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Merck · 1 day ago

Associate Director, Compensation and Equity Operations- Hybrid

Rahway, NJ

Full-time

Hybrid

Lead/Staff, Director/Executive

$126K/yr - $199K/yr

10+ years exp

Merck is a global leader in the healthcare industry, and they are seeking an Associate Director, Compensation and Equity Operations to lead cyclical activities and global initiatives in compensation. The role focuses on operational excellence and requires collaboration with a cross-functional HR network to implement and improve compensation strategies.

BiotechnologyHealth CareMedicalPharmaceutical

Comp. & Benefits

No H1B

Responsibilities

Provide leadership around the development of compensation-related processes and the integration of compensation structure changes aligned to our CoE’s strategy

Provide ongoing relevant reporting for all cyclical processes

Run INSPIRE employee recognition program including supplier management and oversight

Oversight of Equity Administration globally, including participant experience and supplier management

Support process-related escalations with our global service delivery teams and provide training to effectively support compensation processes

Review & approve technical and process-oriented aspects of compensation communications, focusing on change impacts to the organization and our service delivery model

Drive the execution and continuous improvement of compensation processes

Maintain and assess the effectiveness of tools available to our stakeholders including our HRBP and global talent acquisition teams to support compensation decision making

Provide insight and analytics into user behavior during compensation processes

Present material to senior level executives and provide training to global stakeholders on utilization of compensation planning tools; conduct training sessions for end-users

Oversee end-to-end delivery of all aspects of the annual compensation process with a cross-functional year-end network, including the implementation of compensation strategy changes within Workday’s Advanced Compensation environment

Lead progression promotion activities and processes across the organization

Oversee and coordinate our global pay equity activity with a cross-functional network

Establish local and global eligibility requirements related to annual salary increase, bonus, performance ratings and equity awards

Facilitate year-round data audits focused on global compensation data integrity

Continuously improve compensation processes, with a focus around governance models and solutions that advance the efficiency and effectiveness of self-service

Participate in and support M&A projects as needed

Manage equity programs including audits, approval of monthly reporting, quarterly vesting and grant activities

Qualification

Global Compensation ProgramsWorkday Compensation PlanningCompensation StrategiesAdvanced AnalyticsMicrosoft OfficeAnalytical ThinkingChange ManagementEmployee RecognitionExecutive CompensationFunctional LeadershipHR Organizational DesignPayroll SystemsProcess ImprovementsService Delivery ModelsSocial CollaborationStakeholder SatisfactionVendor Management

Required

Strong Microsoft Office skills (including advanced Excel and PowerPoint experience)

Strong knowledge of global compensation programs

Ability to collaborate in a globally matrixed organization

Capable of making sound decisions and adapting communications styles to various stakeholder groups with a high degree of conviction

Strong functional leadership and problem-solving skills

Confident and comfortable in creating and delivering presentations to various levels of the organization

Skilled in reporting elements of Workday

Advanced analytics capabilities

Minimum of a bachelor's degree, or currently in pursuit of degree completion, or equivalent relevant work experience

A minimum of 10 years of overall experience in HR or related discipline with 7 years of progressive work experience with broad-based and/or executive compensation programs, and 5 years of experience with Workday Compensation Planning module preferred. (With master's degree, minimum experience is 8 years.)

Workday HCM / Workday Advanced Comp knowledge and deployment experience

Broad total rewards experience in areas of equity, US benefits and retirement administration is a plus

Experience as a project manager is a plus

CEP designation a plus