Compensation Manager – Pay Transparency & Incentives

Reporting to the VP International Total Rewards, the Compensation Manager – Pay Transparency & Incentives will support/lead the development and evaluation of global and European pay equity strategies, that ensure fair, equitable, and competitive pay across all international markets. This role also oversees the governance of international incentives, and partners with HR, Legal, Finance, broader International TR team to ensure compliance, alignment and ensures timely, high-quality delivery of priorities.

Responsibilities

• Support the VP of International Total Rewards in delivering the EU Pay transparency strategy

• Contribute to the development of the international local bonus plan re-design and implementation

• Key role in the execution of the annual compensation planning and bonus processes

• Manage participation in external compensation surveys, analyzing results to inform our compensation strategy and pay positioning

• Develop reporting and dashboards to deliver data-driven insights that inform our compensation strategy

• Deliver on statutory and internal reporting requirements, such as UK Gender Pay Gap Reporting

• Collaborate with, and provide support and guidance to, our HR Business Partnering teams on international bonus policies and processes

• Ensure accuracy and upkeep of compensation data in Workday Prism for Local Incentives

• Collaborate across International TR team and HRSS

Education and Work Experience

• Bachelor’s degree in HR, Finance, Economics, or related field;

• 5–10+ years of global compensation experience, with demonstrated expertise in pay equity and incentive design.

• Strong analytical skills with experience in statistical analysis, regression modeling, and compensation analytics tools.

• Familiarity with global pay regulations and pay transparency laws.

• Previous experience in a Total Rewards Manager or Compensation Manager role

• Previous experience working with job evaluation methodologies, ideally Mercer IPE

• Previous experience working with compensation surveys, WTW, Mercer and Radford

Skills and Knowledge

• Experience with HRIS and compensation systems (Workday, SAP SuccessFactors, or similar).

• Excellent communication and stakeholder management skills across multiple cultures and regions.

• Ability to work in a fast-paced, evolving global environment.

• Analytically minded and detail-oriented

• Strong Excel skills

• Works well independently and as part of a team

• An understanding of the EU Pay Transparency Directive

• Previous experience working in a growing or evolving Total Rewards function is highly desirable

• Previous experience using Workday and the Advanced Compensation module is highly desirable

What Cencora offers

We provide compensation, benefits, and resources that enable a highly inclusive culture and support our team members’ ability to live with purpose every day. In addition to traditional offerings like medical, dental, and vision care, we also provide a comprehensive suite of benefits that focus on the physical, emotional, financial, and social aspects of wellness. This encompasses support for working families, which may include backup dependent care, adoption assistance, infertility coverage, family building support, behavioral health solutions, paid parental leave, and paid caregiver leave. To encourage your personal growth, we also offer a variety of training programs, professional development resources, and opportunities to participate in mentorship programs, employee resource groups, volunteer activities, and much more. For details, visit https://www.virtualfairhub.com/cencora

Full time

Equal Employment Opportunity

Cencora is committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, age, disability, veteran status or membership in any other class protected by federal, state or local law.

The company’s continued success depends on the full and effective utilization of qualified individuals. Therefore, harassment is prohibited and all matters related to recruiting, training, compensation, benefits, promotions and transfers comply with equal opportunity principles and are non-discriminatory.

Cencora is committed to providing reasonable accommodations to individuals with disabilities during the employment process which are consistent with legal requirements. If you wish to request an accommodation while seeking employment, please call 888.692.2272 or email hrsc@cencora.com. We will make accommodation determinations on a request-by-request basis. Messages and emails regarding anything other than accommodations requests will not be returned

Affiliated Companies

Affiliated Companies: AmerisourceBergen Services Corporation