Senior Compensation Analysis

Vaco
$45.00 - $50.00 / hr
United States, Illinois, Chicago
Nov 21, 2024
Vaco is searching for Compensation Analyst in the Chicago area. This role supports the creation, development, implementation, and communication of the company's compensation programs, tools, and processes. Analyzes job roles, hourly wages, salaries, and incentives to ensure internal fairness, external competitiveness, and legal compliance of the organization's pay practices. Assists with developing and implementing compensation-related training and projects. Responsibilities Serves as SME on projects for larger compensation initiatives. Supports and identifies opportunities for enhancement and change in compensation programs, policies and procedures. Recommends and implements approved changes to process and policy. Conducts job evaluation analyses. Evaluates positions using standard job evaluation techniques. Conducts equity analyses both internal and external. Presents written recommendations based on analysis and budgetary considerations, and maintains department log to document requests and outcomes/ Partners with HRBP to consult and advise on departmental requests, providing options and solutions to create alignment and synergy across the hospital system. Conducts large scale market studies, creating cost-effective solutions and presenting proposals to department management. Assists in developing solutions for complex issues that arise within the medical center that have a compensation component. Completes and submits relevant salary surveys. Maintains log of survey participation. Assists in preparing budget estimates for survey expenses. Coordinates work with outside consultants regarding special surveys or wage studies. Partners with HRBP and leaders to revise job descriptions using data received from managers, incumbents, third parties, and knowledge of the company's policies and culture. Works with HRIS to ensure updates regarding compensation related HR data in the system of record. Acts as a compensation subject matter expert on system implementations impacting compensation. Assists in the management of the annual performance evaluation and merit increase process. Coordinates the flow of data from departments to approvers and HR. Manages the annual update of medical center salary structures based on analysis of benchmark survey data. Assists with education, training and quality audit activities to ensure compliance with current Joint Commission Human Resource Standards. Serves as an expert resource to others in department and throughout medical center, providing advice and consultation to regarding pay decisions and compensation guideline interpretation. Conducts training for people managers. Reviews and recommends changes to compensation policies and procedures. Focuses on process automation for compensation administrative tasks. Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply. EEO Notice Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law. Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com . Vaco also wants all applicants to know their rights that workplace discrimination is illegal. By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal. Privacy Notice Vaco LLC and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco") respects your privacy and are committed to providing transparent notice of our policies. California residents may access Vaco's HR Notice at Collection for California Applicants and Employees here. Virginia residents may access our state specific policies here. Residents of all other states may access our policies here. Canadian residents may access our policies in English here and in French here. Residents of countries governed by GDPR may access our policies here. Pay Transparency Notice Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to: the individual's skill sets, experience and training; licensure and certification requirements; office location and other geographic considerations; other business and organizational needs. With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.