Business Partner Specialist

Morningstar has been committed to empowering investor success for over 40 years. With a presence in 32 countries, we help investors worldwide achieve their financial goals. We offer independent research and innovative software products to financial advisors and individual investors. We believe that when the investor wins, we all win. At Morningstar, your contributions have meaning and can drive change. We offer a place where talented, driven people can grow. Our differences are our strength; the fact that we don’t all think the same way—and that we encourage unique perspectives—helps us create outstanding products and services for our clients. Morningstar values a variety of perspectives and considers a broad range of experiences essential to the intellectual vibrancy of our spaces, the employee experience, and our business success.

The Role

We believe that people are our most important asset. Their creativity, talent, and willingness to learn are essential to our success. Recruiting and growing great people is critical to Morningstar’s future. We're looking for a People & Culture Business Partner Specialist who understands the work we do, the kinds of people who thrive here, and how we collaborate globally. Our goal is to foster a high-performance, employee-oriented culture that emphasizes quality, productivity, and goal achievement. This role is based in our Chicago office.

Responsibilities

Strategic HR Partnership:

• Serve as a trusted advisor to employees and leaders within the business, providing guidance on HR policies, procedures, and best practices.
• Collaborate with various Centers of Excellence (CoE) P&C teams to develop and implement P&C policies, procedures and solutions which support both the overall company strategy and the unique needs of the business in the US.
• Partner with leadership to identify workforce challenges and opportunities and develop solutions that drive business success.
• Work closely with business leaders on organizational strategies, such as workforce planning, talent optimization, and change management.

Talent Management:

• Support talent and performance processes include annual reviews and succession planning.
• Support strategies aimed at the identification, retention and development of top talent within the business.
• Identify and address talent gaps and organizational development needs.

Employee Engagement and Culture:

• Drive initiatives to enhance employee engagement, satisfaction, and retention within the business.
• Facilitate change management initiatives and support teams through periods of organizational change.

Employee Relations & HR Operations:

• Ensure compliance with all federal, state, and local employment laws and regulations.
• Actively collaborate with management, Legal, Compliance, and Employee Relations to identify and address potential employment law risks, ensuring appropriate management of legal and compliance matters.
• Support management, compensation and finance in the annual salary plan and incentive compensation processes.
• Work with Hiring Managers, Finance and Talent Acquisition on compensation decisions for new hires and internal transfers / promotions.
• Coordinate with various Centers of Excellence (CoE) P&C teams to ensure onboarding, offboarding, compensation, benefits, and employee recognition programs are operating at optimal levels, and engage in troubleshooting when necessary.

Data-Driven Decision Making:

• Utilize P&C analytics and metrics to provide insights and recommendations to business leaders.
• Monitor and report on key P&C metrics, including turnover, employee engagement, and diversity metrics, to inform strategic decision-making.

Collaboration and Communication:

• Work closely with the Global Director, HR Business Partner to ensure alignment of P&C practices and initiatives across regions.
• Communicate effectively with employees and leaders at all levels, ensuring transparency and fostering a culture of open communication.

Desired Experience

• 3-5 years of experience in human resources, with exposure to areas such as talent acquisition, talent management, learning and development, employee rewards, and employee relations.
• Proven ability to earn the trust of senior leaders and serve as a valued advisor to both managers and employees.
• Experience working effectively in a matrixed, global environment and managing global initiatives.
• Strong project management and program implementation skills.
• Ability to work both collaboratively and independently.
• Strong analytical and strategic problem-solving skills.
• Bachelor’s degree required; HR certification is a plus.

This role requires unrestricted rights to work permanently in the U.S.

Total Compensation Range (inclusive of base salary and target incentive):

$92,525-$157,275

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide-range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

Financial Health

• 75% 401k match up to 7%
• Stock Ownership Potential
• Company provided life insurance - 1x salary + commission

Physical Health

• Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
• Additional medical Wellness Incentives - up to $300-$600 annual
• Company-provided long- and short-term disability insurance

Emotional Health

• Trust-Based Time Off
• 6-week Paid Sabbatical Program
• 6-Week Paid Family Caregiving Leave
• Competitive 8-24 Week Paid Parental Bonding Leave
• Adoption Assistance
• Leadership Coaching & Formal Mentorship Opportunities
• Annual Education Stipend
• Tuition Reimbursement

Social Health

• Charitable Matching Gifts program
• Dollars for Doers volunteer program
• Paid volunteering days
• 15+ Employee Resource & Affinity Groups

Morningstar’s hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. While some positions are available as fully remote, we’ve found that we’re at our best when we’re purposely together on a regular basis, typically three days each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you’ll have tools and resources to engage meaningfully with your global colleagues.