Compensation Manager

About the Department

Imagine being a part of a team committed to helping people defeat diabetes and other serious chronic conditions. Here at Novo Nordisk, we seek out opportunities to contribute to healthier communities and better lives for all people. And, that’s what you’ll gain by joining Novo Nordisk’s Human Resources team. Our HR team is passionate about their purpose – enabling business success the Novo Nordisk Way by turning the Company’s business strategy into an actionable workforce strategy. A strategy which captures the entire employee life-cycle. At Novo Nordisk, you will join an inclusive team of diverse talent and benefit from a range of possibilities for professional and personal development. Are you ready?

The Position

As a member of the Total Rewards Center of Excellence (CoE), design and implement the organisation’s compensation programs and activities so that they meet the organisation’s objectives with regards to internal equity and external market competitiveness. These programs may include job leveling; short-term, long-term and sales incentive plans; share/stock ownership plans; executive compensation; retirement, and supplemental pension plans. Liaise with functional or operational area managers to develop and implement local compensation strategies that are appropriate for their business needs, but consistent with the organisation’s overall Total Rewards strategy. Analyse and evaluate external market data as well as internal data about the organisation’s current employee population and future human resource needs to develop salary budgets and forecasts that are consistent with the organisation’s Total Rewards strategy with a focus on pay equity. Provides guidance to HR partners on application of Total Rewards policy. As part of the global Rewards COE, assist in creation, implementation, and localization of rewards initiatives, including strategy, process, communications, and technology.

Relationships

Reports to the Director, Total Rewards - NA. Frequent interaction with global and local Human Resource Business Partners (HRBPs), GPOS, Talent Acquisition, Global Rewards and Mobility, GBS teams, line of business, Ask HR, external vendors and consultants.

Essential Functions

• Applies competitive total rewards strategies and tools to attract, retain and reward employees based on analysis of compensation market trends and complete statistical studies
• Manage and support the business to run the annual recurring processes across the region
• Provides guidance to specific functional areas; analyzing market trends, completing statistical studies, and developing recommendations and action plans designed to attract, retain, and reward employees. May partner with outside consultants in developing custom surveys, when necessary
• Assist with the annual market analysis of all jobs in order to facilitate the annual compensation Plan
• Evaluate new and revised jobs using market data; assigns global job level and ensures consistency within global job architecture
• Participate as an extended team member on expansions and department restructures
• Provides advice and counsel to HRBPs and management on compensation related issues including development of job descriptions and job families; provide counsel and direction relative to promotion increases, internal transfers and new hire offers
• Participate in or lead global Total Rewards & Mobility CoE projects and other initiatives
• Ensure adherence to company policy with regards to fair & equitable pay positioning, fairness, transparency and consistency
• Actively participate in leading industry groups or advisory committees to stay current on rewards related items in the pharmaceutical industry as well as obtain or maintain certifications & credentials. Utilize knowledge to forecast and prepare for future needs of assigned functional areas

Physical Requirements

10-20% overnight travel required.

Qualifications

• Bachelor’s degree required; relevant experience and/or CCP/GRP may be substituted for degree when appropriate
• A minimum of 9 years of progressively responsible experience within Human Resources, preferably within Total Rewards functions
• A minimum of 4 years of compensation experience required; North America pharmaceutical compensation experience preferred
• Ability to work cross-collaboratively and globally in a team environment
• Advanced proficiency in Microsoft Word, Excel, Access, PowerPoint, and Outlook
• Compensation system experience preferred (i.e., Success Factors, Market Pay, SAP HR)
• Demonstrated leadership skills and cross-functional team facilitation experience
• Excellent written and verbal communication skills
• Demonstrates extensive knowledge and understanding of compensation theory, techniques, and practices Strong analytical and negotiation skills

Millions rely on us
At Novo Nordisk, we don’t wait for change. We drive change. We’re a dynamic company in an even more dynamic industry, and we know that what got us to where we are today is not necessarily what will make us successful in the future. We embrace the spirit of experimentation, striving for excellence without fixating on perfection. We never shy away from opportunities to develop, we seize them. Working at Novo Nordisk is working toward something bigger than ourselves, and it’s a collective effort. Novo Nordisk relies on the joint potential and collaboration of its more than 40,000 employees to change the lives for the better for millions of patients living with diabetes and other chronic diseases. Together, we go further. Together, we’re life changing.

Novo Nordisk is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, protected veteran status or any other characteristic protected by local, state or federal laws, rules or regulations.

If you are interested in applying to Novo Nordisk and need special assistance or an accommodation to apply, please call us at 1-855-411-5290. This contact is for accommodation requests only and cannot be used to inquire about the status of applications.