Compensation Manager

2 weeks ago

New York, New York, United States Henry Schein Full time
Job Overview

As a key member of the Compensation team at Henry Schein, you will collaborate with cross-functional teams to execute projects related to salary administration, year-end processes, bonus administration, job evaluation, and salary grades and ranges. Your expertise will be instrumental in developing and implementing compensation strategies that drive business results.

Key Responsibilities
  • Manage job evaluation activities, including ongoing and global sector expansion.
  • Work with the team to plan and organize project objectives, timelines, and strategic activities to ensure timely and effective project completion.
  • Conduct market pricing and analysis to support salary decision-making.
  • Provide guidance on pay decisions, policy interpretation, and job evaluation, including designing creative solutions to compensation-related issues.
  • Manage projects in compensation, benefits, and HRIS, including compensation architecture development, salary review and administration, bonus administration, long-term equity administration, and salary grades and ranges.
Specific Knowledge and Skills

Minimum of seven years' experience in Compensation, with specific experience in incentive plan administration, survey preparation and analysis, job evaluation, salary structure, and incentive plan development. Demonstrated ability to manage multiple projects and meet deadlines. Strong analytical and communication skills, including high degree of competence in spreadsheet and database software, especially in Microsoft Office (Excel, Access, Word, and PowerPoint).

General Skills and Competencies
  • Strong management and leadership skills, with ability to attract, retain, motivate, develop, and mentor team members for high performance.
  • Outstanding verbal and written communication skills, with ability to resolve disputes effectively.
  • Excellent presentation and public speaking skills.
  • Excellent independent decision-making, analysis, and problem-solving skills.
  • Ability to plan and manage successful projects, understand available resources, develop timelines, budgets, assign tasks, and areas of responsibility.
Work Experience

Typically, 10 or more years of increasing responsibility and complexity in terms of any applicable professional experience; 1 or more years of management experience.

Scope

Typically manage a moderately complex section of a department, a small department, large process, or multiple smaller processes. Make recommendations for executing on plans in accordance with the policies and directives of senior management. Accountable for meeting the operating objectives of the department. Provide guidance to staff within the latitude of established company policies. Determine how to use resources to meet schedules and goals. Assure adherence to and manage approved budgets.

Complexity

Work on complex issues where analysis of situations or data requires in-depth evaluation of a variety of factors, including an understanding of current business trends.

Strategy

Implement strategy to further the sub-function's larger goals through the work of professional staff. Recommend changes to policies and establish procedures that affect the sub-function.

Supervision

Manage work and goals of professional level staff performing non-routine work or who manage a process or system. May have subordinate supervisors.

Interaction

Interact with senior management and/or customers, normally involving matters between functional areas and/or other company divisions or units. Often must lead a collaborative effort among members of a project team.

Management Duties

Typically can hire, terminate, or promote; another level of approval may be required. Makes decisions on salary increases, performance reviews, disciplinary actions, etc.

Performance Requirements

Typically, to advance to a new job level, TSMs must demonstrate professional behavior and should consistently be at the high-end of meets expectations or consistently exceed expectations.

Preferred Education

Typically, a Bachelor's Degree or global equivalent in related discipline. Master's degree or global equivalent a plus.

Travel/Physical Demands

Travel typically less than 10%. Office environment. No special physical demands required.

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