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Compensation Manager

Grant Thornton LLPChicago, IL

$120,000 - $180,000 / year

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Overview

Schedule
Full-time
Career level
Director
Remote
On-site
Compensation
$120,000-$180,000/year
Benefits
Career Development

Job Description

Grant Thornton is seeking a Compensation Manager to join the team. Approved office locations can be found below.

As an integral member of our People & Culture (P&C) team, the Compensation Manager will have a hands-on role responsible for the design, development, management, and administration of employee compensation programs and processes. Partnering with cross-functional stakeholders in the P&C community and across the business, the Compensation Manager will support the evolution and administration of the Firm's compensation strategy to support business objectives and firm strategy.

Your day-to-day may include:

  • Design, implementation and administration of compensation programs, processes and analysis including day-to-day management
  • Lead compensation benchmarking process including survey participation, market analysis, salary range and structure development and pay position review
  • Administer key annual processes which include salary administration, budget modeling, market competitiveness review, development of compensation guidelines and education/training materials, system setup and user support, synthesis of planning results for senior leadership
  • Act as a subject matter expert and provide strategic consult to HRBP's and business leaders on all thing's compensation
  • Consult with internal business leaders to understand roles/skillsets, emerging markets, business challenges and resulting compensation and incentive plan needs. Translate that business perspective to provide input on design of compensation and reward programs, policies, practices/procedures, systems, reporting and communications.
  • Provide quantitative and qualitative analysis to synthesize and interpret large sets of data. Leverage results to provide data drive insights and strategic recommendations to inform decision-making.
  • Identify external marketplace trends and provide expertise in competitive practices to strengthen compensation programs in alignment with the Firm's value proposition
  • Partner with Talent Acquisition to provide guidance on offers (experienced hire and campus)
  • Communicate compensation strategies and recommendations to key stakeholders, including senior leadership
  • Oversee and update all compensation related communications and materials
  • Identify and perform root cause analysis to ensure accuracy of data feeds, system programing and reporting as needed
  • Monitor federal, state, and local compensation laws and regulations to ensure compliance. Leverage in-depth knowledge of compensation regulations to conduct initial review for compliance related to pay equity, pay transparency, minimum wage and overtime salary threshold regulations.
  • Lead all aspects of assigned projects, including developing project plans, engaging internal and external stakeholders, seeking input from relevant sources, identifying and mitigating risks and tracking and communicating progress to bring projects to successful completion
  • Other duties as needed

You have the following technical skills or qualifications:

  • Bachelor's degree in human resources, finance, economics, mathematics, or other business-related areas

  • Minimum of 7 years of compensation-focused experience. CCP certification is a plus.

  • Position requires broad but sound knowledge of:

  • Compensation theory, concepts, practices, and trends

  • Compensation program design, implementation, and administration

  • Compensation analysis including gathering and analyzing market data and external data sources, job evaluation and grading, job matching, market pricing

  • Consulting skills with stakeholders at all levels (including senior leadership) in areas of compensation and reward

  • Advanced skills in MS Office Excel, Word and PPT, and HRIS applications. Experience with Oracle HCM a plus.

  • Extensive experience with Excel/data manipulation including ability create and modify complex reports, logic formulas and macros

  • Excellent interpersonal and communication skills, both verbal and written

  • Strong analytic skills with focus on quality

  • Ability to take initiative and operate independently

  • A reputation for discretion, integrity, judgment, responsiveness, and strong attention to detail

  • Ability to work additional hours as needed

  • Ability to travel on occasion as needed

The base salary range for this position is between $120,000 and $180,000. Placement within the pay range is at Grant Thornton's discretion, and it is based on multiple factors, including but not limited to, job -related knowledge/skills, experience, business needs, progression within the role, geographic location, and internal equity. At Grant Thornton, compensation decisions are dependent upon the facts and circumstances of each position and candidate.

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FAQs About Compensation Manager Jobs at Grant Thornton LLP

What is the work location for this position at Grant Thornton LLP?
This job at Grant Thornton LLP is located in Chicago, IL, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Grant Thornton LLP?
Candidates can expect a pay range of $120,000 and $180,000 per year.
What employment applies to this position at Grant Thornton LLP?
Grant Thornton LLP lists this role as a Full-time position.
What experience level is required for this role at Grant Thornton LLP?
Grant Thornton LLP is looking for a candidate with "Director" experience level.
What benefits are offered by Grant Thornton LLP for this role?
Grant Thornton LLP offers Career Development for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at Grant Thornton LLP?
You can apply for this role at Grant Thornton LLP either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.