Compensation Manager

4 weeks ago

Chicago, United States LHH Full time

Summary:

The Senior Manager of Compensation is responsible for developing data-driven compensation initiatives for lawyers and staff to attract, motivate, and retain top talent within the firm. This role also involves managing non-partner performance management and compensation cycles across the organization, ensuring alignment with the firm's objectives.

Responsibilities:

  • Develop, implement, and maintain a comprehensive and equitable compensation strategy that aligns with firm objectives, industry standards, and regulatory requirements.
  • Supervise, train, and develop professionals in analytics, compensation, and performance management.
  • Collaborate with HR business partners and senior leaders to ensure compensation strategies support functional goals.
  • Evaluate and monitor staff and non-partner lawyer positions to ensure internal equity and market competitiveness.
  • Implement and administer new compensation programs, including base salary, bonuses, and incentive plans.
  • Assess current compensation structures for effectiveness and develop design recommendations.
  • Enhance and develop communications related to analytics and compensation.
  • Develop, monitor, and manage the compensation budget.
  • Coordinate competitive analysis processes, including survey strategy, data analysis, and executive presentations.
  • Develop innovative proposals, analysis, and presentations for analytics and compensation-related topics.
  • Create user-friendly reports summarizing key compensation metrics, trends, and recommendations for senior leaders.
  • Perform other job duties and analyses as assigned.

Qualifications:

Education and Experience:

Required:

  • Bachelors degree.
  • Minimum of 7 years of human resources, accounting, actuarial, or consulting experience.
  • 5-7 years of compensation strategy/administration or performance management experience.
  • In-depth knowledge of salary structure and design.
  • Thorough understanding of compensation principles, practices, and regulations.
  • Strong analytical skills with the ability to interpret complex data and provide data-driven recommendations.
  • Proficiency with Excel and other relevant programs (e.g., PayFactors/PayScale, PeopleSoft, Oracle, Workday).
  • High level of integrity and discretion in handling sensitive information.

Preferred:

  • Master of Business Administration (MBA) degree.
  • Consulting experience.
  • Experience in transformation and change leadership.
  • Experience with compensation management systems.

Other Skills and Abilities:

  • Strong organizational and attention-to-detail skills.
  • Good judgment and interpersonal communication skills.
  • Strong analytical and problem-solving abilities.
  • Ability to work harmoniously with others and maintain confidentiality.
  • Capacity to work under pressure, manage multiple projects, and meet deadlines efficiently.

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