Senior Manager, Compensation Consulting Hybrid-Chicagoland

Walgreens
US - Illinois - Deerfield
January 6, 2025
Management

Job Summary

This is a dynamic role with an opportunity to make a real difference! If you are passionate about driving impact through strategic compensation initiatives and fostering collaboration across HR and Finance, we encourage you to apply.
The Senior Manager, Compensation is responsible for designing, implementing, and managing compensation programs that support the strategic objectives of several of Walgreens Support Office functions.
This role serves as a key advisor to senior leadership, providing compensation insights and data-driven solutions to attract, retain, and motivate top talent while ensuring compliance and alignment with business goals.
The position will require collaboration across HR, Finance, and business leaders, ensuring compensation strategies are competitive, compliant, and aligned with the companys financial and operational priorities.

Compensation Strategy and Planning
- Design and lead comprehensive compensation strategies
- Design a forward-thinking job structure and pricing framework for the enterprise
- Conduct market analysis and benchmarking studies to ensure competitive positioning within the industry and across relevant markets.
- Partner with Finance on compensation budget planning and forecasting to support overall financial and strategic plans.
- Create and maintain compensation structures aligned with business needs and regulatory requirements.
- Manage the annual compensation planning cycle, including salary adjustments, incentive payouts, and performance-based increases, ensuring compliance and effective execution.
Advisory and Stakeholder Engagement
- Act as a primary compensation advisor to HR and Finance teams, including senior leadership, providing guidance on complex issues and compensation plan changes.
- Collaborate with business leaders and HR Business Partners to develop solutions that drive employee engagement, retention, and performance.
- Proactively engage and communicate with HR and Finance teams to enhance understanding and administration of all compensation practices.
Data Analytics and Reporting
- Instill a data-driven mindset across the teams; develop and manage compensation analytics, and data-driven insights to support HR and Finance in decision-making processes.
- Prepare and present compensation reports, dashboards, and ad-hoc analyses for leadership to ensure informed decision-making.
- Partner with HRIS to optimize compensation tools and technology, enhancing data accuracy, reporting capabilities, and user experience.
Compliance and Risk Management
- Ensure compliance with federal, state, and local regulations, including FLSA, OFCCP, and other labor laws.
- Conduct regular audits of compensation practices to mitigate risks, maintain equity, and align with company policies.
- Stay informed on trends, legislation, and best practices in compensation to continuously improve and evolve the company's compensation programs.

Job Responsibilities

Partners with the VP of Compensation in determining and implementing the human resources strategy across the organization.
Partners with the management team to identify, develop, and implement appropriate approaches, processes, and tools in line with employment law and practices
Ensures strategic alignment between compensation, incentive programs, and business needs.
Leads efforts to develop programs/processes to support overall effectiveness of assigned function.
Defines, models, and reinforces Walgreens culture by ensuring that compensation practices are aligned with organizational objectives.
Guides functional leadership in the development of departmental goals, objectives, and systems that correspond with or.

Read the full job description and apply online on the recuiter's web-site

Senior Manager, Compensation Consulting Hybrid-Chicagoland

Senior Manager, Compensation Consulting Hybrid-Chicagoland

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