Director, Compensation

Company: McKesson
Location: Irving
Posted on: January 23, 2023

Job Description:

McKesson is hiring a Director, Compensation, we are seeking an accomplished, compensation and thought leader who can provide compensation strategy and advisory guidance to our Senior Executives and Strategic HR Business Partners aligned to our most strategic and high-growth business units. This role will lead a team of Compensation Analysts as well as support the Corporate Functions (HR, Technology, Finance, Corporate Strategy and Legal). This role is expected to help understand the market segmentation for these high-growth business units, and then develop market competitive compensation design, structure and guidance that differentiates McKesson as an employer of choice across Health Care so we can attract, retain, motivate and develop great talent. Position Description The Director, Compensation will report directly to the VP, Compensation and will interface directly with a client group that includes Senior Executives, Strategic HR Business Partners, and various People Leaders across the enterprise. They will also be part of a Global Compensation COE that includes Compensation Consultants & Analysts that provide strategic and advisory support to each of our business units and functional segments. Responsible for leveraging diverse experiences, in-depth knowledge of compensation programs, prevalent market practices and data analytics in order to help inform our compensation-related decisions that create a total rewards opportunity for our employees that is both market competitive and part of a compelling Employee Value Proposition. Must have an "Enterprise First" mindset when determining solutions and providing guidance. Partners with our functionally aligned Compensation Analyst team to complete work needed to support each business unit and client group. Key Responsibilities Consulting & Advisory Provide insight and leadership to team members and executives that will contribute to shaping the way we think about attracting and retaining the best talent at McKesson Develop deep understanding of each business unit segmentation in order to determine the appropriate compensation strategy and guidance that aligns with the business strategy. Engage, influence, and provide concise guidance and recommendations to various audiences, including Senior Executives, Strategic HR Business Partners, People Leaders and HR Teams. Educate client groups and stakeholders in a way that expands their understanding of our compensation philosophy, principles and programs by leveraging our HCM data analytics and market intelligence. Advise on compensation strategy, programs, and related matters while balancing business acumen, total rewards expertise, and relationship building skills. Compensation Design & Annual Process Lead our Annual Compensation Review process, Ad Hoc compensation projects, and various other compensation-related initiatives for each client group. Provide thought leadership and guidance to our team of Compensation Analysts and/or other Compensation Consultants across the Global Compensation COE team. Partner in the rollout of enterprise-wide compensation programs; and occasionally participate/lead project teams on compensation-related initiatives. Act as our lead Compensation subject matter expert on various cross-functional HR projects and certain Merger & Acquisition work. Minimum Requirements Typically requires 12 years' experience as a Compensation Consultant, or related compensation experience. 4 years management experience Bachelor's degree in HR, Business or Finance; or equivalent experience. Critical Skills Demonstrated successfully leading, coaching and developing a team of compensation experts Experience and proven expertise in multiple compensation practice areas (for example, executive pay, broad-based pay, variable/long-term incentive compensation, equity compensation and sales compensation programs). Foundational compensation design expertise and program knowledge in multiple practice areas (for example, benchmarking, job evaluations, career progression, market research, survey benchmarking and performance management). Compensation experience in a large, complex, publicly traded organization. Demonstrated competency and acumen for understanding complex, strategic Business Unit goals and developing appropriate compensation solutions and guidance that best aligns with McKesson's overall HR and people strategy. Strong quantitative/analytical skills with proven capability to communicate findings in a clear and concise manner for various audiences. Preferred Skills Naturally conscientious about providing an accurate, quality and thorough work product. Ability to handle sensitive information with the highest degree of integrity and confidentiality. Ability to interact and communicate with all levels of the organization, mindful of the culture and diversity of the audience. Ability to prioritize tasks and handle numerous assignments simultaneously. Ability to prioritize in a high-pressure, fast-paced environment. Technology savvy with Microsoft (PowerPoint, Excel, Word and Teams) and Workday HCM. Strong learning and inquisitive skill set. Ability to problem solve and adapt quickly to changing circumstances. Strong verbal communication, writing and interpersonal skills along with the ability to form strong cross-functional relationships. Must have a team player mindset, actively take initiative and have a strong work ethic. Demonstrated use of analytical skills and problem solving/critical thinking skills. CCP Preferred Physical Requirements General Office Demands Limited travel 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. Our Base Pay Range for this position $132,300 - $220,500 McKesson is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.Qualified applicants will not be disqualified from consideration for employment based upon criminal history. McKesson is committed to being an Equal Employment Opportunity Employer and offers opportunities to all job seekers including job seekers with disabilities. If you need a reasonable accommodation to assist with your job search or application for employment, please contact us by sending an email to Disability_AccommodationMcKesson.com . Resumes or CVs submitted to this email box will not be accepted. Current employees must apply through the internal career site. Join us at McKesson

Keywords: McKesson, Irving , Director, Compensation, Human Resources , Irving, Texas