Manager-Compensation

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Chicago, IL, USA
In-Office
58-85 Hourly
Senior level
Healthtech
The Role
Manages compensation programs, including salary increases, bonuses, job evaluations, market pricing, pay equity, salary surveys, and compensation compliance. Advises department managers on compensation policies, promotions, merit increases, and equity adjustments. Directs compensation analysts, prepares materials for senior management, leads enterprise-wide incentive programs, and ensures compliance with wage-and-hour regulations and licensure-related job description requirements.
Summary Generated by Built In
Company Description

At Northwestern Medicine, every patient interaction makes a difference in cultivating a positive workplace. This patient-first approach is what sets us apart as a leader in the healthcare industry. As an integral part of our team, you'll have the opportunity to join our quest for better health care, no matter where you work within the Northwestern Medicine system. We pride ourselves on providing competitive benefits: from tuition reimbursement and loan forgiveness to 401(k) matching and lifecycle benefits, our goal is to take care of our employees. Ready to join our quest for better?

Job Description

The Compensation Manager reflects the mission, vision, and values of NM, adheres to the organization’s Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards.

This position will have responsibility for overseeing the day-to-day operations, identifying areas for improvement and making recommendations for the Company’s compensation programs.  The Compensation Manager will work with a broad range of internal customers assisting them with application of the Company’s compensation programs (Director level and below) and recommending solutions for internal or external inequities. 

Responsibilities:

  • Oversee data gathering, interpret information and assist in design and preparation of materials presented to Senior Management in support of annual Salary Increase Budget and Bonus Programs.
  • May lead enterprise wide programs, such as the annual incentive program.
  • Advise department managers on matters regarding compensation policy and practice, including merit increases, equity adjustments, interim assignments, promotions and demotions.   
  • Directs Compensation Analyst in evaluating jobs (new, existing and revised), create job descriptions, analyze market data, compare internal equity and make salary and pay grade recommendations as appropriate.
  • Define and oversee process for market pricing benchmark positions. Assist in making recommendations and presenting findings to senior management. 
  • Ensure market competitiveness by participating in salary surveys. Utilize data bases to analyze compa ratios and pay differentials based upon experience. 
  • Ensure compliance with Department of Labor Wage and Hour rules as it relates to exempt and non-exempt status, application of overtime calculations and other regulatory matters. 
  • Ensure compliance with writing and coding job description in relation to licensure and certification requirements under The Joint Commission. 

Qualifications

Required:

  • Bachelor's Degree (B.A., B.S.)
  • Minimum of 5 years compensation experience with prior managerial experience

Preferred:

  • Master's Degree (M.S., M.S., M.B.A.)
  • CCP and/or CBP
  • Strong financial background (accounting, finance)

Additional Information

Northwestern Medicine is an equal opportunity employer (disability, VETS) and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national origin, gender identity, veteran status, disability, sexual orientation or any other protected status. 

Background Check 

Northwestern Medicine conducts a background check that includes criminal history on newly hired team members and, at times, internal transfers. If you are offered a position with us, you will be required to complete an authorization and disclosure form that gives Northwestern Medicine permission to run the background check.  Results are evaluated on a case-by-case basis, and we follow all local, state, and federal laws, including the Illinois Health Care Worker Background Check Act. 

Artificial Intelligence Disclosure 

Artificial Intelligence (AI) tools may be used in some portions of the candidate review process for this position, however, all employment decisions will be made by a person.  

Benefits 

We offer a wide range of benefits that provide employees with tools and resources to improve their physical, emotional, and financial well-being while providing protection for unexpected life events. 

Click on or copy and paste URL to your browser to view detailed benefits information https://jobs.nm.org/benefits  

Please refer to the Benefits Eligibility by Employment Classification to determine benefits eligibility for job postings.  

If sign-on bonus is included in a job posting eligibility is as followed: Internal employees and rehires who left Northwestern Medicine within 1 year are not eligible for the sign-on bonus. Exception: New graduate internal employees seeking their first licensed clinical position as a Registered Nurse at NM may be eligible.  

 

Skills Required

  • Bachelor's degree
  • At least 5 years of compensation experience
  • Prior managerial experience
  • Master's degree, including M.S. or M.B.A.
  • Certified Compensation Professional (CCP) and/or Certified Benefits Professional (CBP) certification
  • Strong financial background in accounting or finance

Northwestern Medicine Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northwestern Medicine and has not been reviewed or approved by Northwestern Medicine.

  • Healthcare Strength — Health coverage includes comprehensive medical, dental, and vision options, alongside a no‑cost EAP and wellness resources. Employer‑paid short‑ and long‑term disability further strengthens protection during illness or injury.
  • Parental & Family Support — Paid parental and maternity leave at full base pay is available for eligible employees, supporting bonding time. Onsite childcare at select campuses and family‑oriented resources add practical support.
  • Retirement Support — The retirement plan features an employer match after a service period, supporting long‑term savings. Basic life and AD&D coverage at no cost enhance financial security for families.

Northwestern Medicine Insights

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The Company
HQ: Chicago, IL

What We Do

Northwestern Medicine is the collaboration between Northwestern Memorial HealthCare and Northwestern University Feinberg School of Medicine around a strategic vision to transform the future of healthcare. It encompasses the research, teaching, and patient care activities of the academic medical center.

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