Director, Compensation Job

Employer
Merck
Location
Kenilworth, NJ, US
Posted
October 12 2017
Discipline
Other
Organization Type
Pharma
Requisition ID: COM000552

Merck & Co., Inc. Kenilworth, N.J., U.S.A. known as Merck in the United States and Canada, is a global health care leader with a diversified portfolio of prescription medicines, vaccines and animal health products. The difference between potential and achievement lies in the spark that fuels innovation and inventiveness; this is the space where Merck has codified its legacy for over a century. Merck’s success is backed by ethical integrity, forward momentum, and an inspiring mission to achieve new milestones in global healthcare.



Right now, thousands of Merck associates are working to cure the world’s most complex diseases. We know that our people are the key to our success, which is why our Human Resources organization takes pride in building teams of skilled, forward-thinking individuals who contribute to Merck’s pioneering medical advancements. Our Human Resources department shares a spirit of attentive enthusiasm that helps support our associates in achieving new milestones in global healthcare.




This position is primarily responsible for managing and executing compensation programs for Merck’s Global Human Health commercial division in the US, as well as for the design, implementation and management of various US and global compensation programs, policies and processes that span different divisions and geographies. 




Responsibilities include but are not limited to:  



  • Actively engage with HR and business leaders to understand business strategy, organizational structures, priorities and challenges

  • Provide consultation to clients relative to compensation-related policies, programs, processes and issues, driving timely, thoughtful and prudent solutions

  • Work collaboratively internally with HRBPs, Recruiting, HR Operations, Compensation and internal clients as well as externally with consultants and vendors to effectively manage compensation projects and processes

  • Build market-aligned functional salary ranges, set short term incentive targets, perform job evaluations and develop compensation recommendations (e.g., new hire offers, pay adjustments, retention payments), all in accordance with global guidelines, framework and required timing

  • Manage salary survey data, interpret and perform analysis as required to assess market competitiveness and job leveling. Manage the development and administration of custom compensation surveys as needed

  • Collaborate with Compensation colleagues and provide input into the development, design, administration, compliance and governance of US and global compensation policies and programs

  • Own global sales incentive guiding principles and consult with sales organization on sales incentive plan design and target setting

  • Support US pay equity and FLSA analysis and actions as required

  • Oversee divisional compensation audits and compliance activities

  • Develop communication materials and train HR and managers as needed

Preferred:


- Pharmaceutical commercial experience in a compensation capacity


Qualifications

Education:



  • Bachelor’s degree in Human Resources, Business Administration, Finance or related discipline, required

  • Master’s degree or other advanced degree or certification in a related field, preferred
Required:


  • Minimum 12 years of experience in HR or other related field, with at least 5+ years of Compensation experience

  • Experience in implementation of compensation solutions across multiple geographies

  • Strong customer service orientation with ability to use knowledge and influence in a positive way to drive understanding and acceptance of compensation strategies and policies within Merck direct clients as necessary

  • Ability to assess risks and value drivers and propose cost effective, value enhancing and innovative solutions, including delivery, transition and cultural impact

  • Demonstrated leadership skills and self-starting attitude

  • Demonstrated excellent verbal and written communication skills

  • Effective project management, organizational and decision-making skills needed to prioritize and manage multiple projects across different client groups, internal departments and external consultants/vendors with ability to drive successful outcomes from inception to implementation

  • Strong research, analytical and problem solving skills, ability to interpret data, build useable spreadsheets, summarize results and make recommendations for data driven business decisions


Your role at Merck is integral to helping the world meet new breakthroughs that affect generations to come, and we’re counting on your skills and inventiveness to help make meaningful contributions to global medical advancement. At Merck, we’re inventing for life. 


 


If you need an accommodation for the application process please email us at staffingaadar@merck.com.


  


Search Firm Representatives Please Read Carefully: 


Merck & Co., Inc. is not accepting unsolicited assistance from search firms for this employment opportunity.  Please, no phone calls or emails.  All resumes submitted by search firms to any employee at Merck via email, the Internet or in any form and/or method without a valid written search agreement in place for this position will be deemed the sole property of Merck.  No fee will be paid in the event the candidate is hired by Merck as a result of the referral or through other means.


 


Visa sponsorship is not available for this position.


 


For more information about personal rights under Equal Employment Opportunity, visit:


 


            EEOC Poster


            EEOC GINA Supplement 



Job: Compensation
Other Locations:
Employee Status: Regular
Travel: Yes, 10 % of the Time
Number of Openings:
Shift (if applicable):
Hazardous Materials:
Company Trade Name: Merck

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