Compensation Director, Support Office at WALGREENS
Deerfield, IL 60015
About the Job
Job Summary
This is a dynamic role with an opportunity to make a real difference! If you are passionate about driving impact through strategic compensation initiatives and fostering collaboration across HR and Finance, we encourage you to apply. The Director, Compensation is responsible for designing, implementing, and managing compensation programs that support the strategic objectives of several of Walgreens Support Office functions. This role serves as a key advisor to senior leadership, providing compensation insights and data-driven solutions to attract, retain, and motivate top talent while ensuring compliance and alignment with business goals. The position will require collaboration across HR, Finance, and business leaders, ensuring compensation strategies are competitive, compliant, and aligned with the companys financial and operational priorities.
Job Responsibilities
About Walgreens
Founded in 1901, Walgreens (www.walgreens.com) has a storied heritage of caring for communities for generations, and proudly serves nearly 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S. and Puerto Rico, and leading omni-channel platforms. Walgreens has approximately 220,000 team members, including nearly 90,000 healthcare service providers, and is committed to being the first choice for retail pharmacy and health services, building trusted relationships that create healthier futures for customers, patients, team members and communities.
Walgreens is the flagship U.S. brand of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), an integrated healthcare, pharmacy and retail leader. Its retail locations are a critical point of access and convenience in thousands of communities, with Walgreens pharmacists playing a greater role as part of the healthcare system and patients care teams than ever before. Walgreens Specialty Pharmacy provides critical care and pharmacy services to millions of patients with rare disease states and complex, chronic conditions.
Basic Qualifications
Preferred Qualifications
This is a dynamic role with an opportunity to make a real difference! If you are passionate about driving impact through strategic compensation initiatives and fostering collaboration across HR and Finance, we encourage you to apply. The Director, Compensation is responsible for designing, implementing, and managing compensation programs that support the strategic objectives of several of Walgreens Support Office functions. This role serves as a key advisor to senior leadership, providing compensation insights and data-driven solutions to attract, retain, and motivate top talent while ensuring compliance and alignment with business goals. The position will require collaboration across HR, Finance, and business leaders, ensuring compensation strategies are competitive, compliant, and aligned with the companys financial and operational priorities.
- Compensation Strategy and Planning
- Design a forward-thinking incentive design framework for consistent adoption and implementation across business units, including relevant KPIs and quantifiable metrics
- Conduct market analysis and benchmarking studies to ensure competitive positioning within the industry and across relevant markets.
- Partner with Finance on compensation budget planning and forecasting to support overall financial and strategic plans.
- Create and maintain compensation structures aligned with business needs and regulatory requirements.
- Manage the annual compensation planning cycle, including salary adjustments, incentive payouts, and performance-based increases, ensuring compliance and effective execution.
- Advisory and Stakeholder Engagement
- Act as a primary compensation advisor to HR and Finance teams, including senior leadership, providing guidance on complex issues and compensation plan changes.
- Collaborate with business leaders and HR Business Partners to develop solutions that drive employee engagement, retention, and performance.
- Proactively engage and communicate with HR and Finance teams to enhance understanding and administration of all compensation practices.
- Data Analytics and Reporting
- Instill a data-driven mindset across the teams; develop and manage compensation analytics, and data-driven insights to support HR and Finance in decision-making processes.
- Prepare and present compensation reports, dashboards, and ad-hoc analyses for leadership to ensure informed decision-making.
- Partner with HRIS to optimize compensation tools and technology, enhancing data accuracy, reporting capabilities, and user experience.
- Compliance and Risk Management
- Ensure compliance with federal, state, and local regulations, including FLSA, OFCCP, and other labor laws.
- Conduct regular audits of compensation practices to mitigate risks, maintain equity, and align with company policies.
- Stay informed on trends, legislation, and best practices in compensation to continuously improve and evolve the company's compensation programs.
Job Responsibilities
- Responsible for the establishing, implementing, and leading strategic compensation programs for one or more major business units that enhance the areas competitive advantage in the talent marketplace to include base pay, short- and long-term incentive programs, sales incentive programs, and non-cash recognition programs across the enterprise. The scope of the role covers all jobs within the respective business including executive compensation.
