Associate Director, Compensation

Company: Daiichi Sankyo, Inc.
Location: Basking Ridge
Posted on: January 24, 2023

Job Description:

Join a Legacy of Innovation 110 Years and Counting!Daiichi Sankyo Group is dedicated to the creation and supply of innovative pharmaceutical therapies to improve standards of care and address diversified, unmet medical needs of people globally by leveraging our world-class science and technology. With more than 100 years of scientific expertise and a presence in more than 20 countries, Daiichi Sankyo and its 15,000 employees around the world draw upon a rich legacy of innovation and a robust pipeline of promising new medicines to help people. Under the Group's 2025 Vision to become a "Global Pharma Innovator with Competitive Advantage in Oncology," Daiichi Sankyo is primarily focused on providing novel therapies in oncology, as well as other research areas centered around rare diseases and immune disorders.SUMMARYThe Associate Director, Compensation serves as the strategic consultative expert on all matters of broad based compensation and anticipates business needs to address retention, attraction, and engagement issues for assigned clients. Partners with Director of Compensation on enterprise-wide initiatives. Through strong partnerships, this role focuses on delivering the company-wide total well-being strategy that drives an excellent employee experience to enable our people to bring their very best to serve patients.RESPONSIBILITIES- Partner effectively with HR Business Partners, Talent Acquisition, and Business Leaders to understand roles within their client area(s). Independently identifies and leads the development of solutions for complex problems. Duties include consulting on organizational changes, job evaluations, promotions, internal equity reviews, equity adjustments, and offer recommendations.- Function as the compensation expert for client area(s). Identifies trends for client areas, acting as advisor and partner to Business Leaders. Attend industry survey matching meetings. In partnership with HRBP's, ensure roles within client area(s) are benchmarked correctly. Analyze survey results and make recommendations for salary ranges to the Director of Compensation. Where applicable, provide recommendations for any adjustments to incentive targets for client areas.- Works closely with the Director of Compensation and Executive Director of Total Well-Being to establish and maintain a globally accepted career framework and regional salary structure in order to set standards for capabilities for levels as well as establish parameters for salary decisions. Establishes annual salary ranges for assigned functional groups.- Interprets market data to develop proposals for annual Merit budget to the Director of Compensation. Partner effectively with Finance to reach consensus on Merit budget as well forecasting / costing for Long Term Incentive Program.- Participates in the system testing and administration of applications for ongoing compensation administration and the annual compensation review process. Administers system processes for the annual compensation review process. Tracks administration of compensation actions, bonus payments, and long term incentives.- Performs special projects as assigned, may include ad-hoc research, analysis and conducting surveys in order to provide guidance on current and future Compensation programs. Provides guidance and training to Sr. Compensation Analyst. As a member of the Total Well-Being Team, provide collaborative partnership to all team members.QUALIFICATIONS:Successful candidates will be able to meet the qualifications below with or without a reasonable accommodation.Education Qualifications (from an accredited college or university)- Must have a Bachelor's Degree in HR, Business Administration, Economics or a related field required- Master's Degree preferredExperience Qualifications- Must have 10+ years of professional experience within a compensation department. HR expertise strongly preferred.- Experience in job evaluation and market pricing techniques preferred- Understanding of best practice compensation programs and processes preferred- Resolving escalated compensation related issues appropriately preferred- Ability to make data-driven decisions preferred- Ability to easily communicate complex compensation related decisions preferredDaiichi Sankyo, Inc. is an equal opportunity/affirmative action employer. Qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.

Keywords: Daiichi Sankyo, Inc., Newark , Associate Director, Compensation, Executive , Basking Ridge, New Jersey