Job Description

Job Description

Right now, around 69,000 of our employees are working to cure the worlds most complex diseases. We know that our people are the key to our success, which is why our Human Resources team works to attract, develop, retain and inspire our people so that they can learn, grow and make a true impact on the world. Together we collaborate to create a culturally rich, diverse organization ensuring we remain innovative, agile and flexible.

Manage the implementation and communication of the Companys broad-based compensation strategy, plans, policies and programs to ensure alignment with overall business strategy and external peers.

Primary Responsibilities

Compensation Programs

* Participate in the design of our Companys global salary structures
* Lead the continued development, roll out and maintenance of job and salary structures
* Provide consultative support to regional Compensations teams on how to apply salary structures to local markets based on availability and reliability of country specific market data
* Proactively monitor trends and regulatory developments in the pharmaceutical and general industry that impact the Company's broad-based compensation programs
* Partner with HR Operations to understand Workday capabilities to ensure future compensation program designs can be implemented and maintained effectively
* Partner with Global Talent Acquisition to ensure recruiters have the necessary information and tools to review and extend offers to candidates
* Provide review and oversight of global salary increase budgets, coordinating with local Compensation teams
* Review and provide recommendations on global compensation program and policy changes, including terms & conditions, aligning with contemporary market practices
* Overtime, this role may provide consultation to various support functions relative to compensation-related policies, programs, processes and issues, driving timely, thoughtful and prudent solutions

Compensation Benchmarking and Competitive Analysis

* Oversee the annual benchmarking process for all employees, including executives, and the development and ongoing maintenance of salary structures, ensuring alignment with Company pay philosophy and balanced with external market competitiveness
* Manage the compensation benchmarking tool, ensuring effective utilization by the regional Compensation teams
* Review new and emerging compensation technology solutions to aid in compensation analysis and design
* Lead competitive analysis projects determining the strategy for gathering and synthesizing market and internal data, creating dynamic models to assess the impact of design decisions and developing persuasive presentations to influence key stakeholders

Special Projects

* Support special projects including due diligence and M&A support

Education

* Bachelor's degree

Required

* Minimum 8 years work experience in HR, compensation, finance, accounting or consulting (with a masters degree, 4 years relevant compensation experience required).
* Ability to collaborate in a global matrixed organization
* Strong analytical and problem-solving skills with ability to understand the business
* Strong project management, results orientation and ability to balance tactical and strategic responsibilities
* Strong written and oral communication skills

Our Support Functions deliver services and makes recommendations about ways to enhance our workplace and the experience of working at our organization. Our Support Functions include HR, Finance, Information Technology, Legal, Procurement, Administration, Facilities and Security.

Who we are

We are known as Merck & Co., Inc., Kenilworth, New Jersey, USA in the United States and Canada and MSD everywhere else. For more than a century, we have been inventing for life, bringing forward medicines and vaccines for many of the world's most challenging diseases. Today, our company continues to be at the forefront of research to deliver innovative health solutions and advance the prevention and treatment of diseases that threaten people and animals around the world.

What we look for

In a world of rapid innovation, we seek brave Inventors who want to make an Impact in all aspects of our business, enabling breakthroughs that will affect generations to come. We encourage you to bring your disruptive thinking, collaborative spirit and diverse perspective to our organization. Together we will continue Inventing For Life, Impacting Lives while Inspiring Your Career Growth.

Invent. Impact. Inspire.

NOTICE FOR INTERNAL APPLICANTS

In accordance with Managers' Policy - Job Posting and Employee Placement, all employees subject to this policy are required to have a minimum of twelve (12) months of service in current position prior to applying for open positions.

If you have been offered a separation benefits package, but have not yet reached your separation date and are offered a position within the salary and geographical parameters as set forth in the Summary Plan Description (SPD) of your separation package, then you are no longer eligible for your separation benefits package. To discuss in more detail, please contact your HRBP or Talent Acquisition Advisor.

US and Puerto Rico Residents Only:

Our company is committed to inclusion, ensuring that candidates can engage in a hiring process that exhibits their true capabilities. Please click here if you need an accommodation during the application or hiring process.
For more information about personal rights under Equal Employment Opportunity, visit:

EEOC Poster

EEOC GINA Supplement

OFCCP EEO Supplement

We are proud to be a company that embraces the value of bringing diverse, talented, and committed people together. The fastest way to breakthrough innovation is when diverse ideas come together in an inclusive environment. We encourage our colleagues to respectfully challenge one anothers thinking and approach problems collectively. We are an equal opportunity employer, committed to fostering an inclusive and diverse workplace.

Search Firm Representatives Please Read Carefully
Merck & Co., Inc., Kenilworth, NJ, USA, also known as Merck Sharp & Dohme Corp., Kenilworth, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.

Employee Status:

Regular

Relocation:

No relocation

VISA Sponsorship:

No

Travel Requirements:

10%

Flexible Work Arrangements:

Remote Work

Shift:

Valid Driving License:

Hazardous Material(s):

No

Number of Openings:

1
Requisition ID:R106962