Discount on services at Lurie Children’s facilities
- Discount purchasing program
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What This Job Offers
Job Type
Full-time
Career Level
Director
