Our client, a nonprofit organization located downtown Chicago, is seeking a Compensation Analyst to support their team on contract basis (hybrid schedule, 3+ months duration with potential to extend).  
 
Requirements

• Review and recommend compensation programs including base pay, bonus programs, long-term incentive structures, and partner-aligned compensation models.
• Oversee equity-related administration, including tracking, reporting, compliance, and coordination with Finance and Legal.
• Lead annual compensation cycles including salary benchmarking, job architecture, incentive planning, and compensation budgeting.
• Oversee benefits design and administration ensuring competitiveness, compliance, and an excellent employee experience.
• Partner with Finance, Legal, and HR leadership to ensure integrated, compliant, and data-driven rewards strategies.
• Partner with business and Go-To-Market leaders to evaluate incentive frameworks that support performance and revenue growth.
• Monitor industry trends and regulatory requirements to maintain competitive and compliant programs.
• Conducts job analysis and job evaluations of all positions.
• Recommends assignment to appropriate band/level and proper exemption status based on type of work, requirements and responsibilities.
• Conducts and participates in salary and fringe benefits surveys. Investigates possible labor markets and makes recommendations for position market adjustments.
• Supports HR leadership in the implementation of the annual salary increase programs, including those in collective bargaining agreements.
• Participates in budgeting process for wage and salary projections. Calculates costs associated with new positions and base rate increases.
• Maintains and edits documentation for compensation and procedures.
• Identifies opportunities for the compensation function and implements process improvement.

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