Compensation Analyst

2 weeks ago

Chicago, United States Addison Group Full time
Job DescriptionJob Description

Job Title: Compensation Analyst – 6+ month contract


Location: Chicago, IL


Industry: Banking/Financial Services


Pay: $35.00 - $40.00


About Our Client: Our client, a local bank headquartered in Chicago, IL, is dedicated to providing personalized banking solutions to meet the needs of their customers. With a focus on customer service and innovation, they strive to make banking convenient and efficient for individuals and businesses alike.


Job Description: As a Compensation Analyst, you will play a key role in ensuring our client remains competitive in the market by evaluating job positions, designing compensation packages, and implementing incentive programs aligned with the company's strategic goals. This role offers a unique blend of remote work flexibility and occasional in-office collaboration.


Key Responsibilities:

  • Collaborate with the HR team to design and implement compensation packages and bonus programs that support the company's strategic objectives.
  • Maintain accurate job descriptions for all positions within the organization and ensure alignment with job duties performed.
  • Evaluate job classifications and salary ranges to ensure compliance with internal policies and external regulations.
  • Calculate short-term incentives and commissions based on corporate plans and performance metrics.
  • Provide guidance to corporate staff on pay decisions, policy interpretations, and job evaluations.
  • Participate in salary surveys to benchmark compensation practices against industry standards.
  • Ensure compliance with federal, state, and local compensation laws and regulations.
  • Assist in financial planning by preparing accruals for short and long-term incentive expenses.

Qualifications:

  • Bachelor's degree in business, human resources, or a related field preferred.
  • 2+ years of experience in employee compensation or a related HR field.
  • Strong analytical skills with the ability to interpret and communicate data effectively.
  • Proficiency in Microsoft Excel and other relevant software applications.
  • Excellent time management skills and the ability to prioritize tasks effectively.
  • Strong verbal and written communication skills.

Additional Details:

  • Remote work flexibility with occasional in-office meetings (1-3 times per month).
  • Full-time, long-term contract assignment with the possibility of becoming a temp-to-hire role.
  • Casual dress code and a fun, collaborative work environment.
  • Comprehensive interview process including virtual and on-site meetings with key stakeholders.

Perks:

  • Competitive salary and hourly rate.
  • Opportunity to work with a growing team in the banking industry.
  • Professional development opportunities and career advancement potential.


Addison Group is an Equal Opportunity Employer. Addison Group provides equal

employment opportunities (EEO) to all employees and applicants for employment without

regard to race, color, religion, gender, sexual orientation, national origin, age, disability,

genetic information, marital status, amnesty, or status as a covered veteran in

accordance with applicable federal, state and local laws. Addison Group complies with

applicable state and local laws governing non-discrimination in employment in every

location in which the company has facilities. Reasonable accommodation is available for

qualified individuals with disabilities, upon request.


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