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Manager, Compensation

Company Description

McDonald’s is proud to be one of the most recognized brands in the world, with restaurants in over 100 countries that serve 70 million customers daily. We continue to operate from a position of strength. Our updated growth strategy is focused on staying ahead of what our customers want and realizing further growth potential. Our relentless ambition is why McDonald’s remains one of the world’s leading corporations after almost 70 years. Joining McDonald's means thinking big and preparing for a career that can have influence around the world.

At McDonald’s, we see every day as a chance to create positive impact. We lead through our values centered on inclusivity, service, integrity, community and family. From support of Ronald McDonald House Charities to our Youth Opportunity project and sustainability initiatives, our values keep us dedicated to using our scale for good: good for our customers, people, industry and planet. We also offer a broad range of outstanding benefits including a sabbatical program, tuition assistance and flexible work arrangements.

Job Description

McDonald's is seeking a dynamic and experienced Manager, Compensation to join our global Total Rewards team. In this role, you will support the development and execution of innovative compensation strategies and programs that align with our business objectives and support our talented workforce. You will collaborate with key stakeholders to ensure our compensation practices are competitive, cost-effective, and compliant with all relevant regulations.

Key Responsibilities:

  • Develop compensation strategies and programs tailored to specific segments of the McDonald’s business.
  • Align employee compensation practices with business objectives by collaborating with key stakeholders (e.g., People Partners, local market rewards teams).
  • Provide consultative support and guidance on compensation matters, fostering a collaborative approach.
  • Evaluate the effectiveness of compensation strategies and designs, identify trends, and recommend improvements.
  • Ensure compliance with all relevant laws and regulations related to compensation.
  • Provide support and guidance through system and process changes as part of Global People Modernization (McDonald’s HR transformation) and the implementation of a new Human Capital Management system (Success Factors).

Additional Responsibilities:

  • Collaborate with HR and Talent Acquisition teams to ensure competitive and equitable compensation practices.
  • Analyze and interpret compensation data to provide insights and recommendations to senior leadership.
  • Stay current with industry trends and best practices in compensation management.
  • Manage vendor relationships for compensation products and tools, as needed.

Benefits eligible: Yes
Bonus eligible: Yes
Long term incentive eligible: Yes
The expected salary range for this role is $112,860- $143,900 per year 
The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors.

Qualifications

Basic Qualifications:

  • Bachelor’s degree in Human Resources, Business Administration, Finance, or related field.
  • Proven experience in compensation management.
  • Strong analytical skills and experience with compensation benchmarking and analysis.
  • Excellent communication and collaboration skills.
  • Ability to manage multiple projects and priorities in a fast-paced environment.
  • Proficiency in compensation software and tools (e.g., Payfactors/Payscale).

Preferred Qualifications:

  • Experience in a corporate or global compensation role.
  • Knowledge of HR compliance and data privacy regulations.
  • Strong business acumen.
  • Positive attitude and a willingness to learn; self-starter.
  • Ability to influence others and build a strong business case for people as a growth driver.
  • Experience collaborating with cross-functional partners in a matrixed environment.
  • Continuous improvement and growth mindset.

Additional Information

Benefits eligible: This position offers health and welfare benefits, a 401(k) plan, adoption assistance program, educational assistance program, flexible ways of working, and time off policies (including sick leave, parental leave, and vacation/PTO). Eligibility requirements apply to some benefits and may depend on job classification and length of employment. 

Bonus eligible: This position is eligible for a bonus, calculated based on individual and company performance.

Long term Incentive eligible: This position is eligible for stock or other equity grants pursuant to McDonald’s long-term incentive plan.

 

McDonald’s is an equal opportunity employer committed to the diversity of our workforce. We promote an inclusive work environment that creates feel-good moments for everyone. McDonald’s provides reasonable accommodations to qualified individuals with disabilities as part of the application or hiring process or to perform the essential functions of their job. If you need assistance accessing or reading this job posting or otherwise feel you need an accommodation during the application or hiring process, please contact [email protected]. Reasonable accommodations will be determined on a case-by-case basis.

McDonald’s provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to sex, sex stereotyping, pregnancy (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), race, color, religion, ancestry or national origin, age, disability status, medical condition, marital status, sexual orientation, gender, gender identity, gender expression, transgender status, protected military or veteran status, citizenship status, genetic information, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Nothing in this job posting or description should be construed as an offer or guarantee of employment.

Average salary estimate

$128380 / YEARLY (est.)
min
max
$112860K
$143900K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Manager, Compensation , McDonald's Corporation

McDonald's is on the lookout for an ambitious Manager, Compensation to join our global Total Rewards team in Chicago, IL. As a recognized brand that serves 70 million customers daily, we’re continually enhancing our strategies to ensure we attract and retain top talent. In this role, you will dive deep into crafting innovative compensation strategies that align with our business objectives and set us apart in the industry. Collaboration is key here—you'll work closely with people partners and local market teams to ensure our compensation practices are not only competitive but also compliant with regulations. Analyzing compensation data to provide insightful recommendations is part of your daily routine, and staying updated with industry trends is crucial to your success. You will lead initiatives that enhance our overall compensation design while providing consultative support on compensation matters. Coupled with the chance to influence our HR transformation and the implementation of a new HCM system, this position comes with significant responsibility and the opportunity for personal and professional growth. Embracing our values of service, integrity, and community, you’ll contribute to McDonald’s mission of using our scale for good. So if you have proven experience in compensation management and a passion for analytics, come be a part of our journey to create positive impacts every day!

