Compensation Analyst Sr
CommonSpirit Health • CHICAGO, IL12d
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Compensation Analyst Sr
CommonSpirit Health•CHICAGO, IL
About The Position
The Sr. Compensation Analyst supports 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 and compensation data to provide analytical insights for compensation decisions and programs, including research, modeling, and in-depth analysis of base pay and incentive programs. The analyst evaluates jobs, conducts market pricing and compensation surveys, determines pay grades, and applies standard job evaluation methodologies. The role helps ensure compensation programs and practices are competitive, equitable, and compliant with regulatory requirements. It also consults with leaders on compensation issues and mentors compensation analysts and specialists, potentially serving as a point of contact for smaller markets or service lines.
Requirements
- Bachelor’s degree required; five years of related job or industry experience may be substituted for the degree.
- Four years of progressive compensation or analytics experience.
- Knowledge of compensation plan design, market pricing, job evaluation methodologies, and regulatory compliance.
- Analytical skills, attention to detail, and 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 compensation projects.
- Facilitate the delivery, education, and communication of compensation programs.
- Participate in or complete salary surveys, analyze survey results, and assist with designing or revising salary structures.
- Review and consult with human resources or managers on new or revised jobs; conduct job evaluations, determine FLSA status, and provide salary recommendations to support internal equity and market alignment.
- 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 Centers of Excellence, HR Technology, and other colleagues to continually improve compensation processes and technology.
- Identify issues and concerns and offer potential solutions.
- Ensure the accuracy of compensation-related data maintained in company information systems and databases.
- Consult with leaders on compensation issues and 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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