Compensation Specialist

McKinsey & Company
parental leave, paid time off
United States, Florida, Tampa
Mar 06, 2025
People & HR Compensation Specialist Job ID: 95821 Do you want to work on complex and pressing challenges-the kind that bring together curious, ambitious, and determined leaders who strive to become better every day? If this sounds like you, you've come to the right place. Your Impact As an integral member of the Operational Excellence Center of Excellence (COE) within the Global Compensation Function (GCF), you will play a crucial role in enhancing our compensation processes. Your role on the team will be instrumental in establishing robust procedures and conducting thorough audits to improve the quality of compensation data. By developing and delivering innovative tools, you will empower our compensation professionals to achieve greater accuracy and efficiency. Additionally, the Operational Excellence COE is dedicated to sharing best practices and insights across the function to drive continuous improvement. You will collaborate closely with central compensation teams and regional teams worldwide, engaging in a variety of initiatives that promote our principles-based compensation design across different paths and markets. This role offers a unique opportunity to contribute to our goal of creating an unrivaled environment for exceptional talent. Your Growth As a Specialist on the Operational Excellence team, you will help ensure the seamless execution of key initiatives. Your work will be crucial in fostering a culture of excellence, driving operational improvements, and ensuring that our compensation practices are both effective and efficient. Central to this role is the ability to manage multiple projects and maintain a continuous improvement mindset to evolve our processes. You will build and leverage relationships across the Global Compensation Function to identify areas for improvement and develop implementable solutions. Additionally, you will support the training calendar for the Global Compensation Function, ensuring that all team members are equipped with the necessary skills and knowledge. You will also assist in the rollout of various tools that enable our compensation professionals to generate insights and drive informed decision-making. Furthermore, you will serve as a key contact for our regional compensation teams, providing support on compensation structure updates and maintenance, as well as auditing support throughout the year, with heavier emphasis during mid-year and year-end compensation cycles. Your qualifications and skills * 4 year degree, preferably in business or STEM field * 4+ years relevant experience, including experience building financial models * Advanced knowledge of Excel and Powerpoint, with working knowledge of Word and Access * Preferred experience with any of the following tools: Tableau, Python, R\R-Shiny, Power BI or willingness to learn new technologies * Previous exposure to compensation data and structures, benchmarking, and prior support of external clients or internal compensation teams is preferred * Outstanding organizational skills and attention to detail, coupled with ability to see big-picture trends * Experience capturing and organizing data in a manner that allows for impactful analysis and insights; strong analytical capabilities * Excellent written and verbal communication skills; must be able to communicate clearly, comfortably, and professionally with internal and external stakeholders including senior leaders * Exemplary judgment, discretion and professionalism; ability to handle confidential material discretely * Strong work ethic and comfort operating in a results-oriented culture; ability to thrive under pressure and multi-task Please review the additional requirements regarding essential job functions of McKinsey colleagues. Apply Now Apply Later FOR U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law. Certain US jurisdictions require McKinsey & Company to include a reasonable estimate of the salary for this role. For new joiners for this role in the United States, including all office locations where the job may be performed, a reasonable estimated range is $112,900 - $148,700 USD -to help you understand what you can expect. This reflects our best estimate of the lowest to highest [salary/hourly wages] for this role at the time of this posting, ensuring you have a clear picture right from the start, though it's important to remember that actual salaries may vary. Factors like your office location, your unique blend of experience and skills, start date and our current organizational needs all play a part in determining the final figure. Certain roles are also eligible for bonuses, subject to McKinsey's discretion and based on factors such as individual and/or organizational performance. Additionally, we provide a comprehensive benefits package that reflects our commitment to the wellness of our colleagues and their families. This includes medical, mental health, dental and vision coverage, telemedicine services, life, accident and disability insurance, parental leave and family planning benefits, caregiving resources, a generous retirement contributions program, financial guidance, and paid time off. FOR NON-U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. For additional details regarding our global EEO policy and diversity initiatives, please visit our McKinsey Careers and Diversity & Inclusion sites. Job Skill Group - CSSA Job Skill Code - CSPE - Compensation Specialist Function - Industry - Post to LinkedIn - Yes Posted to LinkedIn Date - Thu Mar 06 00:00:00 GMT 2025 LinkedIn Posting City - Dusseldorf LinkedIn Posting State/Province - LinkedIn Posting Country - Germany LinkedIn Job Title - Compensation Specialist LinkedIn Function - General Business;Human Resources;Strategy / Planning LinkedIn Industry - Accounting;Financial Services;Human Resources LinkedIn Seniority Level - Associate