Compensation Consultant

Zurich North America•Schaumburg, IL

8h•Hybrid

About The Position

Zurich North America is seeking an experience Compensation Consultant. In this exciting opportunity you will leverage and expand your knowledge of Human Resources while providing Compensation consulting support to various business units within the organization through a variety of projects applying technical expertise and problem-solving capabilities. This includes benchmarking jobs, salary analysis and compensation program analysis to support program design recommendation and ensure our total compensation is competitive in the marketplace. The location for this role is in our North American Headquarters in Schaumburg, IL and offers a hybrid work schedule. This Compensation Consultant’s responsibilities are aimed at ensuring that the company’s compensation practices are competitive, fair, and aligned with the organization’s overall strategy. In this role you will be responsible for: Identify and recommend solutions to compensation issues and assist internal business partners in making competitive pay decisions. Respond to the needs of internal stakeholders by market pricing jobs in a timely manner, identifying best survey sources, and providing relevant recommendations based on analysis and within our flexible framework. Plan and program management for compensation, conducting market research and monitoring compensation trends. Support the implementation and administration of equity plans across the organization including plan restatement, benchmarking, buyout calculations, communications, and account maintenance. Manage projects, analyze issues and provide recommendations to address various compensation challenges identified by the team or management. Provide status updates by developing work plans and updating team members and stakeholders on changing compensation issues. Analyze legislative changes and make recommendations to the management team for appropriate change. A future with Zurich. What can go right when you apply at Zurich? Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 150 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve.

Requirements

Bachelors Degree and 6 or more years of progressive experience in compensation, Total Rewards, or other HR disciplines OR High School Diploma or Equivalent and 8 or more years of progressive experience in compensation, Total Rewards, or other HR disciplines OR Zurich Certified Insurance Apprentice including an Associate Degree and 6 or more years of progressive experience in compensation, Total Rewards, or other HR disciplines
Experience managing and analyzing large amounts of data using Excel and developing PowerPoint presentations to share insights with stakeholders
Experience with HRIS; SAP and/or SuccessFactors

Nice To Haves

PHR or SPHR
CCP or coursework toward CCP, including Quantitative Methods
Intermediate to Advanced Excel and PowerPoint skills
Excellent communication and interpersonal skills
Equity plan administration
Sales incentive plan development and administration

Responsibilities

Identify and recommend solutions to compensation issues and assist internal business partners in making competitive pay decisions.
Respond to the needs of internal stakeholders by market pricing jobs in a timely manner, identifying best survey sources, and providing relevant recommendations based on analysis and within our flexible framework.
Plan and program management for compensation, conducting market research and monitoring compensation trends.
Support the implementation and administration of equity plans across the organization including plan restatement, benchmarking, buyout calculations, communications, and account maintenance.
Manage projects, analyze issues and provide recommendations to address various compensation challenges identified by the team or management.
Provide status updates by developing work plans and updating team members and stakeholders on changing compensation issues.
Analyze legislative changes and make recommendations to the management team for appropriate change.