Compensation Director jobs in Chicago, IL

Compensation Director is responsible for the design, implementation, and ongoing evaluation of the organization's compensation programs, including base pay, incentive pay, and performance management programs. Leads the compensation function and works with senior management to ensure that compensation strategy and programs support the organization's business objectives, meet all legal requirements, and deliver value and equitable pay. Being a Compensation Director develops compensation budget for assigned areas and manages budget after it is approved. Establishes data collection and analysis processes for market, pay equity, and other compensation studies. Additionally, Compensation Director may be responsible for entire organization or for one or more major segments of a larger organization. Requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to a head of a unit/department. The Compensation Director typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Compensation Director typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)

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Director - Compensation
  • LivCor
  • Chicago, IL FULL_TIME
  • LivCor, a Blackstone portfolio company, is a real estate asset management business specializing in multi-family housing. Formed in 2013 and headquartered in Chicago, LivCor is currently responsible for a portfolio of over 400 Class A and B properties comprising more than 150,000 units in markets across the United States.

     

    Our business is focused on making real estate more valuable. But for us, it’s more than that. It’s people first, community always. It’s a life-filled career, not just a career-filled life. It’s doing good work, with good humans, and making a difference. It’s excellence in all its forms. Ultimately, we create great places to work, live, and grow. We do that by focusing on leaving people – and places – better than we found them.

     

    Whew! Still with us? Cool. Let’s talk about where you’d fit in:

     

    The Director – Compensation serves as subject matter expert on compensation programs and paying for performance.  This compensation expert will play a lead role in developing compensation structures, banding, job leveling, benchmarking, LTI management and reporting all while providing critical analytics for LivCor.  This role will also be responsible for mid and year end reporting and pay planning. 

     

    This person will play a key role in hiring, promotions and market analysis to ensure that we are employers of choice.  In addition, facilitation of people leader training, hosting office hours for different programs and administering the annual BREIT programs are included in the responsibilities.  The ideal team member is a self-starter who can manage multiple projects, an excellent communicator who is able to tailor the message to the audience.  This person is detailed, an excel “guru” and analytical with a mindset focused forward.  We strive to be on the cutting edge and need someone to lead this process across multiple groups. 

     

    Only read further if you are:

    • Kind
    • Humble
    • Honest
    • Relentless
    • Smart with Heart

    You should be:

    • Authentic. You do you. Together, we’ll do something amazing.
    • A passionate person with a love for real estate and investing; and believes that helping others win is a noble cause, essential to our success.
    • An excellent team player who enjoys working with others and has strong interpersonal skills.
    • Highly motivatedenergetic, and organized

    What you will do:

    • Lead the evaluation and development of compensation structure in partnership with People team and leadership. 
    • Assist with the design analysis on new compensation programs including salary structure design and job title schemes
    • Conduct or assist with annual Benchmarking job matching and survey submissions
    • Lead the year-end compensation pay planning process
    • Evaluates and analyzes salary data, determines pay grades, and conducts or participates in compensation surveys
    • Implement and maintain competitive salary ranges
    • Conducts reporting and analysis on compensation practices to identify and strategize gaps and/or future needs
    • Identify compensation mix for new roles. Ensures the compensation program enhances the organization's ability to recruit and retain employees through market pay analysis
    • Conduct job evaluations and recommends compensation mix in line with the company’s pay philosophy
    • Maintain job description database, job family, and job title schemes
    • May perform a variety of HR administrative tasks including corporate compensation plans and programs
    • Administers compensation policies and procedures, including all aspects of pay administration, including base pay, variable pay and equity compensation.
    • Administers LTI, promote, carry and other long term incentives including managing data and statement development and delivery on a set cadence. 
    • Manage projects, such as developing/maintaining job architecture and pay structures along with leading the implementation of new compensation-related technology and maintenance/enhancement of existing systems
    • Develops compensation-related training materials and communications and facilitates programs
    • Prepares ad hoc analyses and reports
    • Audit data to maintain the integrity and accuracy of all compensation data
    • Other job duties, as assigned

    What you should have:

    • Bachelor’s degree in Human Resources, Business, or related field
    • Minimum 5 years experience in compensation experience, including experience in short-term incentive and long-term incentive pay
    • Advanced analytical and problem-solving skills
    • Advanced Excel skills
    • Extensive knowledge of applicable state and federal employment and labor laws in relation to pay practices
    • Strong interpersonal skills and the ability to build relationships with stakeholders, including team members, management, external parties
    • Must be discrete and maintain the highest confidentiality with extremely sensitive data
    • Candidate should have knowledge of commonly used concepts, practices, and procedures within Human Resources including compliance and regulatory requirements

    What we offer:

    We know that if we take care of our team everything else will fall into place. We aren’t perfect, but we will try to set very clear expectations, always let you know where you stand, and do everything in our power to help you get where you want to go.

