Mgr,Compensation

Your success as a Compensation Manager will help to build and maintain knowledge of our pay practices and help to create training materials that will be used across the organization to help train managers, recruiters and HR business partners on the Company pay philosophy.Essential Duties:

• Manages the design of compensation structures and programs that reflect industry standards and competitive market practices in order to attract and retain talent.
• Confers changes in regulatory requirements related to billing, reimbursement, regulatory rates and compliance in order to inform compensation structures.
• Develops complex compensation models and analysis to plan for providers, taking into account factors such as productivity, quality metrics, patient satisfaction, and specialty-specific considerations.
• Benchmarks compensation data to ensure fair pay across different job roles and demographic groups, addressing any disparities that may exist in order to ensure fairness and mitigate legal or reputational risks.
• Helps establish and implement policies and programs that address shift differentials, overtime pay, and other compensation considerations specific to the organization's scheduling and work patterns.
• Conducts routine market research and analysis to understand industry trends and benchmark the organization's compensation programs against others.
• Helps establish and implement alignment of compensation and benefits strategies and communicating total rewards packages effectively to leaders and HRBPs.Required Qualifications
• 5+ years of compensation experience OR a combination of experience in human resources/financePreferred Qualifications
• Excellent oral and written communication skills
• Ability to adapt to rapidly changing technology and apply to business needs
• Ability to identify, analyze, and resolve business issues through solution-oriented projects.
• Advanced skills in MS Office (Word, Excel, PowerPoint) and/or Google (Docs, Sheets, Slides)
• Demonstrated customer service acumen
• Ability to perform in a high-pressure environment and/or crisis situation and render good decisions to resolve the problems
• Proven ability to prioritize and multi-task
• Demonstrated ability to achieve results through team efforts
• Willingness to challenge established practices and draw relevant conclusions
• Ability to develop, read, analyze, and interpret complex documents or spreadsheets
• Adept at execution and delivery (planning, delivering, and supporting) skills
• Attention to detail
• Any combination of education, training and experience that demonstrates the ability to perform the duties of the position
• Workday experience a plusEducation
• Bachelor's degree preferred or equivalent experience; Associate degree and 2 additional years experience or HS/Equivalent and 4 additional years experience Anticipated Weekly Hours
40Time Type
Full timePay Range

The typical pay range for this role is:$66,330.00 - $145,860.00This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.Great benefits for great peopleWe take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit https://jobs.cvshealth.com/us/en/benefitsWe anticipate the application window for this opening will close on: 04/17/2025Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.