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Sr Compensation Analyst

November 14, 2022 4:53 PM | Anonymous member (Administrator)

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McKesson Corporation is a global leader in healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information solutions. McKesson partners with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare to help provide the right medicines, medical products and healthcare services to the right patients at the right time, safely and cost-effectively. United by our ICARE shared principles, our employees work every day to innovate and deliver opportunities that make our customers and partners more successful - all for the better health of patients. McKesson has been named a “Most Admired Company” in the healthcare wholesaler category by FORTUNE, a “Best Place to Work” by the Human Rights Campaign Foundation, and a top military-friendly company by Military Friendly. For more information, visit www.mckesson.com.

We take pride in our culture of connection and believe in a workplace where everyone can be their full, authentic self. We welcome and encourage veterans, individuals with disabilities and others with diverse perspectives to join our growing team. Your unique perspective and experience are valuable assets that can translate into a rewarding career path with us. Apply to join our team and help shape the future of healthcare!

Current Need

We are seeking a Senior Compensation Analyst to join our team near one of our hub locations.

Position Description

The Senior Compensation Analyst partners with Compensation Consultants to provide compensation support to large complex Business Units. They will apply experienced, in-depth knowledge of compensation programs and data analysis to inform compensation-related decisions and improve the effectiveness of compensation strategies and programs.  In addition, the Analyst uses technical expertise to work on complex problems where analysis requires rigorous evaluation of multiple factors and data sources.

Key Responsibilities:

  • Develop deep understanding of the business and works with Compensation Consultants to manage the compensation strategy that aligns with the business strategy.
  • Client interaction: Engage, influence, and provide some consultation to various audiences, including HR Business Partners, line managers, senior management and executives.  Provide advice to partners in a way that expands the understanding of compensation principles and programs and maintains data integrity and compliance with guidelines.
  • Conduct rigorous analysis of multiple and complex data sources (compensation surveys and market research, talent, workforce, best practices) to create various compensation models.  Scenarios may include predictive analytics to identify future trends and risk.  Asks well-informed questions to diagnose problems/needs.
  • Provide compensation support through job/pay analysis:
  • Perform market pricing analyses
  • Conduct job evaluations, with capability to determine FLSA classification; job mapping projects as a result of integrations and re-organizations; may assist on leveling projects in partnership with HRBPs and Managers
  • Participate in salary surveys and other benchmarking data sources – including pay practices/trends, global, LTI
  • Understand needs for market research and features of each survey; identify additional survey/market intelligence sources as needed
  • Lead some compensation projects and initiatives in the business, such as the Annual Compensation review and benchmarking studies.  Work with internal McKesson partners (e.g., HRIS) to support project goals.  Manage multiple analytical projects at the same time, prioritizing and adjusting to meet deadlines.
  • Provide guidance and expertise to other Compensation Analysts in the team.
  • Operational: May review, provide recommendations, and approve some compensation transactions outside of guidelines, such as promotions, adjustments and internal/external offers.
  • Minimum 4 years Compensation experience and exhibited expertise in 1 or 2 Compensation practice areas (e.g., equity, executive, base pay, variable/sales programs), preferably in a large, complex organization or corporate setting.
  • Additional, foundational compensation knowledge - benchmarking, job evaluations, market research, compensation reviews, survey bench-marking
  • Ability to understand BU and HR strategy and the alignment with compensation, with the capability to Interpret internal/external requirements and recommends solutions/best practices, and alternatives.
  • Strong quantitative analysis skills with ability to communicate findings in a clear, concise manner.
Additional Knowledge and Skills
  • Naturally conscientious about providing accuracy, quality control and thoroughness in all data reports.
  • Works on problems of diverse scope where analysis of data requires evaluation of identifiable and unidentifiable factors.
  •  Possesses business acumen on HR matters, ability to influence, interact and work effectively across Total Rewards function and other related functions, e.g. Talent Management, Talent Acquisition, HR Business Partners, Compensation Consultants, and external vendors.
  • Provides critical thinking and problem solving, working with limited direction.
  • Provides additional, relevant information than may not have been part of the original ask.
  • Provides analysis that identifies the issue, provides understanding, insights, and actionable conclusions.
  • CCP Certification Preferred
Physical Requirements
Our Base Pay Range for this position
$79,300 - $132,100

Minimum Requirements

Degree or equivalent and typically requires 4+ years of relevant experience.

Critical Skills

Education

Bachelor's degree in finance, accounting, or related field or equivalent experience

General Office Demands

Must be authorized to work in the US. Sponsorship is not available for this position. 

We take pride in our culture of connection and believe in a workplace where everyone can be their full, authentic self. We welcome and encourage veterans, individuals with disabilities and others with diverse perspectives to join our growing team. Your unique perspective and experience are valuable assets that can translate into a rewarding career path with us. Apply to join our team and help shape the future of healthcare!

At McKesson, we care about the well-being of the patients and communities we serve, and that starts with caring for our people. That’s why we have a Total Rewards package that includes comprehensive benefits to support physical, mental, and financial well-being. Our Total Rewards offerings serve the different needs of our diverse employee population and ensure they are the healthiest versions of themselves. For more information regarding benefits at McKesson, please click here.

As part of Total Rewards, we are proud to offer a competitive compensation package at McKesson. This is determined by several factors, including performance, experience and skills, equity, regular job market evaluations, and geographical markets. In addition to base pay, other compensation, such as an annual bonus or long-term incentive opportunities may be offered. 


(c) Richmond Compensation Association

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Address:

P.O. Box 5931 Midlothian, VA 23112

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