Walgreens Boots Alliance - Deerfield, IL
posted about 2 months ago
The Senior Analyst Compensation at Walgreens is responsible for a wide range of compensation activities that include complex job evaluations, market pricing, salary surveys, and the maintenance and administration of compensation databases and systems. This role plays a crucial part in supporting the Compensation department's service delivery model by conducting compensation activities on a departmental, divisional, or company-wide basis, as well as managing complex projects. The analyst will work with highly sensitive and confidential information, ensuring that all data is handled with the utmost discretion and integrity. In this position, the Senior Analyst will participate in approved salary surveys by collecting and reporting data to third-party survey providers. They will review salary survey results and provide recommendations regarding the addition or deletion of benchmark jobs. The role also involves providing analytical support for the development of merit budgets, salary structure modifications, and incentive plan data gathering and reporting. The analyst will be expected to prepare complex economic and cost impact models for compensation initiatives and provide counseling to management regarding complex pay changes, whether on an individual level or across the organization. The Senior Analyst will keep current with all aspects of compensation through continuous learning and participation in professional organizations. They may also coach and mentor less senior Compensation Analysts, manage complex ad-hoc projects, and participate in the development of incentive compensation plan designs. This includes ensuring model validation, aligning with organizational goals, forecasting costs, and developing communication plans and tools to measure attainment against plans. Additionally, the analyst will counsel HR Business Partners and other HR team members on various aspects of Walgreens' reward philosophy, market pricing, internal equity, job evaluation, and broadband structures. They will develop, analyze, and make recommendations for compensation programs to ensure competitiveness within the market and industry, and may present these programs to senior executives for approval. The role also involves enhancing the compensation aspects of HR information systems to support strategic initiatives.