Frequently Asked Questions (FAQs) for Manager, Compensation Role at McDonald's Corporation
What are the main responsibilities of the Manager, Compensation at McDonald's?

As the Manager, Compensation at McDonald's, you'll be responsible for developing tailored compensation strategies that align with our business goals. You'll collaborate with key stakeholders to ensure competitive and compliant compensation practices, evaluate compensation effectiveness, and provide insights based on data analysis. Your role will involve guiding others through system changes and leading initiatives in compensation strategy.

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What qualifications are required for the Manager, Compensation position at McDonald's?

To qualify for the Manager, Compensation role at McDonald's, candidates must hold a Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field. Proven experience in compensation management, strong analytical skills, and the ability to manage multiple projects effectively are essential. Proficiency with compensation tools is also necessary to enhance the effectiveness of our compensation strategies.

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What benefits can I expect as a Manager, Compensation at McDonald's?

As a Manager, Compensation at McDonald's, you can expect a comprehensive benefits package that includes health and welfare benefits, a 401(k) plan, educational assistance, and flexible work options. You may also be eligible for bonuses based on performance and long-term incentives, reflecting McDonald's commitment to supporting its employees' professional growth.

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How does the Manager, Compensation role contribute to McDonald's HR transformation?

The Manager, Compensation at McDonald's plays a pivotal role in our Global People Modernization initiative, which aims to enhance our HR practices. You will support critical system changes and implement a new Human Capital Management system. Your expertise will help align modern compensation practices with evolving business strategies, making this role crucial to a successful HR transformation.

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What skills are necessary for success as a Manager, Compensation at McDonald's?

Success as a Manager, Compensation at McDonald's requires strong analytical skills, excellent communication abilities, and a collaborative mindset. The ability to influence stakeholders, manage projects in a fast-paced environment, and stay current with compensation trends are also vital to effectively executing compensation strategies that drive business success.

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Common Interview Questions for Manager, Compensation
How do you approach developing a compensation strategy?

When developing a compensation strategy, it’s essential to begin with an understanding of both the company's objectives and the competitive landscape. I typically conduct thorough market research, analyze internal structures, and input from key stakeholders to ensure that the strategy not only attracts talent but also retains it. Being transparent about how compensation aligns with business goals can also help drive acceptance.

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What experience do you have with compensation benchmarking?

My experience with compensation benchmarking includes identifying key industry benchmarks, analyzing data from sources like Payfactors and Payscale, and using these insights to inform compensation recommendations. This process involves making sure that our compensation packages remain competitive while ensuring compliance with legal standards and internal equity.

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Can you explain a time you successfully influenced a compensation decision?

Certainly! In my previous role, I gathered and presented analytical data supporting a pay adjustment for a key skill set within our team. By demonstrating the value of these positions through market analysis and performance metrics, I secured approval from senior leadership to adjust compensation. The outcome was a more motivated team and a noticeable increase in our hiring success rate.

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How do you ensure compliance with compensation regulations?

To ensure compliance with compensation regulations, I stay updated on relevant laws and guidelines, continuously training myself and my team. I also collaborate with our legal advisors and regularly audit our compensation practices to ensure they adhere to all applicable regulations while maintaining internal consistency and fairness.

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What tools or software do you find most effective for managing compensation data?

I've found Payfactors and traditional spreadsheets to be particularly effective for managing compensation data. These tools not only allow detailed compensation analysis but also enable us to visualize trends and patterns effectively. Moreover, these tools help streamline the benchmarking process and maintain organized data for decision-making.

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How do you measure the effectiveness of a compensation program?

Measuring the effectiveness of a compensation program can involve several methods such as employee surveys, turnover rates, and comparing compensation metrics against industry standards. I also focus on aligning compensation to performance outcomes and using quantitative analysis to determine if compensation strategies are effectively driving desired behaviors.

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Can you describe your experience in collaborating with HR and Talent Acquisition teams?

In my past roles, I have frequently collaborated with HR and Talent Acquisition teams to create compensation packages that are not only competitive but also equitable across the organization. Through regular meetings and shared objectives, we have developed innovative strategies that directly support recruitment efforts while ensuring that our compensation philosophy aligns with our organizational values.

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How do you keep current with compensation trends and best practices?

I keep current with compensation trends by subscribing to industry publications, participating in webinars, and attending conferences that focus on compensation and benefits. Networking with peers and joining professional organizations has also been instrumental in sharing insights and practices that can be incorporated into our compensation strategies.

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What strategies do you use to manage multiple compensation projects simultaneously?

When managing multiple compensation projects, prioritization and organization are key. I use project management tools to track deadlines and progress while maintaining regular communication with all stakeholders to ensure alignment and address any issues promptly. This proactive approach helps maintain focus without sacrificing quality.

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How would you handle a situation where a compensation decision was disputed?

In the event of a disputed compensation decision, I would first seek to understand the concerns from all parties involved. Clear communication is essential, and I would review the analysis behind the decision to explain the rationale. Working collaboratively to find a resolution that addresses the issue while adhering to established policies is vital for maintaining trust.

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McDonald's Corporation is a chain of fast food restaurants. Headquartered in Oak Brook, Illinois, the company's famous menu items include the Big Mac, Chicken McNuggets and Egg McMuffin. McDonald's is a publicly owned company and operates a Canadi...

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