Sr. Compensation Manager

Mindlance

  • Chicago, IL
  • 6 days ago

    Highlights

    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.

    Numbers & Facts

    LocationChicago, IL

    Description


    Q&A with HM:
    1. What are the top 2 3 compensation priorities or business challenges this individual will be expected to address within their first 6 12 months?
    " Annual salary structure redesign US and Canada
    " Hourly incentive plan effectiveness, and payout efficiency
    " Support for HR leadership, Influence Operations/Commercial Leadership
    " Market Analytics/Insights
    " Annual Salary Planning Administration
    " Cross-functional stakeholder management
    2. How critical is prior manufacturing and operations compensation experience, and what aspects of that experience are most important?
    This role will be hybrid a large portion will be focused on the salary population (Sr Director and below)
    3. What differentiates a strong candidate from an exceptional candidate for this role?
    " Korn Ferry Hay job evaluation experience
    " Demonstrated change leadership within COE/shared services models
    " Deep compensation expertise
    " Ability to lead large, cross functional initiatives
    " Comfort operating globally with local differentiation and navigating complexity
    " Strong technical acumen (advanced Excel, analytics)
    " Influence with senior leaders
    " Leading compensation strategy in a matrixed organization
    Job Description:
    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 *** 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

    EEO:

    Mindlance is an Equal Opportunity Employer and does not discriminate in employment on the basis of Minority/Gender/Disability/Religion/LGBTQI/Age/Veterans.

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