Johnson & Johnson MedTech · 2 days ago
Manager, Compensation Design - Ottava
Raritan, NJ
Full-time
Onsite
Mid, Senior Level
$100K/yr - $172K/yr
6+ years expJohnson & Johnson MedTech is a leader in healthcare innovation, focusing on developing smarter and less invasive treatments. The Manager, Compensation Design for Surgery is responsible for leading a team to design compensation plans that support business strategies and ensure effective performance management.
Hospital & Health Care
Hiring Manager
Stephanie Regan
Responsibilities
Develop team of analysts for career growth and achievement of goals and objectives
Collaborate with other compensation and execution stakeholders on team deliverables
Lead analysts to design quarterly/semesterly compensation plans for capital and clinical teams aligned to business strategy and within JJMT policies
Lead analysts to deliver quarterly/semesterly sales quotas aligned to financial business plans
Develop compensation plan designs and quota-setting methods to maximize sales force engagement and financial target attainment in both capital sales and clinical support
Lead relationship with sales plan administration external partners/consultants and design tools to support field sales through online sales compensation portal
Maintain compliance with J&J Payroll policies, SOX controls and payroll procedures
Lead analysts to execute other Ethicon business incentive/bonus initiatives as needed
Lead cross-functional and cross-sector projects beyond Ottava as needed
Understand market, regional and local dynamics to continuously improve alignment of compensation plans and quota-setting methods to enterprise objectives
Align compensation plans and payout mechanisms to JJMT compensation philosophy
Provide on-demand analytics to ensure compensation plans drive desired business performance results
Execute plan modeling to ensure plan payout matches performance and is within budget
Manage compensation budget in collaboration with Finance, Payroll Administration, Sales Executives, and other key stakeholders
Monitor all elements of plan effectiveness and lead any needed changes
Collaborate with Systems Team leaders to ensure effective execution of Compensation and Quota processes
Other responsibilities may be assigned and not all responsibilities listed may be assigned
Qualification
Required
A minimum of a bachelor's degree is required
A minimum of 2 years of compensation plan design experience is required
A minimum of 6 years of relevant commercial operations/systems experience is required
Experience with high dollar capital sales, software, and service compensation is required
Experience interacting with or directly supporting a Field Sales organization is required
Demonstrated leadership, strategic thinking, collaboration, effective communication and influencing skills are required
Proven ability to work in parallel with multiple teams is required
Preferred
Medical Technologies or Pharmaceutical experience is preferred
Experience with sales compensation programs and quota setting for team-based sales forces is preferred
Budget management experience is preferred
Advanced proficiency in Excel, PowerBI, and PowerPoint is preferred
Benefits
Medical
Dental
Vision
Life insurance
Short- and long-term disability
Business accident insurance
Group legal insurance
Consolidated retirement plan (pension)
Savings plan (401(k))
Long-term incentive program
Vacation –120 hours per calendar year
Sick time - 40 hours per calendar year; for employees who reside in the State of Washington –56 hours per calendar year
Holiday pay, including Floating Holidays –13 days per calendar year
Work, Personal and Family Time - up to 40 hours per calendar year
Parental Leave – 480 hours within one year of the birth/adoption/foster care of a child
Condolence Leave – 30 days for an immediate family member: 5 days for an extended family member
Caregiver Leave – 10 days
Volunteer Leave – 4 days
Military Spouse Time-Off – 80 hours
Company
Johnson & Johnson MedTech
At Johnson & Johnson MedTech, we are working to solve the world’s most pressing healthcare challenges through innovations at the intersection of biology and technology.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Mike Walker
CFO & VP of Finance DePuy Synthes
Tino Schweighoefer, MBA
CFO Monarch Platform
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