Compensation Consultant

Role Summary

Compensation Consultant is part of the Broad-Based Compensation team with responsibility for execution and administration of the Bristol-Myers Squibb (BMS) compensation programs, including base pay, long and short-term incentives, job evaluations and pricing, allowances, and one-time payments.

Responsibilities

• Perform job evaluations and market pricing in alignment with global principles and processes.
• Review and analyze market data, market trends, and internal equity; ensure competitive positioning within the market and apply knowledge of business and industry best practice.
• Perform testing activities for annual compensation planning, system implementations, changes and ongoing enhancements.
• Conduct and participate in Annual Salary Surveys (Compensation Surveys - local & regional).
• Support the execution and delivery of Global and Regional compensation projects and programs, influencing, educating and collaborating with stakeholders for optimum execution.
• Leverage expertise in proactively understanding changes in legislation, practices and trends for our industry and markets; propose solutions/recommendations to stakeholders to drive the company's strategy.
• Own local market expertise and knowledge on how collective agreements apply to specific country locations, understand local grading structures according to the respective collective agreement; identify and implement improvements to training materials; liaise with payroll teams to ensure accurate local grading and readiness for annual mandatory increases.
• Maintain detailed process documentation for allowance plans and market-specific compensation programs and share knowledge within the team to enable accurate understanding and application of the rules, ensuring compliance with local market policies.
• Act as the local market expert for assigned EMEA markets, advising global teams on local market requirements and proactively identifying risks and formulating solutions to mitigate them through to completion.
• Escalate and research Total Rewards inquiries requiring specialized rewards knowledge or access to specific systems.
• Assist with compliance and governance of compensation plans and programs, including identifying risks, participating in audits and implementing corrective or preventive actions.
• Identify and recommend opportunities for improvements to existing systems and processes.

Qualifications

• Bachelor's degree from an accredited university/college or equivalent required
• Proven experience and expertise in Compensation
• General knowledge and understanding of HR policies, processes, employment laws and total rewards legislative requirements for the relevant region
• Demonstrated analytical abilities, attention to detail and the ability to manage multiple competing tasks and priorities
• Ability to network across a global organization to align with objectives and strategy to deliver enterprise-wide solutions

Education

• Bachelor's degree from an accredited university/college or equivalent