Manager Executive Compensation at CVS Health

Hartford, Connecticut, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

5-7 years of related compensation experience
Bachelor's degree preferred/specialized training/relevant professional qualification
Adept at problem solving and decision making skills
Adept at collaboration and teamwork
Adept at growth mindset (agility and developing yourself and others) skills
Adept at execution and delivery (planning, delivering, and supporting) skills
Executive Compensation experience (preferred)

Responsibilities

Manages the design of compensation structures and programs that reflect industry standards and competitive market practices in order to develop and retain talent
Develops complex compensation models and analysis to plan for executives
Forecasts compensation data to ensure fair pay across different job roles and demographic groups, addressing any disparities that may exist in order to ensure fairness and mitigate legal or reputational risks
Conducts routine market research and analysis to understand industry trends and benchmark the organization's compensation programs against others
Helps establish and implement alignment of compensation and benefits strategies and communicating total rewards packages effectively to employees
Develops, implements, and administers compensation such as salaries, short- and long-term incentives, job evaluations, salary increases and salary surveys
May provide services and project management in other specialized areas of compensation such as deferred compensation, equity administration, and perquisites
May play a role in preparing Compensation Committee of the Board materials and the company's annual proxy statement

Skills

Executive Compensation

Compensation Design

Salary Surveys

Incentive Programs

Job Evaluation

Market Analysis

Benchmarking

Compensation Modeling

Proxy Statement

Compensation Committee

Total Rewards

Equity Administration

CVS Health

Comprehensive pharmacy and healthcare services

About CVS Health

CVS Health operates a large network of retail pharmacies and walk-in medical clinics across the United States, providing a variety of health-related products and services. Their offerings include prescription medications, over-the-counter health products, and beauty items, as well as pharmacy benefits management and specialty pharmacy services. CVS Health's integrated business model allows them to serve individual consumers, businesses, and communities effectively, with a focus on improving health outcomes and reducing healthcare costs. Unlike many competitors, CVS Health combines pharmacy services with medical care, making it easier for patients to access quality healthcare. The company's goal is to enhance access to healthcare and support individuals in achieving better health.

Woonsocket, Rhode IslandHeadquarters

1963Year Founded

DEBTCompany Stage

Healthcare, Consumer GoodsIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Company Equity

Wellness Program

Professional Development Budget

Paid Vacation

Paid Holidays

Risks

Legal challenges related to opioid prescriptions could harm CVS's reputation and finances.

The DOJ's intervention in a whistleblower lawsuit may increase legal costs for CVS.

The Horizon Organic Milk recall exposes potential vulnerabilities in CVS's supply chain.

Differentiation

CVS Health operates over 9,600 retail pharmacies and 1,100 walk-in clinics nationwide.

The company integrates pharmacy benefits management with specialty pharmacy services for comprehensive care.

CVS Health offers tailored medication plans through personalized medicine and pharmacogenomics.

Upsides

Expansion of telehealth services allows CVS to reach more patients remotely.

Increased consumer interest in wellness boosts demand for CVS's health-related products.

The trend towards value-based care aligns with CVS's integrated healthcare approach.

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