Compensation Consultant

McKesson is an impact-driven, Fortune 10 company that touches virtually every aspect of healthcare. We are known for delivering insights, products, and services that make quality care more accessible and affordable. Here, we focus on the health, happiness, and well-being of you and those we serve – we care.

What you do at McKesson matters. We foster a culture where you can grow, make an impact, and are empowered to bring new ideas. Together, we thrive as we shape the future of health for patients, our communities, and our people. If you want to be part of tomorrow’s health today, we want to hear from you.

McKesson is hiring a Compensation Consultant. We are seeking an accomplished, compensation consultant and thought leader who can provide compensation strategy and advisory guidance to our Executives and Strategic HR Business Partners aligned to our most strategic and high-growth business units. This role is expected to help understand the market segmentation for these high-growth business units, and then develop market competitive compensation design, structure and guidance that differentiates McKesson as an employer of choice across Health Care so we can attract, retain, motivate and develop great talent.

Position Description

The Compensation Consultant will report directly to the VP, Compensation and will interface directly with a client group that includes Senior Executives, Strategic HR Business Partners, and various People Leaders across the enterprise. They will also be part of a Global Compensation COE that includes Compensation Consultants & Analysts that provide strategic and advisory support to each of our business units and functional segments. 

Responsible for leveraging diverse experiences, in-depth knowledge of compensation programs, prevalent market practices and data analytics in order to help inform our compensation-related decisions that create a total rewards opportunity for our employees that is both market competitive and part of a compelling Employee Value Proposition. Must have an “Enterprise First” mindset when determining solutions and providing guidance. Partners with our functionally aligned Compensation Analyst team to complete work needed to support each business unit and client group.

Key Responsibilities

Consulting & Advisory

• Develop deep understanding of each business unit segmentation in order to determine the appropriate compensation strategy and guidance that aligns with the business strategy.
• Engage, influence, and provide concise guidance and recommendations to various audiences, including Senior Executives, Strategic HR Business Partners, People Leaders and HR Teams. 
• Educate client groups and stakeholders in a way that expands their understanding of our compensation philosophy, principles and programs by leveraging our HCM data analytics and market intelligence.
• Advise on compensation strategy, programs, and related matters while balancing business acumen, total rewards expertise, and relationship building skills.

Compensation Design & Annual Process

• Lead our Annual Compensation Review process, Ad Hoc compensation projects, and various other compensation-related initiatives for each client group.
• Provide thought leadership and guidance to our team of Compensation Analysts and/or other Compensation Consultants across the Global Compensation COE team.
• Partner in the rollout of enterprise-wide compensation programs; and occasionally participate/lead project teams on compensation-related initiatives.
• Act as our lead Compensation subject matter expert on various cross-functional HR projects and certain Merger & Acquisition work.

Minimum Requirements

• Typically requires 7+ years’ experience as a Compensation Consultant; or related compensation experience.
• Bachelor’s degree in HR, Business or Finance; or equivalent experience.

Critical Skills

• Experience and exhibited expertise in a couple Compensation practice areas (e.g., equity, executive, base pay, variable/sales programs).
• Requires thorough compensation knowledge and experience, preferably in a large, complex organization or corporate setting.
• Understands BU and HR strategy and the alignment with compensation
• Interprets internal/external requirements and recommends solutions/best practices, and alternatives.
• Takes a broad perspective and balances enterprise and BU approach, better leverages the Compensation function to identify solutions for clients.
• Strong relationship builder, an example of teamwork, and a good communicator. Can comfortably be the face to the client, grow relationships across HR and management, and strengthen the value of the Compensation function through good customer service.

Preferred Skills

• Naturally conscientious about providing an accurate, quality and thorough work product.
• Ability to handle sensitive information with the highest degree of integrity and confidentiality.
• Ability to interact and communicate with all levels of the organization, mindful of the culture and diversity of the audience.
• Ability to prioritize tasks and handle numerous assignments simultaneously.
• Ability to prioritize in a high-pressure, fast-paced environment.
• Technology savvy with Microsoft (PowerPoint, Excel, Word and Teams) and Workday HCM.
• Strong learning and inquisitive skill set.
• Ability to problem solve and adapt quickly to changing circumstances.
• Strong verbal communication, writing and interpersonal skills along with the ability to form strong cross-functional relationships.
• Must have a team player mindset, actively take initiative and have a strong work ethic.
• Demonstrated use of analytical skills and problem solving/critical thinking skills.
• CCP Preferred

Physical Requirements

• General Office Demands
• Limited travel

Benefits & Company Statement

McKesson believes superior performance – individual and team – that helps us drive innovations and solutions to promote better health should be recognized and rewarded. We provide a competitive compensation program to attract, retain and motivate a high-performance workforce, and it’s flexible enough to meet the different needs of our diverse employee population.

We are in the business of better health and we touch the lives of patients in virtually every aspect of healthcare. We partner with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting.

But we can’t do it without you. Every single McKesson employee contributes to our mission—whatever your title, whatever your role, you act as a catalyst in a chain of events that helps millions of people all over the globe. Talented, compassionate people are the future of our company—and of healthcare. At McKesson, you’ll collaborate on the products and solutions that help us carry out our mission to improve lives and advance healthcare. Working here is your opportunity to shape an industry that’s vital to us all.

Equal Opportunity

McKesson is an equal opportunity and affirmative action employer – minorities/females/veterans/persons with disabilities.

Qualified applicants will not be disqualified from consideration for employment based upon criminal history.

Agency Statement

No agencies please

We are proud to offer a competitive compensation package at McKesson as part of our Total Rewards. This is determined by several factors, including performance, experience and skills, equity, regular job market evaluations, and geographical markets. The pay range shown below is aligned with McKesson's pay philosophy, and pay will always be compliant with any applicable regulations. In addition to base pay, other compensation, such as an annual bonus or long-term incentive opportunities may be offered. For more information regarding benefits at McKesson, please click here.

Our Base Pay Range for this position

$104,800 - $174,600

McKesson is an Equal Opportunity Employer

McKesson provides equal employment opportunities to applicants and employees and is committed to a diverse and inclusive environment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age or genetic information. For additional information on McKesson’s full Equal Employment Opportunity policies, visit our Equal Employment Opportunity page.

Join us at McKesson!