- Provides leadership and direction to compensation professionals aligned with the respective business units and ensures optimal compensation consulting and support services are available. Develops the rewards necessary to achieve business objectives.
- Executes strategic compensation initiatives through the completion of tactical actions that fulfills the business objective of enhancing competitive advantage through the attraction and retention of top talent. Ensures that Compensation goals are aligned to the Companys short- and long-term goals and objectives.
- Leads processes and ensures compliance and integrity of compensation documentation, systems and programs balancing speed and agility, customer expectation management, and program nimbleness to meet ever-changing business environments.
- Collaborates and fosters an open and consultative relationship with other HR business units to ensure consistent HR strategies and support to the business.
- Functions as the respective business subject matter expert on all job evaluation and base pay determination matters and the stewardship and integrity of the Companys approved job evaluation program.
- Collaborates and provides subject matter expertise in the administration of compensation administration activities to include, but not be limited to, annual salary review programs, compensation survey analysis and management, policy and procedures development, and ongoing compensation and total rewards education for managers and team members.
- Develops and effectively utilizes competitive intelligence and market data to proactively address compensation challenges that impact the business and maintains a long-term vision and planning perspective on how to maintain and enhance the perception of Walgreens as an employer of choice in the talent marketplace
About Walgreens
Founded in 1901, Walgreens (www.walgreens.com) has a storied heritage of caring for communities for generations, and proudly serves nearly 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S. and Puerto Rico, and leading omni-channel platforms. Walgreens has approximately 220,000 team members, including nearly 90,000 healthcare service providers, and is committed to being the first choice for retail pharmacy and health services, building trusted relationships that create healthier futures for customers, patients, team members and communities.
Walgreens is the flagship U.S. brand of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), an integrated healthcare, pharmacy and retail leader. Its retail locations are a critical point of access and convenience in thousands of communities, with Walgreens pharmacists playing a greater role as part of the healthcare system and patients care teams than ever before. Walgreens Specialty Pharmacy provides critical care and pharmacy services to millions of patients with rare disease states and complex, chronic conditions.
Basic Qualifications
- Bachelors Degree and at least 6 years of strategic planning, design, implementation, and managing base, variable, and sales compensation programs and supporting policy development, or a high school diploma or equivalent and at least 9 years of strategic planning, design, implementation, and managing base, variable, and sales compensation programs and supporting policy development
- Experience partnering with HR generalist and business partners in the development and implementation of compensation processes, procedures, and programs to support business needs
- Knowledge of compensation related Federal, state, and municipal laws and regulations and there applicability to the operations of a business.
- At least five (5) years experience analyzing and reporting data in order to identify issues, trends, or exceptions to drive improvement if results and find solutions.
- At least five (5) years experience in designing and implementing non-cash recognition/reward programs.
- At least 2 years of experience contributing to financial decisions in the workplace.
- At least 3 years of experience of direct leadership, indirect leadership and/or cross-functional team leadership.
- Willing to travel up to 15% of the time for business purposes (within state and out of state).
Preferred Qualifications
- Bachelors degree in Human Resources, Finance, Business Administration, or related field; Masters degree or professional certification (e.g., CCP) preferred.
- 8+ years of experience in compensation management, with experience supporting both HR and Finance functions preferred within a retail and/or healthcare organization.
- Experience designing and implementing compensation programs in a start-up environment
- Designated as a Certified Compensation Professional by WorldatWork.
- Experience as a compensation consultant to companies with annual revenues in excess of $1 billion.
- Additional Skills:
- Strong analytical skills with expertise in compensation benchmarking, financial modeling, and data analysis.
- Advanced proficiency with compensation tools and HRIS systems; strong Excel skills required.
- Demonstrated ability to influence and partner with senior leaders, drive strategic initiatives, and handle complex issues.
- In-depth knowledge of relevant regulations (FLSA, pay equity laws) and experience with global compensation programs is a plus.
- Competencies:
- Strategic thinker with a collaborative approach to problem-solving.
- Excellent communication skills, both written and verbal.
- High attention to detail and ability to manage multiple projects effectively.