Compensation Analyst-Employee Compensation at Northwestern Memorial Healthcare

The Compensation Analyst reflects the mission vision and values of NM adheres to the organizations 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 policiesManage special projects by determining project steps how to accomplish goals chairing committees developing training and solutions to problemsFamiliar 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 practicesSupport 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 approvedAssist 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 ManagerAssign new job codes in PeopleSoft as appropriate and communicate change to MyHR Team to create position numberWork with Recruitment in modifying or updating new job description for appropriate postingReview compliance with licensure/certification standards as required for The Joint CommissionWork with Safety Department to assess Physical Demands and properly document in Job Description AddendumAssess whether the job should be included in Apparel ProgramMaintenance of the Job Description Library on NMI.Compensation Data Analysis:Participate in and conduct salary surveys completing market surveys and compiling data from published sourcesPerform statistical analyses using a variety of tools in order to evaluate external competitiveness and provide data for setting pay during Market Review ProcessComplete analyses benchmarking and tracking for all compensation and compensation-related benefits analysesGather 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 materialsMaintaining the Compensation Dashboard/Metrics.AA/EOEQualifications : Required: Bachelors 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.Additional Information : Northwestern Medicine is an equal opportunity employer (disability VETS) 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.Background CheckNorthwestern Medicine conducts a background check that includes criminal history on newly hired team members and at times internal transfers. If you are offered a position with us you will be required to complete an authorization and disclosure form that gives Northwestern Medicine permission to run the background check.  Results are evaluated on a case-by-case basis and we follow all local state and federal laws including the Illinois Health Care Worker Background Check Act.BenefitsWe 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.Sign-on Bonus Eligibility: Internal employees and rehires who left Northwestern Medicine within 1 year are not eligible for the sign on bonus. Exception: New graduate internal employees seeking their first licensed clinical position at NM may be eligible depending upon the job family. Remote Work : NoEmployment Type : Full-time Key Skills Customer Service,CFA,Ethernet,Fiber,Anesthesia Experience: years Vacancy: 1