Compensation Analyst
CommonSpirit Health • Chicago, IL11d • $43 - $64
Compensation Analyst Jobs in Chicago, IL
8 jobs found — updated daily
Compensation Analyst
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Compensation Analyst Sr
CommonSpirit Health•Chicago, IL
•$43 - $64
About The Position
The Senior Compensation Analyst supports CommonSpirit Health compensation programs from plan design through implementation and ongoing administration, serving as a trusted advisor and subject matter expert. The role applies knowledge of base and variable pay, data analysis, and compensation practices to inform compensation-related decisions and programs. It provides analytical support, research, modeling, and in-depth analysis for base pay and incentive programs, while helping ensure programs and practices are competitive, equitable, and compliant with regulatory requirements. The analyst supports the planning, development, and implementation of new and revised compensation programs, including base pay administration, annual salary increase processes, variable pay administration, special pay practices, and ad hoc projects. The position also contributes to salary surveys and salary structure design, evaluates jobs, determines FLSA status, and provides salary recommendations. It prepares regular and ad hoc reports, supports special projects such as executive compensation analysis, labor negotiations, and mergers and acquisitions, and partners with HR centers of excellence, HR Technology, and other colleagues to improve processes and technology. The role may serve as a point of contact for smaller markets or service lines and may mentor and guide compensation analysts and specialists.
Requirements
- Four years of progressive compensation or analytics experience.
- A bachelor’s degree, or five years of related job or industry experience in lieu of a degree.
- Extensive experience as a compensation analyst, including understanding of compensation plan design, market pricing, job evaluation methodologies, and regulatory compliance.
- Exceptional analytical skills and meticulous attention to detail.
- Proficiency in data modeling and statistical analysis.
Responsibilities
- Support the planning, development, and implementation of new and revised compensation programs.
- Provide analytical support for compensation program management and implementation, including base pay administration, annual salary increase processes, variable pay programs, special pay practices, and ad hoc projects.
- Facilitate the delivery, education, and communication of compensation programs.
- Participate in or complete salary surveys and analyze survey results.
- Assist with the design or revision of salary structures.
- Review and consult on new or revised jobs, conduct job evaluations, determine FLSA status, and provide salary recommendations.
- Perform market pricing, determine pay grades, and conduct associated analyses using standard job evaluation methodologies.
- 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 continuously improve compensation processes and technology.
- Identify issues and concerns and offer potential solutions.
- Ensure compensation-related data in company information systems and databases is accurate.
- Consult with leaders on compensation issues and potentially serve as a point of contact for smaller markets or service lines.
- Mentor and guide compensation analysts and specialists.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
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Frequently Asked Questions
Common questions about Compensation Analyst in Chicago, IL careers and jobs.
Based on current job postings on Teal, the average Compensation Analyst salary in Chicago, IL is approximately $98,000 per year, with a typical range of $70,000 to $140,000.
