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GCM Grosvenor
Chicago, IL, United States
The Head of Compensation Strategies will lead the overall strategic direction for compensation programs that are market competitive while supporting overall business objectives while working collaboratively and providing advice and recommendations on competitive compensation. This individual will report to the Chief Human Resources Officer, work wi
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Job Source: Northern TrustChicago, IL, United States
SUMMARY
The Head of Compensation Strategies will lead the overall strategic direction for compensation programs that are market competitive while supporting overall business objectives while working collaboratively and providing advice and recommendations on competitive compensation.
This individual will report to the Chief Human Resources Officer, work within Human Resources, and will engage regularly with leadership from all departments. As a hybrid employee, the individual is expected to be in the Chicago office on Tuesdays and Wednesdays as well as a third day in coordination with their team.
RESPONSIBILITIES
The individual will be involved in the following critical activities:
Develop, recommend, and communicate a comprehensive remuneration and reward strategy for the organization
Spearhead all compensation activities including structuring and administering long and short-term incentive programs as well as analyzing, compiling, and reviewing data in support of salary adjustments
Conduct continuing study of all Human Resources compensation policies and programs to keep management informed of necessary additions, deletions, and modifications
Strategically benchmark current compensation and benefits against the macroeconomic environment and industry patterns to ensure that we are fair, equitable and attractive
Develop, enhance, analyze, and maintain salary administration databases and tools, salary spreadsheets, statistical graphs, and other compensation-analysis tools
Oversee compensation presentations to decision makers and communicators offering advice regarding the year-end performance process in collaboration with HR Business Partners
Oversee benefit programs, annual benefit enrollment process, administration of leaves of absence and COBRA along with compliance testing and audits for the 401k plan
Foster high morale and collaboration within the department
EDUCATION, SKILLS AND EXPERIENCE REQUIREMENTS
The ideal experience and critical competencies for the role include the following:
Bachelor's degree with 10 years of HR, compensation, and/or equity experience.
Experience in financial services industry or a high growth public company
Understanding of carried interest as a compensation tool
Applied experience with HRIS technology. Workday HCM expertise preferred
Superior consultative, collaborative, analytical, and organizational skills are critical
Highest degree of integrity and ability to maintain confidential information
ABOUT THE FIRM
GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $77 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies.
The firm has specialized in alternatives for more than 50 years and has a diverse, engaged team of approximately 530 professionals serving a global client base. We are proud to offer our employees a comprehensive benefits package focused on health and wellness, retirement planning, and diversity and inclusion. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney. For more information, visit: gcmgrosvenor.com.
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Email Alert for Head of Compensation Strategies jobs in Chicago, IL, United States
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