What are the responsibilities and job description for the Head of Compensation and Benefits position at GCM Grosvenor?
SUMMARY
The Head of Compensation Strategies will lead the overall strategic direction for compensation programs that are market competitive while supporting overall business objectives while working collaboratively and providing advice and recommendations on competitive compensation.
This individual will report to the Chief Human Resources Officer, work within Human Resources, and will engage regularly with leadership from all departments. As a hybrid employee, the individual is expected to be in the Chicago office on Tuesdays and Wednesdays as well as a third day in coordination with their team.
RESPONSIBILITIES
The individual will be involved in the following critical activities:
- Develop, recommend, and communicate a comprehensive remuneration and reward strategy for the organization
- Spearhead all compensation activities including structuring and administering long and short-term incentive programs as well as analyzing, compiling, and reviewing data in support of salary adjustments
- Conduct continuing study of all Human Resources compensation policies and programs to keep management informed of necessary additions, deletions, and modifications
- Strategically benchmark current compensation and benefits against the macroeconomic environment and industry patterns to ensure that we are fair, equitable and attractive
- Develop, enhance, analyze, and maintain salary administration databases and tools, salary spreadsheets, statistical graphs, and other compensation-analysis tools
- Oversee compensation presentations to decision makers and communicators offering advice regarding the year-end performance process in collaboration with HR Business Partners
- Oversee benefit programs, annual benefit enrollment process, administration of leaves of absence and COBRA along with compliance testing and audits for the 401k plan
- Foster high morale and collaboration within the department
EDUCATION, SKILLS AND EXPERIENCE REQUIREMENTS
The ideal experience and critical competencies for the role include the following:
- Bachelor’s degree with 12 years of HR, compensation, and/or equity experience.
- Experience in financial services industry or a high growth public company
- Understanding of carried interest as a compensation tool
- Applied experience with HRIS technology. Workday HCM expertise preferred
- Superior consultative, collaborative, analytical, and organizational skills are critical
- Highest degree of integrity and ability to maintain confidential information
