Senior Manager, Compensation

CVS Health

3d

About The Position

At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care. As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day. Position Summary We are seeking a dynamic and experienced Senior Compensation Manager to join our team supporting Aetna. In this role, you will lead the design, implementation, and administration of comprehensive compensation programs, including base salary structures, short- and long-term incentives, job evaluations, and salary surveys. You will also provide expertise and project management in specialized areas such as sales compensation, annual planning, job catalog ownership, and survey administration, while driving strategic initiatives and ensuring competitive, equitable pay practices across the organization.

Requirements

• 7+ years of compensation experience OR a combination of experience in human resources/finance.
• Excellent oral and written communication skills
• Ability to adapt to rapidly changing technology and apply to business needs
• Ability to identify, analyze, and resolve business issues through solution-oriented projects.
• Advanced skills in MS Office (Word, Excel, PowerPoint) and/or Google (Docs, Sheets, Slides)

Nice To Haves

• Demonstrated customer service acumen
• Ability to perform in a high-pressure environment and/or crisis situation and render good decisions to resolve the problems
• Proven ability to prioritize and multi-task
• Demonstrated ability to achieve results through team efforts
• Willingness to challenge established practices and draw relevant conclusions
• Ability to develop, read, analyze, and interpret complex documents or spreadsheets
• Adept at execution and delivery (planning, delivering, and supporting) skills
• Attention to detail
• Adept at growth mindset (agility and developing yourself and others) skills
• Adept at business intelligence

Responsibilities

• Manages the design and communication of compensation structures that reflect industry standards and competitive market practices in order to develop and retain talent.
• Leads and support the annual compensation planning cycle(s) or either a client area or for the enterprise in a project management capacity.
• Regular reviews organizational charts, job descriptions and associated materials to provide best in class consulting to internal HR clients.
• Adapts compensation models and plans for clients, taking into account factors such as productivity, quality metrics, patient satisfaction, and specialty-specific considerations.
• Develops actionable insights to ensure pay fairness across different job roles and demographic groups, addressing any disparities that may exist in order to ensure fairness and mitigate legal or reputational risks.
• Models, informs and recommends changes to or additions of incentive programs that motivate and reward staff while driving outcomes.
• Creates policies and programs that address shift differentials, overtime pay, and other compensation considerations specific to the organization's scheduling and work patterns.
• Conducts routine market research and analysis to understand industry trends and benchmark the organization's compensation programs against others.
• Aligns compensation and benefits strategies and communicating total rewards packages effectively to employees.

Benefits

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

What This Job Offers

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