Compensation Manager

2 weeks ago

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

As a Compensation Manager at Henry Schein, you will collaborate with the Compensation, Benefits, and HRIS teams to execute single or multiple projects, with a strong emphasis on the compensation function. This includes projects related to salary administration, year-end processes, bonus administration, job evaluation, and salary grades and ranges.

Key Responsibilities:

Manage activities related to job evaluation, both ongoing and expansion into global sectors.
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 analyses in support of salary decision-making.
Provide guidance on pay decisions, policy, and guideline interpretation, as well as job evaluation, including the design of creative solutions to specific compensation-related issues.
Manage projects in the compensation function, including compensation architecture development, salary review and administration, bonus administration, long-term equity administration, and salary grades and ranges.
Manage projects in Benefits and HRIS as needed to support department initiatives.

Specific Knowledge & 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, or the equivalent required.
Demonstrated ability to manage multiple projects and meet deadlines.
Strong analytical and communication skills, including high degrees of competence in spreadsheet and database software, especially in Microsoft Office (Excel, Access, Word, and PowerPoint).
Incentive compensation plan design and administration, sales contest design and administration, goal/quota setting, product launch planning/support, and plan fairness and effectiveness evaluation.
Knowledge of global compensation and IEP methodology.

General Skills & Competencies:

Strong management and leadership skills and ability to attract, retain, motivate, develop, and mentor team members for high performance.
Outstanding verbal and written communication skills and ability to resolve disputes effectively.
Excellent presentation and public speaking skills.
Excellent independent decision-making, analysis, and problem-solving skills.
Understand and act on financial information that contributes to business profitability.
Ability to plan and manage successful projects; understand available resources, develop a timeline, budget, assign tasks, and areas of responsibility.
Lead team(s) to achieve company goals in creative and effective ways.
Excellent planning and organizational skills and techniques.
Communicate effectively with senior management.
Good negotiating skills and ability to effectively manage outsourced relationships.
Ability to influence, build relationships, understand organizational complexities, and manage conflict.
Broad professional and managerial skills with a good understanding of industry practices and company policies and procedures.
Ability to lead virtual teams.

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. May play a role in high-level projects that have an impact on the sub-function's future direction.

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. Act as advisor to subordinate(s) to meet schedules and/or resolve problems. Full knowledge of multiple areas within sub-function derived from experience in non-management roles. Focus on executing goals in an accurate and timely manner.

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.

The posted range for this position is $95,990 to $167,983 which is the expected starting base salary range for an employee who is new to the role to fully proficient in the role. Many factors go into determining employee pay within the posted range including prior experience, current skills, location/labor market, internal equity, etc. This position is eligible for a bonus/incentive not reflected in the posted range.

Other benefits available include: Medical, Dental, and Vision Coverage, 401K Plan with Company Match, PTO, Paid Parental Leave, Income Protection, Work Life Assistance Program, Flexible Spending Accounts, Educational Benefits, Worldwide Scholarship Program, and Volunteer Opportunities. For more information about career opportunities at Henry Schein, please visit our website at: Henry Schein, Inc. is an Equal Employment Opportunity Employer and does not discriminate against applicants or employees on the basis of race, color, religion, creed, national origin, ancestry, disability that can be reasonably accommodated without undue hardship, sex, sexual orientation, gender identity, age, citizenship, marital or veteran status, or any other legally protected status.

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