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Senior Compensation Design Consultant

Exact Sciences

Location : Marshall, WI, US, 53559

Job Type : Full Time

Date Posted : 1 July 2024

Job Category : Computer Systems Analysts

Industry : Health Care

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Help us change lives

At Exact Sciences, we’re helping change how the world prevents, detects and guides treatment for cancer. We give patients and clinicians the clarity needed to make confident decisions when they matter most. Join our team to find a purpose-driven career, an inclusive culture, and robust benefits to support your life while you’re working to help others.

Position Overview

The Senior Compensation Design Consultant uses advanced compensation expertise to evaluate, recommend, design, implement, and administer short-term incentive compensation plans, programs, policies and procedures that support achievement of business objectives, ensuring plan designs are competitive and effective, and that documentation, communications, and reporting procedures are clear, understandable, and meet legal and regulatory requirements. Oversees the Annual Compensation Process for the Global organization in support of base pay, bonus, and equity.

This is a hybrid role based out of our Madison, WI office location. The successful candidate will work onsite 2-3 days a week.

Essential Duties

Include, but are not limited to, the following:

  • Oversees the annual compensation process including, but not limited to, project planning, timeline adherence, system testing, as well as ensuring training and communication are completed and executed in a timeline manner. Coordinates/partners with other HR SMEs, as needed, to ensure timely and smooth implementation of cycle.
  • Research, benchmark, and analyze competitive market data and best practices for short-term and other variable compensation programs, with primary focus on broad-based non-sales incentive programs.
  • Administer and continuously evaluate short-term incentive compensation programs, ensuring effectiveness and compliance with applicable regulations.
  • Lead the Company’s efforts to harmonize global non-sales short-term incentive plans.
  • Provide thought leadership on short-term incentive program design, including emphasis on pay-for-performance across various measurement units (company, group, department, team, individual, etc.).
  • Collaborate with partners and cross-functional stakeholders across total rewards, human resources, finance, legal, business unit leadership, and external vendors as necessary to resolve issues and meet business objectives.
  • Assist in preparation for and delivery of annual and quarterly bonus payout process.
  • Lead strategy and execution of compensation data analysis and reporting, ensuring high quality service delivery and stakeholder satisfaction.
  • Lead or participate in other short-term incentive-related projects and initiatives.
  • Compensation expertise, data manipulation and analysis, and well-developed consulting skills to influence decision-makers.
  • Ability to work with very limited direction and drive foundational projects to completion in a rapidly changing environment.
  • Ability to display complex data sets in a simple, straightforward manner to a variety of audiences.
  • Ability to maintain strict confidentiality with sensitive data.
  • Uphold company mission and values through accountability, innovation, integrity, quality, and teamwork.
  • Support and comply with the company’s Quality Management System policies and procedures.
  • Maintain regular and reliable attendance.
  • Ability to act with an inclusion mindset and model these behaviors for the organization.
  • Ability to work on a mobile device, tablet, or in front of a computer screen and/or perform typing for approximately 90% of a typical working day.
  • Ability to work on a computer and phone simultaneously.
  • Ability to use a telephone through a headset.
  • Ability and means to travel up to 5% between Exact Sciences locations.

Minimum Qualifications

  • Bachelor’s Degree in human resources management, industrial relations, business administration, finance, accounting, statistical analysis, social sciences, or similar discipline.
  • 10+ years of experience in compensation.
  • 5+ years of experience in short-term incentive compensation design, benchmarking and/or process administration.
  • Advanced proficiency in Microsoft Excel.
  • Demonstrated ability to perform the essential duties of the position with or without accommodation.
  • Authorization to work in the United States without sponsorship.

Preferred Qualifications

  • 12+ years of compensation experience.
  • 7+ years of experience in short-term incentive design and benchmarking in a global, publicly-traded organization.
  • Experience analyzing and integrating short-term incentive programs following mergers, acquisitions, and divestures.
  • Experience with Payfactors or similar compensation survey management technologies.
  • Experience with Tableau or similar data visualization software.
  • Experience with Workday Advanced Compensation.
  • Strong systems thinking, process improvement orientation, detail orientation, business acumen, and analytical skills.
  • Ability to quickly absorb and analyze complex information from a variety of sources to propose and execute solutions to business problems.
  • Certified Compensation Professional (CCP) designation.
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Salary Range:

$129,000.00 - $208,000.00

The annual base salary shown is for this position located in US - WI - Madison on a full-time basis. In addition, this position is bonus eligible, and is eligible to receive company stock upon hire as well as annually.

Exact Sciences is proud to offer an employee experience that includes paid time off (including days for vacation, holidays, volunteering, and personal time), paid leave for parents and caregivers, a retirement savings plan, wellness support, and health benefits including medical, prescription drug, dental, and vision coverage. Learn more about our benefits.

Our success relies on the experiences and perspectives of a diverse team, and Exact Sciences fosters a culture where all employees can develop personally and professionally with a sense of respect and belonging. If you require an accommodation, please contact us here

Not ready to apply? Join our talent community and stay up to date on what’s new at Exact Sciences.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to age, color, creed, disability, gender identity, national origin, protected veteran status, race, religion, sex, sexual orientation, and any other status protected by applicable local, state, or federal law. Any applicant or employee may request to view applicable portions of the company’s affirmative action program.

To view the Right to Work, E-Verify Employer, and Pay Transparency notices and Federal, Federal Contractor, and State employment law posters, visit our compliance hub. The documents summarize important details of the law and provide key points that you have a right to know.

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