Manager, Compensation

We’re building a world of health around every individual - shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger - helping to simplify health care one person, one family and one community at a time.

Position Summary

We are seeking a dynamic and experienced Compensation Manager to join our team supporting Health Care Delivery. As a Compensation Manager, you will serve as a guide to our team and consult the business on all compensation matters. This is an excellent opportunity to develop, implement, and administer compensation such as salaries, short and long-term incentives, job evaluations, salary increases and salary surveys. You may provide services across specialized areas of compensation, including Provider Compensation and role-based incentive programs. You will design compensation structures that reflect industry standards and competitive market practices in order to accrue and retain talent. As a dynamic compensation professional, you will also conduct routine market research and analysis to understand industry trends and benchmark the organization's compensation programs against others.

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.
• Strong ability to influence stakeholders through data-driven storytelling, translating complex compensation analyses into clear, compelling recommendations that drive informed business decisions.

Required Qualifications

• 5+ years of compensation experience OR a combination of experience in human resources/finance

Preferred Qualifications

• Experience supporting provider and clinician compensation, including role-based incentive programs.
• Excellent oral and written communication skills
• Ability to translate data into compelling business insights and actionable recommendations
• 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 plus

Education

• Bachelor's degree preferred or equivalent experience; Associate degree and 2 years experience or HS/Equivalent and 4 years experience

Anticipated Weekly Hours

Time Type

Pay Range

The typical pay range for this role is:

This 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 people

We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.

Additional details about available benefits are provided during the application process and on Benefits Moments.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.