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Benchmarking Jobs in Illinois (NOW HIRING)

The Equus Group

Senior Compensation Analyst

Chicago, IL · On-site

$85K - $111K/yr

Manage market pricing and benchmarking efforts to support competitive compensation decisions for new hires and internal moves * Lead participation in compensation surveys and maintain compensation ...

Press Ganey

Analytics & Research Senior Scientist

Chicago, IL · On-site

$101K - $129K/yr

The role focuses on survey science, benchmarking methodology, psychometrics, and applied analytics, distinguishing it from traditional data science roles centered on model or software development. As ...

Old Mission

Senior Compensation Manager

Chicago, IL · On-site

$150K - $250K/yr

Partner with leadership in designing, benchmarking, and managing competitive compensation structures * Manage bonus and promotion cycles, including budget modeling and analysis * Analyze compensation ...

Consertus-US

ASC Cost Manager

Oakbrook Terrace, IL · On-site

$95 - $120/hr

Analyze historical cost data and benchmarking information to validate estimate accuracy. * Assist in change order evaluations and cost impact assessments. * Contribute to identification of value ...

Permute AI, Inc

Senior Software Engineer

Chicago, IL · On-site

$180K - $280K/yr

Develop infrastructure for model evaluation, benchmarking, and monitoring * Collaborate with product, research, and engineering teams to deliver AI features * Prototype and productionize new ...

Old Mission

Senior Compensation Manager

Chicago, IL · On-site

$150K - $250K/yr

Partner with leadership in designing, benchmarking, and managing competitive compensation structures * Manage bonus and promotion cycles, including budget modeling and analysis * Analyze compensation ...

tms

Director, Corporate Strategy

Chicago, IL · On-site

Own vendor engagements that support Corporate Strategy priorities (e.g., benchmarking partners, market intelligence subscriptions, specialist research, or M&A/industry scan support) * Define scope ...

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All JobsBenchmarking JobsBenchmarking Jobs in Illinois

Benchmarking information

See Illinois salary details

$49.4K

$77.9K

$110.5K

How much do benchmarking jobs pay per year?

As of Sep 6, 2026, the average yearly pay for benchmarking in Illinois is $77,896.00, according to ZipRecruiter salary data. Most workers in this role earn between $67,800.00 and $84,300.00 per year, depending on experience, location, and employer.

What is benchmarking?

Benchmarking is the process of comparing a company's products, services, or processes against those of leading organizations in the industry or best practices from other industries. The goal is to identify areas where improvements can be made to increase efficiency, quality, or competitiveness. Benchmarking often involves collecting data, analyzing performance metrics, and implementing changes based on findings. This strategic approach helps organizations stay competitive and continuously improve their operations.

What are the key skills and qualifications needed to thrive as a Benchmarking Analyst, and why are they important?

To thrive as a Benchmarking Analyst, you need strong analytical skills, attention to detail, and a background in business, statistics, or related fields. Familiarity with data analysis tools like Excel, SQL, or benchmarking software, as well as certifications such as Six Sigma, are often valuable. Excellent communication, critical thinking, and problem-solving abilities help you interpret data and present actionable insights to stakeholders. These skills are crucial for driving performance improvements and maintaining competitiveness by accurately comparing organizational practices against industry standards.

How does a Benchmarking Analyst typically collaborate with other departments to drive performance improvements?

Benchmarking Analysts frequently work cross-functionally, partnering with teams such as operations, finance, and quality assurance to collect data and compare organizational performance against industry standards. They facilitate workshops, share insights, and help identify actionable areas for improvement. This collaborative approach ensures that recommendations are tailored to each department's unique challenges and that initiatives are widely supported and successfully implemented.

What is the difference between Benchmarking vs Data Analyst?

