Global Commercial Compensation Senior Manager
5 hours ago
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals, and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.
Job SummaryWe are seeking a highly skilled and experienced Global Commercial Compensation Senior Manager to join our team. The successful candidate will be responsible for developing, implementing, and administering compensation programs that support our commercial strategy. This role will work closely with Commercial Execution, Human Resources, and Sales Leadership to apply compensation best practices and subject matter expertise to incentive programs.
Key Responsibilities- Develop and implement compensation programs that align with our commercial strategy
- Work with Commercial Execution, Human Resources, and Sales Leadership to apply compensation best practices and subject matter expertise to incentive programs
- Measure ongoing effectiveness of plans and recommend plan revisions as needed
- Build the Global Sales and Service Incentive Plan
- Prepare approval package for 2024 Incentive Plan for senior leadership review
- Manage the Global Incentive Plan delivery process and cadence through the localization tool
- Develop SPIFFs to support the initiatives and temporary performance shortcomings to supplement the Incentive Plans as requested
- Coordinate the Area Implementation of the Incentive Plan
- Proactively communicate and obtain feedback from stakeholders regarding new processes and updates to Incentive Plan content
- Comply with regulatory and governance requirements, Company policies, operating procedures, processes, and supports area leadership with local governance requirements
- Bachelor's degree in Business Analytics, Market Research, Mathematics, Finance, Economics, Engineering, Social Science, Business, or other Scientific degrees or equivalent required
- A minimum of 7 years' experience in healthcare industry; Incentive Compensation; Leading people, Sales reporting, Global Experience required
- Commercial Diagnostics global experience is highly desirable, compensation, including administration and design of base and variable pay, incentive plans, market competitiveness reviews and analysis, salary survey participation
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