Senior Analyst, Compensation

Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose : Bringing our heart to every moment of your health.

This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand with heart at its center our purpose sends a personal message that how we deliver our services is just as important as what we deliver.

Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

Position Summary

As the Senior Analyst of Compensation, you will develop, implement, and administer compensation programs such as salaries, short and long-term incentives, job evaluations, salary increases and salary surveys.

You will accomplish this by :

Conducting complex analysis of compensation data, including market data, salary data, bonus, and incentives.

Examining market trends and benchmark against industry standards and assess the competitiveness of the organization's compensation programs.

Collecting, organizing, and maintaining compensation data, ensuring accuracy and confidentiality, under limited supervision.

Potentially administer job role evaluations and classifications, determining their relative worth and appropriate salary ranges, participates in job audits, reviews job descriptions, and ensures internal equity and alignment with market practices and laws such as FLSA.

Developing and implementing compensation programs, policies, and guidelines under general supervision.

Conducting User Acceptance Testing in support of the Merit cycles and related to the Retail Incentive Plans.

Assisting with the communication and rollout of compensation programs.

Collaborating with HR Shared Services, Finance, HR Reporting and other partners to link compensation programs to performance management systems and annual compensation cycles.

Ensuring compensation practices adhere to legal requirements and comply with wage and hour laws, equal pay legislation, and other relevant regulations.

Emitting regular reports and presentations on compensation-related metrics and insights.

Required Qualifications

3-5 years work experience

Excel skill to analyze data and summarize results

Working knowledge of problem solving and decision making skills

Preferred Qualifications

Workday experience with conducting research for compensation, employee work history and running reports for pay cycles

Strong communication skills - written and oral

Bachelor’s Degree / Specialized Training

Education :

High School Diploma required; equivalent work experience may substitute

Pay Range

The typical pay range for this role is :

$43,700.00 - $107,200.00

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.

In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities.

The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees.

The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits.

CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners.

As for time off, Company employees enjoy Paid Time Off ( PTO ) or vacation pay, as well as paid holidays throughout the calendar year.

Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.