Sr. Compensation Manager

Job Title: Sr. Compensation Manager
Job Location - Chicago, IL (Hybrid - 2 days from home Monday and Friday)
Duration - 06 months

The Sr. Manager, Compensation will play a critical role in driving compensation strategy and decision-making across North America Operations and Procurement. Reporting to the Director of North America & WHQ Compensation, this position will provide expert guidance and consultation to HR Business Partners and Business Leaders on a range of compensation-related matters, including job evaluations, market benchmarking, job offers, salary structure development, and incentive plan design and administration. To succeed in this role, candidates must possess a unique blend of analytical, technical, and interpersonal skills, with the ability to navigate complex and ambiguous situations.

Key Components of the Role

• Develop and administer compensation programs for both the salaried and hourly populations.
• Execute the annual salary planning and incentive cycles.
• Perform and oversee job evaluations of both broad-based and executive positions.
• Identify, design, and implement policies and procedures to ensure internal equity, external competitiveness, and fiscal responsibility that align with our pay-for-performance philosophy and culture of meritocracy.
• Oversee the salary survey participation and salary structure development for multiple countries.
• Develop, design, and execute compensation-related training.
• Propose process improvements and recommend policy changes to assure compliance and competitiveness of the client's compensation.

Qualifications

• Bachelor’s degree required, MBA or equivalent degree preferred.
• 5 years’ compensation experience with in-depth knowledge of Operations and Plant Manufacturing.
• People Management experience is strongly preferred.
• In-depth technical knowledge of compensation theories and principles, compensation program design, and applicable laws.
• Excellent interpersonal and communication skills.
• Ability to manage cross-functional projects and influence team members without direct managerial authority.
• Solutions-oriented mindset with a desire to innovate.
• Knowledge of Microsoft Office Suite and other business-related software.
• Certified Compensation Professional (CCP) or other HR certification preferred.
• Korn Ferry Hay Job Slotting experience strongly preferred.