Sr. Compensation Manager

Sr. Compensation Manager - Chicago HybridJob Title: Sr. Compensation ManagerWork Location: Chicago (hybrid - 2 days from home Monday and Friday)Pay Rate: *** Bill Rate: *** Start Date: ASAP End Date: One year Looking to Convert to FTE (full time employment): Unknown: potential to extendInterview Process: One Interview Interview Type: Video ConverenceQ&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 Leadership2. 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 manufacturing for both union and non-union hourly populations, plus salaried (Sr Director and below) Multi-site manufacturing organizations with varying compensation strategies and complexities3. What differentiates a strong candidate from an exceptional candidate for this role?• Expertise with both hourly and salaried populations• 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 complex manufacturingJob 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 populationsExecute the annual salary planning and incentive cyclesPerform and oversee job evaluations of both broad-based and executive positionsIdentify, 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 meritocracyOversee the salary survey participation and salary structure development for multiple countriesDevelop, design, and execute compensation related trainingPropose process improvements and recommend policy changes to assure compliance and competitiveness of *** compensationQualifications:Bachelor's degree required, MBA or equivalent degree preferred5+ years' compensation experience with in-depth knowledge of Operations and Plant Manufacturing People Management experience is strongly preferredIn depth technical knowledge of compensation theories and principles, compensation program design, and applicable lawsExcellent interpersonal and communication skillsAbility to manage cross-functional projects and influence team members without direct managerial authoritySolutions-oriented mindset with a desire to innovateKnowledge of Microsoft Office Suite and other business-related softwareCertified Compensation Professional (CCP) or other HR certification preferredKorn Ferry Hay Job Slotting experience strongly preferredEEO: "Mindlance is an Equal Opportunity Employer and does not discriminate in employment on the basis of – Minority/Gender/Disability/Religion/LGBTQI/Age/Veterans."