TraceLink, Inc. Global Compensation Manager in Wilmington, Massachusetts
TraceLink operates the world’s only integrated Digital Supply Network for the life sciences industry, today utilized by more than 1,300 healthcare organizations, pharmaceutical companies, and 275,000+ of their business partners to ensure that safe medicines reach the patients who rely on them. With the release of its Opus Digital Network Platform in 2021, TraceLink will empower customers and partners to create multi-enterprise applications that are of similar caliber and capability to those used by TraceLink to revolutionize the track-and-trace compliance market.
This new individual contributor position will report directly to TraceLink’s VP, Human Resources, and partner closely with the Chief People Officer, VP, Talent Acquisition, and HR / Finance Business Partners.
Role & Responsibilities
Collaborate with managers and key stakeholder groups, including Talent Acquisition, business partners and leaders, to provide strategic compensation consulting and coaching at point of new hire, new position evaluations, salary grade and job levels, transfers, promotion, and annual salary review cycle, to proactively impact the positive motivation, development, and retention of talent.
Collaborate closely with HR Business Partners to assist business leaders to develop an understanding of their organizations to proactively interpret, communicate, and educate internal partners on total rewards philosophy, policy, and practices, ensuring all compensation programs are administered fairly and consistently.
Maintain an understanding of the business strategy and priorities, and support the design, administration and delivery of compensation plans to ensure competitive positioning and cost effectiveness in order to attract, retain and reward TraceLinkers.
Monitor the competitiveness of our current compensation through annual survey participation and continuous benchmarking of roles within the global markets in which we compete for talent.
Liaise with our external compensation consultant to review industry trends and practices.
Provide quarterly compensation analysis and reports for the Compensation Committee, partnering with the CPO, and VP, HR to develop and implement competitive, industry-specific executive compensation strategies.
Maintain, and continually look to enhance, variable pay programs aimed at recognizing performance and achieving the right balance of fixed and variable compensation.
Ensure all salary ranges are reviewed and refreshed as necessary and new roles are market priced to slot into appropriate ranges, applying geographic differentials to recognize cost of labor variation by regional location.
Assist with the development, evolution, and education of the TraceLink Equity Program, including new equity vehicles (e.g. RSUs, stock purchase plan, etc.) to ensure it remains marketable and competitive to attract and retain top talent.
Provide reporting and analysis to monitor for consistency, gap to market, and adherence to budget
Assist with ad-hoc compensation requests, including various pay and bonus programs across TraceLink to ensure they are applied equitably and meet the ever-changing business requirements.
What You'll Need
5+ years of progressive experience in compensation and equity
Compensation certification is a plus; not required
Experience prepping for quarterly Compensation Committee meeting or an eagerness to learn
Bachelor’s degree or equivalent experience
Working knowledge of HCM software (Workday is preferred) and data reporting and analysis
Microsoft Office including Word, PowerPoint, and demonstrated advanced knowledge of Microsoft Excel (including pivot tables, VLOOKUP's, and advanced formulas)
Subject matter expert in compensation principles, practices, and analysis
Excellent written and presentation skills
Strong organizational, communication, presentation, consulting and influencing skills!
ICIMS ID: 2022-2786
External Company Name: TraceLink, Inc.
External Company URL: http://www.tracelink.com
Street: 200 Ballardvale St