Director Compensation

Walgreens • Deerfield, IL

4d

About The Position

Responsible for establishing, implementing, and leading strategic compensation programs that enhance Walgreens’ competitive advantage in the talent marketplace. Designs competitive local pay programs to attract and retain talent in all retail locations. The scope of the role covers all jobs within the respective business including executive compensation. Provides leadership and direction to compensation professionals aligned with the respective business units and ensures optimal compensation consulting and support services are available. Develops the rewards necessary to achieve business objectives. Executes strategic compensation initiatives through the completion of tactical actions that fulfill the business objective of enhancing competitive advantage through the attraction and retention of top talent. Ensures that Compensation goals are aligned to the Company’s short- and long-term goals and objectives. Leads processes and ensures compliance and integrity of compensation documentation, systems and programs – balancing speed and agility, customer expectation management, and program nimbleness to meet ever-changing business environments. Collaborates and fosters an open and consultative relationship with other HR business units to ensure consistent HR strategies and support to the business. Functions as the respective business subject matter expert on all job evaluation and base pay determination matters and the stewardship and integrity of the Company’s approved job evaluation program. Collaborates and provides subject matter expertise in the administration of compensation administration activities to include, but not be limited to, annual salary review programs, compensation survey analysis and management, policy and procedures development, and ongoing compensation and total rewards education for managers and team members. Develops and effectively utilizes competitive intelligence and market data to proactively address compensation challenges that impact the business and maintains a long-term vision and planning perspective on how to maintain and enhance the perception of Walgreens as an employer of choice in the talent marketplace.

Requirements

• Bachelor’s Degree and at least 6 years of strategic planning, design, implementation, and managing base, variable, and sales compensation programs and supporting policy development, or a high school diploma and at least 9 years of strategic planning, design, implementation, and managing base, variable, and sales compensation programs and supporting policy development
• Experience partnering with HR generalist and business partners in the development and implementation of compensation processes, procedures, and programs to support business needs
• Knowledge of compensation related Federal, state, and municipal laws and regulations and there applicability to the operations of a business.
• At least five (5) years experience analyzing and reporting data in order to identify issues, trends, or exceptions to drive improvement if results and find solutions.
• At least five (5) years experience in designing and implementing non-cash recognition/reward programs.
• At least 2 years of experience contributing to financial decisions in the workplace.
• At least 3 years of direct leadership, indirect leadership and/or cross-functional team leadership.
• Willing to travel up to 15% of the time for business purposes (within state and out of state).

Nice To Haves

• Master’s degree or MBA
• Advanced level skill in Microsoft Excel (for example: using AVERAGE function, merging and centering cells, and/or creating a pivot table).
• Experience designing and implementing compensation programs in a start-up environment
• Experience as a compensation consultant in a retail and/or healthcare organization
• Designated as a Certified Compensation Professional by WorldatWork.
• Experience as a compensation consultant to companies with annual revenues in excess of $1 billion.

Responsibilities

• Establishing, implementing, and leading strategic compensation programs for one or more major business units that enhance the areas’ competitive advantage in the talent marketplace to include base pay, short- and long-term incentive programs, sales incentive programs, and non-cash recognition programs across the enterprise.
• Providing leadership and direction to compensation professionals aligned with the respective business units and ensuring optimal compensation consulting and support services are available.
• Developing the rewards necessary to achieve business objectives.
• Executing strategic compensation initiatives through the completion of tactical actions that fulfill the business objective of enhancing competitive advantage through the attraction and retention of top talent.
• Ensuring that Compensation goals are aligned to the Company’s short- and long-term goals and objectives.
• Leading processes and ensuring compliance and integrity of compensation documentation, systems and programs – balancing speed and agility, customer expectation management, and program nimbleness to meet ever-changing business environments.
• Collaborating and fostering an open and consultative relationship with other HR business units to ensure consistent HR strategies and support to the business.
• Functioning as the respective business subject matter expert on all job evaluation and base pay determination matters and the stewardship and integrity of the Company’s approved job evaluation program.
• Collaborating and providing subject matter expertise in the administration of compensation administration activities to include, but not be limited to, annual salary review programs, compensation survey analysis and management, policy and procedures development, and ongoing compensation and total rewards education for managers and team members.
• Developing and effectively utilizing competitive intelligence and market data to proactively address compensation challenges that impact the business and maintaining a long-term vision and planning perspective on how to maintain and enhance the perception of Walgreens as an employer of choice in the talent marketplace.

Benefits

• To review benefits, please click here jobs.walgreens.com/benefits. If you are applying on a job board or unable to click on the link, please copy and paste this URL into your browser jobs.walgreens.com/bene

What This Job Offers

• Job Type: Full-time
• Career Level: Director