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Benefits & Compensation Manager

Hiring Company Industry: IT Consulting/Services
Number of Employees: 1,000 - 10,000 Employees
Total Compensation: $100K+
Reports to: Human Resource Leader
Location: Chicago, IL

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JOB DESCRIPTION

Position Overview


 


Responsible for the strategy, research, design/development, implementation and administration of: base pay and cash incentive compensation plans, 401K plans, health and welfare plans & HRIS. While the person will be responsible for managing the compensation and benefits functions, there is a heavy tactical emphasis in ensuring a successful rollout of; merit, bonus, sales compensation, and benefit programs. Reports on the performance of compensation & benefit plans.  Advises senior management regarding the application of sound compensation & benefits principles and practices.


 


 


 


Responsibilities


 


·Designs, develops, implements and administers the company’s base and incentive compensation & benefits strategies and programs. 


 


·Prepares financial projections for the base salary and variable pay programs & all benefits programs.


 


·Assess and provide direction on sales incentive compensation.


 


·Assesses the business need for the impact of existing and new compensation & benefits programs.


 


·Reports and provides analysis on the performance of compensation & benefits plans.


 


·Consults with leadership across the organization to ensure thorough understanding of compensation principles and strategies.


 


·Develops material necessary for presentations regarding compensation & benefits initiatives to management and to the executive team.  May present information at the executive level.


 


·Manages HRIS system and execution.


 


·Responsible compensation, benefits and work-life content on corporate intranet site.


 


·Provides content expertise and strategy direction for communications associated with employee compensation & benefit programs.


 


·Assures compliance with legal requirements associated with compensation & benefits plans.


 


 


 


Position Requirements


 


·Minimum 11-15 years of progressive experience in HR with a minimal of seven years in compensation design and administration


 


·Variable compensation design and administration experience required.


 


·Experience with stock related long term incentive programs preferred


 


·Experience managing self funded medical plans is preferred.


 


·Excellent technology skills working with Oracle Compensation Workbench is desired.


 


·Excellent MS Office (Excel and PowerPoint) required.


 


·Some prior management experience is preferred.


 


·Bachelors Degree required, preferably in HR or Finance (MBA Preferred)


 


·CCP / CBP / CEBS  professional certifications preferred


 


 


 


Qualifications


 


The ideal candidate will come from an action-oriented and results-based environment. The successful candidate will be an energetic, roll-up-the-sleeves self-starter with deep compensation subject matter expertise, business and people management skills.  The ideal candidate will enjoy a hands on role and have a background that includes corporate and consulting experience.


 


 


 


Key Attributes


 


·Ability to successfully execute comp & benefits processes. 


 


·Ability to communicate merit and bonus reporting and   compensation issues to the CEO and CFO. 


 


·Presentation skills and ability to communicate to senior managers. 


 


·Outstanding Excel-spreadsheet skills. 


 


·Analytical skills. 


 


·Dealing with Ambiguity


 


·Decision Making


 


·Priority Management


 


·Problem Solving


 


·Acting with Integrity and Trust


 


·Project Planning/Management


 


 


 


Compensation


 


Reflecting responsibilities, the position will have competitive compensation and benefits package. 


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