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Compensation Manager Jobs in Elgin, IL (NOW HIRING)

Marmon

Compensation & HRIS Manager

Chicago, IL · On-site +1

$145K/yr

Compensation & HRIS Manager Chicago, Illinois Full-Time UTLX / Union Tank Car Company As a part of the global industrial organization Marmon Holdings-which is backed by Berkshire Hathaway-you'll be ...

Hunt

Senior Compensation Consultant

Chicago, IL · On-site

$91 - $225/hr

Advise senior management on complex compensation issues including overall pay strategy (structure and competitiveness), job architecture design, and the digital activation of these designs * Manage ...

Hunt

Sr. Compensation Consultant

Chicago, IL · On-site

$133 - $266/hr

Develop compensation strategies, philosophies, and programs that address clients' attraction and ... Manage day-to-day client interactions, building and maintaining strong relationships * Provide ...

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All JobsCompensation JobsCompensation Manager JobsCompensation Manager Jobs in Elgin, IL

Compensation Manager information

See Elgin, IL salary details

$35.1K

$113.4K

$167.6K

How much do compensation manager jobs pay per year?

As of Aug 16, 2026, the average yearly pay for compensation manager in Elgin, IL is $113,412.00, according to ZipRecruiter salary data. Most workers in this role earn between $94,900.00 and $131,000.00 per year, depending on experience, location, and employer.

What is a compensation manager?

A compensation manager is part of a corporate HR team which researches and develops the pay policies in a company. They use research to help determine fair pay scales for all the company employees. Duties include helping the business with recruiting and integrating new employees. At a small company, they might be responsible for all aspects of the pay system, while at a larger company they may have specific responsibilities, such as doing market research or surveying workers.

What is the difference between Compensation Manager vs Compensation Analyst?

AspectCompensation ManagerCompensation Analyst
CredentialsBachelor's degree, often HR or Business; certifications like CCP or CBPBachelor's degree in HR, Business, or related; certifications like CCP beneficial
Work EnvironmentOversees compensation strategies, manages teams, collaborates with HR leadershipAnalyzes salary data, prepares reports, supports compensation programs
Employer & Industry UsageUsed in large organizations across various industriesCommon in HR departments, especially in finance, healthcare, and tech sectors

The Compensation Manager focuses on developing and managing overall compensation strategies, policies, and team leadership. In contrast, the Compensation Analyst primarily conducts data analysis, prepares reports, and supports compensation program implementation. Both roles require similar credentials but differ in scope and responsibilities within the compensation function.

What are the key skills and qualifications needed to thrive as a compensation manager?

To thrive as a Compensation Manager, you need expertise in compensation analysis, benefits administration, and compliance, often supported by a degree in human resources or business and relevant certifications such as CCP (Certified Compensation Professional). Familiarity with HRIS systems, data analytics tools, and compensation benchmarking software is typically required. Strong analytical thinking, attention to detail, and effective communication skills help you design competitive pay structures and collaborate with stakeholders. These skills ensure fair, data-driven compensation practices that support employee satisfaction and organizational goals.

What degree do you need to be a compensation manager?

A compensation manager typically needs a bachelor's degree in human resources, business administration, finance, or a related field. Many employers prefer candidates with a master's degree or professional certifications such as the Certified Compensation Professional (CCP). Relevant skills include data analysis, knowledge of compensation laws, and experience with HR software.

What are some common challenges compensation managers face when designing competitive pay structures?

Compensation Managers often navigate the challenge of balancing internal equity, market competitiveness, and budget constraints when designing pay structures. They must ensure that compensation packages attract and retain top talent while staying compliant with regulations and maintaining fairness across the organization. Additionally, Compensation Managers regularly analyze market data, manage employee expectations, and collaborate with HR and leadership to support organizational goals. These complexities require strong analytical skills, communication, and the ability to adapt to changing market trends.
More about Compensation Manager jobs

What job categories do people searching Compensation Manager jobs in Elgin, IL look for?

