Director, Global Compensation

Deerfield, Illinois
Deerfield, IL Full Time
POSTED ON 4/5/2024

This is where you save and sustain lives

At Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You’ll feel a sense of purpose throughout the organization, as we know our work improves outcomes for millions of patients. 

Baxter’s products and therapies are found in almost every hospital worldwide, in clinics and in the home. For over 85 years, we have pioneered significant medical innovations that transform healthcare.

Together, we create a place where we are happy, successful and inspire each other. This is where you can do your best work. 

Join us at the intersection of saving and sustaining lives— where your purpose accelerates our mission. 

Your Role

Join us as we revolutionize the treatment landscape and help improve patient lives worldwide.

Baxter plans to spin off our ~$5B Kidney Care segment into an independent, publicly traded company. The new standalone entity will leverage our nearly 70-year legacy in acute therapies and home and in-center dialysis to provide best-in-class care to the people we serve. With its own investment priorities and enhanced management focus, the company will be better positioned to pursue growth opportunities and invest in innovation. We will build on our leadership in the kidney care space, fueled by our steadfast focus on innovation, our passion for patients and their families and our expertise in operational excellence.

#Thisiswhere you can make an impact !

The Director, Compensation oversees broad-based global compensation strategy and administration. Reporting to the VP, Total Rewards, this role collaborates with colleagues across the organization to align compensation programs with organizational strategy and goals, values, and culture. Ensures effective and efficient operations of global compensation offerings while mentoring, coaching, and developing direct and indirect reports. The Director, Compensation has direct management responsibility for the Americas compensation team and will partner closely with the Total Rewards leader for EMEA & APAC to implement these programs and standards.

What you'll be doing

  • Develop and implement a comprehensive compensation strategy post-spinoff, including building out a compensation function.
  • Collaborate with senior leadership and other stakeholders to ensure the compensation philosophy is aligned with the company's overall strategy and goals.
  • Create a job leveling framework that aligns with the company's business objectives and culture, including job families, job levels, and associated salary ranges.
  • In partnership with Executive Compensation leader, develop incentive targets that are aligned with business objectives and individual performance, including short-term and long-term incentives, bonuses, and equity-based plans.
  • Partner with Finance colleagues to ensure compensation plans are aligned with financial objectives and budgets.
  • Lead the annual compensation review process including calendar development, process guidelines, market range updates, coordination of global merit budgets, manager and employee communications, and systems configuration testing.
  • Partner with HR technology colleagues during HCM implementation and on an ongoing basis to ensure compensation planning module is configured to meet the needs of the organization’s compensation planning process.
  • Build and maintain strong relationships with HR business partners, hiring managers, and other stakeholders to ensure effective communication and collaboration.
  • Monitor and analyze compensation trends, regulatory changes, and market developments to ensure the company's compensation strategy remains competitive and effective.

What you'll bring

  • Proven history of developing and implementing successful compensation strategies that drive business growth and manage risk.
  • Strong experience in partnering with Finance colleagues to ensure compensation plans are aligned with financial objectives and budgets.
  • Excellent verbal and written communication and problem-solving skills, with the ability to distill complex concepts into clear and actionable recommendations.
  • Strong analytical and data-driven decision-making skills, with the ability to interpret and communicate compensation data and metrics.
  • Experience managing and leading cross-functional teams, with a focus on collaboration, empowerment, and accountability.
  • Strong understanding of compensation regulations and trends, including equity and diversity considerations.
  • Requires an undergraduate degree.
  • 10 years related compensation program design.
    and administration.
  • 10 years management experience.
  • Experience working in a global, matrixed organization.

We understand compensation is an important factor as you consider the next step in your career. At Baxter, we are committed to equitable pay for all employees, and we strive to be more transparent with our pay practices. The estimated base salary for this position is $160,000 - $240,000 annually. The estimated range is meant to reflect an anticipated salary range for the position. We may pay more or less than of the anticipated range based upon market data and other factors, all of which are subject to change. Individual pay is based on upon location, skills and expertise, experience, and other relevant factors. This position may also be eligible for discretionary bonuses and long-term incentive. For questions about this, our pay philosophy, and available benefits, please speak to the recruiter if you decide to apply and are selected for an interview.

The successful candidate for this job may be required to verify that he or she has been vaccinated against COVID-19, subject to reasonable accommodations for individuals with medical conditions or religious beliefs that prevent vaccination, and in accordance with applicable law.

Equal Employment Opportunity

Baxter is an equal opportunity employer. Baxter evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic.
                                                                                                                                                               
EEO is the Law 
EEO is the law - Poster Supplement 
Pay Transparency Policy

Reasonable Accommodations

Baxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information.

Recruitment Fraud Notice

Baxter has discovered incidents of employment scams, where fraudulent parties pose as Baxter employees, recruiters, or other agents, and engage with online job seekers in an attempt to steal personal and/or financial information. To learn how you can protect yourself, review our Recruitment Fraud Notice.

126526

Qualifications:

1 Baxter Parkway|Deerfield, IL 60015|United States of America

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