Principal Compensation
About The Position
The Principal Compensation position serves as a subject matter expert in compensation and rewards, including job design and documentation, job evaluation, salary structure development and administration, continuous improvement, and organizational design. The role conducts complex compensation activities across departments, divisions, or the company and provides guidance to business leaders, Human Resources Business Partners, and HR functional teams. The position leads or independently manages major job evaluation reviews and compensation initiatives, including work connected to reorganizations, mergers, acquisitions, and divestitures. It develops and recommends compensation programs, advises on organizational design, supports compliance and audit requirements, and enhances compensation processes and HR information systems. The role may present programs to senior executives and represents compensation in cross-functional teams. Walgreens serves nearly 9 million customers and patients each day through approximately 8,500 stores in the U.S. and Puerto Rico, as well as its omni-channel platforms. The company has approximately 220,000 team members, including nearly 90,000 healthcare service providers. The position may require travel of up to 10% for business purposes, within and outside the state. The role remains open until filled.
Requirements
- Bachelor’s degree and at least 2 years of compensation experience, or high school diploma or GED and at least 5 years of compensation experience.
- Experience handling confidentiality requirements associated with Human Resources and Compensation.
- At least 2 years of experience applying compensation techniques, job evaluation, salary survey practices and methodologies, salary program development, job documentation, total rewards, and career ladder concepts.
- Experience applying Fair Labor Standards Act principles and their applicability to job evaluation.
- Intermediate Microsoft Word skills, such as inserting headers, page breaks, page numbers, and tables or adjusting table columns.
- Advanced Microsoft Excel skills, such as using the AVERAGE function, merging and centering cells, printing a centered page, or creating a pivot table.
- Intermediate Microsoft PowerPoint skills, such as applying themes, formatting character spacing, inserting pictures, changing slide layouts and theme colors, adding transitions, customizing slide numbers, changing chart styles, or formatting fonts.
- At least 1 year of direct leadership, indirect leadership, and/or cross-functional team leadership.
- Willingness to travel up to 10% of the time for business purposes, within and outside the state.
Nice To Haves
- Bachelor’s degree in a related field such as Human Resources or Business Administration and at least 4 years of compensation experience.
- Master’s degree or MBA.
- Human Resources experience outside Compensation, such as generalist, business partner, benefits, recruiting, talent development, HRIS, or another HR function.
- Experience designing, developing, deploying, and measuring incentive compensation plans.
- Experience maintaining, administering, or using compensation systems such as REWARD/PayReview, and knowledge of HRIS analytics related to compensation functions.
- Experience evaluating information to determine compliance with standards, laws, and regulations.
- Certified Compensation Professional (CCP) certification granted by World at Work.
Responsibilities
- Provide advanced guidance to business leaders, HR Business Partners, and team members on compensation, rewards, and organizational design.
- Serve as a subject matter expert in compensation, including job design, job documentation, job evaluation, salary program development, and applicable federal, state, and local pay laws.
- Guide HR professionals to expand the Compensation knowledge base and team competency.
- Develop and improve enterprise-wide and divisional compensation program customer service and delivery to meet customer needs within appropriate timelines.
- Lead or independently handle job evaluation activities for major division or department reviews, reorganizations, mergers, acquisitions, and divestitures.
- Recommend alternative organizational designs to improve operational performance, eliminate waste, and streamline business outcomes.
- Manage complex ad hoc compensation projects and initiatives, including company-wide pay reviews or changes to pay structures.
- Maintain current compensation knowledge through training, professional organizations, continuing learning, reading, and professional curiosity.
- Represent Compensation as a subject matter expert on cross-functional teams.
- Develop, implement, and validate processes and systems that improve the compliance and accuracy of job evaluation.
- Coach HR Business Partners, Talent Acquisition team members, and other HR colleagues on Walgreens’ rewards philosophy, market pricing, internal equity, job evaluation, broadband structure, salary program design and administration, job titling, and other compensation topics.
- Develop and analyze compensation programs and make recommendations for business units to support market, position, and industry competitiveness; meet with senior executives as needed to present programs, answer questions, and obtain approval.
- Lead compensation analysis and reporting for internal or external audit, compliance, or regulatory requirements.
- Lead enhancements to compensation functions in HR information systems to support strategies and initiatives.
Benefits
- Benefits information is available at jobs.walgreens.com/benefits; specific benefits are not listed in the posting.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
