Compensation and Analytics Analyst

$83,200 - $83,200/Yr

Dismas Charities - Chicago, IL

Full-time - Mid Level

Remote - Chicago, IL

Nursing and Residential Care Facilities

About the position

The Compensation Analyst is responsible for managing the compensation function as well as analyzing and reporting on HR metrics and data. This role plans, develops, and implements new and revised compensation programs, policies, and procedures to align with the company's goals and competitive practices. This position is also responsible for ensuring that company compensation programs are consistently administered in compliance with internal policies and government regulations. The analyst will monitor the effectiveness of existing compensation practices and recommend changes that are cost-effective and consistent with the organization's Compensation Philosophy. In addition to managing the development, implementation, and administration of compensation programs, the analyst will provide advice to corporate staff on pay decisions, policy interpretations, and job evaluations. They will oversee the implementation and execution of the annual merit process and participate in salary surveys, monitoring salary survey data to ensure corporate compensation objectives are achieved. The analyst will ensure that all roles within the organization have current job descriptions that accurately reflect departmental needs and will run compensation analyses to ensure market pricing is current and accurate for all roles. The role also involves conducting data and cost analyses for employee negotiations and collective bargaining agreements, administering short and long-term incentive programs, and analyzing data and statistics to compile HR metrics from various sources. The analyst will prepare reports of data analysis, present findings to senior leadership, and identify and recommend short- and long-term goals, milestones, and benchmarks for key performance metrics. Compliance with federal, state, and local compensation laws and regulations is crucial, and the analyst will advise management on applicable regulations. Other duties may be assigned as necessary.

Responsibilities

• Manage the development, implementation, and administration of compensation programs.
• Monitor the effectiveness of existing compensation practices and recommend changes that are cost-effective and consistent with compensation trends.
• Provide advice to corporate staff on pay decisions, policy interpretations, and job evaluations.
• Oversee the implementation and execution of the annual merit process.
• Participate in salary surveys and monitor salary survey data to ensure corporate compensation objectives are achieved.
• Ensure all roles within the organization have current job descriptions that accurately reflect departmental needs.
• Run compensation analysis for all roles to ensure market pricing is current and accurate.
• Conduct data and cost analyses for employee negotiations and collective bargaining agreements.
• Administer short and long-term incentive programs.
• Analyze data and statistics to compile HR metrics from various sources.
• Prepare reports of data analysis and present findings to senior leadership.
• Identify and recommend short- and long-term goals, milestones, and benchmarks for key performance metrics.
• Ensure compliance with federal, state, and local compensation laws and regulations.

Requirements

• Bachelor's degree preferred.
• Four years of progressively responsible experience in employee compensation.
• Expert knowledge of Federal, State, and local employment laws and regulations as they apply to compensation practices.
• Strong analytical skills and ability to interpret and communicate data.
• Demonstrated ability to achieve results through influence and collaboration.
• Ability to handle highly confidential information.
• Computer proficiency and technical aptitude with Microsoft products, including Excel.
• Strong leadership, team management, and interpersonal skills.
• Excellent written and verbal communication skills.
• Extensive knowledge of quantitative and qualitative research methods.
• Excellent organizational and time management skills.

Nice-to-haves

• Experience managing a diverse team/subordinates is preferred.
• Problem-solving mindset.