Biological Sciences Division at the University of Chicago · 1 day ago
Compensation Analyst
Greater Chicago Area
Full-time
Hybrid
Entry, Mid Level
$70K/yr - $85K/yr
2+ years expThe University of Chicago's Biological Sciences Division is seeking a Compensation Analyst to support the design, implementation, and administration of compensation programs. The role involves conducting market analyses, evaluating job classifications, and providing data-driven recommendations to ensure internal equity and external competitiveness.
Higher Education
Responsibilities
Assists in development and administration of organization-wide compensation programs. Assures, through audits, reports, and personal contact, that organization compensation programs are consistently administered in compliance with company policies and government regulations
Provides guidance and assistance to the Human Resources team, BSD (Biological Science Division) Leadership, and employees on compensation programs while adhering to the BSD’s and regulatory guidelines. Maintains and updates compensation policies and procedure documents and related materials, including salary structures, job code listing, etc
Participates in and completes unit specific market salary surveys. Maintains the organization’s market pricing tool/database for all organizational jobs. Assesses market competitiveness, internal equity, and position salary grade assignments. Collaborates with management to determine cost, budget, and adjustments to ensure fair and competitive pay practices
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 (Fair Labor Standard) 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
Qualification
Required
Minimum requirements include a college or university degree in related field
Minimum requirements include knowledge and skills developed through 2-5 years of work experience in a related job discipline
Resume (required)
Preferred
Cover Letter (preferred)
Benefits
The University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off.
Company
Biological Sciences Division at the University of Chicago
As part of the University of Chicago, the Biological Sciences Division (BSD) pursues globally impactful solutions to seemingly unsolvable challenges.
1001-5000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase