Compensation Operations Manager Apply
Lexington, MA Full time Posted Yesterday Job Description Are you looking for a patient-focused, innovation-driven company that will inspire you and empower you to shine? Join us as Compensation Operations Manager based in our Lexington, Massachusetts office! At Takeda, we are transforming the pharmaceutical industry through our R&D-driven market leadership and being a values-led company. To do this, we empower our people to realize their potential through life-changing work. Certified as a Global Top Employer, we offer stimulating careers, encourage innovation, and strive for excellence in everything we do. We foster an inclusive, collaborative workplace, in which our global teams are united by an unwavering commitment to deliver Better Health and a Brighter Future to people around the world. Here, you will be a vital contributor to our inspiring, bold mission. POSITION OBJECTIVES: The ideal candidate will be a key member of a team responsible for ensuring the efficient implementation and administration of Takeda’s salary, annual bonus and long-term incentive programs. Responsibilities include Compensation Plan/Program configuration in Workday, Support for Annual Compensation Planning and Payout to eligible employees (Merit, Incentive - Short and Long), Support HRIS to Payroll troubleshooting, and other assigned program support/process improvement (Recognition), and managing the implementation of assigned projects. Role will provide support for key business activities, operational planning, and will be responsible for responding to inquiries from HR, compensation colleagues and senior leadership. They will lead or participate in large scale or complex projects in areas such as pay programs, salary structures, data audits, job evaluations and other compensation related initiatives. The Compensation Operations Manager will work with data and translate the data into conclusions, prepare presentations, make recommendations, and interpret policies/procedures with moderate to high complexity. Ideal candidates will have superior technical abilities and proven track records for rolling up their sleeves and maintaining a high level of ownership and accountability. POSITION ACCOUNTABILITIES: Key Responsibilities:
Manage day-to-day processes of the compensation operations function, including specific programs and processes, as required.
Manage requirements gathering, project management, and development of annual compensation cycle configuration, and work closely cross-functionally to implement updates and changes for the annual cycle.
Manage corrections during and after the annual compensation cycle, including triage of issues that arise through a variety of channels and related corrections, in collaboration with ELM or other support structures.
Support the compensation cycle through reporting, eligibility and data audits
Support the execution on Workday projects & enhancements
Manage and contribute to various other projects and initiatives.
Identify trends & patterns in data sets and interpret, synthesize, and communicate the meaning of the data being presented for compensation strategies. Prepare and present recommendations and presentations via analysis, creation of charts, development of meeting materials.
Participate and take a leadership role in large, complex Compensation projects such as merit processes, re-organizations, pay equity, market reviews, and long-range planning. Support the administration and communication of bonus/incentive programs.
How you will contribute: Technical/Functional (Line) Expertise
Experience managing compensation programs
Strong analytical and presentation skills
Understanding of compensation requirements within the market including industry best practices and frameworks, needs and challenges, and market trends
Awareness of laws and government regulations affecting compensation in the market
Experience working in pharmaceutical industry preferred
You will engage with and influence HR business partners and other internal and external members and contacts within the business units and HR functions
Build trust, influential communication, and ability to communicate and present effectively verbally and in writing
Decision Making and Autonomy
Develop solutions to a variety of complex problems; ensure solutions are consistent with organization goals
Work is performed with minimal direction; participate in determining goals of assignment; partners with Compensation lead to plan, schedule activities in accomplishing goals; work is reviewed for adequacy in meeting goals.
Ability to work independently, and with sense of urgency
Work on problems of diverse scope where analysis of data requires evaluation of identifiable factors, including collaboration across teams and tasks, and understanding of downstream impacts
Demonstrate excellent judgment in selecting methods and techniques for obtaining solutions
Demonstrate end-to-end thinking when problem solving
Internal: HR, Total Rewards, and HRIS colleagues, managers, and employees
Identify opportunities for greater value creation within the market, in consideration of the values and our goals
Develop approaches for continuous improvement
Demonstrated experience working with a dynamic workforce and peer set
Demonstrated experience working with technical and educated work force, for example ranging from scientists, to doctors, to engineers
Demonstrated experience working in a global environment
EDUCATION, BEHAVIORAL COMPETENCIES AND SKILLS, REQUIREMENTS: Essential:
College, university or equivalent degree required (business related major preferred).
Achievement (or working towards) relevant certification such as Certified Compensation Professional (CCP) designation or similar Total Rewards-specific qualification preferred
Minimum of 8 years’ experience in compensation or other analytical fields required
Comprehensive knowledge of compensation principles and practices, and state and federal government regulations required
Excellent verbal and written communication skills
Proven project management skills
High level of expertise in Excel
Experience with Workday compensation management and data structures
Experience in a leadership role preferred
Experience in incentive compensation strategy and design preferred
Prior experience working with a broadband, market-based pay program preferred
Strong analytical and problem-solving ability with end-to-end thinking
Strong ability to present information in an objective and logical manner for effective decision making as well as strong negotiation and influencing ability
Ability to work effectively in a fast paced, team-oriented, “hands-on” environment
Ability to work well with others, and develop solutions
TRAVEL and ADDITIONAL REQUIREMENTS:
Maintain highly confidential information
Travel occasionally (less than 10% of time) travel domestically and internationally required
WHAT TAKEDA CAN OFFER YOU:
Comprehensive Healthcare: Medical, Dental, and Vision
Financial Planning & Stability: 401(k) with company match and Annual Retirement Contribution Plan
Health & Wellness programs including onsite flu shots and health screenings
Generous time off for vacation and the option to purchase additional vacation days
Community Outreach Programs and company match of charitable contributions
Family Planning Support
Flexible Work Paths
MORE ABOUT US: At Takeda, we are transforming patient care through the development of novel specialty pharmaceuticals and best in class patient support programs. Takeda is a patient-focused company that will inspire and empower you to grow through life-changing work. Certified as a Global Top Employer, Takeda offers stimulating careers, encourages innovation, and strives for excellence in everything we do. We foster an inclusive, collaborative workplace, in which our teams are united by an unwavering commitment to deliver Better Health and a Brighter Future to people around the world. In accordance with the CO Equal Pay Act, Colorado Applicants Are Not Permitted to Apply. EEO Statement Takeda is proud in its commitment to creating a diverse workforce and providing equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, parental status, national origin, age, disability, citizenship status, genetic information or characteristics, marital status, status as a Vietnam era veteran, special disabled veteran, or other protected veteran in accordance with applicable federal, state and local laws, and any other characteristic protected by law. Locations Lexington, MA