Compensation Manager

Grant Thornton International Ltd; Chicago, Northern (IL, KY); Hybrid; USD 120,000 - 180,000; Full time

Job summary

Grant Thornton is seeking a Compensation Manager to join the team to design, develop, manage and administer employee compensation programs, partnering across the business to support firm strategy.

The role sits in the People & Culture team and focuses on benchmarking, annual salary processes, guidelines and education materials, and strategic advisory on compensation design and compliance.

Qualifications

• Broad knowledge of compensation theory, concepts, practices and trends.
• Experience in compensation program design, implementation and administration.
• Experience in compensation analysis with market data and job evaluation.
• Strong consulting skills with stakeholders up to senior leadership.

Responsibilities

• Design, implementation and administration of compensation programs, processes and analysis including day-to-day management.
• Lead compensation benchmarking process including survey participation, market analysis, salary range and structure development and pay position review.
• Administer key annual processes: salary administration, budgeting, market competitiveness, guidelines and training materials.
• Provide strategic consult to HRBPs and leaders on compensation.
• Consult with business leaders to translate business needs into compensation design and policy input.
• Provide quantitative and qualitative analysis to synthesize data and inform decisions.
• Identify marketplace trends to strengthen compensation programs.
• Partner with Talent Acquisition on offers for experienced hires and campus.
• Communicate strategies and recommendations to senior stakeholders.
• Oversee and update all compensation communications and materials.
• Identify root causes to ensure data accuracy and reporting quality.
• Monitor federal, state and local compensation laws and ensure compliance.
• Lead projects, manage risks, and track progress to completion.

Skills

Compensation theory

Compensation program design

Compensation analysis

Consulting with stakeholders

Excel

MS Office

HRIS (Oracle HCM)

Data manipulation

Education

Bachelor's degree in HR, finance, economics, mathematics, or related

CCP certification (plus)

Tools

Oracle HCM

Job description

Grant Thornton is seeking a Compensation Manager to join the team. Approved office locations can be found below.

As an integral member of our People & Culture (P&C) team, the Compensation Manager will have a hands‑on role responsible for the design, development, management, and administration of employee compensation programs and processes. Partnering with cross‑functional stakeholders in the P&C community and across the business, the Compensation Manager will support the evolution and administration of the Firm’s compensation strategy to support business objectives and firm strategy.

Your day-to-day may include:

• Design, implementation and administration of compensation programs, processes and analysis including day‑to‑day management
• Lead compensation benchmarking process including survey participation, market analysis, salary range and structure development and pay position review
• Administer key annual processes which include salary administration, budget modeling, market competitiveness review, development of compensation guidelines and education/training materials, system setup and user support, synthesis of planning results for senior leadership
• Act as a subject matter expert and provide strategic consult to HRBP’s and business leaders on all thing’s compensation
• Consult with internal business leaders to understand roles/skillsets, emerging markets, business challenges and resulting compensation and incentive plan needs. Translate that business perspective to provide input on design of compensation and reward programs, policies, practices/procedures, systems, reporting and communications.
• Provide quantitative and qualitative analysis to synthesize and interpret large sets of data. Leverage results to provide data drive insights and strategic recommendations to inform decision‑making.
• Identify external marketplace trends and provide expertise in competitive practices to strengthen compensation programs in alignment with the Firm’s value proposition
• Partner with Talent Acquisition to provide guidance on offers (experienced hire and campus)
• Communicate compensation strategies and recommendations to key stakeholders, including senior leadership
• Oversee and update all compensation related communications and materials
• Identify and perform root cause analysis to ensure accuracy of data feeds, system programing and reporting as needed
• Monitor federal, state, and local compensation laws and regulations to ensure compliance. Leverage in‑depth knowledge of compensation regulations to conduct initial review for compliance related to pay equity, pay transparency, minimum wage and overtime salary threshold regulations.
• Lead all aspects of assigned projects, including developing project plans, engaging internal and external stakeholders, seeking input from relevant sources, identifying and mitigating risks and tracking and communicating progress to bring projects to successful completion
• Other duties as needed

You have the following technical skills or qualifications:

• Bachelor's degree in human resources, finance, economics, mathematics, or other business‑related areas
• Minimum of 7 years of compensation‑focused experience. CCP certification is a plus.
• Position requires broad but sound knowledge of:
  • Compensation theory, concepts, practices, and trends
  • Compensation program design, implementation, and administration
  • Compensation analysis including gathering and analyzing market data and external data sources, job evaluation and grading, job matching, market pricing
  • Consulting skills with stakeholders at all levels (including senior leadership) in areas of compensation and reward
• Advanced skills in MS Office Excel, Word and PPT, and HRIS applications. Experience with Oracle HCM a plus.
• Extensive experience with Excel/data manipulation including ability create and modify complex reports, logic formulas and macros
• Excellent interpersonal and communication skills, both verbal and written
• Strong analytic skills with focus on quality
• Ability to take initiative and operate independently
• A reputation for discretion, integrity, judgment, responsiveness, and strong attention to detail
• Ability to work additional hours as needed
• Ability to travel on occasion as needed

The base salary range for this position is between$120,000and$180,000. Placement within the pay range is at Grant Thornton’s discretion, and it is based on multiple factors, including but not limited to, job -related knowledge/skills, experience, business needs, progression within the role, geographic location, and internal equity. At Grant Thornton, compensation decisions are dependent upon the facts and circumstances of each position and candidate.