Head of Global Compensation Programs and Operations

Northern Trust • Chicago, IL

103d • $137,400 - $240,400

About The Position

The Head of Global Compensation Programs & Operations is responsible for design, implementation, and managing compensation strategies and programs to attract, retain, and motivate partners, ensuring compliance with regulations and aligning with company goals. The key responsibilities of the role include: Provide support to the Head of Global Total Rewards in setting strategic and operational leadership in the implementation, administration, and communication of compensation programs including HR governance, base pay, variable pay, merit, compensation planning, and market analysis with a focus on continuous improvement. Develop, implement and carry out the ongoing evaluation and governance of global compensation and recognition programs, processes and systems and people data to manage costs, increase efficiency and improve functionality. Manage the annual compensation cycles including stakeholder communications, enablement, project planning, timelines, system set up, data management and dissemination, audits and approvals. Advise leaders and managers on compensation & reward policies and practices providing deep subject matter expertise, and provide training, and guidance on development of best practice compensation programs, policies, and procedures to stakeholders. Lead the development of educational materials, tools, and necessary training modules to increase HRBPs and management understanding of existing or new compensation programs and practices. Ownership of compensation survey submissions and salary range reviews: job matching, data submission and independent analysis of benchmarking data to support compensation strategy. Continuously review current compensation processes, programs and tools (e.g., annual compensation review, market pricing, etc.) to identify opportunities for process improvements, automation and solutions for implementation to enable greater efficiency, scalability as well as enhance employees’ total rewards experience. Support audit processes and legal reporting to make certain compensation programs are administered in compliance with company policies and government regulations. Partner with business and HR leaders in the administration and continuous enhancement of the company’s job architecture. Annually assess our job architecture and salary ranges and provide recommendations as needed. Collaborate with HR Technology team on technology strategy, improvements, and enhancements to data integrity and Total Reward systems and tools. Make staffing decisions, manage expenses and salary review process. Support other cross-functional, global initiatives and projects as needed.

Requirements

• Bachelor’s degree in human resources or related field of study or equivalent experience.
• A minimum of 10+ years of progressive compensation experience partnering with senior leadership/executives.
• Demonstrated experience in job evaluation, job architecture, market pricing, benchmarking, salary structure design and development.
• Excellent critical thinking and problem-solving skills.
• Strong communication and interpersonal skills.
• Knowledge of global compensation laws, regulations, and market trends.
• Ability to work independently and in a team environment.
• Detail-oriented and organized, with strong project management skills.
• Advanced proficiency in Microsoft Excel and other Office products and HR applications including Workday.

Responsibilities

• Provide support to the Head of Global Total Rewards in setting strategic and operational leadership in the implementation, administration, and communication of compensation programs.
• Develop, implement and carry out the ongoing evaluation and governance of global compensation and recognition programs.
• Manage the annual compensation cycles including stakeholder communications, enablement, project planning, timelines, system set up, data management and dissemination, audits and approvals.
• Advise leaders and managers on compensation & reward policies and practices providing deep subject matter expertise.
• Lead the development of educational materials, tools, and necessary training modules.
• Ownership of compensation survey submissions and salary range reviews.
• Continuously review current compensation processes, programs and tools to identify opportunities for process improvements.
• Support audit processes and legal reporting to ensure compliance.
• Partner with business and HR leaders in the administration and continuous enhancement of the company’s job architecture.
• Collaborate with HR Technology team on technology strategy, improvements, and enhancements.
• Make staffing decisions, manage expenses and salary review process.
• Support other cross-functional, global initiatives and projects as needed.

Benefits

• 401k and pension
• medical, dental, vision, spending accounts and disability
• paid time off
• parental and caregiver leave
• life & accident insurance
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees