McKesson is hiring a Senior Compensation Consultant. We are seeking an accomplished, compensation consultant and thought leader who can provide compensation strategy and advisory guidance to our Senior Executives and Strategic HR Business Partners aligned to our most strategic and high-growth business units. This role is expected to help understand the market segmentation for these high-growth business units, and then develop market competitive compensation design, structure and guidance that differentiates McKesson as an employer of choice across Health Care so we can attract, retain, motivate and develop great talent.
The Senior Compensation Consultant will report directly to the VP, Compensation and will interface directly with a client group that includes Senior Executives, Strategic HR Business Partners, and various People Leaders across the enterprise. They will also be part of a Global Compensation COE that includes Compensation Consultants & Analysts that provide strategic and advisory support to each of our business units and functional segments.
Responsible for leveraging diverse experiences, in-depth knowledge of compensation programs, prevalent market practices and data analytics in order to help inform our compensation-related decisions that create a total rewards opportunity for our employees that is both market competitive and part of a compelling Employee Value Proposition. Must have an "Enterprise First" mindset when determining solutions and providing guidance. Partners with our functionally aligned Compensation Analyst team to complete work needed to support each business unit and client group.
Consulting & Advisory
Develop deep understanding of each business unit segmentation in order to determine the appropriate compensation strategy and guidance that aligns with the business strategy.
Engage, influence, and provide concise guidance and recommendations to various audiences, including Senior Executives, Strategic HR Business Partners, People Leaders and HR Teams.
Educate client groups and stakeholders in a way that expands their understanding of our compensation philosophy, principles and programs by leveraging our HCM data analytics and market intelligence.
Advise on compensation strategy, programs, and related matters while balancing business acumen, total rewards expertise, and relationship building skills.
Compensation Design & Annual Process
Lead our Annual Compensation Review process, Ad Hoc compensation projects, and various other compensation-related initiatives for each client group.
Provide thought leadership and guidance to our team of Compensation Analysts and/or other Compensation Consultants across the Global Compensation COE team.
Partner in the rollout of enterprise-wide compensation programs; and occasionally participate/lead project teams on compensation-related initiatives.
Act as our lead Compensation subject matter expert on various cross-functional HR projects and certain Merger & Acquisition work.
Typically requires 10+ years' experience as a Compensation Consultant; or related compensation experience.
Bachelor's degree in HR, Business or Finance; or equivalent experience.
Experience and proven expertise in multiple compensation practice areas (for example, executive pay, broad-based pay, variable/long-term incentive compensation, equity compensation and sales compensation programs).
Foundational compensation design expertise and program knowledge in multiple practice areas (for example, benchmarking, job evaluations, career progression, market research, survey benchmarking and performance management).
Compensation experience in a large, complex, publicly traded organization.
Demonstrated competency and acumen for understanding complex, strategic Business Unit goals and developing appropriate compensation solutions and guidance that best aligns with McKesson's overall HR and people strategy.
Strong quantitative/analytical skills with proven capability to communicate findings in a clear and concise manner for various audiences.
Naturally conscientious about providing an accurate, quality and thorough work product.
Ability to handle sensitive information with the highest degree of integrity and confidentiality.
Ability to interact and communicate with all levels of the organization, mindful of the culture and diversity of the audience.
Ability to prioritize tasks and handle numerous assignments simultaneously.
Ability to prioritize in a high-pressure, fast-paced environment.
Technology savvy with Microsoft (PowerPoint, Excel, Word and Teams) and Workday HCM.
Strong learning and inquisitive skill set.
Ability to problem solve and adapt quickly to changing circumstances.
Strong verbal communication, writing and interpersonal skills along with the ability to form strong cross-functional relationships.
Must have a team player mindset, actively take initiative and have a strong work ethic.
Demonstrated use of analytical skills and problem solving/critical thinking skills.
General Office Demands
Benefits & Company Statement
McKesson believes superior performance - individual and team - that helps us drive innovations and solutions to promote better health should be recognized and rewarded. We provide a competitive compensation program to attract, retain and motivate a high-performance workforce, and it's flexible enough to meet the different needs of our diverse employee population.
We are in the business of better health and we touch the lives of patients in virtually every aspect of healthcare. We partner with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting.
But we can't do it without you. Every single McKesson employee contributes to our mission--whatever your title, whatever your role, you act as a catalyst in a chain of events that helps millions of people all over the globe. Talented, compassionate people are the future of our company--and of healthcare. At McKesson, you'll collaborate on the products and solutions that help us carry out our mission to improve lives and advance healthcare. Working here is your opportunity to shape an industry that's vital to us all.
McKesson is an equal opportunity and affirmative action employer - minorities/females/veterans/persons with disabilities.
Qualified applicants will not be disqualified from consideration for employment based upon criminal history.
No agencies please
McKesson is an Equal Opportunity/Affirmative Action employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.Qualified applicants will not be disqualified from consideration for employment based upon criminal history.
McKesson is committed to being an Equal Employment Opportunity Employer and offers opportunities to all job seekers including job seekers with disabilities. If you need a reasonable accommodation to assist with your job search or application for employment, please contact us by sending an email to McKessonTalentAcquisition@mckesson.com . Resumes or CVs submitted to this email box will not be accepted.
Current employees must apply through the internal career site.
Join us at McKesson!
Internal Number: JR0040716
About McKesson Corporation
We deliver careers with purpose and potential. Our focus on better health starts with creating an inclusive environment with strong values where you can build a fulfilling career. You can count on us to provide you with resources and opportunities to grow and be your best, while contributing to our pursuit of improving lives. Every day, McKesson’s employees deliver products to healthcare providers that make a difference in the care and life of a patient. We work to distribute medical supplies, bandages, syringes, vials of flu vaccine, and pharmaceutical drugs to help real patients like Jack, an eight-year-old boy battling cancer. We take that job seriously. Together, the work we do is shaping the future of healthcare. If you are passionate about combining a meaningful career with a balanced life, join us on this journey and apply for a job with McKesson today. Every day, McKesson’s employees deliver products to healthcare providers that make a difference in the care and life of a patient.