The Compensation Analyst assists in the development of and executes company compensation programs, tools and processes. The incumbent will conduct analyses of jobs, hourly wages, salaries, and incentives in order to evaluate internal equity, external competitiveness, as well as legal compliance of the organization's pay practices. The Compensation Analyst assists with the implementation of compensation training and projects. The person needs to have strong interpersonal skills, be very detailed, and have excellent communication skills. Also, must be willing to have fun, work hard, and have a true passion to help solve problems and help others.
Position Responsibilities:
Supports entitles that are part of the Rush University System for Health on compensation policies, programs and practices.
Serves as SME on smaller projects supporting compensation initiatives. Supports and identifies opportunities for enhancement and change in compensation programs, policies and procedures. Assists with Implementing 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 entity HR leaders to consult on departmental requests, providing options and solutions while ensuring alignment across all entities.
Conducts market studies as needed, creating cost-effective solutions and presenting proposals to management. Assists in developing solutions for complex issues that arise within the medical center that have a compensation component.
Manages compensation data that rush subscribes to in PayFactors. Maintains and manages survey portfolio. Assists in preparing budget estimates for survey expenses. Coordinates work with outside consultants regarding special surveys or wage studies.
Partners with entity HR 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. Participates as 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 in collaboration with senior members of the team.
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 management regarding pay decisions and compensation guideline interpretation.
Reviews and recommends changes to compensation policies and procedures. Focuses on process automation for compensation administrative tasks.
Completes special projects and other duties as assigned.
Exemplifies the Rush mission, vision and values and acts in accordance with Rush policies and procedures.
Position Qualifications Include:
Undergraduate Degree in Accounting or Finance
Advanced Excel and Word skills
Highly organized, detail-oriented, a strong work ethic, and demonstrated teamwork skills
Excellent time management skills and the ability to manage multiple deadlines/assignments
Personal motivation and a sense of ownership
Excellent written and verbal communication skills
Company Highlights:
Rush University is ranked 22nd on the Times Higher Education's 2016 list of the world's top 150 universities under 50 years of age.
Rush University is a health science university that is integral to Rush, an academic health system that includes three hospitals and numerous outpatient care facilities.
Rush University's Nursing Administration program is ranked in the top four in the nation by U.S. News & World Report.
Rush is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
