Client: Food company
Title: Compensation Lead
Location: Chicago, IL
Duration: 9 Months
Pay Rate: $55-70/hr
Schedule: Hybrid (works in office Tuesday-Thursday) || Work from home Monday and Friday
Interview Details: 2-3 Rounds

Benefits:

The Company offers the following benefits for this position, subject to applicable eligibility requirements: medical insurance, dental insurance, vision insurance, 401(k) retirement plan, life insurance, long-term disability insurance, short-term disability insurance, paid parking/public transportation, (paid time , paid sick and safe time , hours of paid vacation time, weeks of paid parental leave, paid holidays annually - AS Applicable)

Must Haves:

• Deep compensation expertise
• Ability to lead large, cross functional initiatives
• Comfort operating globally and navigating complexity
• Strong technical acumen (advanced Excel, analytics)

Strong Differentiators:

• Prior India and/or Mexico market exposure
• Korn Ferry Hay job evaluation experience
• Demonstrated change leadership within COE/shared services models

Job Description:

• The Compensation Lead will play a critical role in driving compensation strategy and decision-making across North America Support Functions; India, and Mexico Global Capability Centers.
• Reporting to the Director of North America & WHQ Compensation, this position will provide expert guidance and consultation to HR Business Partners and Business Leaders on a range of compensation-related matters, including job evaluations, market benchmarking, job offers, salary structure development, and incentive plan design and administration.
• To succeed in this role, candidates must possess a unique blend of analytical, technical, and interpersonal skills, with the ability to navigate complex and ambiguous situations.

Key Components of the role:

• Develop and administer compensation programs across multiple countries
• Execute the annual salary planning and incentive cycles
• Perform and oversee job evaluations of both broad-based and executive positions
• Identify, design, and implement policies and procedures to ensure internal equity, external competitiveness, and fiscal responsibility that align with our pay-for-performance philosophy and culture of meritocracy
• Oversee the salary survey participation and salary structure development for multiple countries
• Develop, design, and execute compensation related training
  Propose process improvements and recommend policy changes to assure compliance and competitiveness of client's compensation

Qualifications:

• Bachelor’s degree required, MBA or equivalent degree preferred
• 7+ years’ compensation experience, preferably with in-depth
• knowledge of India and Mexico Labor Markets
• In depth technical knowledge of compensation theories and principles, compensation program design, and applicable laws
• Excellent interpersonal and communication skills
• Ability to manage cross-functional projects and influence team members without direct managerial authority
• Solutions-oriented mindset with a desire to innovate
• Knowledge of MS Suite and other business-related software
• Certified Compensation Professional (CCP) or other HR certification