Northwestern Memorial Healthcare - Air Force Academy, CO
posted about 1 month ago
The Sr. Compensation Analyst at Northwestern Medicine plays a crucial role in supporting the organization's compensation strategy and pay programs. This position is designed for an individual who reflects the mission, vision, and values of Northwestern Medicine, adhering to the organization's Code of Ethics and Corporate Compliance Program. The analyst will work under the general direction of the System Compensation Manager and will be responsible for interacting with various levels within the organization to deliver effective compensation solutions. This role requires significant discretion and the ability to manage multiple projects simultaneously. The primary responsibilities include conducting comprehensive market reviews to assess base pay, which involves identifying, extracting, and manipulating compensation data from both internal and external sources. The analyst will provide summary findings and recommendations to the Compensation Manager and stakeholders, including insights on budgetary impacts and implementation protocols. Additionally, the analyst will be responsible for the merit program, which includes gathering external market data and trends to inform the annual salary increase budget and reviewing current salary plan ranges. Incentive and special pay programs are also under the purview of the Sr. Compensation Analyst, who will coordinate the annual employee bonus program and develop other compensation programs as needed. The role includes reviewing job descriptions and determining salary plans and grades for new or existing positions, as well as conducting market research to inform Total Rewards and Talent Programs. The analyst will also engage in generalist responsibilities, consulting with management and employees on compensation practices, authorizing non-standard personnel actions, and maintaining the integrity of compensation data in PeopleSoft. The position requires proactive identification of operational improvement opportunities and the management of special projects as assigned. Overall, this role is integral to ensuring that Northwestern Medicine remains competitive in its compensation offerings while supporting the organization's commitment to equity and service.