Director-Employee Compensation

Company: Northwestern Medicine
Location: Chicago
Posted on: April 11, 2025

Job Description:

DescriptionThe Director of Employee Compensation 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. The Director of Compensation contributes to Northwestern Medicine's success by driving the design, planning, and implementation of effective compensation programs.Responsibilities:

• Ensure that the compensation program offered supports the organization's strategic objectives and market competitiveness.
• Responsible for broad-based employee compensation programs ensuring alignment with and support of our patients-first focus.
• Assess operational effectiveness and recommend changes or process improvements where necessary.
• Establishes the strategic direction for compensation policy development and programs covering salary plans and structures, organizational incentive and pay practices.
• Monitors and evaluates benchmark data, trend information, and economic projections related to similar jobs in comparable industries and recommends changes as appropriate to establish and maintain a competitive external market position and internal equitability.
• Provides leadership to broad-based Compensation team on matters such as job evaluations, job offers, promotion increases, total compensation assessments, market studies, process improvements and simplifications, special projects, integrations and reorganizations.
• Leads annual salary adjustment, incentive, and market review processes, including related compensation analytics and report generation for senior leadership.
• Partners on shared initiatives in order to accomplish larger organizational goals; educates and consults with senior leaders, HR partners, function and operations leadership, etc. to ensure understanding of and ability to communicate the value of Total Compensation programs to staff throughout the organization.
• Collaborates with Finance and HR partners on compensation-related activities, analysis, and budget planning.
• Maintains a working knowledge of government regulations influencing compensation program trends and practices among similar organizations to ensure programs and practices are compliant and current; and presents information, findings, and recommendations to executives and senior leaders.
• Leads the broad-based compensation team and activities related to hiring, training, rewarding, and retaining these team members, with emphasis on ensuring adherence to NM Values, holding team members accountable for delivering results, keeping team members engaged and motivated, supporting their career growth.
• Reports to Vice President of Human Resources and supports other HR Executives on compensation-related matters, strategic projects, etc.QualificationsRequired:
• Bachelor's Degree in related field.
• 10+ years of leadership experience, preferably within the HR or Compensation function.
• Proven leadership skills, with a focus on coaching and developing the team.
• High level of business and financial acumen, with the ability to think strategically.Preferred:
• Advanced degree preferred - Master's degree.
• Healthcare experience a plus.Equal OpportunityNorthwestern Medicine is an affirmative action/equal opportunity employer 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.If we offer you a job, we will perform a background check that includes a review of any criminal convictions. A conviction does not disqualify you from employment at Northwestern Medicine. We consider this on a case-by-case basis and follow all state and federal guidelines.
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Keywords: Northwestern Medicine, Chicago , Director-Employee Compensation, Executive , Chicago, Illinois