Senior Compensation Analyst
Company: Daiichi Sankyo, Inc.
Location: Basking Ridge
Posted on: January 24, 2023
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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.SUMMARYThis role focuses on
delivering the company-wide total well-being strategy to drive an
excellent employee experience to enable our people to bring their
very best to serve patients.Serves as the analytical backbone of
the Compensation Team. Responsible for the integrity of external
market data and the smooth operation of the annual compensation
planning process. Provides analytical support to the Compensation
Team.RESPONSIBILITIESProject manages the annual compensation review
process. Develops related training and communication. In
partnership with HR Systems & People Analytics Team, may perform
user acceptance testing on system enhancements to the application.
Ensures adherence to overall project timeline.Accountable for the
salary survey submission process. Tracks surveys and due dates.
Prepares compensation profile, position matches and data
compilation for salary survey submission. Maintains employee and
survey data in the MarketPay online market-pricing application.
Accountable for annual market pricing process, updating levels and
upload into Workday. May analyze salary survey results to assess
market competitiveness, and effectiveness of pay related
programs.Serve as the team expert on the MarketPay online
market-pricing application. Creates best practices on usage of the
tool and shares with the team. Provides assistance to other members
of the Compensation Team on effective utilization of the tool for
meaningful analytics.Administers the Arigato Recognition Program
and Service Award Program. Develops budget and budget allocation
methodology. Serve as Workplace Solutions point of contact as they
administer and track point budget within the program as well as the
financial spend for the core program and special projects with
Finance and Accounting. Acts as a thought leader on recognition
topics, offering timely communication and training on the strategic
use of recognition. Maintains a high level of customer service in
response to participant issues with the program. Manages the vendor
to ensure participant satisfaction.Build & communicate annual
Compensation calendar. Partner with the Compensation Team to
organize key projects and milestones throughout the year. Partners
with Benefits and Employee Experience & Engagement to determine any
overlaps and leverage synergies.As requested, conducts market
analysis for individual employees/teams and develops
recommendations for pay adjustments, promotional or developmental
increases, and hiring ranges. May work with Talent Acquisition to
develop candidate offers.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.Ability to partner effectively within the Total Well-Being
Team and provide cross functional support / expertise to the
Benefits and Employee Experience & Engagement Teams as
neededQUALIFICATIONSSuccessful candidates will be able to meet the
qualifications below with or without a reasonable accommodation.BS
Degree in Human Resources Management or a relevant discipline
required.MBA strongly preferredA minimum of 4 years of professional
experience in the following compensation areas:compensation or
financial analysis, or other related experience.Knowledge of job
evaluation techniques, including market-pricing
methodology.Familiarity with Workday Compensation Module and
MarketPay market pricing toolAbility to manage projects of varying
complexityCORE COMPETENCIES REQUIREDGlobal Values & Core Behaviors:
Accountability, Integrity, Innovation, Develop & Grow, Collaborate
& Trust, Be Inclusive & Embrace Diversity.High degree of integrity
/ confidentialityCurious, inquisitiveBasic knowledge and experience
of compensation theory and practice; including market pricing;
incentive design, etc.Learning agility/ability to learn the
businessDeveloping Influencing / Consulting skillsDeveloping
comfort in navigating ambiguityAttention to detailHighly analytic;
ability to leverage and analyze dataLearning to simplify the
complexBasic presentation creation and presentation skillsVerbal
and written communicationCollaboration / partneringProject
ManagementStrong Excel skills, experience with MarketPay and
WorkdayDaiichi 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 , Senior Compensation Analyst, Professions , Basking Ridge, New Jersey
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