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Compensation Analyst
Compensation AnalystUniversity of Chicago • Chicago, IL, US
Compensation Analyst

Compensation Analyst

University of Chicago • Chicago, IL, US
1 day ago
Job type
  • Full-time
Job description

Compensation Analyst

The Compensation Analyst is responsible for supporting the design, implementation, and administration of the Biological Sciences Division's programs to ensure internal equity, external competitiveness, and compliance with applicable regulations. This role conducts market analyses, evaluates job classifications, and partners with HR and BSD leaders to provide data-driven recommendations on pay structures, incentive programs, and compensation policies. The Compensation Analyst also supports annual processes such as salary reviews, market benchmarking, and compensation surveys, ensuring alignment with the BSD's Mission Vision and Values.

Responsibilities include :

  • Assists in development and administration of organization-wide compensation programs.
  • Provides guidance and assistance to the Human Resources team, BSD Leadership, and employees on compensation programs while adhering to the BSD's and regulatory guidelines.
  • Participates in and completes unit specific market salary surveys.
  • Performs salary analyses / assessments and drafts related recommendations and costing when necessary for analyzing market trends and internal equity alignment.
  • Evaluates new or revised job descriptions and position reclassification requests and recommends salary range assignment in cooperation with management staff and HR partners including appropriate communication and follow through of approved implementation.
  • Oversees the maintenance of the job description library to ensure current and accurate documents for all positions.
  • Ensures job descriptions meet all regulatory standards.
  • Audits and determines the FLSA classification of positions based on Department of Labor regulations and guidelines.
  • Acts as the compensation liaison and consultant to central University human resources for compensation practices, policies, and procedures.
  • Assists in developing training for HR and business partners on compensation processes.
  • Keeps informed on trends and regulatory changes relevant to compensation administration and compliance.
  • Interprets compensation policies, processes, and governance. Analyzes and manages the base pay structure and governance approach.
  • Works to coordinate the job evaluation process, including facilitating internal peer reviews and external competitive market pricing surveys and assessments.
  • Performs other related work as needed.

Minimum qualifications include a college or university degree in a related field and 2-5 years of work experience in a related job discipline.

Application documents must be uploaded via the My Experience page, in the section titled Application Documents.

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Compensation Analyst • Chicago, IL, US

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