CVS Health Lead Director, Sales Compensation Plan Design and Strategy Woonsocket , Rhode Island Apply Now Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand with heart at its center our purpose sends a personal message that how we deliver our services is just as important as what we deliver. Our Heart At Work Behaviors support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.Position Summary:As the Lead Director of Sales Compensation Plan Design and Strategy, you will directly lead sales compensation plan design and strategy across multiple assigned businesses. This entails leading compensation committees for various businesses to make recommendations of changes to existing sales compensation programs as well as recommendations of the design for new programs as needed. Compensation committees typically include representation from sales leadership, finance, human resources, compensation, and this role will be the key member leading the committee, facilitating meetings, and ultimately making compensation program recommendations for senior leadership to approve. Most of these design processes are annual, but various businesses have different timing. There is also occasional design work that is off-cycle, including reviewing requests to update policies, exception requests, and more.You will accomplish this through:20% of time focused on compensation committee meeting planning this includes scheduling, creating agendas, meeting materials and other supporting documentation.20% of time focused on actual facilitation of compensation committee meetings this means the actual running of the meetings including facilitating compensation design30% of time focused on compensation design and modeling for compensation committee meetings. This includes brainstorming solutions to compensation challenges, gathering data, and modeling options.30% of time focused on direct participation in various off-cycle comp design needs that come up including development/evaluation of contests and spiffs, reviewing comp plan exception requests, and policy development related to comp designs. These often require many of the same forms of work as mentioned above including coming up with recommendations, modeling, etc. Depending on the scope of the decision, sometimes this role would unilaterally make the design decision, others may require review and approval by comp committees, and major scope decisions may require senior leadership approvals.The contributions you will make as a Lead Director of Sales Compensation Plan Design and Strategy will also include leadership budgetary duties and within the following scope:50 to 75 unique comp plans per person in role$40m to $90m in SIC budget per person in role400-800 payees per person in roleDecisions led that typically have cost implications of several million dollarsRequired Qualifications:At least 10 years of overall relevant experience with strong knowledge of: sales compensation best practices, general compensation best practices, and sales operating modelsAt least 5 years in financial modelingStrong written and verbal communication skillsStrong presentation skills to be comfortable presenting to SVP level and above leadersProven ability to manage good business relationship, lead comp committees, and navigate disagreement as needed with other committee members who are frequently VP level and aboveWillingness to travel; up to 10% (including airplane)Preferred Qualifications:Knowledge of Sales Incentive Compensation Administration Software Tools such as Callidus, Varicent and XactlyPeople management to manage and coach others that will also be participating in sales compensation design or administration processesEducation:Bachelors Degree or equivalent work experience; advanced degree is a plusPay RangeThe typical pay range for this role is:$100,000.00 - $231,500.00This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the companys equity award program. In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Companys 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (PTO) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies. For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefitsWe anticipate the application window for this opening will close on: 05/13/2024#J-18808-Ljbffr

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