Compensation Analyst - Chicago, United States - S&C

Description

Job Description

The Compensation Analyst is responsible for providing support on compensation related matters, policies, and procedures. Collaborates with HR partners and business leaders to advise and execute on compensation policies and initiatives. Conducts job evaluations, market analyses, and research to support decisions and program recommendations. Support key, annual projects such as market pricing review/update, compensation planning cycle, etc. Partner with other team members to ensure technology, guidelines and processes are consistently applied.

Responsibilities
Prepares and maintains job descriptions and career framework profiles for each position in the organization; ensures descriptions accurately reflect the work being performed by incumbents
Analyzes job profiles and specifications using job evaluation and leveling techniques. Aligns jobs and establishes compensation parameters equitable within the organization and competitive to the external market. Ensures all reviewed jobs have the proper exemption status, meet compliance requirements, and regulatory standards.

Participate in compensation and benefits discussions by providing insights into job roles and market trends to ensure fair and competitive compensation packages.

Keep up to date with industry trends, best practices, and legal requirements related to job analysis, job descriptions, and HR practices
Collaborate with Talent Enablement to ensure the Career Framework competencies are aligned to job evaluations.
Participates in third-party compensation surveys and compiling data from published sources. Performs research with peer companies and similar external markets. Ensure data is accurate and available for use.
Evaluates and implements job analysis instruments and materials.
Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position
Gathers data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends

Additional Functions
Create detailed standard work documentation
Support the administration of Compensation programs at the direction of the Manager-Compensation and Director-Global Total Rewards
Support and manage various special compensation projects as assigned
Maintain regular and punctual attendance
Attend in-person or virtual meetings as requested or required
Communicate effectively and respectfully with others
Drive a car or other vehicle
Understand and comply with all applicable Company policies and rules
Other responsibilities as assigned

Education

Required
Associate's degree in Human Resources, Industrial/Organizational Psychology, Business Administration, or a related field
Proven experience as a Job Analyst or Compensation Analyst
In lieu of a degree, 4+ years of experience in broad-based compensation with a strong understanding of job evaluation techniques

Preferred

Bachelor's degree in Human Resources or a related field

Certification in HR-related disciplines (e.g., SHRM-CP, PHR, CIPD)

Skills, Knowledge, & Experience

Required
Experience as a compensation analyst
Proficiency with the Microsoft 365 Business Suite (i.e., Excel, Word, Outlook)
Communicate professionally, through both written and verbal communications
Analyze and problem-solve
Execute time management and organizational skills, pay attention to detail, and prioritize and meet deadlines
Provide exceptional customer service and negotiation services
Strong understanding of job evaluation methodologies, competency modeling, and HR best practices
Proficiency in using HR software and tools for data collection, analysis, and documentation
Strong interpersonal skills to collaborate with clients, team members, and stakeholders
Ability to maintain confidentiality and handle sensitive information with discretion
Ability to manage multiple projects simultaneously, meet deadlines, and prioritize tasks effectively
Awareness of labor laws, regulations, and equal employment opportunity guidelines that impact job evaluation and description processes

Preferred

Proficiency in Spanish

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Physical Requirements

Sitting

Continuously required to remain in a stationary position and perform desk-based for [range] minutes/hours at a time approximately 5 days per work week.

Walking

Infrequently required to walk moderate distances

Manual Dexterity
Infrequently required to use hand-eye coordination to control both hands and arms for a full range of motion to operate equipment/machinery/power tools/office productivity equipment
Ascending / Descending
Infrequently ascending or descending ladders/stairs/scaffolding/ramps/poles
Observation / Eyesight
Infrequently required to observe details at close range including depth perception, peripheral vision, and the ability to differentiate between colors
Communication

Continuously required to talk and hear, in person and by phone/conference calls

Travel

Occassionally required to travel (up to 10%) and work extended hours when necessary. Required to travel overnight. Required to travel internationally.
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