Senior Compensation Analyst
University of Michigan
Job Summary
Opportunity for Impact: Are you ready to shape the future of compensation at one of the nation's leading academic medical centers? In this role, your work will go far beyond crunching numbers you'll design and influence how Michigan Medicine rewards its people. As a Compensation Analyst, your analyses and insights will directly affect thousands of employees, ensuring they are recognized and rewarded for the life-changing work they do. By helping to attract and retain top talent, you'll play a key part in advancing our mission and enabling excellence in patient care, groundbreaking research, and medical education.
Teamwork and Innovation: When you join our HR Compensation team, you become part of a collaborative, high-performing group. We tackle complex compensation challenges with creativity and a shared passion for excellence. You'll work alongside experienced professionals who value new ideas and diverse perspectives. Together, we brainstorm novel solutions to tough problems whether it's developing a new incentive plan or refining our pay-for-performance strategy. Our team culture is supportive and inclusive, and we're committed to each other's growth. Plus, with flexible remote and hybrid work options, you can enjoy a healthy work-life, living a commutable distance to Ann Arbor, Michigan. You'll be proud to work for an organization whose core values of caring, innovation, inclusion, integrity, and teamwork aren't just words, but guiding principles lived out every day.
If you're a forward-thinking compensation professional looking to make a real difference in a mission-driven environment, we invite you to join our team at Michigan Medicine. Here, your expertise will be valued, your ideas will be heard, and your work will have a profound impact. Come help us shape the future of healthcare through innovative compensation solutions and grow your career in an environment that celebrates excellence and teamwork.
Mission Statement
Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.
Why Join Michigan Medicine?
Michigan Medicine is one of the largest health care complexes in the world and has been the site of many groundbreaking medical and technological advancements since the opening of the U-M Medical School in 1850. Michigan Medicine is comprised of over 30,000 employees and our vision is to attract, inspire, and develop outstanding people in medicine, sciences, and healthcare to become one of the world’s most distinguished academic health systems. In some way, great or small, every person here helps to advance this world-class institution. Work at Michigan Medicine and become a victor for the greater good.
What Benefits can you Look Forward to?
- Sign-on bonus based on experience
- Remote-first work
- Excellent medical, dental and vision coverage effective on your very first day
- 2:1 match on retirement savings
- Generous paid time off program
Required Qualifications*
- Education: Bachelor's degree in human resources, business administration, finance, economics, mathematics, or a related field that involves quantitative analysis (or an equivalent combination of education and experience).
- Experience: A minimum of 3 years of progressive experience in compensation analysis or administration.
- 5+ years of experience is required for consideration at the Senior Level.
- Compensation Expertise: Hands-on experience conducting job evaluations and market pricing, using both quantitative and qualitative methods (including analysis of salary survey data) to determine appropriate compensation levels.
- Contemporary Practices: In-depth knowledge of modern compensation practices and concepts, including broad-based pay structure design, supplemental compensation programs, and pay-for-performance systems.
- Regulatory Knowledge: Familiarity with compensation-related laws and regulations (e.g., Fair Labor Standards Act) and the ability to apply them to ensure compliant and equitable pay practices.
- Analytical Skills: Exceptional analytical and critical-thinking abilities, with keen attention to detail. Capable of interpreting complex data, identifying trends, and developing insightful recommendations to solve problems.
- Communication & Collaboration: Excellent communication and interpersonal skills, with the ability to explain complex data clearly and collaborate effectively with cross-functional teams and stakeholders at all levels.
- Professionalism: High level of integrity, sound judgment, and discretion in handling sensitive information; demonstrates alignment with Michigan Medicine's core values of caring, innovation, inclusion, integrity, and teamwork.
- Technical Proficiency: Proficiency in compensation analysis tools and technology, particularly Microsoft Excel (competence with advanced formulas, pivot tables, and data modeling) for data analysis and reporting. Ability to quickly learn and effectively use HRIS or compensation management systems.
Desired Qualifications*
- Certification: Certified Compensation Professional (CCP) or similar WorldatWork compensation certification (achieved or in progress).
- Industry Experience: Compensation experience in a large, complex organization; experience with compensation practices in a healthcare system or academic medical center is a plus.
- Technology: Experience working with specialized compensation software or advanced HRIS modules for compensation planning and analysis.
- Advanced Analytics: Advanced expertise in Microsoft Excel (capable of building complex models, utilizing advanced formulas and macros) and experience creating dynamic analytical tools or dashboards.
- Education: A master's degree or advanced coursework in a relevant field (e.g., Human Resources, Business, Finance) is a plus.
Modes of Work
Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes.
Underfill Statement
This position may be underfilled at the intermediate level, depending on the qualifications of the selected candidate.
Background Screening
Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings. Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.
Application Deadline
Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.
U-M EEO Statement
The University of Michigan is an equal employment opportunity employer.