Associate Director, Compensation and Equity Operations- Hybrid

MSD • Rahway, NJ

2d • Hybrid

About The Position

The Associate Director, Compensation and Equity Operations is a highly visible role, responsible for leading our ongoing cyclical activities and global initiatives which help evolve our underlying compensation platforms in response to global market conditions. This individual maintains a strong focus on implementation and operational excellence, with ample opportunity to lead (role has three direct reports) and partner with a cross-functional HR network. The ideal candidate is a highly effective consensus builder, strong in the fundamentals of compensation and equity administration and open to new challenges and forward-looking initiatives. This individual plays a critical role in delivering on our company's compensation strategy and executing compensation programs that enable our competitive advantage globally.

Requirements

• 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
• Analytical Thinking
• Change Management
• Compensation Programs
• Compensation Strategies
• Employee Recognition
• Executive Compensation
• Functional Leadership
• Global Compensation
• HR Organizational Design
• Payroll Systems
• Process Improvements
• Service Delivery Models
• Social Collaboration
• Stakeholder Satisfaction
• Vendor Management

Nice To Haves

• 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

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

Benefits

• We offer a comprehensive package of benefits.
• Available benefits include medical, dental, vision healthcare and other insurance benefits (for employee and family), retirement benefits, including 401(k), paid holidays, vacation, and compassionate and sick days.
• More information about benefits is available at https://jobs.merck.com/us/en/compensation-and-benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees