Senior Compensation Analyst MSH
McKesson 1,344 reviews - The Woodlands, TX

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Empowering healthcare starts with you. At McKesson, whether you work in HR or marketing, finance or public affairs, you're making a difference. You'll spark a chain reaction that results in millions of people getting more from their healthcare.

As the nation's leading healthcare services

company, we touch virtually every aspect of healthcare. We empower our customers by delivering vital supplies and solutions. And we empower our employees through a supportive environment where opportunity and responsibility grow. Our exceptional leadership team provides the vision and strategy to advance healthcare, so you can feel confident in our direction and your future. At McKesson, we believe we can empower healthcare. And it all starts with you.

The Senior Compensation Analyst is a part of the new Compensation Center of Expertise (COE) organization and primarily partners with a Compensation Consultant to provide compensation support to Specialty Health. Position applies in-depth knowledge of compensation and data to provide analytic insight to inform compensation-related decisions and programs; reports to Director, Compensation Analysis.

Key Responsibilities
Provide analytical compensation support Compensation teams by:
> Performing market pricing analyses
> Participate in salary surveys and other benchmarking data sources
Provide data and insight to and collaborate with Compensation Consultant to conduct job evaluations (with capability to determine FLSA exemption) and grade classifications to ensure internal equity and external competitiveness of compensation programs. May recommend solutions.
Develop and administer incentive plans; influencing owners to drive appropriate compensation initiatives.
Consult with and provide advice to HR Business Partners regarding compensation related data sources and analyses that might answer complex compensation related issues or concerns.
Conducts rigorous analysis of multiple and complex data sources to create various compensation models. Scenarios may include predictive analytics to identify future trends and risk. Ability to articulate observations and recommendations to various audiences, especially executive leaders.
Generates and designs reports and tools to use in compensation-related analytics and dashboards.
Update and maintain foundational compensation structures (job codes, grades, and salary structures) for U.S. Oncology Practices; develop and maintain content (e.g., communications) on company intranet
Develops and administers multiple large scale projects including the Practice bonus and benchmarking analysis for the Network from start to finish including planning, communication, calculations, costing and collaboration with HR practitioners
Lead projects and provide guidance and expertise to other Compensation Analysts

Minimum 5+ years experience in Compensation and exhibited expertise in 1 or 2 Compensation practice areas (e.g., equity, executive, base pay, variable/sales programs). Experience leading compensation projects (such as benchmarking studies and focal reviews).

Requires thorough compensation knowledge and experience.
Strong quantitative analysis skills with ability to communicate findings in a clear, concise manner
Decisions are guided by policies, procedures, market practices and business plan; receives oversight and direction from Manager.
Works on problems of diverse scope where analysis of data requires evaluation of identifiable and unidentifiable factors.
Possesses business acumen on HR matters, ability to influence, interact and work effectively across Total Rewards COE and other related functions, e.g. Talent Management, Talent Acquisition, HR Business Partners, Compensation Consultants, and external vendors.
Uses best practices and knowledge of internal or external business issues to improve delivery of services.
Solves complex problems; takes a new perspective using existing solutions or create new solutions.
Experience with tools for administration of broad-based annual compensation cycle decision support.
Generally works independently; receives minimal guidance on day-to-day work and deliverables.

4-year degree in business or related field or equivalent experience.

CCP preferred.

General Office Demands

We believe you should be rewarded for the important work you do. For that reason, you'll receive a competitive compensation and benefits package when you join our team.

It starts with you. That's a simple sentence but it says a lot. It reminds each one of us that what we do matters. 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. By connecting and improving the business of healthcare, we're helping to ensure that millions of patients get the treatment they need. And by choosing a career with McKesson, you'll join a team of passionate people working together to improve lives and advance healthcare.

At McKesson, we believe we can empower healthcare. And it all starts with you.

As an equal opportunity employer, McKesson Corporation unites the talents and contributions of all to advance the power of healthcare. Learn more about our opportunities at

No agencies please.

About this company
1,344 reviews
McKesson Corporation, currently ranked 11th on the FORTUNE 500 list, is a healthcare services and information technology company dedicated...