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Compensation Manager

2 months ago

Malvern, United States Endo Full time

This position plays an important leadership role in shaping the culture of Endo by reinforcing the alignment of goals and objectives and results-based rewards. Provides broad-based compensation support for Endo’s programs and helps to embed the value of recognition (cash and non-cash) through the development of programs, education and management tools so that employees are engaged and valued for their contribution.


This position participates in the design, communication and administration of cash compensation programs, short term incentives, long term equity awards and recognition programs for all employees. Provides consultative support in areas including executive compensation, equity analyses, and sales incentives. Provides support for board or executive leadership material preparation on subjects specific to compensation.


Enhances workforce effectiveness by evaluating new or revised jobs, analyzing employee competitiveness and making recommendations to client HR and management. Working with cross-functional project teams, provides leadership in developing new career structures that align with our peer market and address client needs. In collaboration with HR Operations and HR business partners, plans and administers the annual compensation program, ensuring that client data and reporting needs are satisfied.


Ensures through audits, reports and personal contact that compensation activities are consistently administered in compliance with Company policies and government regulations.


Scope of Authority - Contributes on enterprise-wide compensation programs and processes and has responsibility for a subset of Endo’s clients/businesses


Key Accountabilities - key outcomes/deliverables, the major responsibilities, and % of time

Accountability

Responsibilities

% of Time

Client & Compensation Support

  1. Plans, develops, and implements new and revised compensation programs, policies, procedures, in support of Endo’s strategic business objectives
  2. Operates as an internal consultant to provide broad-based compensation and policy guidance to HR business partners and client groups. Provides accurate, relevant and timely information and assistance to internal clients, striving to maintain the highest quality and customer service standards
  3. Analyzes, recommends, communicates, and administers cash compensation programs (such as market rate adjustments) and short term incentives for client groups
  4. Works with cross-functional project teams to develop new career structures that align with our peer market data and address client needs
  5. Educates client managers and employees about compensation philosophy, pay for performance, etc.

15%

Employee Recognition

Manages Endo’s Employee Recognition program

  1. Working with the external vendors, ensure that data, programming, and communications are in alignment with Program parameters
  2. Prepares employee communications
  3. Prepares and communicates annual budgets

15%

Executive Compensation & Equity

  1. Responsible for NEO analyses and reporting (interim & Proxy)
  2. Analyses executive benchmark matches and prepares compensation reports for CEO and Board review
  3. Analyzes and audits equity usage, overhang & burn rates. Prepares sophisticated equity analyses, projecting impact and value of upcoming vesting

10%

Job Analysis

  1. In partnership with Compensation colleague, ensures that job data and reliable reports are available
  2. Exercises judgment in assessing job comparability and the relevance and quality of the available data; ensures jobs are aligned to the appropriate survey data cut
  3. Oversees the preparation of survey reports and queries for annual survey submissions

10%

Survey Submissions & Analysis

  1. Acts as point person with survey representatives, participates in benchmarking surveys, and analyzes results
  2. Generates reports of survey results from third-party survey websites
  3. Analyzes market data on an annual basis to determine market trends

10%

Annual Compensation Program

  1. In collaboration with HR Operations and HR business partners, plans and administers the annual compensation program, ensuring that client data and reporting needs are satisfied
  2. Prepares Reporting templates that facilitate decision-making and recommends process improvements

20%

Continuous Improvement

Participates in the development of new or revised processes to improve systems, procedures, and guidelines of compensation programs to ensure they are internally equitable, externally competitive, and in compliance with government regulations and Company policies

10%

Initiatives

  1. Participates in the redesign, communication and administration of cash compensation programs, short term incentives, long term equity awards and recognition programs for all employees
  2. Provides compensation support of acquisitions and divestitures as required

5-10%

Compliance

Administers compensation in compliance with applicable laws and regulations such as FLSA, Title VII, Equal Pay Act, Americans with Disability Act, etc.

continuous


Other duties as assigned


Total

100%


Qualifications


Education & Experience

  1. BA/BS degree plus a minimum 8 years progressive experience in compensation or related areas in a medium-to-large organization, including extensive use of market data and analytical work; advanced degree is a plus
  2. Or, relevant Master’s degree plus a minimum of 6 years progressive experience in compensation in a medium-to-large organization, including extensive use of market data and analytical work
  3. Experience analyzing cash compensation programs, short term incentives, long term equity awards and recognition programs; designing program is a plus
  4. Certified Compensation Professional (CCP) strongly preferred; SPHR and other HR-related certifications a plus


Knowledge

Proficiency in a body of information required for the job

e.g. knowledge of FDA regulations, GMP/GLP/GCP, Lean Manufacturing, Six-Sigma, etc.

  1. Demonstrates solid working knowledge of compensation as it relates to FLSA, market price job evaluation, competitiveness analyses, incentives; sales compensation is a plus
  2. Understanding of HR systems, interfaces, payroll interactions
  3. Demonstrates a working knowledge of other HR disciplines, particularly recruiting/staffing, and performance management
  4. Knowledge of generic and branded pharmaceutical businesses a definite plus

Skills & Abilities


  1. Mathematical aptitude and strong technical, analytical, and project management skills, with significant emphasis on attention to detail
  2. Ability to analyze data, make decisions, and articulate/present recommendations
  3. Intermediate-to-advanced skills in Microsoft Excel, Word and PowerPoint; familiarity with Access a plus
  4. Proficient in working with spreadsheets and building formulas & pivot tables
  5. Ability and willingness to learn new software tools; experience with Compensation management systems, such as Market Pay, PRISM, etc. is a plus
  6. Excellent interpersonal and communication skills, orally and in writing
  7. Ability to interact effectively with all levels of management providing compensation analysis and counsel
  8. Ability to work with confidentiality, multi-tasking, leading projects, presenting material to managers, and meeting strict deadlines
  9. Must be able to work well under pressure and be able to effectively juggle multiple tasks and constantly changing priorities; uses sound judgment to make appropriate decisions
  10. Strong work ethic and displays strong sense of ownership for assigned responsibilities


Physical Requirements

Minimal, if any, travel requirements.