Sr Dir Compensation

Ann & Robert H. Lurie Children's Hospital of Chicago•Chicago, IL

About The Position

Ann & Robert H. Lurie Children’s Hospital of Chicago provides superior pediatric care in a setting that offers the latest benefits and innovations in medical technology, research and family-friendly design. As the largest pediatric provider in the region with a 140-year legacy of excellence, kids and their families are at the center of all we do. Ann & Robert H. Lurie Children’s Hospital of Chicago is ranked in all 10 specialties by the U.S. News & World Report. General Summary of Position Responsibility: 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.

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

For full time and part time employees who work 20 or more hours per week we offer a generous benefits package that includes:
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