1

Compensation Analyst Jobs in Chicago, IL (NOW HIRING)

Compensation Analyst

Des Plaines, IL · Hybrid

$86K - $118K/yr

Parental Leave Pay Range: $86,934 - $118,210 Job Summary The Compensation Analyst plays a critical role in supporting fair, competitive, and compliant pay practices at Hydro Extrusion North America ...

Compensation Analyst

Rosemont, IL · On-site

$86K - $118K/yr

Parental Leave Pay Range: $86,934 - $118,210 Job Summary The Compensation Analyst plays a critical role in supporting fair, competitive, and compliant pay practices at Hydro Extrusion North America ...

Remote Compensation Analyst

Chicago, IL · On-site +1

$40 - $50/hr

LaSalle Network is hiring for a Compensation Analyst with an insurance company known for organizational growth and transformation. This is a growth-driven position supporting the expansion and ...

Compensation Analyst, Senior

Evanston, IL · On-site

$38.67 - $59.94/hr

Senior Compensation Analyst As a Senior Compensation Analyst, you will play a pivotal role in ensuring that our compensation practices are competitive, equitable, and strategically aligned with ...

Compensation Analyst, Senior

Warrenville, IL · On-site

$38.67 - $59.94/hr

Senior Compensation Analyst As a Senior Compensation Analyst, you will play a pivotal role in ensuring that our compensation practices are competitive, equitable, and strategically aligned with ...

Senior Compensation Analyst

Chicago, IL · On-site

$85K - $111K/yr

As a Senior Compensation Analyst, you'll own compensation analytics and the systems behind our broad-based base pay and variable comp programs. You'll build the models that drive pay decisions, run ...

Senior Compensation Analyst

Oak Brook, IL · On-site

$83K - $109K/yr

The Senior Compensation Analyst is an experienced HR professional with deep expertise in compensation analysis, market pricing, and pay program administration. This role serves as the organization ...

Senior Compensation Analyst

Oak Brook, IL

$83K - $109K/yr

The Senior Compensation Analyst is an experienced HR professional with deep expertise in compensation analysis, market pricing, and pay program administration. This role serves as the organization ...

Senior Compensation Analyst

Chicago, IL · On-site +1

$85K - $111K/yr

As a Senior Compensation Analyst, you'll own meaningful work across our full compensation spectrum: job architecture, market pricing, variable pay programs, and the annual planning cycle. To keep us ...

Senior Compensation Analyst

Chicago, IL · On-site +1

$85K - $111K/yr

As a Senior Compensation Analyst, you'll own meaningful work across our full compensation spectrum: job architecture, market pricing, variable pay programs, and the annual planning cycle. To keep us ...

Senior Compensation Analyst

Chicago, IL · On-site +1

$85K - $111K/yr

As a Senior Compensation Analyst, you'll own meaningful work across our full compensation spectrum: job architecture, market pricing, variable pay programs, and the annual planning cycle. To keep us ...

Senior Compensation Analyst

Chicago, IL · On-site

$85K - $111K/yr

As a Senior Compensation Analyst, you'll own meaningful work across our full compensation spectrum: job architecture, market pricing, variable pay programs, and the annual planning cycle. To keep us ...

next page

Showing results 1-20

Compensation Analyst information

See Chicago, IL salary details

$20

$40

$60

How much do compensation analyst jobs pay per hour?

As of Aug 23, 2026, the average hourly pay for compensation analyst in Chicago, IL is $40.17, according to ZipRecruiter salary data. Most workers in this role earn between $32.21 and $45.58 per hour, depending on experience, location, and employer.

What is a compensation analyst?

Compensation Analysts are human resources professionals who research, analyze, and develop an organization's pay structures and compensation programs. They ensure that salaries, bonuses, and benefits are competitive and comply with legal standards. Their work involves conducting market salary surveys, evaluating job positions, and making recommendations to attract and retain employees. Compensation Analysts play a critical role in balancing organizational goals with employee satisfaction.

What does a compensation analyst do?

