Compensation Analyst II - Chicago, IL

What Will You Be Doing?

• Analyze comprehensive compensation data, including salary structures and incentive programs; evaluate effectiveness and recommend adjustments.
• Prepare detailed reports on compensation trends, costs, and forecasts to support leadership decision-making.
• Participate in external salary surveys by submitting data, analyzing results, and modeling market trends. Recommend updates to salary structures and geographic differentials to ensure external competitiveness and internal equity.
• Conduct job evaluations and classifications for new and revised positions, benchmarking against market data to ensure alignment with duties, responsibilities, and FLSA status.
• Support annual compensation planning and incentive payout processes, including planning, communications, system execution, and audit activities.
• Collaborate with Talent Acquisition and People & Culture Partners to provide compensation guidance for offers, promotions, and adjustments.
• Partner closely with Talent Management and People & Culture Partners on job description requests, ensuring timely completion and compliance with company standards.
• Maintain the central job catalog, ensuring consistent and accurate job codes, titles, and grade assignments.
• Administer compensation-related systems and tools, ensuring data integrity and accuracy for reporting and analytics.
• Develop and deliver ad hoc reports and dashboards for compensation analyses and strategic projects.

Skills, Knowledge, & Expertise for the job:

• Bachelor’s Degree in Business Administration, Human Resources, or a related field required; or an equivalent combination of education and experience.
• Certified Compensation Professional (CCP) certification preferred.
• 2–5 years of experience in compensation analysis or a related HR discipline.
• Experience working with compensation planning tools and HRIS systems; familiarity with PayFactors, Radford, and SuccessFactors highly preferred.
• Working knowledge of federal, state, and local legislation affecting compensation programs.
• Strong understanding of compensation principles, market pricing, and job evaluation methodologies.
• Advanced proficiency in Microsoft Excel (pivot tables, formulas, VLOOKUPs, modeling) and strong command of Word for document and form creation.
• Excellent written and verbal communication skills with the ability to convey complex information clearly.
• Strong analytical and problem-solving capabilities with a keen eye for accuracy and data integrity.
• Ability to manage multiple projects, meet deadlines, and collaborate effectively with cross-functional teams in a fast-paced environment.