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SENIOR MANAGER, COMPENSATION

Schneider Electric • Rolling Meadows, IL 60008 • Posted 3 days ago

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In-person • Full-time • $164,000-$225,000/yr • Senior Manager

Job Highlights

Using AI ⚡ to summarize the original job post

Schneider Electric is seeking a Senior Manager, Compensation to design and implement the company's compensation framework, aligning it with people and business strategies. This role involves maintaining knowledge of the competitive compensation market, designing competitive compensation solutions, and ensuring compliance with legal requirements. The position requires collaboration with HRBPs, HR Services, Legal, Finance, and other HR colleagues, and offers the opportunity to work on global projects.

Responsibilities

  • Designs and implements the Schneider Electric compensation framework.
  • Maintains deep knowledge of the competitive compensation market space.
  • Serves as a champion for innovation in the compensation space.
  • Designs competitive compensation solutions by considering external benchmarks, business needs, employee preferences, and cost considerations.
  • Serves as the NAM compensation lead for certain initiatives.
  • Prepares merit budgets, salary structures, and competitive market to meet budget and market competitiveness objectives.
  • Ensures proper communication and training of the HRBP teams for them to deploy the compensation programs.
  • Monitors deployment progress and results.
  • Ensures compliance with all legal requirements.
  • Studies existing and new federal, state, and local legislation and enforces adherence to requirements.
  • Supports business M&A efforts by conducting due diligence and integrating new employees into the company with a focus on compensation.
  • Works collaboratively and participates in global projects.
  • Builds strong cross-functional relationships with HRBPs, HR Services, Legal, Finance, and other HR colleagues.

Qualifications

Required

  • 5 to 10 years of relevant rewards experience in a large, global company.
  • Experience designing, implementing, and managing U.S. broad-based, sales, and executive compensation strategy, programs, and processes.
  • Experience effectively managing concurrent programs, processes, and initiatives.
  • Strong consultative skills and experience managing compensation for select businesses.
  • Strong leadership skills.
  • Expertise with the full spectrum of approaches and tools used for compensation-related market research, modeling, and analysis.
  • Confidence and skill to develop and deliver formal and informal reports, presentations, and communications to executive audiences.
  • Experience developing and delivering compensation communications and effectively managing change.
  • Ability to lead and handle multiple projects with energy and passion.

About Schneider Electric

Schneider Electric is a global leader in electronic and electrical equipment, offering innovative products and services across various sectors including automotive, data centers, energy, healthcare, retail, transportation, and more. The company is committed to sustainability, diversity, and customer success, providing field services, digital services, and consulting services to ensure efficient and sustainable operations for its customers. Schneider Electric prioritizes driving progress and efficiency through reliable and innovative solutions in the industries it serves.

Full Job Description

Schneider Electric has an opportunity for a Senior Manager, Compensation in the United States. (Preferred locations include Raleigh, Boston, and Chicago)What will you do? Designs and implements the Schneider Electric compensation framework which includes a variety of programs aligned with the people and business strategies, objectives and desired competitive position in the marketplace. Takes positive actions and accountability for assigned work.Maintains deep knowledge of the competitive compensation market space. Serves as a champion for innovation in the compensation space. Designs competitive compensation solutions by considering external benchmarks, business needs, employee preferences and cost considerations.Serves as the NAM compensation lead for certain initiatives and ensures global compensation programs are rolled out efficiently and effectively.Prepares merit budgets, salary structures and competitive market to meet budget and market competitiveness objectives.Ensures proper communication and training of the HRBP teams for them to deploy the compensation programs. Monitors deployment progress and results. Ensures compliance with all legal requirements. Studies existing and new federal, state, and local legislation by acquiring qualified opinions. Enforces adherence to requirements and advises management of needed actions. Supports business M&A efforts under the leadership of the M&A Project Manager by conducting due diligence and integrating new employees into the company with a focus on compensation.Works collaboratively and participates in global projects.Builds strong cross-functional relationships with HRBPs, HR Services, Legal, Finance and other HR colleagues.What qualifications will make you successful? 5 to 10 years of relevant rewards experience in a large, global company, including demonstrated ability designing, implementing, and managing U.S. broad-based, sales and executive compensation strategy, programs and processes Experience effectively managing concurrent programs, processes and initiatives, collaborating with and influencing a wide range of stakeholders, and a proven ability to think about the change management implications of the work to be implementedStrong consultative skills and experience managing compensation for select businessesStrong leadership skillsExpertise with the full spectrum of approaches and tools used for compensation-related market research, modeling and analysisConfidence and skill to develop and deliver formal and informal reports, presentations and communications to executive audiencesExperience developing and delivering compensation communications and effectively managing changeAbility to lead and handle multiple projects with energy and passionLet us learn about you! Apply today.The U.S. compensation range for this full-time position, which includes base pay and short-term incentive, is $164,000.00 - $225,000.00 for candidates located within the U.S. Our salary ranges are determined by reviewing roles of similar responsibility and level. Within the salary range, individual pay is determined by several factors including performance, knowledge, job-related skills, experience, and relevant education or training. Schneider Electric also offers a comprehensive benefits package to support our employees, inclusive of flexible work arrangements, paid family leaves, 401(k) + match, well-being programs, holidays & paid time off, military leave benefits, and more.Why us?Schneider Electric is leading the digital transformation of energy management and automation. Our technologies enable the world to use energy in a safe, efficient and sustainable manner. We strive to promote a global economy that is both ecologically viable and highly productive.€25.7bn global revenue137 000+ employees in 100+ countries45% of revenue from IoT5% of revenue devoted for R&DYou must submit an online application to be considered for any position with us. This position will be posted until filledIt is the policy of Schneider Electric to provide equal employment and advancement opportunities in the areas of recruiting, hiring, training, transferring, and promoting all qualified individuals regardless of race, religion, color, gender, disability, national origin, ancestry, age, military status, sexual orientation, marital status, or any other legally protected characteristic or conduct. Concerning agencies: Schneider Electric does not accept unsolicited resumes and will not be responsible for fees related to such.