Compensation Manager

Henry Schein

Jul 23

Applications are closed

Job
Full-time
Senior & Expert Level
Banking & Finance
New York

Requirements

Minimum of seven years’ experience in Compensation, including specific experience in incentive plan administration, survey preparation & analysis, job evaluation, salary structure and incentive plan development, or the equivalent required. Demonstrated ability to manage multiple projects and meet deadlines.
Strong analytical and communication skills, including high degree of competence in spreadsheet and database software, especially in Microsoft Office (Excel, Access, Word and PowerPoint).
General skills & competencies:
Strong management and leadership skills and ability to attract, retain, motivate, develop and mentor team members for high performance
Outstanding verbal and written communication skills and ability to resolve disputes effectively
Excellent presentation and public speaking skills
Excellent independent decision making, analysis and problem solving skills
Understand and act on financial information that contributes to business profitability
Ability to plan and manage successful projects; understand available resources, develop timeline, budget, assign tasks and areas of responsibility
Lead team(s) to achieve company goals in creative and effective ways
Excellent planning and organizational skills and techniques
Communicate effectively with senior management
Good negotiating skills and ability to effectively manage outsourced relationships
Ability to influence, build relationships, understand organizational complexities and manage conflict
Broad professional and managerial skills with a good understanding of industry practices and company policies and procedures
Ability to lead virtual teams
Work experience:
Typically 10 or more years of increasing responsibility and complexity in terms of any applicable professional experience; 1 or more years of management experience.
Preferred education:
Typically a Bachelor's Degree or global equivalent in related discipline. Master's degree or global equivalent a plus

Responsibilities

Manages activities related to job evaluation, both on-going and expansion into global sector. Works with team to plan and organize project objectives, timeline and strategic activities to ensure timely and effective project completion.
Conducts market pricing and analyses in support of salary decision-making. Provides guidance on pay decisions, policy and guideline interpretation and job evaluation including the design of creative solutions to specific compensation-related issues. Experience with MarketPay or PayFactors a plus
Manages projects including salary review and administration, bonus administration, long-term equity administration and evaluation of variable (sales) pay plans.
Participates in special projects and performs other duties as assigned or required.

FAQs

What is the primary focus of the Compensation Manager position?

The primary focus is on collaborating with the Compensation and HRIS teams to execute projects related to salary administration, bonus administration, job evaluations, and the development of variable compensation plans.

How many years of experience are required for this role?

A minimum of seven years of experience in Compensation is required, along with demonstrated ability to manage multiple projects and meet deadlines.

What specific responsibilities does the Compensation Manager have?

Key responsibilities include managing job evaluation activities, conducting market pricing analyses, overseeing salary and bonus administration, and participating in special projects as assigned.

What skills are essential for success in this role?

Strong analytical and communication skills, proficiency in spreadsheet and database software (particularly Microsoft Office), leadership abilities, project management skills, and the ability to influence and build relationships are essential for this role.

What is the educational background preferred for this position?

A Bachelor's Degree or a global equivalent in a related discipline is typically required, while a Master's degree or global equivalent is considered a plus.

What kind of work environment can I expect in this role?

The work environment is primarily office-based, with travel typically less than 10% and no special physical demands required.

What is the salary range for the Compensation Manager position?

The posted salary range is $95,040 to $166,320, which represents the expected starting base salary for an employee who is new to the role to someone fully proficient in the position.

Are there any additional benefits offered for this position?

Yes, additional benefits include Medical, Dental and Vision Coverage, a 401K Plan with Company Match, PTO, Paid Parental Leave, Income Protection, Work Life Assistance Program, Flexible Spending Accounts, Educational Benefits, and Volunteer Opportunities.

What kind of projects will the Compensation Manager lead?

The Compensation Manager will lead projects related to salary reviews, bonus administration, long-term equity administration, and the evaluation of variable (sales) pay plans.

Is this position eligible for bonuses?

Yes, this position is eligible for a bonus or incentive, which is not reflected in the posted salary range.

Henry Schein

Rely On Us.

Manufacturing & Electronics

Industry

10,001+

Employees

1932

Founded Year

Mission & Purpose

Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With more than 25,000 Team Schein Members worldwide, the Company's network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that help improve operational success and clinical outcomes. Our Business, Clinical, Technology, and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental laboratories, government and institutional health care clinics, as well as other alternate care sites. Henry Schein operates through a centralized and automated distribution network, with a selection of more than 300,000 branded products and Henry Schein corporate brand products in our distribution centers. A FORTUNE 500 Company and a member of the S&P 500® index, Henry Schein is headquartered in Melville, N.Y., and has operations or affiliates in 33 countries and territories. The Company's sales reached $12.3 billion in 2023, and have grown at a compound annual rate of approximately 11.5 percent since Henry Schein became a public company in 1995.