Manager - Compensation

Novo Nordisk; Plainsboro Township (NJ); On-site; USD 90,000 - 120,000; Full time

Job summary

Novo Nordisk is looking for a compensation professional to join its Total Rewards Center of Excellence in Plainsboro, NJ. The role involves designing compensation programs, ensuring internal equity, and analyzing market trends to develop salary budgets. Candidates should have at least 6 years of HR experience, with 3 years in compensation, and a Bachelor's degree. Strong analytical skills and proficiency in Microsoft Office are essential. The company values diversity and inclusion in its hiring process.

Qualifications

• 6+ years of progressively responsible experience within HR, preferably Total Rewards.
• 3+ years of compensation experience required, North America pharmaceutical experience preferred.
• Strong analytical and negotiation skills.

Responsibilities

• Design and implement compensation programs aligned with organizational objectives.
• Provide guidance on Total Rewards policy to HR partners.
• Evaluate market data to develop salary budgets.

Skills

Leadership skills

Analytical skills

Cross-functional team collaboration

Advanced proficiency in Microsoft Office

Compensation theory knowledge

Education

Bachelor’s degree

Advanced degree and/or CCP/GRP

Tools

Success Factors

Market Pay

SAP HR

Job description

Facility: Human Resource Management

Location: Plainsboro, NJ, US

About the Department

Imagine being a part of a team committed to helping people defeat diabetes and other serious chronic conditions. Here at Novo Nordisk, we seek out opportunities to contribute to healthier communities and better lives for all people. And, that’s what you’ll gain by joining Novo Nordisk’s People & Organization team. Our P&O team is passionate about their purpose – enabling business success the Novo Nordisk Way by turning the Company’s business strategy into an actionable workforce strategy. A strategy which captures the entire employee life-cycle. At Novo Nordisk, you will join an inclusive team of diverse talent and benefit from a range of possibilities for professional and personal development. Are you ready?

There are two positions available.

The Position

As a member of the Total Rewards Center of Excellence (CoE), design and implement the organization’s compensation programs and activities so that they meet the organization’s objectives with regards to internal equity and external market competitiveness. These programs may include job leveling; short-term, long-term and sales incentive plans; share/stock ownership plans; executive compensation; retirement, and supplemental pension plans. Liaise with functional or operational area managers to develop and implement local compensation strategies that are appropriate for their business needs, but consistent with the organization’s overall Total Rewards strategy. Analyse and evaluate external market data as well as internal data about the organization’s current employee population and future human resource needs to develop salary budgets and forecasts that are consistent with the organization’s Total Rewards strategy with a focus on pay equity. Provides guidance to HR partners on application of Total Rewards policy. As part of the global Rewards COE, assist in creation, implementation, and localization of rewards initiatives, including strategy, process, communications, and technology.

Relationships

Reports to the Vice President, Total Rewards – North America. Frequent interaction with global and local HRBPs, GPOS, Talent Acquisition, Global Rewards and Mobility, GBS teams, line of business, Ask HR, external vendors and consultants.

Essential Functions

• Applies competitive total rewards strategies and tools to attract, retain and reward employees based on analysis of compensation market trends and complete statistical studies
• Manage and support the business to run the annual recurring processes across the region
• Provides guidance to specific functional areas; analyzing market trends, completing statistical studies, and developing recommendations and action plans designed to attract, retain, and reward employees. May partner with outside consultants in developing custom surveys, when necessary
• Assist with the annual market analysis of all jobs in order to facilitate the annual compensation Plan
• Evaluate new and revised jobs using market data; assigns global job level and ensures consistency within global job architecture
• Participate as an extended team member on expansions and department restructures
• Provides advice and counsel to HRBPs and management on compensation related issues including development of job descriptions and job families; provide counsel and direction relative to promotion increases, internal transfers and new hire offers
• Participate in or lead global Total Rewards & Mobility CoE projects and other initiatives
• Ensure adherence to company policy with regards to fair & equitable pay positioning, fairness, transparency and consistency
• Actively participate in leading industry groups or advisory committees to stay current on rewards related items in the pharmaceutical industry as well as obtain or maintain certifications & credentials. Utilize knowledge to forecast and prepare for future needs of assigned functional areas

Physical Requirements

10-20% overnight travel required.

Qualifications

• Bachelor’s degree required; Advanced degree and/or CCP/GRP may be substituted for two years of relevant experience when appropriate
• A minimum of 6 years of progressively responsible experience within Human Resources, preferably within Total Rewards functions
• A minimum of 3 years of compensation experience required; North America pharmaceutical compensation experience preferred
• Ability to work cross-collaboratively in a team environment
• Advanced proficiency in Microsoft Word, Excel, Access, PowerPoint, and Outlook
• Compensation system experience preferred (i.e., Success Factors, Market Pay, SAP HR)
• Demonstrated leadership skills and cross-functional team facilitation experience
• Excellent written and verbal communication skills
• Demonstrates extensive knowledge and understanding of compensation theory, techniques, and practices Strong analytical and negotiation skills

We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.

Novo Nordisk is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, protected veteran status or any other characteristic protected by local, state or federal laws, rules or regulations.