Compensation Consultant Finance, IT, Legal, Strategy, HR

Thank you for your interest in working for our Company. Recruiting the right talent is crucial to our goals. On April 1, 2024, 3M Healthcare underwent a corporate spin-off leading to the creation of a new company named Solventum. We are still in the process of updating our Careers Page and applicant documents, which currently have 3M branding. Please bear with us. In the interim, our Privacy Policy here: https://www.solventum.com/en-us/home/legal/website-privacy-statement/applicant-privacy/ continues to apply to any personal information you submit, and the 3M-branded positions listed on our Careers Page are for Solventum positions. As it was with 3M, at Solventum all qualified applicants will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Job Description:

Compensation Consultant, Finance, IT, Legal, Strategy, HR

3M Health Care is now Solventum

At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers’ toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.

We partner closely with the brightest minds in healthcare to ensure that every solution we create melds the latest technology with compassion and empathy. Because at Solventum, we never stop solving for you.

The Impact You’ll Make in this Role
As a Compensation Consultant for the Finance, IT, Legal, Strategy and HR Functions, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world. Here, you will make an impact by:

• Leading the process of evaluating jobs within the business to ensure roles are properly classified. Conducting salary market pricing analysis to ensure competitive compensation.
• Serving as a trusted advisor to HR colleagues and leadership, providing consultation and solutions on a wide range of compensation-related issues, including compensation structures, salary increases, promotions, and pay equity.
• Designing and delivering compensation training and educational resources to business leaders and HR teams, ensuring they have a solid understanding of compensation structures, processes and policies.
• Providing guidance on recognition and retention programs.
• Owning and/or supporting various compensation processes across the organization, such as annual compensation planning, salary benchmarking, incentive program management, compensation communications, pay equity and other key compensation initiatives, ensuring consistency and alignment with business objectives.
• Acting as liaison between business units and the central compensation team, ensuring seamless communication, accurate data flow, and alignment of compensation strategies with business needs.
• Collaborating with internal partners such as other areas of HR, IT, Legal, Finance, and Sourcing on projects, processes and issue resolution.
• Support compensation transformation initiatives as required.

Your Skills and Expertise 

To set you up for success in this role from day one, Solventum requires (at a minimum) the following qualifications:

• Bachelor’s degree or higher AND eight (8) years of global compensation experience in a private, public, government, or military environment

OR

• High School Diploma/GED AND twelve (12) years of global compensation experience in a private, public, government, or military environment

In addition to the above requirements, the following are also required:

• Three (3) years of global compensation consultant experience

Additional qualifications that could help you succeed even further in this role include:

• Deep knowledge of compensation structures, market benchmarking, and salary survey data
• Communication and relationship-building skills with ability to influence
• Analytical and problem-solving skills
• Proficiency in Workday, Microsoft Teams, Excel
• Detail-oriented, with a high level of accuracy
• Propensity to improve and simplify processes

Work location: Remote - United States

Travel: May include up to [10%][domestic/international]

Relocation Assistance: May be authorized

Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).

Supporting Your Well-being 

Solventum offers many programs to help you live your best life – both physically and financially. To ensure competitive pay and benefits, Solventum regularly benchmarks with other companies that are comparable in size and scope. 

Applicable to US Applicants Only:The expected compensation range for this position is $137,439 - $167,981, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate’s relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.solventum.com/en-us/home/our-company/careers/#Total-Rewards

Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.

Solventum is committed to maintaining the highest standards of integrity and professionalism in our recruitment process.  Applicants must remain alert to fraudulent job postings and recruitment schemes that falsely claim to represent Solventum and seek to exploit job seekers.

Please note that all email communications from Solventum regarding job opportunities with the company will be from an email with a domain of @solventum.com. Be wary of unsolicited emails or messages regarding Solventum job opportunities from emails with other email domains.

Please note, Solventum does not expect candidates in this position to perform work in the unincorporated areas of Los Angeles County.Solventum is an equal opportunity employer.  Solventum  will not discriminate against any applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status.

Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.

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Carefully read these Terms of Use before using this website. Your access to and use of this website and application for a job at Solventum are conditioned on your acceptance and compliance with these terms.

Please access the linked document by clicking here, select the country where you are applying for employment, and review. Before submitting your application you will be asked to confirm your agreement with the
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