Compensation Analyst
At Northwestern Medicine, every patient interaction makes a difference in cultivating a positive workplace. This patient-first approach is what sets us apart as a leader in the healthcare industry. As an integral part of our team, you'll have the opportunity to join our quest for better healthcare, no matter where you work within the Northwestern Medicine system. At Northwestern Medicine, we pride ourselves on providing competitive benefits : from tuition reimbursement and loan forgiveness to 401(k) matching and lifecycle benefits, we take care of our employees. Ready to join our quest for better?
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 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 sources
Perform 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 materials
Maintaining the Compensation Dashboard / Metrics.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.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.
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.