Compensation Consultant

Corps Team; Chicago (IL); Hybrid; USD 73,000 - 105,000; Full time

Job summary

Corps Team is seeking an experienced Compensation Consultant for a 4 month contract role in Chicago, IL. The position is hybrid, focusing on compensation program design, plan management, and evaluation in line with the organization’s reward strategy.

Responsibilities include developing salary and incentive designs, reviewing base pay and incentives, and supporting annual salary planning with data and analysis. 3+ years of experience and a university degree are preferred.

Qualifications

• University degree preferred.
• 3+ years of experience required; 5+ years preferred.
• Pay Rate- $52.88-$76.44/ hour

Responsibilities

• Develops salary and incentive structure designs and pay policies in accordance with the organization’s reward strategy.
• Reviews changes to base pay, short-term and long-term incentives, allowances, deferred compensation, and sales compensation as directed by management.
• Reviews preliminary job analysis, job evaluations and salary increase reviews to ensure employees receive the appropriate compensation for their position.
• Conducts analysis and studies to support management in developing and administering effective compensation and benefits programs in accordance with the organization's reward strategy.
• Approves reports for the purpose of providing written support and conveying information to management regarding policy and compensation interpretation as well as in the annual salary planning process.
• Participates in the planning of new and revised compensation programs so that employees receive the appropriate compensation for their position.
• Assesses the company's compensation programs to ensure they are in accordance with established policies.

Education

University degree

Job description

Our client, a large financial services and investment management firm is seeking an experienced Compensation Consultant for a 4 month contract role in Chicago, IL. This role is hybrid. The Compensation Consultant conducts compensation program design, compensation plan management and compensation evaluation and analysis. Under minimal supervision, this job is responsible for developing and administering effective compensation programs in accordance with the organization's reward strategy.

Key Responsibilities and Duties

• Develops salary and incentive structure designs and pay policies in accordance with the organization’s reward strategy.


• Reviews changes to base pay, short-term and long-term incentives, allowances, deferred compensation, and sales compensation as directed by management.


• Reviews preliminary job analysis, job evaluations and salary increase reviews to ensure employees receive the appropriate compensation for their position.


• Conducts analysis and studies to support management in developing and administering effective compensation and benefits programs in accordance with the organization's reward strategy.


• Approves reports for the purpose of providing written support and conveying information to management regarding policy and compensation interpretation as well as in the annual salary planning process.


• Participates in the planning of new and revised compensation programs so that employees receive the appropriate compensation for their position.


• Assesses the company's compensation programs to ensure they are in accordance with established policies.

Requirements

• University degree preferred


• 3+ years of experience required; 5+ years preferred


• Pay Rate- $52.88-$76.44/ hour