A compensation analyst works in Human Resources focusing on the analysis of employee salaries and benefits to ensure both are fair. The compensation analyst looks at each role and performs an analysis of similar positions both inside and outside of the company to determine the amount of pay a candidate should receive for their work. They provide the figures to upper management to budget for a new employee or plan their financial goals for the year. Their duties include meeting federal guidelines for worker’s compensation, building pay structures for their employer, and reviewing existing salaries.

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

To thrive as a Compensation Analyst, you need strong analytical skills, attention to detail, and a solid understanding of compensation principles, often supported by a degree in human resources, finance, or a related field. Familiarity with HRIS systems, advanced Excel functions, and compensation management software like PayScale or MarketPay is typically required. Exceptional communication, problem-solving abilities, and discretion with sensitive data are important soft skills that set top performers apart. These skills and qualities are crucial for ensuring fair, competitive, and legally compliant compensation practices that attract and retain talent.

What are some typical challenges compensation analysts face when ensuring pay equity across an organization?

Compensation Analysts often encounter challenges such as navigating complex pay structures, managing large volumes of sensitive salary data, and staying current with evolving regulations on pay equity. They must balance internal fairness with external market competitiveness while addressing potential discrepancies in pay based on job roles, experience, and location. Additionally, collaborating with HR, finance, and leadership teams to implement equitable compensation strategies requires strong communication and data analysis skills.

What is the difference between Compensation Analyst vs Benefits Analyst?

AspectCompensation AnalystBenefits Analyst
Required CredentialsBachelor's degree in HR, Business, or related field; certifications like CCP or CBPBachelor's degree in HR, Business, or related field; certifications like CBP or CEBS
Work EnvironmentCorporate HR departments, consulting firms, or government agenciesCorporate HR teams, insurance companies, or government agencies
Employer & Industry UsageUsed across industries to develop compensation structuresUsed to manage employee benefits programs and compliance
Comparison FocusAnalyzing salary data, pay structures, and market trendsManaging health, retirement, and other employee benefits

While both roles are vital in HR, Compensation Analysts focus on salary structures and pay equity, whereas Benefits Analysts specialize in employee benefits programs. Both roles often collaborate but serve distinct functions within organizations.

Is a compensation analyst a good career?

A compensation analyst is a valuable role responsible for analyzing salary structures, benefits, and pay practices within organizations. It requires strong analytical skills, knowledge of compensation laws, and proficiency with data tools like Excel or HRIS systems. The career offers growth opportunities in HR and compensation management, with a stable job outlook in many industries.

What are the most commonly searched types of Compensation Analyst jobs in Chicago, IL?

The most popular types of Compensation Analyst jobs in Chicago, IL are:

What job categories do people searching Compensation Analyst jobs in Chicago, IL look for?

The top searched job categories for Compensation Analyst jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Compensation Analyst jobs?

Cities near Chicago, IL with the most Compensation Analyst job openings:

Infographic showing various Compensation Analyst job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 78% Full Time, 17% Part Time, and 4% Contract. Highlights an 88% Physical, 3% Hybrid, and 9% Remote job distribution, with an average salary of $83,560 per year, or $40.2 per hour.

Compensation Analyst

Norsk Hydro

Des Plaines, IL • Hybrid

$86K - $118K/yr

Full-time

Medical, Dental, Life, Retirement

Re-posted 29 days ago


Job description

Hydro Extrusions is a world-leading aluminium extrusion business counting around 100 production sites in 40 countries and employing 20,000 people. Through our unique combination of local expertise, global network, and unmatched R&D capabilities, we can offer everything from standards profiles to advanced development and manufacturing for most industries.  Since 1905, Hydro has turned natural resources into valuable products for people and businesses with focus on a safe and good workplace for our 30,000 employees in more than 140 locations.

