Compensation Design Strategist

3 weeks ago


Chicago, Illinois, United States Voda Cleaning & Restoration of St. Louis Full time
Job Description

Overview

The Director of Compensation Design will be responsible for developing strategic proposals regarding compensation programs. These programs will range from broad-based incentives to developing metrics and ensuring that our day-to-day programs are running at optimal levels.

Key Responsibilities

  • Design, support, and implement compensation programs aligned with Epsilon's performance culture and ensure that programs are current, competitive, and in compliance with legal requirements.
  • Work directly with the compensation team and leadership to develop strategic proposals regarding compensation programs.
  • Provide support to existing programs and business leaders, but primary duties will be to support the strategy and design demands on the compensation function.
  • Participate in the development of compensation programs, including merit, annual bonus, salary surveys, pay equity, pay transparency, and other compensation programs.
  • Collaborate with HR Business Partners, Finance, HRIS, and business owners to implement processes, systems, and tools to improve compensation administration, communication, and analysis.
  • Provide support to other members of the compensation team, regarding annual salary review/merit process, variable compensation/commission plans, equity, and other compensation programs.

Requirements

  • 12+ years of experience in compensation.
  • Prior experience in consultative roles in mid to large-size technology corporations or consulting companies (over 500 employees).
  • Experience leading compensation programs and conducting high-level presentations.
  • Knowledge and experience with state and federal labor laws and regulations as it relates to compensation.
  • Strong understanding of HRIS systems.
  • Advanced knowledge of Excel required: complex formulas, pivot tables, VLOOKUPs, and graphs and charts.

What You'll Achieve

  • Help maintain a compensation structure/philosophy and classifications system, define job levels and families, compile market data, and establish pay parameters.
  • Manage and oversee large-scale initiatives involving cross-functional teams.
  • Participate, analyze, and interpret market data.
  • Complete special studies and recommendations on subjects such as incentive compensation, bonus plans, sales compensation, or company pay equity.
  • Consolidate information and produce reports to be used for management decision-making.
  • Support communications and change management efforts of Compensation/HR.
  • Ensure proper documentation and audit processes are developed, approved, and followed.


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