Abbott Laboratories - Saint Paul, MN
posted about 2 months ago
The Senior Manager of Sales Compensation and Analytics at Abbott is a pivotal role responsible for the design, implementation, and management of sales compensation plans that drive performance and align with the company's strategic goals. This position requires a deep understanding of sales compensation structures and analytics, as well as the ability to provide insights to senior leadership to support informed decision-making. The ideal candidate will possess a strong background in sales compensation, analytics, and leadership, ensuring that the compensation strategies are competitive, equitable, and compliant with legal regulations. In this role, you will develop and implement sales compensation plans that motivate the sales team and align with business objectives. You will analyze sales performance data to project monthly and quarterly commission payouts, identify trends, and provide actionable insights to senior leadership. Additionally, you will oversee the administration of sales compensation plans, ensuring accurate and timely processing of payments and maintaining documentation for compensation plans and processes. Collaboration is key in this position, as you will work closely with finance, HR, and sales operations teams to ensure alignment and consistency in compensation practices. You will also provide training and support to sales managers and representatives on compensation-related matters. As a leader, you will build and develop a team of analysts and specialists responsible for sales compensation and analytics, fostering a culture of continuous improvement and data-driven decision-making within the team. Furthermore, you will ensure that all sales compensation practices comply with relevant laws and regulations while staying updated on industry trends and best practices. This role is based in the Minneapolis/St. Paul area and requires in-office work five days a week.