Compensation Consultant
Bristol Myers Squibb
Working with Us
Challenging. Meaningful. Life-changing. Those aren’t words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the lives of patients, and the careers of those who do it. You’ll get the chance to grow and thrive through opportunities uncommon in scale and scope, alongside high-achieving teams. Take your career farther than you thought possible.
Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives. Read more: careers.bms.com/working-with-us.
Compensation Consultant
This position will be part of the Broad-Based Compensation team and has responsibility for execution and administration of the Bristol-Myers Squibb (BMS) compensation programs. This includes, but is not limited to, compensation including base pay, long and short-term incentives, job evaluations and pricing, allowances, and one-time payments.
Detailed Position Responsibilities
Perform job evaluations and market pricing in alignment with global principles and processes.
Responsible for review and analysis of 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 the stakeholders for optimum execution.
Leverage expertise in proactively understanding changes in legislation, practices and trends for our industry and markets; proposes 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, understanding local grading structures according to the respective collective agreement. Identify and implement improvements to training materials utilized by other teams on local grading and liaise with payroll teams to conduct reconciliations ensuring we have accurate local grading and ensuring readiness for annual mandatory increase processes.
allowance plans and market specific compensation programs, ensuring detailed process documentation is prepared and maintained and that knowledge is shared 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 any local market requirements as well as proactively identifying any potential risks and formulate solutions to mitigate risks identified seeing solutions through to completion.
Act as escalation point to research and resolve Total Rewards inquiries that need 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 recommending and delivering 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 successfully manage multiple competing tasks and priorities.
Ability to network across a global organization to align with organization objectives and strategy to operationalize and deliver enterprise-wide solutions.
#LI-Hybrid
If you come across a role that intrigues you but doesn’t perfectly line up with your resume, we encourage you to apply anyway. You could be one step away from work that will transform your life and career.
Compensation Overview:
The starting compensation range(s) for this role are listed above for a full-time employee (FTE) basis. Additional incentive cash and stock opportunities (based on eligibility) may be available. The starting pay rate takes into account characteristics of the job, such as required skills, where the job is performed, the employee’s work schedule, job-related knowledge, and experience. Final, individual compensation will be decided based on demonstrated experience.
Eligibility for specific benefits listed on our careers site may vary based on the job and location. For more on benefits, please visit https://careers.bms.com/life-at-bms/.
Benefit offerings are subject to the terms and conditions of the applicable plans then in effect and may include the following: Medical, pharmacy, dental and vision care. Wellbeing support such as the BMS Living Life Better program and employee assistance programs (EAP). Financial well-being resources and a 401(K). Financial protection benefits such as short- and long-term disability, life insurance, supplemental health insurance, business travel protection and survivor support. Work-life programs include paid national holidays and optional holidays, Global Shutdown Days between Christmas and New Year’s holiday, up to 120 hours of paid vacation, up to two (2) paid days to volunteer, sick time off, and summer hours flexibility. Parental, caregiver, bereavement, and military leave. Family care services such as adoption and surrogacy reimbursement, fertility/infertility benefits, support for traveling mothers, and child, elder and pet care resources. Other perks like tuition reimbursement and a recognition program.
Uniquely Interesting Work, Life-changing Careers
With a single vision as inspiring as “Transforming patients’ lives through science™ ”, every BMS employee plays an integral role in work that goes far beyond ordinary. Each of us is empowered to apply our individual talents and unique perspectives in a supportive culture, promoting global participation in clinical trials, while our shared values of passion, innovation, urgency, accountability, inclusion and integrity bring out the highest potential of each of our colleagues.
On-site Protocol
BMS has an occupancy structure that determines where an employee is required to conduct their work. This structure includes site-essential, site-by-design, field-based and remote-by-design jobs. The occupancy type that you are assigned is determined by the nature and responsibilities of your role:
Site-essential roles require 100% of shifts onsite at your assigned facility. Site-by-design roles may be eligible for a hybrid work model with at least 50% onsite at your assigned facility. For these roles, onsite presence is considered an essential job function and is critical to collaboration, innovation, productivity, and a positive Company culture. For field-based and remote-by-design roles the ability to physically travel to visit customers, patients or business partners and to attend meetings on behalf of BMS as directed is an essential job function.
BMS is dedicated to ensuring that people with disabilities can excel through a transparent recruitment process, reasonable workplace accommodations/adjustments and ongoing support in their roles. Applicants can request a reasonable workplace accommodation/adjustment prior to accepting a job offer. If you require reasonable accommodations/adjustments in completing this application, or in any part of the recruitment process, direct your inquiries to adastaffingsupport@bms.com. Visit careers.bms.com/eeo-accessibility to access our complete Equal Employment Opportunity statement.
BMS cares about your well-being and the well-being of our staff, customers, patients, and communities. As a result, the Company strongly recommends that all employees be fully vaccinated for Covid-19 and keep up to date with Covid-19 boosters.
BMS will consider for employment qualified applicants with arrest and conviction records, pursuant to applicable laws in your area.
If you live in or expect to work from Los Angeles County if hired for this position, please visit this page for important additional information: https://careers.bms.com/california-residents/
Any data processed in connection with role applications will be treated in accordance with applicable data privacy policies and regulations.
