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    Compensation Manager - Chicago, United States - Addison Group

    Addison Group
    Addison Group Chicago, United States

    3 weeks ago

    Addison Group background
    Description
    Title – Incentive Compensation Lead

    Hours:
    Hybrid (1 day a week)


    Pay: 130,000


    Location:
    Chicago, IL

    Perks:
    My client has an impressive benefits package and provides a strong 401k match and great facilities. They also provide an incredible culture, room for internal growth, and exposure to leadership.


    Requirements:
    5+ years of experience in compensation.
    2+ years of experince handling incentive/sales compensation
    Experince utilizing workday


    Summary of Position:


    The Incentive Compensation Professional collaborates with the Vice President of Total Rewards and the Compensation Committee to streamline the design and oversight of our Incentive Compensation Plan (ICP).

    Responsible for driving the implementation and ongoing enhancement of our Incentive Compensation Program, this role focuses on optimizing workflows to boost efficiency.


    Position Description:


    Collaborate with senior leadership and the Compensation Committee to design, implement, and manage the company's Incentive Compensation Plans (ICPs) to align with business objectives and drive performance.

    Lead the development and execution of comprehensive strategies for incentive compensation programs, ensuring they are competitive, equitable, and compliant with regulatory requirements.

    Analyze market trends, benchmarking data, and industry best practices to optimize incentive compensation plans and policies continuously.

    Partner with cross-functional teams, including HR, Finance, Sales, and Legal, to ensure alignment and effective communication regarding incentive compensation programs.

    Oversee the administration and governance of incentive compensation processes, including documentation, tracking, and reporting.
    Provide expert guidance and support to stakeholders on incentive compensation matters, including plan mechanics, eligibility criteria, and payout calculations.
    Conduct regular reviews and audits of incentive compensation data to ensure accuracy and integrity.

    Stay abreast of emerging trends and developments in incentive compensation practices and regulations, proactively recommending enhancements or adjustments as needed.

    Why choose Addison Group?

    Pay:
    We negotiate high salaries using US Bureau of Labor Statistics

    Benefits & Bonuses:
    You are eligible for medical, dental, vision insurance benefits, 401K, and monetary bonuses

    Permanent Employment:
    Many of Addison's Administrative job openings lead to potential permanent employment

    Connections:
    You connect directly with hiring managers from renowned organizations

    Options:
    You are presented multiple employment options near your home

    Professional Development:
    You are provided hiring process advice, resume revision, and employment term negotiation

    Addison Group is an Equal Opportunity Employer.

    Addison Group provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws.

    Addison Group complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.

    Reasonable accommodation is available for qualified individuals with disabilities upon request.

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