A Robert Half client is seeking a Senior Compensation Analyst in Chicago, Illinois. The successful applicant will play a key role in the design, analysis, budgeting, and implementation of new compensation programs. Additionally, they will ensure that these programs are efficient and effective and remain competitive. This position offers a hybrid work arrangement with an expanding global company. Massive Growth Opportunity! Medical benefits paid for by the employer - Do not miss out on this one!
Responsibilities
- Lead and participate in various compensation projects, including the design, analysis, budgeting, and rollout of new compensation programs.
- Conduct thorough analyses to assess the effectiveness, efficiency, and competitiveness of existing compensation structures, policies, and processes. Generate reports, dashboards, and metrics to pinpoint key trends and opportunities.
- Collaborate with cross-functional teams to design, implement, and manage wage structures, incentives, and rewards programs to support organizational goals, pay equity, and transparency.
- Serve as a subject matter expert on significant compensation initiatives, identifying opportunities for enhancements in programs, policies, and procedures. Recommend and implement approved changes.
- Assist in the annual compensation planning cycle, including testing and ensuring the functionality of the compensation planning system.
- Develop models and perform analyses to support compensation programs, special projects, and the annual budgeting process.
- Create and support communication and change management efforts for compensation programs to enhance understanding across the organization.
- Partner with Legal, Finance, and Payroll teams to complete required pay equity compliance reporting.
- Prepare presentations, scorecards, trends, and graphical illustrations for leadership reviews of compensation programs.
- Collaborate with HRIS to ensure accurate updates regarding compensation-related HR data in the system of record. Act as a compensation expert on system implementations affecting compensation.
- Participate in compensation surveys across relevant regions, maintaining an up-to-date market data database with accurate job matching.
- Work with HR, Talent Acquisition, Talent Development, and people leaders to keep job descriptions current and market-aligned.
- Ensure all compensation programs comply with federal, state, and local regulations.
- Collaborate with the total rewards team on projects, such as developing total compensation statements.
- Mentor and collaborate with team members as an expert on compensation, recognition, and rewards programs.
- Participate in total rewards program surveys.
- Perform other duties and responsibilities as needed.
Requirements:
- Minimum of 5 years of experience in a Compensation role
- Bachelors Degree
- Strong understanding and experience in Compliance
- Experience in Annual Compensation planning and execution
- Knowledge of Compensation - International regulations and best practices
- Proficiency in Compensation Benchmarking and conducting Compensation Surveys
- Experience in Global Compensation strategies and implementation
- Demonstrated ability in Employee Recognition programs and initiatives
- Advanced proficiency in Microsoft Excel for data analysis and reporting.