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Manager of Compensation

Loyola University Chicago
403(b)
United States, Illinois, Chicago
Jan 30, 2025
Position Details
Position Details


Job Title Manager of Compensation
Position Number 8102707
Job Category University Staff
Job Type Full-Time
FLSA Status Exempt
Campus Chicago-Water Tower Campus
Department Name HUMAN RESOURCES
Location Code HUMAN RESOURCES:COMPENSATION (04600C)
Is this split and/or fully grant funded? No
Duties and Responsibilities
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 Education and/or Work Experience
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.
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.


Certificates/Credentials/Licenses
Certified Compensation Professional ( CCP) or other relevant certification highly desirable.
Computer Skills
Expert level Excel skills, including the ability to create and modify complex formulas, pivot tables and macros required. Experience using HRIS systems and compensation survey tools ( CUPA, ERI, Mercer, Culpepper).
Supervisory Responsibilities Yes
Required operation of university owned vehicles No
Does this position require direct animal or patient contact? No
Physical Demands None
Working Conditions None
Open Date 01/27/2025
Close Date
Position Maximum Salary or Hourly Rate $130,000/ann
Position Minimum Salary or Hourly Rate $125,000/ann
Special Instructions to Applicants
About Loyola University Chicago
Loyola University Chicago is a private Jesuit University founded in 1870 by the Society of Jesus. One of the largest Catholic Universities in the United States, Loyola's professional schools include programs in medicine, nursing, and health sciences anchored by the Loyola University Medical Center, and the Loyola University Chicago School of Law. Comprised of thirteen colleges and schools, Loyola University Chicago offers more than 80 undergraduate and 140 graduate/professional programs while enrolling approximately 17,000 students. In addition to offering a world class educational experience, Loyola University Chicago strives to be an employer of choice by offering its staff and faculty a wide array of affordable, comprehensive, and competitive benefits. Our benefits are centered on health and wellness, financial security, equity, and work-life balance. We offer medical, dental, vision, 403(b), HSA, FSAs, tuition benefit, pre-tax transit benefits, EAP, and more. To view our benefits in detail, click here.
As one of the nation's largest Jesuit, Catholic Universities, Loyola University Chicago fosters a transformative cultural experience that honors Diversity, Equity, and Inclusion. We are committed to recruiting and retaining a diverse, mission driven workforce that enables a culture of inclusivity. We act with the heart of a nonprofit organization and an academic enterprise with ethical practices that advance the Jesuit Mission. Loyola actively seeks to build a community of diverse opinions, perspectives, and backgrounds that support our Jesuit tradition, while helping Ramblers foster a sense of belonging and affinity for all.
Loyola University Chicago is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion (except where religion is a bona fide occupational qualification for the job), national origin, sex, age, disability, marital status, sexual orientation, gender identity, protected veteran status or any other factor protected by law.
Quick Link for Posting https://www.careers.luc.edu/postings/30866
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