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NORC at the University of Chicago · 1 hour ago

Director of Compensation - Hybrid Chicago Loop Office

Chicago, IL

Full-time

Hybrid

Director/Executive

$135K/yr - $185K/yr

7+ years exp

NORC at the University of Chicago is seeking a Director of Compensation responsible for developing and managing compensation programs across the organization. This role involves collaborating with the NORC People team and business leaders to ensure competitive compensation packages that align with organizational objectives.

AnalyticsGovernmentGovTechNon Profit

Hiring Manager

Maria S.

Responsibilities

Develop and implement compensation strategies: Create and manage compensation strategies, 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

Administer and track special pay transactions, including extra service pay, spot awards, bonuses, employee recognition and ensure proper approval protocols

Conduct market research: Perform salary benchmarking and market analysis to ensure the company's pay is competitive for various roles and recommend changes based on findings. Participate in compensation surveys

Design compensation programs: Develop and administer base pay structures, salary bands, and variable pay programs like bonuses and incentives. Collaborate with managers and leaders to establish new positions and ranges within career ladders

Ensure legal compliance: Stay up to date on federal, state, and local laws and regulations to ensure all compensation plans are compliant. Ensure state and local minimum wage compliance

Collaborate with stakeholders: Serve as subject matter expert and advisor for NORC People team members and senior leadership to provide compensation strategy and guidance on offers, promotions, retention, and the annual performance and merit cycle

Analyze data and report: Use data analysis to monitor pay equity, track trends, and produce reports for management on total rewards

Qualification

Compensation program developmentMarket analysisJob architectureData analysisSHRM-CPCCP certificationAdvanced Excel skillsHRIS systems knowledgeInterpersonal skillsTime managementWritten communicationConflict resolutionProblem-solvingCollaboration skills

Required

Bachelor's degree in Human Resources, Business Administration, Finance, or a related field required

Minimum of 7 years of related experience developing, administering, and supporting compensation programs

Minimum of 3 years in people management

Deep understanding of compensation practices, job structuring, benchmarking methodologies, market analysis, pay equity and transparency requirements

Advanced Excel skills in data gathering and reporting from multiple sources and putting together visual data presentation

Must be able to work independently and prioritize responsibilities to meet deadlines

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

A history of developing innovative solutions and a problem-solving culture

Ability to successfully collaborate and work across multiple functions and disciplines

Expectation of hybrid work schedule of at least two days a week in our Chicago Loop office

Preferred

Master's degree preferred

SHRM-CP, SHRM-SCP, or Certified Compensation Professional (CCP) is preferred

A consultative approach with our business leaders is preferred

Knowledge of HRIS systems (ADP a plus)

Benefits

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, bereavement leave, tuition assistance, and an Employee Assistance Program (EAP).