Senior Manager, Compensation Consulting (Hybrid-Chicagoland) - Military Veterans
at Walgreens
Senior Manager, Compensation Consulting (Hybrid-Chicagoland)
Address: 104 WILMOT RD,DEERFIELD,IL,60015-05121-01104-2
Job ID 1498829BR
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 company's financial and operational priorities.
- 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.
- 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.
- 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.
- 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.
- Partners with the VP of Compensation in determining and implementing the human resourcesstrategy 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 organizational strategy.
- Serves as a liaison with Talent Acquisition function to ensure workforce planning, recruiting, and hiring strategies are satisfied.
- Proactively provides HR solutions to address key business capabilities.
- Partners with HR Shared Services team to ensure strategies are implemented and supported for the business unit.
- Keeps current on all compensation related laws and regulations as well as market practices to support the business unit.
- Looks at the design of compensation aspects of the systems, including Rate and Status, Organizational
- Hierarchy, Rate Sheet application, Pay Review and Reward to ensure the systems continue to effectively meet with COE developed programs 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"
Basic Qualifications
- Bachelor's degree and at least 4 years in compensation, OR high school/GED and at least 7 years of experience in compensation.
- At least 4 years of experience in a compensation function
- Experience collaborating with internal and external resources to develop strategies that meet department goals within budget and established timelines.
- Experience with the Fair Labor Standards Act and its applicability within a business.
- Experience with compensation system operation (information system requirements, transactional flow, and impact of compensation actions).
- Intermediate level skill in Microsoft Word (for example: inserting headers, page breaks, page numbers and tables and/or adjusting table columns).
- Intermediate level skill in Microsoft Excel (for example: using SUM function, setting borders, setting column width, inserting charts, using text wrap, sorting, setting headers and footers and/or print scaling).
- 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 2 years of experience contributing to financial decisions in the workplace.
- At least 2 years of direct leadership, indirect leadership and/or cross- functional team leadership.
- Willing to travel up to 15% of the time for business purposes (within state and out of state)
Preferred Qualifications
- Bachelor's degree and at least 7 years in compensation.
- Master's degree/MBA.
- Certification as a CCP or GRP as granted by World at Work.
- Experience in a customer-facing compensation role.
- Experience in one or more of the following industries: healthcare, retail, information technology, e- Commerce, Sales, SG&A, and/or facilities management.
- Strong analytical skills with expertise in compensation benchmarking, financial modeling, and data analysis.
- Demonstrated ability to influence and partner with senior leaders, drive strategic initiatives, and handle complex issues.
Salary Range$115400 - $196200 / Salaried
Deerfield, IL
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day.
Our founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, we have expanded that personal connection through our network of neighborhood pharmacies and our innovative health services and products. The foundation for all of this is our trusted pharmacy expertise and our team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
Veterans We’ve made a big commitment to hiring veterans for our team. But this is more than just a pledge. We’re backing it up with the kinds of things you need to successfully transition into the next stage of your career – like training, educational opportunities, and support. After all, we’re counting on you to help the thousands of people we serve in our communities. So, you can count on us every step of the way.
Business Resource Group (BRG)
VALOR is a grassroots network that brings together reservists, guard members, veterans, and more to support each other’s success. You can join in for valuable networking opportunities, peer mentoring, or just conversation and connection. You’ll also find VALOR out and about in our neighborhoods, doing community service and lending a hand.