Compensation Leader

Job Description

Our Support Functions deliver services and make recommendations about ways to enhance our workplace and the culture of our organization. Our Support Functions include HR, Finance, Information Technology, Legal, Procurement, Administration, Facilities and Security.

Right now, around 69,000 of our employees are working to cure the world’s most complex diseases. We know that our people are the key to our success, which is why our Human Resources team works to attract, develop, retain and inspire our people so that they can learn, grow and make a true impact on the world. Together we collaborate to create a culturally rich, diverse organization ensuring we remain innovative, agile and flexible.  

The head of broad-based compensation will have responsibility for providing strategic leadership for the global compensation practice and operational leadership for the U.S. compensation function. He/she will lead the design and development of the Company’s compensation architecture, programs, plans and policies, providing guidance and oversight to the international compensation community.  He/she will be responsible for engaging with senior business and HR leaders to understand business priorities and challenges that inform the compensation strategy, design and investments.

The successful candidate will operate as a compensation thought leader to understand and shape leading and emerging practices based on industry trends and external market practices.  He/she will directly monitor U.S. trends and regulatory developments to ensure compliance with all laws and regulations. This position will report to the head of Total Rewards, and will be responsible for the management, coaching, and development of a team of compensation professionals.

Responsibilities include:

• As a member of the rewards leadership team, establish the total rewards philosophy and strategy;
• Develop and prioritize the strategic objectives for the global compensation practice, aligned to the overall business strategy;
• Play a lead role in the development and evolution of a global compensation community of practice;
• Lead and manage the U.S. compensation function including consultative support to the business;
• Monitor existing compensation program effectiveness, while focusing on continuous improvement;
• Evaluate and evolve the global incentive structure to ensure the competitiveness of programs;
• Oversee annual U.S. compensation survey submission and market pricing activities;
• Partner with the HR Operations team on the annual compensation planning process, including preparation of U.S. salary budget recommendation and coordination with the international community to establish individual country salary budgets;
• Remain knowledgeable of U.S. federal, state, and local laws to ensure that the compensation programs are compliant with external regulations;
• Partner with the rewards leadership team on M&A activity, due diligence and integration.

Education Requirement:

• Bachelor's degree is required
• MBA or other graduate degree is strongly preferred.

Required:

• 14+ years of progressive work experience with at least 10 years in a compensation and/or benefits related role;
• Ability to influence, deliver results and collaborate across functions and teams to ensure strategic alignment, organizational buy-in and operational effectiveness;
• Strong business and financial acumen and confident presence with senior management;
• Strategic, innovative and forward-looking thinker;
• Excellent communication, data and analytical skills;
• Proven experience leading and managing a high-performing team

Who we are …

We are known as Merck & Co., Inc., Kenilworth, New Jersey, USA in the United States and Canada and MSD everywhere else. For more than a century, we have been inventing for life, bringing forward medicines and vaccines for many of the world's most challenging diseases. Today, our company continues to be at the forefront of research to deliver innovative health solutions and advance the prevention and treatment of diseases that threaten people and animals around the world.

What we look for …

In a world of rapid innovation, we seek brave Inventors who want to make an Impact in all aspects of our business, enabling breakthroughs that will affect generations to come. We encourage you to bring your disruptive thinking, collaborative spirit and diverse perspective to our organization. Together we will continue Inventing For Life, Impacting Lives while Inspiring Your Career Growth.

INVENT.

IMPACT.

INSPIRE.

US and Puerto Rico Residents Only:

If you need an accommodation for the application process please email us at staffingaadar@msd.com
For more information about personal rights under Equal Employment Opportunity, visit:

EEOC Poster

EEOC GINA Supplement​

OFCCP EEO Supplement

OFCCP Pay Transparency Rule

We are an equal opportunity employer, Minority/Female/Disability/Veteran – proudly embracing diversity in all of its manifestations.

Search Firm Representatives Please Read Carefully 
Merck & Co., Inc., Kenilworth, NJ, USA, also known as Merck Sharp & Dohme Corp., Kenilworth, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company.  No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails. 

Employee Status:

Relocation:

VISA Sponsorship:

Travel Requirements:

Flexible Work Arrangements:

Shift:

Valid Driving License:

Hazardous Material(s):

Number of Openings:

Requisition ID:R90197