     

    Our culture and values matter to us. A lot. We’re definitely not serious but we take this stuff seriously, if you get what we mean. We want a place that is an ego-free zone. A place where good people do good things together. It shouldn’t be rocket science in workplaces, but for some reason it still is? We’re absolutely determined to be different, and we think we’re doing a pretty good job at it. We have a CEO who makes fun of himself, and who will encourage you to tell him when he is wrong. In fact, he needs people to – we all do. Supportive challenge is good, it’s how we get better. We like getting better. We also love diversity, of all kinds. We need people who look, sound, speak, love, and exist differently from one another. This isn’t at the end of this paragraph because it’s an afterthought. It’s SO important to us we want it to stand out.

     

    Right. On to the technical stuff that we know matters to you. We offer competitive pay that is commensurate with the market and relevant experience, and a full slate of benefits that even includes things like paid parental leave.

      

    If any of this sounds interesting, then maybe we are a fit. Life is too short to work with people you don’t like. So whatever you do, don’t make that mistake.

     

    The LivCorian Values

  • Be you. Be Real. Be Open. You do you. Together, we will do something amazing.
  • Care, Always. We don’t want to let anyone down.
  • Courageously Curious. We love to learn, even when it hurts.
  • Help Others Win, Be A Good Neighbor. This is about ‘We, not Me.’
  • Relentless Hustle, Heart & Humility. Work hard. Be Kind. Make Better.
  •  

    A few of the people you will work with {link to LinkedIn}:

    • Jen Lee
    • Katie Prats
    • Lauren Wulf
    • Pam Cain
    • Kelly Vohs
    • Austin Morris
    • Michael Friedland

     

     

    LivCor is proud to be a US EPA ENERGY STAR® Partner

     

    EEO Statement

    Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.

     

    #LI-MS1 #LI-Hybrid

  • 2 Months Ago

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Global Compensation Director
  • Zones LLC.
  • Chicago, IL FULL_TIME
  • About Zones Zones is a Global Solution Provider of end-to-end IT solutions with an unmatched supply chain. Positioned to be the IT partner you need, Zones, a Minority Business Enterprise (MBE) in busi...
  • 10 Days Ago

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Global Compensation Director
  • Zones LLC.
  • Carol Stream, IL FULL_TIME
  • About Zones Zones is a Global Solution Provider of end-to-end IT solutions with an unmatched supply chain. Positioned to be the IT partner you need, Zones, a Minority Business Enterprise (MBE) in busi...
  • 11 Days Ago

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DIRECTOR OF CLASSIFICATION AND COMPENSATION
  • Cook County Health and Hospitals
  • Chicago, IL FULL_TIME
  • Job Posting: Dec 13, 2023, 6:52:30 PM Closing Date: Ongoing Full-time Shift Start Time: 8:00 A.M. Shift End Time: 4:30 P.M.Collective Bargaining Unit: NONE Posting Salary: COMPETITIVEOrganization: Hea...
  • 1 Month Ago

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Director, Global Compensation
  • Deerfield, Illinois
  • Deerfield, IL FULL_TIME
  • This is where you save and sustain lives At Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You’ll feel a s...
  • 1 Month Ago

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Director, Global Compensation
  • Baxter
  • Deerfield, IL FULL_TIME
  • This is where you save and sustain lives At Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You'll feel a s...
  • 1 Month Ago

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0 Compensation Director jobs found in Chicago, IL area

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Compensation Director
  • American Family Insurance Group
  • Chicago, IL
  • As Director of Compensation you will oversee the planning and administration of company compensation plans for all emplo...
  • 3/28/2024 12:00:00 AM

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Client Director
  • Epsilon
  • Chicago, IL
  • Job Description The individual is responsible for becoming first and foremost a client partner. We expect them to create...
  • 3/28/2024 12:00:00 AM

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Director of Operations
  • Simos
  • Chicago, IL
  • Description Staff Management/SMX has a Director of Operations located in the Chicago, IL area. We are looking for someon...
  • 3/27/2024 12:00:00 AM

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Development Director
  • American Heart Association
  • Chicago, IL
  • Overview: As we celebrate our Centennial year, we invite you to join us in shaping the next century of impact. Be a rele...
  • 3/27/2024 12:00:00 AM

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Operations Director
  • ARSAN International Consulting Group
  • Chicago, IL
  • About the job Operations Director Our world-class client is searching for an Operations Director is a critical role resp...
  • 3/26/2024 12:00:00 AM

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Athletic Director
  • Acero Charter Schools, Inc.
  • Chicago, IL
  • OVERVIEW: Reports to: Chief Education Officer Salary: Competitive Salary and Benefits Location: Chicago, IL WE ARE ACERO...
  • 3/24/2024 12:00:00 AM

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Director of Operations
  • Allied Universal®
  • Des Plaines, IL
  • Overview Allied Universal®, North America's leading security and facility services company, provides rewarding careers t...
  • 3/12/2024 12:00:00 AM

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Director of Installation
  • Allied Universal® Technology Services
  • Chicago, IL
  • Overview When you join the Allied Universal® Technology Services, you are joining one of the fastest growing security sy...
  • 2/8/2024 12:00:00 AM

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Compensation Director jobs
$188,935 to $250,368
Chicago, Illinois area prices
were up 0.8% from a year ago

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