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At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

CVS Health is seeking a dynamic and experienced ‘Sr Manager Compensation’ to support business segments in our Pharmacy and Consumer Wellness group.

As a Compensation Senior Manager, you are responsible for the design, implementation, and administration of compensation programs that align with the organization’s strategic goals that help to attract, retain and motivate talent. This role ensures competitive and equitable pay practices, evaluates jobs, provides Compensation support to business objectives, and complies with all legal and compliance requirements.

Business group support includes but is not limited to, Distribution Centers, Supply Chain, Marketing, Pharmacy Profitability, Omnicare. This role, from time to time, may also provide support in International Compensation, Sales Compensation, and other specialized areas. As a dynamic compensation professional, you will regularly conduct routine market research and analysis to understand industry trends and benchmark the organization's compensation programs against others.

The contributions you will make as a Compensation Senior Manager, will help build and maintain knowledge of our pay practices and help to create materials that will be used educate, influence and train leaders, recruiters and HR business partners on the Company pay philosophy.

Key Responsibilities:

+ Develop and execute compensation strategies that support business goals.

+ Build relationships with key HR Business Partners and leaders to deliver innovative compensation guidance and solutions.

+ Lead compensation projects and initiatives.

+ Advise, influence, and educate on various compensation strategy and programs with minimal direction.

+ Evaluates jobs, delivers compensation advice on job evaluations and pay recommendations as appropriate.

+ Responsible for conducting market analysis and compensation surveys.

+ Partners across functions to lead compensation projects of complexity.

+ Supports the year-end compensation planning process for merit, bonus, and LTI for assigned groups.

+ Designs cost models and analytics to aid senior management in decision-making, coordinates implementations and provides mentorship to internal partners.

+ Ensure compliance with federal, state, and local compensation laws.

+ Collaborate with HRIS and IT teams to enhance compensation systems.

+ Prioritize team resources and manage multiple projects with tight deadlines with minimal direction.

+ Provide expert consultation on a variety of Compensation matters and components.

+ Excellent oral and written communication skills including the ability to develop effective presentations using insights and data to effectively communicate key messages

Required Qualifications

+ 7+ years in Compensation

+ Willingness to perform minimal travel (including air plane)

Preferred Qualifications

CCP (Certified Compensation Professional)

SHRM-SCP, SPHR or equivalent

Business support experience with:

+ Strong analytical and problem-solving skills

+ Proficiency in Excel and HRIS systems (e.g., Workday)

+ Knowledge of compensation laws and best practices

+ Ability to manage ambiguity and drive results in a matrixed environment

+ Ability to handle multiple priorities with a sense of urgency

+ Experience with unions a plus

+ Ability to analyze data with a high level of accuracy and consistency

+ Demonstrated confidence in presenting information to HR and management

+ Proven ability to manage cross-functional projects and influence senior stakeholders

Education

Bachelor’s degree in human resources, business, finance, or related field and/or equivalent experience required

Pay Range

The typical pay range for this role is:

$82,940.00 - $182,549.00

This 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 company’s equity award program.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits – investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

+ **Affordable medical plan options,** a **401(k) plan** (including matching company contributions), and an **employee stock purchase plan** .

+ **No-cost programs for all colleagues** including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.

+ **Benefit solutions that address the different needs and preferences of our colleagues** including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit https://jobs.cvshealth.com/us/en/benefits

We anticipate the application window for this opening will close on: 07/29/2025

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.

We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.