Sr. Compensation Analyst

2 days ago

Chicago, United States HUB International Full time

ABOUT US

At HUB International, we are a team of entrepreneurs. We believe in protecting and supporting the aspirations of individuals, families, and businesses. We help our clients evaluate their risks and develop solutions tailored to their needs. We believe in empowering our employees to learn, grow, and make a difference. Our structure enables our teams to maintain their own unique, regional culture while leveraging support and resources from our corporate centers of excellence.


HUB is the 5th largest global insurance and employee benefits broker, providing a boundaryless array of business insurance, employee benefits, risk services, personal insurance, retirement, and private wealth management products and services. With over $5 billion in revenue and more than 19,000 employees in 600 offices throughout North America, HUB has grown substantially, in part due to our industry leading success in mergers and acquisitions.


Job Summary:

Reporting to the Senior Manager of Compensation, the Senior Compensation Analyst conducts analysis and interpretation related to the organization’s compensation programs. This role will work with the Total Rewards team to design and communicate pay structures, grades, compensation budgets, and guidelines. The Senior Compensation Analyst will advise HR partners and business leaders on making effective pay decisions that support employee engagement, while complying with compensation policy and budgetary guidelines.


This is a hybrid role in either our downtown Chicago or Oakbrook location.


Key Responsibilities (May include but not limited to):

Evaluates jobs, documents responsibilities, and aligns to the overall job architecture strategy.

  • Participates in compensation surveys, conducts research and analysis on market competitiveness, pay equity, and compensation trends.
  • Conducts market analysis of company jobs to determine competitive positioning of the organizations’ pay programs.
  • Participates in the administration, creation, development, and maintenance, of the annual programs, such as commissions, incentives, merit, salary increase budgets, and salary structures.
  • Consults with HR Partners, Talent Acquisition team members, and business leaders on reward philosophy, market pricing, internal equity, job evaluation, broadband structures, and compensation recommendations.
  • Leads compensation related projects used to enhance programs across the organization.
  • Partners with other leaders dedicated to the implementation or process improvement of compensation programs.
  • Provides expertise in accessing, changing, maintaining, and assuring the quality of compensation and HR databases.
  • Recommends job classifications and manage the integrity across entire population to ensure compensation practices are in compliance with current regulations in all markets.
  • Conduct job evaluations for all levels (non-exempt, exempt, managerial and executive level roles).
  • Responsible for working with highly sensitive and confidential information and maintaining the confidentiality of the information used during the normal course of business.


Preferred Qualifications:

Education and Experience

  • Bachelor’s degree in business administration, human resources, or similar work history.
  • 4+ Years of experience.


Certifications, Licenses, Registrations

SHRM or WorldatWork preferred, but not required.


Functional Skills

Technical knowledge of Payfactors or other Compensation tool is a plus.

Technical Knowledge of Workday or similar HRIS tool is a plus.

Project management skills.

Analytical thinking & mathematical skills.

May act as a lead and performs work under minimal supervision.

Handles complex issues and problems and refers only the most complex issues to higher-level staff.

Possesses comprehensive knowledge of subject matter.


JOIN OUR TEAM

Do you believe in the power of innovation, collaboration, and transformation? Do you thrive in a supportive and client focused work environment? Are you looking for an opportunity to help build and drive change in a rapidly growing and evolving organization? When you join HUB, you will be part of a community of learners and doers focused on helping our leaders maximize the potential of their employees.



Disclosure required under applicable law in California, Colorado, Illinois, Maryland, Minnesota, New York, New Jersey, and Washington states: The expected salary range for this position is $90,000 to $110,000 and will be impacted by factors such as the successful candidate’s skills, experience and working location, as well as the specific position’s business line, scope and level. If you believe that your qualifications and experience surpass the minimum requirements for this role, we encourage you to submit your application. By doing so, we will be able to keep your application on file for consideration for potential future positions within our organization. HUB International is proud to offer comprehensive benefit and total compensation packages which could include health/dental/vision/life/disability insurance, FSA, HSA and 401(k) accounts, paid-time-off benefits such as vacation, sick, and personal days, and eligible bonuses, equity and commissions for some positions.

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