AspectBenchmarkingData Analyst
Required credentialsOften requires business or industry-specific certifications, degrees in business, economics, or related fieldsTypically requires degrees in statistics, mathematics, or computer science; certifications like CAP or Microsoft Data Analyst
Work environmentPrimarily in corporate, manufacturing, or consulting settings focusing on performance comparisonIn various industries, working with data sets, reporting, and data visualization tools
Employer and industry usageUsed by organizations to improve processes by comparing against best practicesUsed across industries for data analysis, reporting, and decision-making support

While Benchmarking focuses on comparing organizational performance to industry standards, Data Analysts interpret data to inform business decisions. Both roles require analytical skills but serve different strategic purposes within organizations.

What are popular job titles related to Benchmarking jobs in Illinois?

For Benchmarking jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Benchmarking jobs in Illinois look for?

The top searched job categories for Benchmarking jobs in Illinois are:

Benchmarking jobs near you
Infographic showing various Benchmarking job openings in Illinois as of August 2026, with employment types broken down into 85% Full Time, and 15% Contract. Highlights an 74% In-person, and 26% Remote job distribution, with an average salary of $77,896 per year, or $37.5 per hour.

Senior Compensation Analyst

The Equus Group

Chicago, IL • On-site

$85K - $111K/yr

Other

Retirement

Posted 7 days ago

Job description

About the Opportunity

We are partnering with our client, a leading trading firm, on the search for a Senior Compensation Analyst to join their team in Chicago. This is an opportunity to take ownership of the compensation function within a highly analytical, fast-paced financial services environment, with significant exposure to Finance and senior leadership.


The Senior Compensation Specialist will oversee the compensation process from end to end, including the annual compensation cycle, market benchmarking, compensation programs, and reporting. This individual will also partner closely with Finance on bonus pool modeling and scenario analysis, with the opportunity to take on increasing ownership of financial analysis over time.


What You'll Do

  • Own the execution of the annual compensation cycle, including compensation statements, tracking, and coordination across HCM, Finance, and business leadership
  • Manage market pricing and benchmarking efforts to support competitive compensation decisions for new hires and internal moves
  • Lead participation in compensation surveys and maintain compensation benchmarking data
  • Partner with Finance on bonus pool modeling, financial modeling, and scenario analysis
  • Develop compensation reporting and insights to support HCM and business leaders in decision-making
  • Conduct pay equity analysis across roles and responsibilities
  • Partner with HCM Practice Leaders on separation packages and related compensation matters
  • Manage additional compensation programs, including 401(k), deferred compensation, and long-term incentive awards
  • Partner with firm leaders to help managers and employees understand the firm's compensation philosophy and how it is applied
  • Identify and implement process, technology, automation, and AI enhancements to improve and scale the compensation function
  • Support broader HCM analytics and reporting initiatives as needed
  • Take on increasing ownership of bonus pool sizing and financial analysis as expertise and experience grow


What We're Looking For

  • 5+ years of experience in compensation, HR analytics, FP&A, business management, or a related analytical function
  • Financial services experience strongly preferred, particularly within trading, hedge funds, private equity, investment banking, asset management, or similar environments
  • Experience working with compensation benchmarking and market data
  • Strong financial modeling and scenario analysis skills with advanced Excel proficiency
  • Comfortable partnering with senior leadership and navigating a fast-paced, high-performance environment
  • Proven ability to own processes end to end and deliver under tight timelines
  • Strong analytical and problem-solving skills with exceptional attention to detail
  • High level of discretion when handling confidential compensation information
  • Strong communication and relationship-building skills
  • A track record of improving processes and building more efficient, scalable solutions
  • Genuine interest in leveraging AI and automation to improve processes; prior experience is a plus
  • Adaptable and willing to contribute across the broader HCM function as needed


The Equus Group is an Equal Opportunity Employer and takes pride in maintaining a diverse environment. We do not discriminate in recruitment, hiring, training, promotion, or any other employment practices for reasons of race, color, religion, gender, national origin, age, sexual orientation, marital or veteran status, disability, or any other legally protected status.


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