What are the responsibilities and job description for the Manager of Compensation position at Loyola University Chicago?
Loyola University is seeking a highly skilled and detailed-oriented Manager of Compensation to join our dynamic Human Resources Team. In this pivotal role, you will have the opportunity to develop, implement and manage the University’s Compensation Program to ensure internal equity, external competitiveness, and compliance with regulatory requirements. The Manager will collaborate with University Leadership, Human Resources partners and departmental Managers to design, and maintain pay structures and provide strategic guidance on Compensation related matters. You will play a crucial role in supporting our Compensation programs, helping us attract, and retain the best talent. Come be a part of our team!
Job Description:
Manages the University’s Compensation Plan and Annual Salary Planning process by developing and implementing salary structures and guidelines in accordance with the University’s Compensation Policy.
- Ability to analyze complex data sets conduct market comparisons and interpret compensation trends.
- Partner with Leadership to align Compensation Strategy with organizational objectives, ensuring market competitiveness while maintaining financial sustainability.
- Effectively communicates Compensation strategies, policies and recommendations to Leadership and Managers of people.
- Works closely with Human Resources partners, University Leadership and departmental Managers to address compensation needs and challenges.
- Analyzes data for Labor Union Agreements, works with CHRO on Executive Compensation, participates in Salary Surveys.
- Capability of managing Compensation analyses, merit processes, system implementations, and annual Conflict of Interest process.
- Exceptional communication skills and ability to effectively build relationships with various Departments and Leaders.
- Deep understanding of federal, state, and local Compensation laws, including FLSA, Pay Transparency, and Pay Equity regulations.
- Monitor the effectiveness of existing Compensation practices and recommend changes that incorporate market trends, and competitive Higher Education pay practices to support retention strategies.
- Ensure ongoing compliance with various national, state, and local pay regulations.
- Performs other duties and projects as assigned.
Minimum Qualifications:
- Bachelor’s Degree in Human Resources, Business Administration, Finance, or related field. Higher Education experience a plus.
- A minimum of 5 years of progressive Compensation experience. Knowledge of Compensation laws and regulations to drive strategy, philosophy, and compliance efforts.
Salary : $125,000 - $130,000
