Compensation Expert

6 days ago


Chicago, Illinois, United States Vaco Full time
Job Summary

Vaco is seeking a highly skilled Compensation Analyst to join our team. As a key member of our HR department, you will play a critical role in developing and implementing compensation programs, tools, and processes that drive business results.

Key Responsibilities
  • Compensation Program Development
    • Design and implement compensation programs that align with business objectives and ensure internal fairness, external competitiveness, and legal compliance.
    • Conduct job evaluation analyses to evaluate positions using standard job evaluation techniques and conduct equity analyses both internal and external.
  • Market Studies and Research
    • Conduct large-scale market studies to create cost-effective solutions and present proposals to department management.
    • Assist in developing solutions for complex issues that arise within the organization that have a compensation component.
  • Salary Administration
    • Complete and submit relevant salary surveys and maintain a log of survey participation.
    • Assist in preparing budget estimates for survey expenses and coordinate work with outside consultants regarding special surveys or wage studies.
  • Job Description Management
    • Partner with HRBP and leaders to revise job descriptions using data received from managers, incumbents, third parties, and knowledge of the company's policies and culture.
  • HRIS and Data Management
    • Work with HRIS to ensure updates regarding compensation-related HR data in the system of record.
    • Act as a compensation subject matter expert on system implementations impacting compensation.
  • Performance Evaluation and Merit Increase Process
    • Assist in the management of the annual performance evaluation and merit increase process.
    • Coordinate the flow of data from departments to approvers and HR.
  • Salary Structure Management
    • Manage the annual update of salary structures based on analysis of benchmark survey data.
  • Compliance and Training
    • Assist with education, training, and quality audit activities to ensure compliance with current Joint Commission Human Resource Standards.
    • Conduct training for people managers and serve as an expert resource to others in the department and throughout the organization.
  • Compensation Policy and Procedure Management
    • Review and recommend changes to compensation policies and procedures.
    • Focus on process automation for compensation administrative tasks.
What We Offer

Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations.



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