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Form of workApply now Job no: 501514 Work type: Regular Full-Time Location: Chicago - 55 East Monroe Street, IL Capability Area: Human Resources
The Compensation Analyst will work closely with the NORC People team, NORC business leaders and managers, and external consultants to analyze the impact of a wide range of compensation options. The Compensation Analyst will own the full job architecture and governance, be the champion and expert for the compensation programs throughout the organization and externally, and support the advancement of the program design.
The NORC People department supports NORC's mission and values by collaborating with research, operations, and administrative departments to recruit, develop, and retain top staff. Because NORC is a government contractor, the NORC People team plays a large role ensuring that all staff information and systems remain secure and that our organization is fully compliant with our policies. NORC People is responsible for talent acquisition, hiring, benefits administration, employee relations matters, and performance evaluation programs to ensure our organization is maintaining compliance while keeping employees' best interests in mind.
- Develop and communicate compensation philosophy and structures, job roles, titles, salary ranges, job ladders or career paths, compensation budgets, and guidelines
- Advise managers and leaders on making effective pay decisions that support employee engagement, internal equity, and comply with compensation policy and budgetary guidelines
- Evaluate jobs and develop and maintain job descriptions, job architecture, job classifications and salary scales; evaluate and implement job analysis tools, techniques, and materials
- Administers and tracks special pay transactions including extra service pay, spot awards, bonuses, employee recognition and ensures proper approval protocols
- Participate in compensation surveys, conducts research and analysis on market competitiveness, pay equity, and compensation trends
- Benchmark jobs against data collected and market intelligence to determine competitive compensation for each role, collaborate with managers and leaders to establish new positions and ranges within career ladders
- Research current market practices, measure the effectiveness of existing plans, and evaluating current and future opportunities
- Collect and analyze data from market-based compensation surveys to determine market trends
- Research employee salaries, benefits, and total rewards in similar roles, organizations, and industries and recommend changes based on findings
- Plan and communicate best practices for evaluating and compensating employees, advise leadership and other managers regarding annual salary/performance review process
- Communicate and interpret compensation policies and procedures to employees and managers
- Research and advise on relevant state and federal laws to ensure NORC remains compliant with its compensation practices and policies
- Ensure state and local minimum wage compliance
- Maintains knowledge of regulatory requirements relating to paid leave, Service Contract Act transactions and correspondence to ensure compliance
- Work with legal firm and executive leadership to conduct privileged pay and promotion review annually
- Bachelors' degree in the human resources or similar field
- Minimum 5 years human resources, or finance experience, including a minimum of 3 years in compensation analysis and administration
- SHRM-CP, SHRM-SCP, or compensation certification
- Strong analytical skills
- Must be able to work independently and prioritize responsibilities to meet deadlines
- Advanced Excel skills in data gathering and reporting from multiple sources
- Visual data presentation
- Knowledge of HRIS systems (ADP a plus)
- Demonstrated high level of interpersonal skills to handle sensitive, confidential situations and an ability to interact with individuals at all levels of the organization
- Requires effective organization and time management skills, the ability to multi-task, work independently, while also being a contributing team member
- Strong written and verbal communication skills
- Strong relationship builder and conflict resolution skills
STRONGLY DESIRED EXPERIENCE:
- HR policy administration
- Benchmarking
- Data literacy and analysis
- Market pricing
- Salary planning and program administration
- Compensation budget modeling
- Job evaluation
- Compensation program design
- Quantitative and qualitative research methods
The pay range for this position is $70,000 - $115,000.
This position is classified as regular. Regular staff are eligible for NORC's comprehensive benefits program. Benefits include, but are not limited to:
Generously subsidized health insurance, effective on the first day of employment
Dental and vision insurance
A defined contribution retirement program, along with a separate voluntary 403(b) retirement program
Group life insurance, long-term and short-term disability insurance
Benefits that promote work/life balance, including generous paid time off, holidays; paid parental leave, tuition assistance, and an Employee Assistance Program (EAP).
NORC's Approach to Equity and Transparency
Pay and benefits transparency helps to reduce wage gaps. As part of our commitment to pay equity and salary transparency, NORC includes a salary range for each job opening along with information about eligible benefit offerings. At NORC, we take a comprehensive approach to setting salary ranges and reviewing raises and promotions, which is overseen by a formal Salary Review Committee (SRC).
NORC at the University of Chicago is an objective, non-partisan research institution that delivers reliable data and rigorous analysis to guide critical programmatic, business, and policy decisions. Since 1941, our teams have conducted groundbreaking studies, created and applied innovative methods and tools, and advanced principles of scientific integrity and collaboration. Today, government, corporate, and nonprofit clients around the world partner with us to transform increasingly complex information into useful knowledge.
WHO WE ARE:For over 80 years, NORC has evolved in many ways, moving the needle with research methods, technical applications and groundbreaking research findings. But our tradition of excellence, passion for innovation, and commitment to collegiality have remained constant components of who we are as a brand, and who each of us is as a member of the NORC team. With world-class benefits, a business casual environment, and an emphasis on continuous learning, NORC is a place where people join for the stellar research and analysis work for which we're known, and stay for the relationships they form with their colleagues who take pride in the impact their work is making on a global scale.
EEO STATEMENT:NORC is an affirmative action, equal opportunity employer that values and actively seeks diversity in the workforce. NORC evaluates qualified applicants without regard to race, color, religion, sex, national origin, disability, status as a protected veteran, sexual orientation, gender identity, and other legally protected characteristics.
Advertised: November 29, 2023 Central Standard Time Applications close:
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