Compensation Manager
Sedgwick
full-time
Posted on:
Location Type: Hybrid
Location: Telecommuter • Illinois • United States
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Salary
💰 $120,000 - $150,000 per year
About the role
- The Compensation Manager responsible for the day-to-day activities of the compensation department.
- This role manages project planning and analysis relating to compensation program revision, development and/or redesign, and provides analytical expertise to colleague resources (CR) through guidance and interpretation of various compensation policies.
- Leads and oversees the daily operations of the Compensation function, ensuring effective administration of compensation policies, programs, and guidelines.
- Provides direction, training, and consultative support to the CR team, line management, and senior leadership.
- Oversees the development and maintenance of job descriptions, job evaluations, salary structures, and supporting compensation systems.
- Ensures regulatory compliance for all compensation programs and practices, including ongoing adherence to FLSA and other applicable federal, state, and local regulations.
- Manages market pricing processes, including internal equity analysis and benchmarking of positions to external market data using standardized compensation surveys.
- Provides expert recommendations to leadership regarding base pay, grade assignment, total compensation opportunity, and hiring ranges.
- Leads high‑level and detailed compensation analyses, including assessments related to job groups, pay equity, geographic differentials, and organizational impacts.
- Translates analytical findings into actionable insights for leadership decision‑making.
- Manages and contributes to complex compensation initiatives and projects, including the design, revision, and implementation of compensation programs.
- Provides project leadership and partners with internal and external stakeholders to ensure successful execution.
- Ensures consistent and compliant administration of compensation programs, including incentive compensation, sales compensation, annual merit and bonus cycles, geographic and shift differentials, and other pay programs, in alignment with established policies and governance standards.
- Partners in administration of the annual merit and bonus cycles, including planning, administration, reporting, and communication to stakeholders.
- Leads the participation of compensation surveys and special studies to maintain competitive market positioning.
- May lead the development of custom or market‑specific surveys, including defining target audiences, managing communications, overseeing data collection, conducting analysis, and presenting results and recommendations.
- Partners strategically with HRIS and analytics teams to define appropriate compensation metrics and ensure timely, accurate, and meaningful reporting to support leadership decision‑making and evaluation of compensation program effectiveness.
- Maintains professional expertise and external perspective by actively engaging in professional associations and staying current on compensation trends, market practices, and legislative or regulatory developments impacting total rewards.
- Performs other duties as assigned. Travel as required.
Requirements
- Bachelor's degree from an accredited college or university with concentration in Human Resources, Business, or Finance preferred.
- Certified Compensation Professional certification preferred.
- Eight (8) years of experience in the compensation field or equivalent combination of education and experience required.
- International compensation experience preferred.
- Compensation experience in market pricing, pay structures, incentives, job architecture, and pay equity principles.
- Strong analytical judgment, with the ability to interpret compensation data, assess cost and risk, and make defensible recommendations.
- Consultative communication skills, translating complex pay concepts into clear, business-focused guidance for leaders and HR partners.
- Systems and governance understanding, including how compensation programs, policies, and tools work together to drive consistency and control.
- People leadership capability, with the ability to coach, develop, and quality-check the work of others.
- Advanced analytical and technical proficiency, including strong Excel and broader compensation system and reporting tools.
- Effective planning and prioritization skills, managing multiple and shifting priorities in a deadline-driven environment.
- Strong interpersonal and influencing skills, demonstrating professionalism, discretion, and sound judgment in sensitive matters.
Benefits
- medical
- dental
- vision
- 401k and matching
- PTO
- disability and life insurance
- employee assistance
- flexible spending or health savings account
- other additional voluntary benefits
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
compensation program revisionmarket pricingpay structuresincentivesjob architecturepay equity principlesanalytical expertisedata interpretationcompensation analysisproject management
Soft Skills
consultative communicationanalytical judgmentpeople leadershipplanning and prioritizationinterpersonal skillsinfluencing skillscoachingdevelopmentquality-checkingdecision-making
Certifications
Bachelor's degreeCertified Compensation Professional