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    Compensation Manager - Chicago, United States - LHH

    LHH
    LHH background
    Description

    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:

    • Bachelor's 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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