A night shot of Walgreens near the historic Chicago Theater.

Principal, Compensation

Address: 102 WILMOT RD,DEERFIELD,IL,60015-05104-01102-2

Job ID 1543938BR

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Job Summary :

Walgreens is seeking a strategic and analytical Principal Compensation Consultant to join our team in support of the Technology organization. In this role, you will design, implement, and manage compensation programs that align with organizational goals for the Technology function. Your expertise will help ensure competitive, equitable, and regulatory-compliant pay practices that attract and retain top talent. In addition:

Compensation Strategy and Design
- Develop and manage competitive salary and total compensation structures that align with the company’s business objectives.
- Provide expert guidance on job evaluation, market benchmarking, and internal equity analysis.
Consultation and Collaboration
- Partner with HR Business Partners, Talent Acquisition, and senior leaders to provide insights and recommendations on compensation strategies.
- Advise on compensation matters during organizational changes, such as mergers, acquisitions, and reorganizations.
Market Analysis and Benchmarking
- Conduct market research and analysis to maintain competitive positioning in various labor markets.
- Participate in and analyze compensation surveys to ensure alignment with industry standards.
Project Management
- Lead or contribute to complex ad-hoc compensation projects and initiatives key across the organization, such as annual salary reviews, incentive plan evaluations, and system implementations.
- Manage timelines, resources, and stakeholder communication to ensure successful project delivery.
- Manage. Projects may include company-wide pay reviews or change to the pay structures.
Process Improvement and Standardization
- Evaluate existing compensation processes and identify opportunities to establish or enhance standardized procedures.
- Design and implement scalable, repeatable workflows to improve consistency, accuracy, and efficiency in compensation operations.
Data Analysis and Reporting
- Provide data-driven insights to influence decision-making.
- Prepare and present reports on compensation trends, risks, and opportunities to senior leadership.
Regulatory Compliance and Governance
- Ensure compliance with applicable labor laws, regulations, and internal policies.
- Support annual pay equity reviews and reporting to maintain equitable and inclusive pay practices.

Job Responsibilities

Provides advanced guidance and counsel to business leaders, Human Resources Business Partners, and team members on all aspects of compensation, rewards, and organizational design.
Functions as a subject matter expert on compensation, including job design, job documentation, job evaluation, salary program development and appropriate federal/state/local laws on all aspects of pay.
Provides guidance and counsel to other professionals within HR to expand the Compensation knowledge base and competency of team members.
Develops, fosters, leads, and enhances the customer service, product and service delivery of enterprise-wide and divisional compensation programs to ensure that customer needs are met within appropriate timelines.
Leads or is solely responsible for all job evaluation activities associated with major division/department reviews, reorganizations and/or mergers, acquisitions, and divestitures. Proactively provides alternative organizational design constructs to optimize the business’ operational performance and deliverables, eliminates waste, and streamlines business performance and outcomes.
Manages complex ad-hoc compensation projects and initiatives. Projects may include company-wide pay reviews or change to the pay structures.
Keep current in all aspects of compensation through formal and informal training, participation in local and national professional organizations, continues learning and reading, and general professional curiosity.
Represents compensation in cross-functional teams as a subject matter expert of compensation and rewards.
Develops, implements, and validates processes and systems to enhance the compliance and accuracy of all aspects of the job evaluation process.
Coaches and counsels HRBPs, TA team members, and others within the Human Resources division on all aspects of the Walgreens’ reward philosophy, market pricing, internal equity, job evaluation, broadband structure, salary program design and administration, job titling and all other aspects of compensation to ensure that Walgreens is able to effectively recruit and retain top-tier talent. Understands the business organization structure and culture to best attain objectives and results.
Develops, analyzes, and makes recommendations for compensation programs in support of specific business units within the Company to ensure they are competitive within the market, position, and industry. May meet with senior level executives to present programs, answer questions, and gain approval of compensation programs.
Leads the conducting or completing of compensation analysis and reporting needed for internal or external audit or compliance or regulatory requirements.
Leads in the enhancement of the compensation aspect in HR information systems such as Rate and Status, Organizational Hierarchy, Rate Sheet application, Pay Review and Reward to ensure delivery on strategies and initiatives.

About Walgreens
Founded in 1901, Walgreens (www.walgreens.com) has a storied heritage of caring for communities for generations, and proudly serves nearly 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S. and Puerto Rico, and leading omni-channel platforms. Walgreens has approximately 220,000 team members, including nearly 90,000 healthcare service providers, and is committed to being the first choice for retail pharmacy and health services, building trusted relationships that create healthier futures for customers, patients, team members and communities.

Walgreens is the flagship U.S. brand of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), an integrated healthcare, pharmacy and retail leader. Its retail locations are a critical point of access and convenience in thousands of communities, with Walgreens pharmacists playing a greater role as part of the healthcare system and patients’ care teams than ever before. Walgreens Specialty Pharmacy provides critical care and pharmacy services to millions of patients with rare disease states and complex, chronic conditions.

Basic Qualifications

Bachelor’s Degree and at least 2 years of compensation experience; OR High School Diploma or GED and at least 5 years of compensation experience.
Experience with confidentiality requirements associated with the practice of Human Resources, in general, and Compensation, specifically.
At least 2 years of experience working with and applying compensation techniques, job evaluation, salary survey practices and methodologies, salary program development, job documentation, the elements of total rewards, and career ladder concepts.
Experience applying the principles of the Fair Labor Standards Act and its applicability to the job evaluation process.
Intermediate level skill in Microsoft Word (for example: inserting headers, page breaks, page numbers and tables and/or adjusting table columns).
Advanced level skill in Microsoft Excel (for example: using AVERAGE function, merging and centering cells, printing centered page and/or creating a pivot table).
Intermediate level skill in Microsoft PowerPoint (for example: applying a theme, formatting character spacing, inserting a picture, changing slide layout and theme colors, adding transitions, customizing slide numbers, changing chart style and/or formatting font).
At least 1 year of direct leadership, indirect leadership and/ or cross-functional team leadership.
Willing to travel up to 10% of the time for business purposes (within state and out of state).

Preferred Qualifications

Bachelor's Degree in a related field such as Human Resources or Business Administration and at least 4 years of compensation experience.
Master’s Degree / MBA.
Experience in Human Resources outside of Compensation such as working as a generalist, business partner, or in benefits, recruiting, talent development, HRIS, or other HR function.
Experience with incentive compensation plan designs, development, deployment, and measurement.
Experience with maintaining, administering or using compensation systems, such as REWARD/PayReview, and knowledge of HRIS analytics as they pertain to compensation functions.
Experience evaluating information to determine compliance with standards, laws, and regulations.
Certified Compensation Professional (CCP) as granted by World at Work.

Experience:
- Expertise in developing and managing compensation structures, programs, and policies.
- Proven experience with market data tools (e.g., Radford, Mercer, or Willis Towers Watson).
Skills and Abilities:
- Strong analytical, problem-solving, and critical-thinking skills.
- Proficient in HRIS systems and advanced Excel (e.g., pivot tables, VLOOKUPs, and data modeling).
- Exceptional communication and presentation skills, with the ability to influence stakeholders at all levels.
- Strong process-oriented mindset with an aptitude for developing frameworks that ensure operational rigor and quality control.
- Strong knowledge of federal and state labor laws, including FLSA, EEO, and pay equity regulations.
- Ability to manage multiple priorities and deadlines in a fast-paced environment.

We will consider employment of qualified applicants with arrest and conviction records.

Salary Range$102800 - $164400 / Salaried

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