Job Title: Compensation Analyst – Corporate
Work Schedule: 40-hour weekly target
Supervisor: Manager, Compensation
Employment: Full-time with benefits
Global Company: Headquartered in Chicago
Company Location: Downtown Chicago Loop (hybrid 1-2 days per week in office)
Industry: Manufacturing and services ($12B-$14B in revenues)
Salary Target:
Work Experience
- 2 – 4 years (early career); 4 years may be out of compensation target
- Prefers compensation consulting / analysis firm experience: Willis Towers Watson, AON, Mercer, The POE Group
Job Description Summary
As a key member of Corporate Total Rewards team, the Compensation Analyst supports the Center of Expertise for Company’s enterprise compensation programs and serves as an advisor to our HR partners at the Group and business level. Reporting to the Manager, Compensation, and in partnership with other Corporate functional areas, this role is accountable for delivering a blend of compensation expertise and tactical support, including administering cyclical compensation and performance processes, managing salary survey participation, and ensuring compliance. The position also supports the development of tools, technology, and market pricing guidance, while contributing to enterprise initiatives such as job architecture and pay harmonization to maintain competitive and compliant compensation practices across the organization.
Position Responsibilities
Annual/Quarterly Compensation Processes
- Support the development of tools, communications and Workday configuration for the annual merit and incentive process including effective tools, guidance, training and other issue resolution support for the HR partners and managers during the planning cycle
- Support execution of the performance management process including communications and Workday configuration
- Support annual development and evolution of total compensation statements
- Identify process improvements and technology enhancements for Rewards programs and implement solutions in partnership with other internal partners (i.e., HRIS, finance)
- Provide support to partner with the finance team to deliver quarterly reporting for the incentive plan accrual and other quarterly close needs
- Complete participation in all salary surveys and other ad hoc surveys on behalf of Company throughout the year
- Assist in managing information and data flows for the administration of various leadership programs including, but not limited to, the supplemental 401k/deferred compensation and LTIP
- Provide guidance to ensure HR partners are able to meet regulatory/compliance requirements on for their compensation programs an ongoing basis
Consulting/Business Advisory
- Support HR partners in accessing market information for competitive pay analyses including maintenance of any pricing systems
- Create market pricing guidance and tools to allow HR partners to effectively manage compensation competitiveness in their local markets
- Support the development of enterprise compensation programs, technology and tools that can be deployed at the corporate level and implemented in support of our individual businesses
- Support the Manager, Compensation in establishing and maintaining effective relationships with external advisors, plan administrators and other vendors
- Ensure accurate and timely updates to Compensation related materials on Corporate intranet site and support development of new materials for the site.
Ad Hoc Responsibilities/ Projects
- Provide analytical support and project management for special projects such as job architecture and pay/incentive harmonization efforts
- Support the Manager, Compensation as the owner of the compensation module in partnership with the HRIS team
- Review and pay invoices for outside professional/consulting and other services
Qualifications and Competencies
- Bachelor’s degree in finance, accounting, or related field with 2+ years of compensation experience
- Consulting experience, MBA or other related advanced degree highly desirable
- Demonstrated experience as a business consultant on compensation issue/data resolution and maintenance. Global experience highly desirable
- Proficiency using HRIS platform(s); Workday experience ideal
- Experience on large-scale projects entailing change management support
- Knowledge of legal requirements and government reporting/regulations affecting compensation programs to ensure continuous compliance
- Advanced proficiency with Microsoft Office software products; particularly Excel, PowerBI, and PowerPoint
- Superior written and verbal communication, including the ability to communicate effectively across all levels of the organization
- Strong business and financial acumen
- Excellent time management, critical thinking, and decision-making skills with a bias toward action
- Ability to navigate ambiguity and confidently create appropriate solutions in uncertain situations
- Impeccable commitment to acting with integrity and engaging in ethical conduct, without exception, to foster and maintain trusted relationships across the organization
For immediate consideration, please email your resume in Word format to Cameron at cameronwall@ifgus.com.