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CVS Health · 3 days ago

Senior Manager, Compensation

Woonsocket, RI

Full-time

Onsite

Mid, Senior Level

$83K/yr - $183K/yr

7+ years exp

CVS Health is a leading health solutions company dedicated to transforming health care. They are seeking a Senior Compensation Manager to lead the design, implementation, and administration of comprehensive compensation programs while ensuring competitive and equitable pay practices across the organization.

Health CareMedicalPharmaceuticalRetailSales

Responsibilities

Manages the design and communication of compensation structures that reflect industry standards and competitive market practices in order to develop and retain talent

Leads and support the annual compensation planning cycle(s) or either a client area or for the enterprise in a project management capacity

Regular reviews organizational charts, job descriptions and associated materials to provide best in class consulting to internal HR clients

Adapts compensation models and plans for clients, taking into account factors such as productivity, quality metrics, patient satisfaction, and specialty-specific considerations

Develops actionable insights to ensure pay fairness across different job roles and demographic groups, addressing any disparities that may exist in order to ensure fairness and mitigate legal or reputational risks

Models, informs and recommends changes to or additions of incentive programs that motivate and reward staff while driving outcomes

Creates policies and programs that address shift differentials, overtime pay, and other compensation considerations specific to the organization's scheduling and work patterns

Conducts routine market research and analysis to understand industry trends and benchmark the organization's compensation programs against others

Aligns compensation and benefits strategies and communicating total rewards packages effectively to employees

Qualification

Compensation designMarket researchProject managementMS Office proficiencyCustomer service acumenBusiness intelligenceCommunication skillsProblem-solvingAttention to detailTeam collaborationGrowth mindset

Required

7+ years of compensation experience OR a combination of experience in human resources/finance

Excellent oral and written communication skills

Ability to adapt to rapidly changing technology and apply to business needs

Ability to identify, analyze, and resolve business issues through solution-oriented projects

Advanced skills in MS Office (Word, Excel, PowerPoint) and/or Google (Docs, Sheets, Slides)

Preferred

Demonstrated customer service acumen

Ability to perform in a high-pressure environment and/or crisis situation and render good decisions to resolve the problems

Proven ability to prioritize and multi-task

Demonstrated ability to achieve results through team efforts

Willingness to challenge established practices and draw relevant conclusions

Ability to develop, read, analyze, and interpret complex documents or spreadsheets

Adept at execution and delivery (planning, delivering, and supporting) skills

Attention to detail

Adept at growth mindset (agility and developing yourself and others) skills

Adept at business intelligence

Benefits

Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.

No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.

Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.