Sr. Compensation Manager

Job Title: Sr. Compensation Manager
Location: Chicago, IL 60601 (Hybrid - 2 days remote on Mondays & Fridays)
Pay rate: $45.00/hour to $50.00/hour
Work schedule: Monday - Friday, 8:00 AM - 5:00 PM (1-year assignment with potential to extend)

Overview
The Senior Compensation Manager plays a critical role in driving compensation strategy (35-40%) and operational execution (60-65%) across North America Operations and Procurement for a population of 5,000-8,000 hourly (union and non-union) and salaried employees. Reporting to the Director of North America & WHQ Compensation, this individual provides expert consultation to HR Business Partners and executive leaders on job evaluations, market benchmarking, salary structure redesigns, and incentive plan performance.

Job Specifications

• Lead the annual US and Canada salary structure redesign and manage annual salary planning and incentive cycles
• Evaluate hourly incentive plan effectiveness and payout efficiency across multi-site manufacturing operations
• Conduct market analytics, benchmarking, and job evaluations for broad-based and executive positions using Korn Ferry Hay methodology
• Partner with HR leadership, Operations, Commercial, and R&D business units to deliver custom compensation insights and solutions
• Design and implement policies to maintain internal equity, external competitiveness, and fiscal alignment with meritocracy principles
• Oversee international salary survey participation and multi-country salary structure development
• Develop and execute compensation-related training materials while driving continuous process improvements
• Bachelor's degree required (MBA or equivalent preferred); Certified Compensation Professional (CCP) preferred
• 5+ years of compensation experience with in-depth knowledge of plant manufacturing and operations environments required
• In-depth technical knowledge of compensation theories, program design, applicable labor laws, and advanced Excel analytics
• Proven ability to manage large cross-functional initiatives and influence senior leadership without direct authority
• Korn Ferry Hay job evaluation experience strongly preferred

Requisition & Assignment Details

• Management & Team Structure: Individual contributor role (no direct reports); reports directly to the Director of North America & WHQ Compensation

Benefits (employee contribution):

• Health insurance
• Health savings account
• Dental insurance
• Vision insurance
• Flexible spending accounts
• Life insurance
• Retirement plan

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Rate of pay within the stated range will depend on the qualification of the applicant.