Compensation Analyst

Posted:
9/5/2024, 10:30:22 AM

Location(s):
Chicago, Illinois, United States ⋅ Illinois, United States

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
People & HR

Workplace Type:
Hybrid

Location(s)

Chicago, Illinois, P&C-Butterfield Road-Downers Grove-IL-AAC

Details

Kemper is one of the nation’s leading specialized insurers. Our success is a direct reflection of the talented and diverse people who make a positive difference in the lives of our customers every day. We believe a high-performing culture, valuable opportunities for personal development and professional challenge, and a healthy work-life balance can be highly motivating and productive. Kemper’s products and services are making a real difference to our customers, who have unique and evolving needs. By joining our team, you are helping to provide an experience to our stakeholders that delivers on our promises.

POSITION SUMMARY: 

Partners with Compensation Consulting group and other Rewards team members to manage key broad based and other Total Rewards initiatives.  Works with team to develop and support an ongoing competitive companywide compensation program. Participates in compensation planning, pay structure, and policies including base pay, incentives, and recognition programs

POSITION RESPONSIBILITIES: 

  • Conducts analysis of jobs in order to evaluate and recommend adjustments required to maintain internal equity, external competitiveness, and legal compliance of the organization's pay practices while maintaining optimal data integrity.
  • Participates in annual and quarterly compensation planning. May include audits, testing, training various partners on the tool. Various administrative tasks during the review timeline.
  • Partners with vendors to ensure renewal of all relevant salary survey sources.  Provides recommendations on enhancements to salary survey library, reporting, improved efficiencies, etc. and ensuring we are utilizing as much as available through third party sources.  Researches, analyses, and prepares assigned salary planning recommendations.
  • Prepares data submission packages to participate in salary surveys.  Ensures the accurate matching of positions partnering with Compensation Consultant(s).  Upon receipt of results, partners with third party vendor to ensure loading of results to automated tool.
  • Maintains the organization wide HRIS tables as relevant to compensation (e.g., job code table, salary range table, etc.); ensure relevant coding is complete and accurate. 
  • Maintains the organization's database of positions descriptions; manages version control to ensure the organization is always referring to the most up-to-date version.  In partnership with HR Business Partners and Compensation Consultants, develops and revises job descriptions ensuring compliance with federal and state regulations.
  • Reviews the ongoing changes to regulatory and compliance changes and makes recommendations (i.e., state and local minimum wage changes). 
  • Maintains final compensation related documents in respective organizational sites (PAL, Manager e-Binder, WD, Compensation Drive).
  • Assists in other ad hoc analysis in partnership with Compensation Consultants, HR Business Partners, Talent Acquisition, etc., as required or requested. 
  • Administers enterprise-wide Employee Stock Purchase Plan including quarterly communications, enrollments, contributions updates and purchases.

POSITION QUALIFICATIONS: 

  • At least 3-5 years of relevant experience in one of the following: broad base, executive and HR specific related Compensation experience
  • Bachelor’s degree in business administration, Finance, Human Resources, or related degree is required
  • Working knowledge of Workday or other large ERP system
  • Working knowledge of salary structure development principles and compensation market pricing analysis.
  • Effective communication skills, including verbal, written communications, as well as ability to interact with all levels of organization.
  • Proficient analytical, problem solving and detail- oriented
  • Strong Excel background (e.g. VLOOKUP’s, pivot tables, etc.)
  • Ability to use integrity in handling confidential company and sensitive employee information.
  • Sponsorship is not accepted for this opportunity.
  • This is a hybrid role out of our Downer’s Grove, IL or Chicago, IL office.

Kemper is proud to be an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, disability status or any other status protected by the laws or regulations in the locations where we operate. We are committed to supporting diversity and equality across our organization and we work diligently to maintain a workplace free from discrimination. Kemper is focused on expanding our Diversity, Equity and Inclusion efforts to align with our vision, mission, and guiding principles.  Kemper does not accept unsolicited resumes through or from search firms or staffing agencies. All unsolicited resumes will be considered the property of Kemper and Kemper will not be obligated to pay a placement fee.

Kemper will never request personal information, such as your social security number or banking information, via text or email.  Additionally, Kemper does not use external messaging applications like WireApp or Skype to communicate with candidates.  If you receive such a message, delete it.  

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