1

Compensation Manager Jobs in Elgin, IL (NOW HIRING)

Senior Compensation Consultant

Chicago, IL ยท On-site

$150 - $210/hr

This is a great opportunity to partner with senior management and HR leaders to develop and deliver compensation strategies that attract, retain, and motivate talent. What you will do: * Structure ...

This is a great opportunity to partner with senior management and HR leaders to develop and deliver compensation strategies that attract, retain, and motivate talent. What you will do: * Structure ...

Senior Compensation Consultant

Chicago, IL ยท On-site

$120 - $180/hr

This is a great opportunity to partner with senior management and HR leaders to develop and deliver compensation strategies that attract, retain, and motivate talent. What you will do: * Structure ...

This role will partner with senior management to develop compensation strategies, address attraction and retention needs, and deliver innovative, technology-enabled solutions. The ideal candidate ...

Showing results 41-60

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 Sep 6, 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 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 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.

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 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 popular job titles related to Compensation Manager jobs in Elgin, IL?

For Compensation Manager jobs in Elgin, IL, the most frequently searched job titles are:

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:

Infographic showing various Compensation Manager job openings in Elgin, IL as of August 2026, with employment types broken down into 84% Full Time, 15% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $113,412 per year, or $54.5 per hour.

Compensation & HRIS Manager

Utlx Manufacturing Incorporated

Chicago, IL โ€ข On-site

$131.10 - $160.23/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 days ago


Key responsibilities

  • Manage the administration of Compensation and HRIS programs to align with organizational goals.

  • Utilize Workday to manage compensation and HR data, conduct audits, and generate reports.

  • Collaborate with HR and leadership to develop communication strategies and improve employee engagement.


Job description

## Compensation & HRIS ManagerApplylocations: Chicago, ILtime type: Full timeposted on: Posted Yesterdayjob requisition id: JR0000044610UTLXAs a part of the global industrial organization Marmon Holdingsโ€”which is backed by Berkshire Hathawayโ€”youโ€™ll be doing things that matter, leading at every level, and winning a better way. Weโ€™re committed to making a positive impact on the world, providing you with diverse learning and working opportunities, and fostering a culture where everyoneโ€™s empowered to be their best.**Compensation & HRIS Manager**Chicago, IllinoisFull-Time**UTLX / Union Tank Car Company**As a part of the global industrial organization Marmon Holdingsโ€”which is backed by Berkshire Hathawayโ€”youโ€™ll be doing things that matter, leading at every level, and winning a better way. Weโ€™re committed to making a positive impact on the world, providing you with diverse learning and working opportunities, and fostering a culture where everyoneโ€™s empowered to be their best.The Compensation & HRIS Manager will manage the administration of Compensation and HRIS programs that align with organizational goals across the Marmon Rail & Leasing group and work closely with HR, finance, and senior leadership to ensure that our Compensation & HRIS programs attract, motivate, and retain top talent. The Compensation & HRIS Manager may manage a small team of Compensation and/or HRIS professionals and serves as a mentor to develop their skills and abilities.**Primary responsibilities and/or essential functions include, but are not limited to:*** Design, implement, and manage compensation structures, policies, and practices that ensure internal equity and external competitiveness.* Oversee salary benchmarking, job evaluations, and market analysis to ensure compensation is aligned with industry trends and company goals.* Utilize Workday to manage compensation and HR data, conduct audits, and generate reports.* Leverage Workday functionality to streamline processes, improve efficiency, and provide actionable insights into Total Rewards analytics.* Develop and implement communication strategies to educate employees on the value of their Total Rewards package.* Collaborate with HR and leadership to enhance employee engagement and retention through transparent communication.* Ensure compensation and HRIS programs comply with legal and regulatory requirements.* Maintain accurate and up-to-date records and generate required reports for compliance, audits, and internal analysis.* Develop key performance indicators (KPIs) to measure the effectiveness of compensation and HRIS programs.* Use data analytics to provide insights and recommendations to improve the Total Rewards strategy.* Lead or participate in special projects related to compensation and HRIS, such as annual salary reviews, open enrollment, or the integration of new technologies.* Collaborate with cross-functional teams to drive continuous improvement initiatives.**Required Qualifications:*** Bachelorโ€™s degree in Human Resources and Industrial Relations, Human Resources Management, Finance or closely related field (or foreign degree equivalent), and 3 years of prior relevant experience.* Position requires 3 years of experience with each of the following: + Designing, implementing, and managing compensation and HRIS programs + Advanced MS Excel skills: formulas, pivot tables, data visualization, and dashboard creation + Microsoft Power BI + Working with an Enterprise SaaS Application focused on Workday HCM.* Position requires 2 years of experience with each of the following: + Microsoft CoPilot AI + Advanced AI and data experience + Power Query* Certified Compensation Professional (CCP) Certification.Position allows occasional telecommuting within commuting distance of reporting office in Chicago, IL.Salary: $145,662.00 per year.UTLX offers a competitive benefits package that includes:* Medical, dental, vision and prescription coverage* Paid time off and holidays* Competitive retirement plans* Short-term and long-term disability programs* Life insurance* Tuition reimbursement* Employee discountsFollowing receipt of a conditional offer of employment, candidates will be required to complete additional job-related screening processes as permitted or required by applicable law.We are an equal opportunity employer, and all applicants will be considered for employment without attention to their membership in any protected class. If you require any reasonable accommodation to complete your application or any part of the recruiting process, please email your request to careers@marmon.com, and please be sure to include the title and the location of the position for which you are applying. #J-18808-Ljbffr