JOB DESCRIPTION:
This position is responsible for the implementation and administration of Compensation processes including salary administration, bonus plan administration or Long-Term Incentive Plan administration
KEY RESPONSIBILITIES:
Salary Administration
Evaluate salaried, hourly and professional positions and make compensation recommendations to the business
Prepare and review job descriptions based on analysis of position responsibilities Evaluate jobs using established evaluation systems, determine grades and prepare records of the validity of the evaluation
Review changes in wages and salaries for conformance to Company policy
Audit evaluation of positions and application of existing classifications to individuals
Participate in compensation surveys
Assist in updating the salary structure
Audit data in Workday, iSchein and MarketPay as needed
Approve some compensation recommendations and changes in Workday
Bonus Plan Administration
Own and drive the International Executive Performance Incentive Plan process including data collection, populating award templates and ensuring awards are correct and accurate
Work with business and finance teams to assign correct budgets to PIP participants
Audit data in Workday, iSchein and MarketPay as needed
Assist in administering the U.S. annual bonus programs to collect and update data and to calculate awards
Assist in reviewing bonus plans for conformance to policy
Long-Term Incentive Plan (LTIP) Administration
Assist in the preparation of exhibits for the Compensation Committee of the Board of Directors
Assist with annual and off-cycle restricted stock and restricted stock unit vesting’s
Assist with processing bank wires to transfer tax proceeds to local entities ○ Conduct LTIP audits and prepare grant loads for review
Conduct SOX testing
Assist with reporting and ad-hoc LTIP requests
Sales Incentive Compensation Administration
Support the effort to identify, document, and categorize all sales incentive plans.
Work closely with HRIS, Payroll, and Compensation team to ensure roles are properly set up in HRIS system.
Provide compensation recommendations for movement to and from roles with assigned sales incentive plans.
SPECIFIC KNOWLEDGE & SKILLS:
Proficient Microsoft Excel skills
Proficient in Workday and associated processes
Proficient in iSchein and associated processes
Proficient in internal audit BWise system and associated processes
Proficient in stock plan administration system and associated processes Intermediate knowledge of MarketPay and associated processes
GENERAL SKILLS & COMPETENCIES:
Professional skills with an understanding of industry practices and company policies and procedures
General proficiency with tools, systems, and procedures
Good planning/ organizational skills and techniques
Good analysis and problem-solving skills
Good writing and communication skills
Excellent conflict resolution skills
Self -starter in creating issue resolution
Excellent decision-making skills
Excellent Interpersonal skills
Exercise judgment within defined procedures and practices to determine appropriate action.
Direction from manager/director is needed on some complex issues Professional maturity in delivering difficult messages in a professional and empathetic manner
Proficient in employment law / compensation regulatory requirements • Developing professional credibility
WORK EXPERIENCE:
Typically 3 to 5 years of Compensation related professional experience.
PREFERRED EDUCATION:
Bachelor's Degree or global equivalent in related discipline. Participate in local HR organizations.
Proactively keep up with regulatory changes.
TRAVEL/ PHYSICAL DEMANDS:
Travel no more than 10% of the time
Office environment. No special physical demands required
To the extent this job is performed in NYC, the salary range for the position of Compensation Analyst is $61,085 to 106,898. Many factors go into determining employee pay within the range including prior experience, current skills, location/labor market, internal equity, etc.
Henry Schein, Inc. is an Equal Employment Opportunity Employer and does not discriminate against applicants or employees on the basis of race, color, religion, creed, national origin, ancestry, disability that can be reasonably accommodated without undue hardship, sex, sexual orientation, gender identity, age, citizenship, marital or veteran status, or any other legally protected status.
For more information about career opportunities at Henry Schein, please visit our website at: www.henryschein.com/careers
Top Skills
What We Do
Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With more than 20,000 Team Schein Members worldwide, the Company's network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that help improve operational success and clinical outcomes. Our Business, Clinical, Technology, and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental and medical laboratories, government and institutional healthcare clinics, as well as other alternate care sites.
