Compensation Analyst

The salary range for this position is $30.86 - $43.20 (Hourly Rate)

Placement within the salary range is dependent on several factors such as relevant work experience and internal equity. For positions represented by a labor union, placement within the salary range is guided by the rules outlined in the collective bargaining agreement.

We offer a wide range of benefits that provide employees with tools and resources to improve their physical, emotional, and financial well-being while providing protection for unexpected life events. Please visit our Benefits section located at jobs.nm.org/benefits to learn more.

Northwestern Medicine is powered by a community of colleagues who are purpose-driven and committed to our mission to deliver world-class care. Here, you'll work alongside some of the best clinical talent in the nation leading the way in medical innovation and breakthrough research with Northwestern University Feinberg School of Medicine.

We recognize where you've been, and we support where you're headed. We celebrate diverse perspectives and experiences, which fuel our commitment to equity and culture of service.

Grow your career with comprehensive training and development opportunities, mentorship programs, educational support and student loan repayment.

Create the life you envision for yourself with flexible work options, a Reimbursable Well-Being Fund and a Total Rewards package that support your physical, mental, emotional, and financial well-being.

Make a difference through volunteer opportunities we offer in local communities and drive inclusive change through our workforce-led resource groups.

From discovery to delivery, come help us shape the future of medicine.

Benefits:

• $10,000 Tuition Reimbursement per year ($5,700 part-time)
• $10,000 Student Loan Repayment ($5,000 part-time)
• $1,000 Professional Development per year ($500 part-time)
• $250 Wellbeing Fund per year ($125 for part-time)
• Matching 401(k)
• Excellent medical, dental and vision coverage
• Life insurance
• Annual Employee Salary Increase and Incentive Bonus
• Paid time off and Holiday pay

Description

The Compensation Analyst reflects the mission, vision, and values of NM, adheres to the organization’s Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards.

Under the direction of the Compensation Manager, the incumbent will interact with all levels within the system to support the compensation strategy, pay programs and policies, as well as, provide assistance in the delivery of compensation solutions. This position will also be involved in Total Rewards and Talent Programs, including: PTO Program; Physician Compensation; Metrics/Forecasting Budgetary Analytics.

Responsibilities:

• Under the guidance of the Compensation Manager, provide feedback to Directors, Managers and employees based on thorough knowledge of compensation policies
• Manage special projects by determining project steps, how to accomplish goals, chairing committees, developing training and solutions to problems
• Familiar with Total Rewards and Talent Programs, including: PTO Program; Physician Compensation; Metrics/Forecasting Budgetary Analytics.
• Salary Changes:
  • Adjudicate salary change requests including transfers, demotions and promotions, by applying knowledge of NMHC policies and practices
  • Support Recruitment by maintaining Recruitment Calculator Tools to assist with offers and conduct internal equity reviews.
• Job Descriptions:
  • Manage the process by which job descriptions are created, revised, reviewed and approved
  • Assist in the determination of the appropriate pay grades for newly created positions by pulling market data internal and external to make appropriate recommendation to Compensation Manager
  • Assign new job codes in PeopleSoft as appropriate and communicate change to MyHR Team to create position number
  • Work with Recruitment in modifying or updating new job description for appropriate posting
  • Review compliance with licensure/certification standards as required for The Joint Commission
  • Work with Safety Department to assess Physical Demands and properly document in Job Description Addendum
  • Assess whether the job should be included in Apparel Program
  • Maintenance of the Job Description Library on NMI.
• Compensation Data Analysis:
  • Participate in and conduct salary surveys, completing market surveys and compiling data from published sources
  • Perform statistical analyses using a variety of tools in order to evaluate external competitiveness and provide data for setting pay during Market Review Process
  • Complete analyses, benchmarking and tracking for all compensation and compensation-related benefits analyses
  • Gather information, design and prepare material for presentation to Senior Management in support of various compensation activities including: Annual Salary Merit/Market Increase Budget Support; Seasonal Market Reviews by Job Family; and Bonus Programs, such as the Manager and Director Incentive Programs.
• Financial:
  • Assist in the organization, tracking and payment of account payables (i.e. vendors and survey bills)
  • Document, log and request special payments via the special pay file.
• Other duties and responsibilities, as assigned, including:
  • Responsibility for data integrity of all compensation and compensation-related materials
  • Maintaining the Compensation Dashboard/Metrics.
• AA/EOE

Qualifications

Required:

• Bachelor's degree in HR, Industrial/Organizational Psychology, Finance, or Business Administration.
• 1-2 years of related experience.
• Experience with HRIS and strong Microsoft Excel skills.
• Project and time management skills essential.
• Analytical and critical thinking skills.
• Exercise good judgment in handling sensitive information.
• Ability to communicate effectively with all levels in the organization.

Preferred:

• PowerPoint skills.
• PeopleSoft skills.
• Familiar with Kronos and Authoria Technology.

Equal Opportunity

Northwestern Medicine is an affirmative action/equal opportunity employer and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national origin, gender identity, veteran status, disability, sexual orientation or any other protected status.

Benefits

We offer a wide range of benefits that provide employees with tools and resources to improve their physical, emotional, and financial well-being while providing protection for unexpected life events. Please visit our Benefits section to learn more.