Director, Global Compensation
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Job Location:
Northridge, CA - USA
Monthly Salary:
$ 178400 - 267600
Posted on:
5 hours ago
Vacancies:
1 Vacancy
Job Summary
At Medtronic you can begin a life-long career of exploration and innovation while helping champion healthcare access and equity for all. Youll lead with purpose breaking down barriers to innovation in a more connected compassionate world.
A Day in the Life
The Director Global Compensation is responsible for developing implementing and managing comprehensive compensation strategies and programs that support the organizations business objectives and talent needs worldwide. This role will lead the design and execution of global compensation frameworks including base pay short-term incentives (STI) sales compensation and executive compensation. The Director will partner closely with the Head of Total Rewards HRBP business leaders and external advisors to ensure competitive equitable and compliant practices across all regions.This position is an exciting opportunity to work with Medtronics Diabetes business. Medtronic has announced its intention to separate the Diabetes division to promote future growth and innovation within the business and reallocate investments and resources across Medtronic subject to applicable information and consultation requirements. This separation provides our team with a bold opportunity to unleash our potential enabling us to operate with greater speed and agility. As a separate entity we anticipate leveraging increased investments to drive meaningful innovation and enhance our impact on patient care.
Key Responsibilities:
Lead the development implementation and governance of global compensation programs ensuring alignment with business strategy and market best practices.
Oversee the design administration and communication of short-term incentive (STI) plans including eligibility performance metrics and payout processes.
Develop and manage sales compensation programs in partnership with Finance that drive performance and support business growth ensuring alignment with sales strategies and market competitiveness.
Provide support for executive compensation programs including base salary annual and long-term incentives and equity-based compensation (in partnership with the Equity Manager) ensuring compliance with regulatory requirements and alignment with shareholder interests.
Provide expert consultation and guidance to HR business partners and senior leaders on compensation-related matters including market analysis job evaluation and pay equity.
Monitor global compensation trends regulatory changes and industry best practices to inform program design and ensure ongoing competitiveness and compliance.
Lead the annual compensation review process including salary planning incentive calculations and compensation-related communications.
Collaborate with Finance Legal and external consultants to ensure effective governance reporting and compliance for all compensation programs.
Analyze compensation data and prepare reports and presentations for senior leadership and the Board of Directors as needed.
Support global M&A activities and integration efforts from a compensation perspective.
Manage and develop a high-performing compensation team.
Minimum Qualifications:
Bachelors degree with 10 years of progressive compensation experience including global program design and management or an advanced degree with 8 years of progressive compensation experience including global program design and addition 7 years of management experience is required.
Preferred Qualifications:
Masters degree or relevant certification (e.g. CCP) preferred.
Demonstrated expertise in short-term incentive sales compensation and executive compensation for public companies.
Strong analytical project management and problem-solving skills.
Excellent communication and stakeholder management abilities with experience influencing senior leadership.
In-depth knowledge of global compensation regulations and market practices.
Experience working in a large matrixed multinational environment preferred.
Physical Job Requirements
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position but they are not an exhaustive list of all the required responsibilities and skills of this position.
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job the employee is regularly required to be independently mobile. The employee is also required to interact with a computer and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.
Benefits & Compensation
Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits resources and competitive compensation plans designed to support you at every career and life stage.
The following benefits and additional compensation are available to those regular employees who work 20 hours per week: Health Dental and vision insuranceHealth Savings AccountHealthcare Flexible Spending AccountLife insurance Long-term disability leaveDependent daycare spending accountTuition assistance/reimbursement andSimple Steps (global well-being program).
The following benefits and additional compensation are available to all regular employees:Incentive plans 401(k) plan plus employer contribution and matchShort-term disabilityPaid time offPaid holidaysEmployee Stock Purchase PlanEmployee Assistance ProgramNon-qualified Retirement Plan Supplement (subject to IRS earning minimums) andCapital Accumulation Plan (available to Vice Presidents and above or subject to IRS earning minimums).
Regular employees are those who are not temporary such as interns. Temporary employees are eligible for paid sick time as required under applicable state law and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.
Further details are available at the link below:
Medtronic benefits and compensation plans
About Medtronic
We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission to alleviate pain restore health and extend life unites a global team of 95000 passionate people.
We are engineers at heart putting ambitious ideas to work to generate real solutions for real people. From the R&D lab to the factory floor to the conference room every one of us experiments creates builds improves and solves. We have the talent diverse perspectives and guts to engineer the extraordinary.
Learn more about our business mission and our commitment to diversity here.
It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age color national origin citizenship status physical or mental disability race religion creed gender sex sexual orientation gender identity and/or expression genetic information marital status status with regard to public assistance veteran status or any other characteristic protected by federal state or local addition Medtronic will provide reasonable accommodations for qualified individuals with disabilities.
If you are applying to perform work for Medtronic Inc. (Medtronic) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County you can findhere a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Required Experience:
Director
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About Company
About Medtronic Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an excit ... View more
