Sr Dir Compensation

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

23h•Onsite

About The Position

Ann & Robert H. Lurie Children’s Hospital of Chicago is seeking a Senior Director of Compensation to direct and manage the organization's compensation function. This role involves developing, implementing, and administering compensation programs designed to retain and attract talent, aligning with the hospital's strategy and mission. The Senior Director will lead the design and implementation of various compensation programs, including salary structures, incentive plans, and retention programs, in collaboration with finance, legal, and other internal and external partners. Key responsibilities also include managing executive compensation in compliance with regulations, promoting pay transparency and employee engagement, conducting pay equity analyses, and developing materials for governance bodies. The position supports physician compensation evaluation, establishes job evaluation processes, and leads technology solutions for compensation delivery and data integrity. The Senior Director will also monitor compensation spend, advise leadership and HR partners on compensation matters, oversee salary survey submissions, manage market pricing tools, and ensure compliance with federal and state compensation laws and regulations. This role includes managing vendor relationships and maintaining compensation metrics and policies.

Requirements

Bachelor’s degree in business, finance, or related field or comparable experience with any different educational background.
Minimum of seven years of progressive responsibility in compensation.
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.
Expert knowledge of Microsoft Word applications.
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.
Develops, implements, and administers compensation programs designed to retain and attract talent.
Leads the design and implementation of various compensation programs including, but not limited to, salary structures, incentive plans and retention programs.
Partners with finance, legal, and other internal and external partners.
Manages 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.
Works 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.
Develops 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.
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.
Has the authority to hire, separate, promote, demote, write, and administer performance evaluations.
Performs other duties as assigned, including ad hoc projects.

Benefits

Medical insurance
Dental insurance
Vision insurance
Employer paid group term life insurance
Employer paid disability insurance
Employer contribution toward Health Savings Account
Flexible Spending Accounts
Paid Time Off (PTO)
Paid Holidays
Paid Parental Leave
403(b) with a 5% employer match
Supplemental Life insurance
AD&D insurance
Critical Illness coverage
Accident coverage
Hospital Indemnity coverage
Tuition assistance
Student loan servicing and support
Adoption benefits
Backup Childcare
Eldercare
Employee Assistance Program
Specialized behavioral health services and resources for employees and family members
Discount on services at Lurie Children’s facilities
Discount purchasing program