The top searched job categories for Compensation Manager jobs in Elgin, IL are:

What cities near Elgin, IL are hiring for Compensation Manager jobs?

Cities near Elgin, IL with the most Compensation Manager job openings:

Compensation Manager jobs near you
Infographic showing various Compensation Manager job openings in Elgin, IL as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, 1% Contract, and 1% Nights. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $113,412 per year, or $54.5 per hour.

Manager, Incentive Compensation (Northfield, IL)

Medline

Northfield, IL • On-site

$116K - $174K/yr

Full-time

Medical, Life, Retirement, PTO

Re-posted 9 days ago

Medline Industries rating

7.5

Company rating: 7.5 out of 10

Based on 249 frontline employees who took The Breakroom Quiz

262nd of 540 rated manufacturers

Job description

Job Summary

In collaboration with Medline leadership and various teams, the Manager, Incentive Compensation oversees multiple aspects of the incentive process. In this role, the Manager is responsible for designing, recommending, implementing, and maintaining incentive compensation programs and policies to support company objectives.

Job Description

MAJOR RESPONSIBILITIES

  • Develop and administer formula bonus plans to include calculating and analyzing employee performance and bonus payouts.
  • Serve as a business partner for Medline leadership to identify and implement process improvements and analyze a portfolio of formula bonus program results and payouts.
  • Work with internal and external audits to develop new processes that will streamline the financial process. Partner with accounting and audit teams to develop, update, and ensure the accuracy of our financials as well as track adjustments and consolidate results.
  • In partnership with the HR Technology team, develop systemic ways to collect information and reduce redundancies to ensure accurate work and data.
  • Audit and maintain the integrity of financial data and performance scores.
  • Serve as point of contact for escalation of issues.
  • With support from Incentive Compensation team leadership, lead the day-to-day activities of the team and review progress and accuracy of work. May provide technical guidance on more complex issues as well as input into employee performance and development.
  • Other finance-related duties as assigned.

MINIMUM JOB REQUIREMENTS

Education

  • Bachelor's degree in a business-related field

Certification / Licensure

  • None required.

Work Experience

  • At least 5 years overall; progressive related experience in a global publicly traded company is required.

Knowledge / Skills / Abilities

  • Knowledge of Stock Based Compensation.
  • Strong leadership and communication skills.
  • Ability to manage multiple complex priorities with demanding timeframes.
  • Experience collecting and analyzing financial data.
  • Advanced level skill in Microsoft Excel.

Medline Industries, LP, and its subsidiaries, offer a competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.

The anticipated salary range for this position:

$116,000.00 - $174,000.00 Annual

The actual salary will vary based on applicant's location, education, experience, skills, and abilities. This role is bonus and/or incentive eligible. Medline will not pay less than the applicable minimum wage or salary threshold.

Our benefit package includes health insurance, life and disability, 401(k) contributions, paid time off, etc., for employees working 30 or more hours per week on average. For roles where employees work less than 30 hours per week, benefits include 401(k) contributions, paid time off, as well as access to the Employee Assistance Program, Employee Resource Groups and the Employee Service Corp. For a more comprehensive list of our benefits please click here.

We're dedicated to creating a Medline where everyone feels they belong and can grow their career. We strive to do this by seeking diversity in all forms, acting inclusively, and ensuring that people have tools and resources to perform at their best. Explore our Belonging pagehere.

Medline Industries, LP is an equal opportunity employer. Medline evaluates qualified individuals without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, age, disability, neurodivergence, protected veteran status, marital or family status, caregiver responsibilities, genetic information, or any other characteristic protected by applicable federal, state, or local laws.

What Medline Industries employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

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About Medline

Sourced by ZipRecruiter

Medline Industries, LP is the leading nationwide supplier of medical, surgical and pharmaceutical products to hospitals, nursing homes, HME providers, surgery centers, physician offices and home care/hospice settings.

Industry

Medical equipment and supplies manufacturing

Company size

10,000+ Employees

Headquarters location

Winnetka, IL, US

Year founded

1966

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