Compensation Consultant

McKesson is an impact-driven, Fortune 10 company that touches virtually every aspect of healthcare. We are known for delivering insights, products, and services that make quality care more accessible and affordable. Here, we focus on the health, happiness, and well-being of you and those we serve - we care.

What you do at McKesson matters. We foster a culture where you can grow, make an impact, and are empowered to bring new ideas. Together, we thrive as we shape the future of health for patients, our communities, and our people. If you want to be part of tomorrow's health today, we want to hear from you.

Compensation Consultant, Enterprise Compensation

Benchmarking, Global Salary and Job Architecture

• Manage and lead the annual benchmarking cycle, in collaboration with the broader Compensation COE, to develop annual recommendations as an outcome of survey results. Maintain and own the enterprise-wide approach of reviewing market data for base pay

• Own current survey data tool and FY25 assessment of new vendors and implementation of new platform, when available

• Develop and maintain salary structure development for enterprise-wide employees, including sales salary structures; analyze and verify that current structures are serving the purpose of enabling the enterprise to pay employees competitively vs. market; monitor and implement on recommendations regarding adjustments for range spreads, midpoint progressions, etc.

Regulatory/Compliance Landscape and Industry Trends

• Ownership of compliance initiatives and stakeholder change management, including, but not limited to, FLSA changes, minimum wage changes and impact, employees below pay range minimum

• Manage and develop recommendations for system, program, and policy changes to ensure compliance, and lead the change management efforts in partnership with Legal

• Lead ongoing review of McKesson's pay vs. minimum wage and living wage legislation and initiatives at state and local levels, in cooperation with Analyst team

• Monitor other wage issues and government initiatives to evaluate impact to the organization

• Track industry total reward trends to educate Consulting COE and to develop recommendations for new programs/policies that meet the needs of the business

Geographical Salary Plan Assignments

• Lead the analysis of McKesson work locations to appropriate salary plans and refine geographical assignment approach as needed

• Centrally manage the process for the development of recommendations for change in methodology to ensure implementation supports business's ability to pay competitively in labor markets

Compensation Analytics and Market Insights

• Proactive analytics and reporting of compensation data and insights

• Compensation team representative for cross-functional partnership across HR for reporting and analytics initiatives (e.g., Visier, skills work, creation of dashboards)

• Lead and manage other projects and duties as assigned

Preferred Education and Experience

• Bachelor's Degree in Human Resources, Business, or related field or equivalent experience

• 7+ years of dedicated compensation experience

• 4+ year Program Management experience.

• Extensive knowledge of survey methodology and experience with usage of salary data platforms (e.g., MarketPay, etc)

• Expert knowledge of Microsoft Office applications, including Excel, Access, and PowerPoint, etc.

• Strong knowledge of Workday and HRIS applications

• Strong analytical and problem solving skills

• Excellent communication skills (both oral and written)

• Process improvement mindset

• Solid business acumen and customer focus

• Flexible and capable of adapting to changing business conditions and priorities

• Able to work under minimum supervision and act as a team player

• Previous experience working as part of a cross-functional team, preferably in a large, complex organization or corporate setting

We are proud to offer a competitive compensation package at McKesson as part of our Total Rewards. This is determined by several factors, including performance, experience and skills, equity, regular job market evaluations, and geographical markets. In addition to base pay, other compensation, such as an annual bonus or long-term incentive opportunities may be offered. For more information regarding benefits at McKesson, please click here.

Our Base Pay Range for this position

$104,800 - $174,600

McKesson is an Equal Opportunity Employer

McKesson provides equal employment opportunities to applicants and employees and is committed to a diverse and inclusive environment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age or genetic information. For additional information on McKesson's full Equal Employment Opportunity policies, visit our Equal Employment Opportunity page.

Join us at McKesson!