Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver.
Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.
As a Senior Manager of Compensation, you will Lead the Annual Compensation planning efforts at CVS Health. You will be the voice of compensation and the business client to the HR Technical Support team.
This role will allow you to work cross functionally to guide the compensation business requirements for all annual compensation elements (merit, bonus, and equity planning) and be responsible for creating and communicating compensation guidelines to all stakeholders.
In this role you will be an integral member of the Compensation Team. Your experience in modeling and reporting compensation investments leveraging large data sets for our 300,000 colleagues has an overall impact to the business.
This role communicates directly with the technical team and cascades information on a frequent basis to the Compensation Team, the HR Business Partners, and all managers in the organization to prepare and support a great experience for the compensation planning activities.
You will accomplish this by:
- Leading the design and requirements for the advanced compensation module build in the Workday platform
- Working closely with HR, Finance, Performance, Communications and Leadership clients to understand compensation strategies and requirements, and collaborate with the technical team to translate requirements into effective solutions
- Providing expert guidance and support to the compensation team and HR Business partner community throughout all phases of the compensation planning lifecycle.
- Leading team-wide system testing initiatives to ensure system is configured according to established business requirements
- Conducting workshops and training sessions to educate stakeholders on compensation best practices, guidelines, and functionality
- Collaborating with cross-functional teams to understand complex issues which arise, conduct research, and communicate swift outcomes to those impacted
- Modeling all data proactively
- Preparing summary reporting during the compensation planning process for all levels of leadership up to and including the CPO and CEO
- Communicating clearly and removing barriers to execution
- Developing and maintaining program plan audit reporting to ensure budgets are maintained
- Conducting additional program leadership duties and may include larger change management & communication projects based on business goals and priorities
Required Qualifications
- 7+ years’ experience in compensation or related HR or Finance field
- 5+ years’ experience of advanced excel skills with ability to perform detailed calculations, modeling, and analysis of sensitive employee data
Preferred Qualifications
- In-depth knowledge of Workday Advanced and Core Compensation
- Adept at problem solving and investigating complex challenges to drive outcomes
- Comfortable working in an environment with high workloads at times during peak compensation planning season(s)
- Demonstrated strong verbal and written communication and interpersonal skills; attention to detail and accuracy in work; and time management and organizational skills
- Demonstrated team orientation and the ability to work independently
- Demonstrated ability to work under strict deadlines and multi-task
Education
- Bachelors' degree in Business, Finance, Human Resources, or equivalent experience in related field
Pay Range
$79,200.00 – $174,200.00
This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company’s equity award program.
In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits.
CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.
For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefits
CVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated.
You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.
CVS Health is committed to recruiting, hiring, developing, advancing, and retaining individuals with disabilities. As such, we strive to provide equal access to the benefits and privileges of employment, including the provision of a reasonable accommodation to perform essential job functions. CVS Health can provide a request for a reasonable accommodation, including a qualified interpreter, written information in other formats, translation or other services through ColleagueRelations@CVSHealth.com If you have a speech or hearing disability, please call 7-1-1 to utilize Telecommunications Relay Services (TRS). We will make every effort to respond to your request within 48 business hours and do everything we can to work towards a solution.