Compensation Consultant
Chicago, IL 
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Job Description

Ann & Robert H. Lurie Children's Hospital of Chicago provides superior pediatric care in a setting that offers the latest benefits and innovations in medical technology, research and family-friendly design. As the largest pediatric provider in the region with a 140-year legacy of excellence, kids and their families are at the center of all we do. Ann & Robert H. Lurie Children's Hospital of Chicago is ranked in all 10 specialties by the U.S. News & World Report.

Location

Olympia Center

Job Description

This role typically involves responsibilities related to designing, implementing, and managing compensation programs within an organization.

Essential Job Functions:

  • Design and maintain the company's salary structure, which includes determining pay grades, salary ranges, and job classifications. They ensure that the compensation structure aligns with industry standards and the organization's goals.

  • Manage annual compensation merit process and bonus calculation process.

  • In collaboration with external partner, play a key role in establishing a job architecture for the organization to establish a clear and consistent way to understand and describe jobs and their levels and to serve as a foundation for people programs and career maps.

  • Conduct job evaluations to determine the appropriate grade and associated pay ranges for jobs across the organization.

  • Analyze market compensation data to ensure the organization's pay rates are competitive within the industry and the region. This includes participating in salary surveys and benchmarking against peer companies.

  • Develop and maintain compensation policies and guidelines that ensure fairness and consistency in pay decisions. This includes addressing issues related to pay equity and diversity.

  • Collaborate with HR and management to create and update compensation plans, including annual salary increases, bonuses, and other pay programs.

  • Analyze data related to compensation to identify trends, make recommendations for improvements, and ensure compliance with legal requirements.

  • Stay up to date with federal, state, and local laws and regulations related to compensation, such as minimum wage laws, overtime regulations, and equal pay laws.

  • Communicate compensation policies and changes to employees and managers, and addressing inquiries or concerns related to compensation.

  • Provide training, expert consultation, and guidance to HR staff, managers, and employees on compensation-related matters.

  • Collaborate with finance and management to budget for compensation expenses, including salary increases, bonuses, and other compensation-related costs.

  • Serve as a subject matter expert and advisor to HR leadership and senior management on compensation matters, including strategies for attracting and retaining talent.

  • Other job functions as assigned.

Knowledge, Skills and Abilities:

  • Education: Bachelor's degree

  • Certification/Licensure/Registration: CCP a plus

  • Years of Relevant Experience: 8 years of experience in compensation with at least 5 years in the healthcare industry

  • Computer Skills (i.e. Software/Hardware): compensation data management tool like Payfactors, Marketpay etc.

  • Other Skills (i.e. Project Management, Negotiation): Project management, analytical, detail orientated

Education

Bachelor's Degree

Benefit Statement

For full time and part time employees who work 20 or more hours per week we offer a generous benefits package that includes:

Medical, dental and vision insurance

Employer paid group term life and disability

Employer contribution toward Health Savings Account

Flexible Spending Accounts

Paid Time Off (PTO), Paid Holidays and Paid Parental Leave

403(b) with a 5% employer match

Various voluntary benefits:

  • Supplemental Life, AD&D and Disability

  • Critical Illness, Accident and Hospital Indemnity coverage

  • Tuition assistance

  • Student loan servicing and support

  • Adoption benefits

  • Backup Childcare and Eldercare

  • Employee Assistance Program, and other specialized behavioral health services and resources for employees and family members

  • Discount on services at Lurie Children's facilities

  • Discount purchasing program

There's a Place for You with Us

At Lurie Children's we embrace and celebrate diversity and equity in a serious way. We are committed to building a team with a variety of backgrounds, skills, and viewpoints - recognizing that diverse identities strengthen our workplace and the care we can provide to the Chicago community and beyond. We treat everyone fairly, appreciate differences, and make meaningful connections that foster belonging and allyship. This is a place where you can be your best, so we can give our best to the patients and families who trust us with their care.

Lurie Children's and its affiliatesare equal employment opportunity employers. We value diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity or expression, religion, national origin, ancestry, age, disability, marital status, pregnancy, protected veteran status, order of protection status, protected genetic information, or any other characteristic protected by law.

Support email: candidatesupport@luriechildrens.org


EEO/AA Employer/Vets/Disability

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full or Part Time
Required Education
Bachelor's Degree
Required Experience
8+ years
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