Principal, Compensation
Location: Deerfield, Illinois
Job ID 1382030BR
Job Summary :
The position functions as a subject matter expert in all aspects of compensation and rewards, as it relates to job design, job documentation, salary structure development and pay administration, career ladders, continuous improvement, and organizational design. Conducts complex, multi-faceted compensation activities on a broad departmental, divisional or company-wide basis. Provides rewards guidance to business leaders, Human Resources Business Partners, and human resources functional areas.
Job Responsibilities
Walgreens (www.walgreens.com) is included in the U.S. Retail Pharmacy and U.S. Healthcare segments of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), an integrated healthcare, pharmacy and retail leader with a 170 year heritage of caring for communities. WBA’s purpose is to create more joyful lives through better health. Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving nearly 10 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services, including those that drive equitable access to care for the nation’s medically underserved populations. To best meet the needs of customers and patients, Walgreens offers a true omnichannel experience, with fully integrated physical and digital platforms supported by the latest technology to deliver high quality products and services in communities nationwide.
The actual salary an employee can expect to receive, plus bonus pursuant to the terms of any bonus plan if applicable, will depend on experience, seniority, geographic location, and other factors permitted by law. To review benefits, please visit jobs.walgreens.com/benefits. "An Equal Opportunity Employer, including disability/veterans".
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The position functions as a subject matter expert in all aspects of compensation and rewards, as it relates to job design, job documentation, salary structure development and pay administration, career ladders, continuous improvement, and organizational design. Conducts complex, multi-faceted compensation activities on a broad departmental, divisional or company-wide basis. Provides rewards guidance to business leaders, Human Resources Business Partners, and human resources functional areas.
Job Responsibilities
- Provides advanced guidance and counsel to business leaders, Human Resources Business Partners, and team members on all aspects of compensation, rewards, and organizational design.
- Functions as a subject matter expert on compensation, including job design, job documentation, job evaluation, salary program development and appropriate federal/state/local laws on all aspects of pay.
- Provides guidance and counsel to other professionals within HR to expand the Compensation knowledge base and competency of team members.
- Develops, fosters, leads, and enhances the customer service, product and service delivery of enterprise-wide and divisional compensation programs to ensure that customer needs are met within appropriate timelines.
- Leads or is solely responsible for all job evaluation activities associated with major division/department reviews, reorganizations and/or mergers, acquisitions, and divestitures. Proactively provides alternative organizational design constructs to optimize the business’ operational performance and deliverables, eliminates waste, and streamlines business performance and outcomes.
- Manages complex ad-hoc compensation projects and initiatives. Projects may include company-wide pay reviews or change to the pay structures.
- Keep current in all aspects of compensation through formal and informal training, participation in local and national professional organizations, continues learning and reading, and general professional curiosity.
- Represents compensation in cross-functional teams as a subject matter expert of compensation and rewards.
- Develops, implements, and validates processes and systems to enhance the compliance and accuracy of all aspects of the job evaluation process.
- Coaches and counsels HRBPs, TA team members, and others within the Human Resources division on all aspects of the Walgreens’ reward philosophy, market pricing, internal equity, job evaluation, broadband structure, salary program design and administration, job titling and all other aspects of compensation to ensure that Walgreens is able to effectively recruit and retain top-tier talent. Understands the business organization structure and culture to best attain objectives and results.
- Develops, analyzes, and makes recommendations for compensation programs in support of specific business units within the Company to ensure they are competitive within the market, position, and industry. May meet with senior level executives to present programs, answer questions, and gain approval of compensation programs.
- Leads the conducting or completing of compensation analysis and reporting needed for internal or external audit or compliance or regulatory requirements.
- Leads in the enhancement of the compensation aspect in HR information systems such as Rate and Status, Organizational Hierarchy, Rate Sheet application, Pay Review and Reward to ensure delivery on strategies and initiatives.
Walgreens (www.walgreens.com) is included in the U.S. Retail Pharmacy and U.S. Healthcare segments of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), an integrated healthcare, pharmacy and retail leader with a 170 year heritage of caring for communities. WBA’s purpose is to create more joyful lives through better health. Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving nearly 10 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services, including those that drive equitable access to care for the nation’s medically underserved populations. To best meet the needs of customers and patients, Walgreens offers a true omnichannel experience, with fully integrated physical and digital platforms supported by the latest technology to deliver high quality products and services in communities nationwide.
The actual salary an employee can expect to receive, plus bonus pursuant to the terms of any bonus plan if applicable, will depend on experience, seniority, geographic location, and other factors permitted by law. To review benefits, please visit jobs.walgreens.com/benefits. "An Equal Opportunity Employer, including disability/veterans".
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Basic Qualifications
- 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 with confidentiality requirements associated with the practice of Human Resources, in general, and Compensation, specifically.
- At least 2 years of experience working with and applying compensation techniques, job evaluation, salary survey practices and methodologies, salary program development, job documentation, the elements of total rewards, and career ladder concepts.
- Experience applying the principles of the Fair Labor Standards Act and its applicability to the job evaluation process.
- Intermediate level skill in Microsoft Word (for example: inserting headers, page breaks, page numbers and tables and/or adjusting table columns).
- Advanced level skill in Microsoft Excel (for example: using AVERAGE function, merging and centering cells, printing centered page and/or creating a pivot table).
- Intermediate level skill in Microsoft PowerPoint (for example: applying a theme, formatting character spacing, inserting a picture, changing slide layout and theme colors, adding transitions, customizing slide numbers, changing chart style and/or formatting font).
- At least 1 year of direct leadership, indirect leadership and/ or cross-functional team leadership.
- Willing to travel up to 10% of the time for business purposes (within state and out of state).
Preferred Qualifications
- 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 / MBA.
- Experience in Human Resources outside of Compensation such as working as a generalist, business partner, or in benefits, recruiting, talent development, HRIS, or other HR function.
- Experience with incentive compensation plan designs, development, deployment, and measurement.
- Experience with maintaining, administering or using compensation systems, such as REWARD/PayReview, and knowledge of HRIS analytics as they pertain to compensation functions.
- Experience evaluating information to determine compliance with standards, laws, and regulations.
- Certified Compensation Professional (CCP) as granted by World at Work.
Salary Range