What we offer you
  • The opportunity to own and shape the job evaluation and job architecture framework for a large, complex North American business
  • A visible, impactful role partnering with HR, Compensation leadership, and business leaders across the organization
  • Exposure to strategic compensation initiatives, including pay equity, market benchmarking, and incentive programs
  • A collaborative, professional HR environment that values datadriven decisionmaking and continuous improvement
  • A hybrid/flexible work schedule based out of the ENA Business Unit Headquarters in Rosemont, IL
  • Competitive compensation and benefits within a global manufacturing organization committed to fairness, compliance, and internal equity
  • Medical, Rx, Dental, Disability, Life Insurance, Flexible Spending Accounts
  • Retirement Savings Plans with Company Match/Contributions
  • Education Assistance
  • Bonus Plan Eligibility
  • Parental Leave

Pay Range: $86,934 - $118,210 

Job Summary

The Compensation Analyst plays a critical role in supporting fair, competitive, and compliant pay practices at Hydro Extrusion North America (ENA). This position owns the endtoend job evaluation and job architecture assignment process, ensuring roles are consistently evaluated to support internal equity and market alignment.

As a subjectmatter expert in Mercer's International Position Evaluation (IPE) methodology, the Compensation Analyst partners closely with HR and business leaders to evaluate new and evolving roles, maintain job structures, and support sound compensation decisions. This role is not a systems, HRIS, or IT analyst position; it is focused on compensation analysis, job evaluation governance, and advisory support.

Based at ENA's Business Unit Headquarters in Rosemont, IL, this role offers a hybrid/flexible work schedule and contributes to pay equity analysis, market benchmarking, annual merit and incentive review cycles, regulatory compliance, and strategic compensation initiatives-while ensuring the accuracy and integrity of compensation data.

What you will be doing
  • Own and administer the endtoend job evaluation and job architecture process using Mercer's International Position Evaluation (IPE) methodology
  • Serve as the primary subjectmatter expert for job evaluation, advising HR partners and business leaders on role design, leveling, and internal alignment
  • Evaluate new, evolving, and redesigned roles and ensure consistent application of job architecture standards
  • Maintain job evaluation guidelines, documentation, and governance to ensure consistency, transparency, and audit readiness
  • Support compensation actions including promotions, transfers, and organizational changes
  • Administer and support the annual merit and shortterm incentive review processes
  • Conduct market benchmarking and salary survey participation to support competitive pay decisions
  • Analyze pay equity trends, perform FLSA testing, and support compensation compliance initiatives
  • Maintain accurate compensation data and records within HR systems and reporting tools
  • Contribute to strategic compensation projects and continuous improvement of compensation practices
What will make you successful?

Required Education/Experience:

  • Bachelor's degree in Human Resources, Business Administration, or a related field (or equivalent experience
  • 3-5 years of experience in a compensation or job evaluation role, with demonstrated analytical capability
  • A solid understanding of compensation structures, job architecture, market pricing, and pay equity principles
  • Experience supporting merit and incentive review cycles, salary surveys, and benchmarking activities
  • Familiarity with FLSA classification and compensation compliance requirements
  • Strong analytical, documentation, and data interpretation skills with a high level of attention to detail
  • Ability to influence and collaborate effectively with HR partners, managers, and business leaders
  • Comfort serving as a trusted advisor and subjectmatter expert, balancing consistency with business needs
  • Proficiency in Excel, PowerPoint, HRIS systems, and compensation tools (SAP SuccessFactors, UKG, Mercer WIN preferred)

 Preferred Skills/Qualifications:

  • HR or compensation certification (SHRMCP/SCP, PHR/SPHR, CCP)
  • Working knowledge of job evaluation methodologies (Mercer IPE experience strongly preferred)

 

PEL123

IND123

Equal opportunities

Hydro in North America is an Equal Opportunity Employer where all phases of employment are based strictly upon the qualifications of the individual as related to the work requirements of the position. This policy is applied without regard to race, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, veteran status, marital status or any other category protected by law. We strive to provide equal opportunities for all to contribute and succeed with us.

As part of our recruitment process, we may use jobrelated assessments in selected roles. These tools help us better understand workrelated strengths and support a fair and consistent hiring process. Any assessment results are reviewed together with your experience, qualifications, and interviews, and are never used as the sole basis for hiring decisions.

If you need an accommodation in order to complete the application, please contact Hydro Recruiting via email at recruiting.north.america@hydro.com