Compensation Senior Associate at Grant Thornton, Chicago, IL
Compensation Senior Associate at Grant Thornton in Chicago, IL. $88,000 to $115,000 a year. Apply with swipeandhired.
Grant Thornton is seeking a Compensation Senior Associate to join the team. Approved office locations can be found below.
Job Summary
The Compensation Senior Associate supports the design, administration, and evaluation of compensation programs through data-driven analysis and market insights. This role partners with HR Business Partners, Talent Acquisition, and business leaders to provide compensation recommendations, conduct market benchmarking, support annual compensation planning, and ensure pay practices are competitive, equitable, and aligned with organizational objectives.
Key Responsibilities
- Conduct compensation analyses to evaluate market competitiveness, internal equity, pay trends, and compensation program effectiveness.
- Perform market pricing and benchmark positions using survey data and external labor market information.
- lead/manage the survey submission process. Manage participation in third-party compensation surveys, including job matching, data submission, and results analysis.
- Develop reports, dashboards, and analytics to support compensation decisions and leadership reporting.
- Support pay equity analyses and identify opportunities to improve compensation outcomes.
- Administer compensation programs, including base pay, incentive plans, salary structures, and job evaluations.
- Support annual merit, bonus, and incentive planning processes, including budget modeling, communications and reporting.
- Partner with HR and business leaders to provide compensation guidance and recommendations.
- Ensure compensation practices comply with company policies and applicable regulations.
- Participate in compensation projects, including job architecture, market studies, process improvements, and system enhancements.
Qualifications
- Bachelor's degree in Human Resources, Finance, Business, Economics, Statistics, or a related field.
- 3–5 years of experience in compensation, total rewards, workforce analytics, finance, or a related analytical function.
- Strong analytical, problem-solving, and data visualization skills.
- Advanced proficiency in Excel and experience with HRIS, compensation, and reporting tools.
- Knowledge of compensation principles, market pricing, salary administration, and pay equity concepts.
- Demonstrated ability to manage multiple priorities independently while collaborating effectively across a matrixed organization.
- Strong communication skills with the ability to translate complex data into actionable business recommendations.
The base salary range for this position is between $88,000 and $115,000. Placement within the pay range is at Grant Thornton’s discretion, and it is based on multiple factors, including but not limited to, job -related knowledge/skills, experience, business needs, progression within the role, geographic location, and internal equity. At Grant Thornton, compensation decisions are dependent upon the facts and circumstances of each position and candidate.