Compensation Analyst

City Colleges of Chicago

Jan 12, 2025

Applications are closed

Job
Full-time
Mid Level
People, HR & Administration
Accounting & Tax
Chicago

Requirements

· Bachelor’s Degree in Human Resources, Business Administration, Finance, Accounting or related field from an accredited college or university, supplemented by four years of direct compensation experience
· An equivalent combination of education and experience may be considered based on the applicant’s credentials
· Proven experience in writing and revising position descriptions.
· Familiarity with job evaluation methods, salary structures, and market analysis preferred
· Experience with PeopleSoft or similar HRIS systems preferred
· Strong analytical and problem-solving skills, with the ability to identify issues, analyze root causes, and develop practical solutions.
· Excellent verbal, written, and interpersonal communication skills
· Excellent organizational skills with the ability to manage multiple tasks and deadlines while maintaining a strong attention to detail.
· Ability to conduct research for salary surveys, job descriptions, and compensation reviews.
· Ability to work effectively with employees at all levels of the organization, including internal and external stakeholders.
· Strong research and analytical skills, with the ability to prioritize work and manage responsibilities independently.
· Ability to approach all situations with tact, persuasion, and diplomacy.
· Ability to maintain strict confidentiality and handle sensitive information with discretion.
· Ability to work independently and as part of a team.
· Ability to work within a culturally diverse environment.
· Proficiency in the use of Microsoft Office 365 (Word, Excel, PowerPoint, Outlook), including experience using Excel to create reports and analyze data.

Responsibilities

Collaborates with management to analyze new and existing positions, assessing duties and responsibilities. Conducts research on occupational trends and statistical data to make informed recommendations.
Drafts and revises job descriptions to accurately reflect job duties and responsibilities, using this information to determine appropriate salary ranges. Assesses and determines the Fair Labor Standards Act (FLSA) status for positions.
Conducts job audits to ensure accurate position classifications, evaluates positions, and communicates findings to college administration for implementation.
Reviews employee reclassification requests to new job titles, analyzing Job Analysis Questionnaires (JAQs), conducting interviews, and gathering data to recommend appropriate classifications.
Assists in administering pay increases per collective bargaining agreements. Supports collective bargaining teams by providing data and cost analysis/projections of salary-related issues.
Assists in reviewing and approving rate change requests and pay rates for all full-time and part-time employees. Provides support in maintaining market and internal salary equity and recommending competitive pay ranges based on the duties and required qualifications of the position. Consults with district administrators to determine appropriate starting salaries for new employees. Reviews position duties, required qualifications, candidate credentials, salary history and internal equity to determine appropriate starting salary level.
Develops, conducts, and participates in salary surveys to provide the district with current market salary data. Analyzes data from external and ad hoc surveys, presenting results to management to support compensation recommendations.
Provides support and guidance to District and College staff on employee compensation matters.
Actively participates in special projects, providing comprehensive support to departmental initiatives and contributing expertise as needed.
Performs related duties as required.

FAQs

What is the primary role of a Compensation Analyst at City Colleges of Chicago?

The primary role of a Compensation Analyst is to assist in administering employee compensation programs, including creating and revising position descriptions, overseeing wage and salary administration, performing data analysis, and providing guidance on compensation-related matters.

What qualifications are required for the Compensation Analyst position?

A Bachelor’s Degree in Human Resources, Business Administration, Finance, Accounting, or a related field is required, along with four years of direct compensation experience. An equivalent combination of education and experience may also be considered.

What skills are important for the Compensation Analyst role?

Important skills include strong analytical and problem-solving abilities, excellent verbal and written communication, organizational skills, proficiency in Microsoft Office 365, and the ability to maintain confidentiality and work effectively in a diverse environment.

What kind of experience is preferred for candidates applying for this position?

Preferred experience includes writing and revising position descriptions, familiarity with job evaluation methods and market analysis, and experience with HRIS systems like PeopleSoft.

Who does the Compensation Analyst report to?

The Compensation Analyst reports to the Director of Compensation.

Is there any opportunity for professional development or support for further education?

Yes, the position offers tuition reimbursement as part of the benefits package, supporting ongoing education and professional development.

Are there specific benefits provided to employees in this role?

Yes, employees receive an excellent health and welfare benefit package, long-term savings and investment programs, generous vacation and sick days, and access to pension plans.

What is the work environment like for the Compensation Analyst position?

The work environment is culturally diverse, and the position requires the ability to work independently as well as part of a team.

Is Chicago residency required for this position?

Yes, Chicago residency is required for all full-time employees within six months of hire.

Are there special projects that the Compensation Analyst might be involved in?

Yes, the Compensation Analyst will actively participate in special projects, providing comprehensive support to departmental initiatives and contributing expertise as needed.

City Colleges of Chicago

Education

Industry

1001-5000

Employees

1911

Founded Year

Mission & Purpose

City Colleges of Chicago is the largest community colleges system in Illinois and one of the largest in the nation, with over 4,000 faculty members and staff serving more than more than 80,000 students annually at seven colleges and five satellite sites. With locations across the City of Chicago, the seven colleges include Richard J. Daley College, Harold Washington College, Kennedy-King College, Malcolm X College, Olive-Harvey College, Harry S Truman College and Wilbur Wright College. CCC also oversees the award-winning Washburne Culinary & Hospitality Institute, the French Pastry School, the Parrot Cage Restaurant at South Shore Cultural Center, the Sikia Banquet Facility, five Child Development Centers, the Center for Distance Learning, the Workforce Academy and radio station WKKC FM 89.3.