Head of Compensation and Benefits
4 weeks ago
SUMMARY
The Head of Compensation Strategies will lead the overall strategic direction for compensation programs that are market competitive while supporting overall business objectives. This role involves working collaboratively and providing advice and recommendations on competitive compensation.
This individual will report to the Chief Human Resources Officer, work within Human Resources, and engage regularly with leadership from all departments. As a hybrid employee, the individual is expected to be in the Chicago office on Tuesdays and Wednesdays, as well as a third day in coordination with their team.
RESPONSIBILITIES
The individual will be involved in the following critical activities:
- Develop, recommend, and communicate a comprehensive remuneration and reward strategy for the organization.
- Spearhead all compensation activities including structuring and administering long and short-term incentive programs, as well as analyzing, compiling, and reviewing data in support of salary adjustments.
- Conduct ongoing studies of all Human Resources compensation policies and programs to keep management informed of necessary additions, deletions, and modifications.
- Strategically benchmark current compensation and benefits against the macroeconomic environment and industry patterns to ensure fairness, equity, and attractiveness.
- Develop, enhance, analyze, and maintain salary administration databases and tools, salary spreadsheets, statistical graphs, and other compensation-analysis tools.
- Oversee compensation presentations to decision makers and communicators, offering advice regarding the year-end performance process in collaboration with HR Business Partners.
- Oversee benefit programs, annual benefit enrollment process, administration of leaves of absence and COBRA, along with compliance testing and audits for the 401k plan.
- Foster high morale and collaboration within the department.
EDUCATION, SKILLS AND EXPERIENCE REQUIREMENTS
The ideal experience and critical competencies for the role include the following:
- Bachelor’s degree with 12+ years of HR, compensation, and/or equity experience.
- Experience in the financial services industry or a high-growth public company.
- Understanding of carried interest as a compensation tool.
- Applied experience with HRIS technology; Workday HCM expertise preferred.
- Superior consultative, collaborative, analytical, and organizational skills are critical.
- Highest degree of integrity and ability to maintain confidential information.
ABOUT THE FIRM
GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $79 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 52 years and has a diverse, engaged team of approximately 530 professionals serving a global client base. We are proud to offer our employees a comprehensive benefits package focused on health and wellness, retirement planning, and diversity and inclusion. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney. For more information, visit: gcmgrosvenor.com.
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