What are the responsibilities and job description for the Senior Compensation Analyst position at Robert Half?
A Robert Half client is seeking a Senior Compensation Specialist in Chicago, Illinois. The successful applicant will play a key role in the design, analysis, budgeting, and implementation of new compensation programs. Additionally, they will ensure that these programs are efficient and effective, and remain competitive. This position offers a hybrid work arrangement with an expanding global company.ResponsibilitiesLead and participate in various compensation projects, including the design, analysis, budgeting, and rollout of new compensation programs.Conduct thorough analyses to assess the effectiveness, efficiency, and competitiveness of existing compensation structures, policies, and processes. Generate reports, dashboards, and metrics to pinpoint key trends and opportunities.Collaborate with cross-functional teams to design, implement, and manage wage structures, incentives, and rewards programs to support organizational goals, pay equity, and transparency.Serve as a subject matter expert on significant compensation initiatives, identifying opportunities for enhancements in programs, policies, and procedures. Recommend and implement approved changes.Assist in the annual compensation planning cycle, including testing and ensuring the functionality of the compensation planning system.Develop models and perform analyses to support compensation programs, special projects, and the annual budgeting process.Create and support communication and change management efforts for compensation programs to enhance understanding across the organization.Partner with Legal, Finance, and Payroll teams to complete required pay equity compliance reporting.Prepare presentations, scorecards, trends, and graphical illustrations for leadership reviews of compensation programs.Collaborate with HRIS to ensure accurate updates regarding compensation-related HR data in the system of record. Act as a compensation expert on system implementations affecting compensation.Participate in compensation surveys across relevant regions, maintaining an up-to-date market data database with accurate job matching.Work with HR, Talent Acquisition, Talent Development, and people leaders to keep job descriptions current and market-aligned.Ensure all compensation programs comply with federal, state, and local regulations.Collaborate with the total rewards team on projects, such as developing total compensation statements.Mentor and collaborate with team members as an expert on compensation, recognition, and rewards programs.Participate in total rewards program surveys.Perform other duties and responsibilities as needed.
Salary : $110,000 - $115,000
