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Compensation Strategy Jobs in Chicago, IL (NOW HIRING)

Grant Thornton

Director, Global Compensation

Chicago, IL · On-site

$187K - $312K/yr

Global compensation strategy, design, and integration * Own and evolve the global compensation strategy and pay philosophy, ensuring alignment to business goals and competitive market positioning.

Grant Thornton

Director, Global Compensation

Chicago, IL · On-site

$187K - $312K/yr

Global compensation strategy, design, and integration * Own and evolve the global compensation strategy and pay philosophy, ensuring alignment to business goals and competitive market positioning.

Stefanini Group

Compensation Manager

Chicago, IL · On-site

Leading compensation strategy in complex manufacturing. * The Sr. Manager, Compensation will play a critical role in driving compensation strategy and decision-making across North America Operations ...

Stefanini

Compensation Manager

Chicago, IL · On-site

Leading compensation strategy in complex manufacturing. The Sr. Manager, Compensation will play a critical role in driving compensation strategy and decision-making across North America Operations ...

Stefanini Group

Compensation Manager

Chicago, IL · On-site

Leading compensation strategy in complex manufacturing. * The Sr. Manager, Compensation will play a critical role in driving compensation strategy and decision-making across North America Operations ...

Stefanini

Compensation Manager

Chicago, IL · On-site

Leading compensation strategy in complex manufacturing. The Sr. Manager, Compensation will play a critical role in driving compensation strategy and decision-making across North America Operations ...

Lancesoft

Sr. Compensation Manager

Chicago, IL · On-site

$45 - $50/hr

... strategies and complexities 3. What differentiates a strong candidate from an exceptional candidate for this role? Expertise with both hourly and salaried populations Korn Ferry Hay job evaluation ...

Stefanini Group

Compensation Manager

Chicago, IL · On-site

Leading compensation strategy in complex manufacturing. * The Sr. Manager, Compensation will play a critical role in driving compensation strategy and decision-making across North America Operations ...

Stefanini Group

Compensation Manager

Chicago, IL · On-site

Leading compensation strategy in complex manufacturing. * The Sr. Manager, Compensation will play a critical role in driving compensation strategy and decision-making across North America Operations ...

Lancesoft

Sr. Compensation Manager

Chicago, IL · On-site

$45 - $50/hr

... strategies and complexities 3. What differentiates a strong candidate from an exceptional candidate for this role? Expertise with both hourly and salaried populations Korn Ferry Hay job evaluation ...

Old Mission

Senior Compensation Manager

Chicago, IL · On-site

$150K - $250K/yr

About This Role We're looking for a Senior Compensation Manager to lead compensation strategy and operations for the firm. This role owns the day-to-day design, analysis, and administration of our ...

Old Mission

Senior Compensation Manager

Chicago, IL · On-site

$150K - $250K/yr

About This Role We're looking for a Senior Compensation Manager to lead compensation strategy and operations for the firm. This role owns the day-to-day design, analysis, and administration of our ...

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All JobsCompensation Strategy JobsCompensation Strategy Jobs in Chicago, IL

Compensation Strategy information

See Chicago, IL salary details

$57.2K

$128.4K

$224.1K

How much do compensation strategy jobs pay per year?

As of Aug 3, 2026, the average yearly pay for compensation strategy in Chicago, IL is $128,417.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $162,200.00 per year, depending on experience, location, and employer.

What is compensation strategy?

Compensation strategy refers to an organization's approach to designing and managing employee pay, benefits, and rewards to attract, motivate, and retain talent. It involves aligning compensation programs with business goals, market trends, and internal equity considerations. A well-developed compensation strategy helps ensure that employees are fairly rewarded for their work and that the company remains competitive in the job market. It typically includes salary structures, incentive plans, and benefits offerings tailored to the organization's objectives.

What are the key skills and qualifications needed to thrive in Compensation Strategy, and why are they important?

To thrive in Compensation Strategy, you need a strong background in data analysis, compensation principles, and human resources, often supported by a degree in HR, finance, or business. Familiarity with compensation management software, HRIS systems, and certifications like CCP (Certified Compensation Professional) is highly valuable. Excellent communication, problem-solving, and stakeholder management skills set top performers apart in this field. These capabilities ensure fair, competitive, and compliant compensation programs that drive employee engagement and organizational success.

How does a Compensation Strategy professional typically collaborate with HR and business leaders to develop effective pay structures?

Compensation Strategy professionals work closely with HR teams and business leaders to align pay structures with organizational goals and market benchmarks. They participate in regular meetings to discuss workforce trends, company performance, and budget constraints, ensuring that compensation plans attract and retain top talent. This role often involves analyzing salary data, proposing adjustments, and presenting recommendations to leadership for approval, fostering a collaborative environment that balances business needs with employee satisfaction.

What is the difference between Compensation Strategy vs Compensation Analyst?

AspectCompensation StrategyCompensation Analyst
Primary FocusDeveloping overall compensation plans and policiesAnalyzing salary data and market trends
ResponsibilitiesDesigning pay structures, benefits, and incentive programsConducting salary surveys, data analysis, and reporting
Required CredentialsHR or compensation certifications, relevant experienceDegree in HR, finance, or related field; analytical skills
Work EnvironmentStrategic planning, policy development, cross-department collaborationData analysis, reporting, supporting compensation decisions

While Compensation Strategy focuses on creating and guiding overall pay policies and structures, Compensation Analysts implement these strategies through data analysis and market research. Both roles are essential in ensuring competitive and equitable compensation practices within organizations.

What are popular job titles related to Compensation Strategy jobs in Chicago, IL? For Compensation Strategy jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Compensation Strategy jobs in Chicago, IL look for? The top searched job categories for Compensation Strategy jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Compensation Strategy jobs? Cities near Chicago, IL with the most Compensation Strategy job openings:
Compensation Strategy jobs near you

Executive Compensation Strategy Lead - Hybrid (Chicago)

Mercer

Chicago, IL • On-site

Full-time

Re-posted 20 hours ago

Job description

A global consulting firm is seeking a Principal, Executive Rewards Consultant in Chicago, IL with a hybrid work model. Candidates should possess over 8 years of experience in executive compensation consulting and strong project management skills. This role requires excellent communication abilities for client interactions and aims to enhance executive compensation strategies for clients. The firm offers professional development opportunities and a culture of inclusivity.
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