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Highly accomplished and results-focused Rewards leader with successful track record of designing, implementing, and driving effective strategic and operational initiatives across various areas of Compensation. Experienced in developing strong business partnerships, leveraging technical expertise and data-driven analytical solutions to create and emphasize a pay for performance culture, reducing barriers to execution while planning strategically within a highly matrixed structure, and presenting competitive total rewards packages tailored to align with Business objectives and Corporate policy.• Partner and consult with HR and Senior Business Leaders regarding Corporate Compensation programs and develop tailored compensation solutions to improve key business metrics such as turnover, bottom line, acquisition integrations, and career growth. Empower the business to make data-driven decisions. • Lead Executive Comp movements for two major business Groups, driving alignment with corporate objectives and executive talent retention.• Develop and Evaluate Compensation Proposals at all levels (including Executive), ensuring competitive positioning in the market.• Manage Year-End Compensation Review process in Workday with responsibility for $200M+ budget.• Design and Manage Incentive Compensation Plans & Programs for diverse business lines and advise on Sales plans to ensure consistent execution of compensation strategy.• Apply expertise pertaining to Long Term Incentive program (Annual & Off-Cycle Grants: Promotional, Performance, New Hire, and Retention)• Played a key role in M&A Integrations and Divestitures of varying sizes (Domestic and Global) from due diligence process thru integration, ensuring seamless transitions and alignment of compensation structures. • Administer Deferred Compensation Programs, meeting compliance standards • Support and promote Employee Recognition Programs, fostering a culture of appreciation and engagement.• Build and Evaluate Grade Structures & Banding, Create Job Families and Level Titles (Global Job Structure), Design and Implement Geographic and Shift Differentials across NA, Job Evaluation, Benchmarking/Market Intelligence, FLSA audits, Pay Equity Analysis, and Survey Participation.Education:■ Bachelor of Science - Providence College (Management; Finance Minor) ■ MBA - Suffolk University (HR concentration)■ Certified Compensation Professional - CCP (WorldatWork) Technical Specialties: ► Microsoft Office applications (Advanced Excel and PowerPoint skills). ► Experienced Workday and MarketPay user
Thermo Fisher Scientific
View- Website:
- thermofisher.com
- Employees:
- 99360
-
Sr Director, Compensation - Analytical Instruments, Lab Products, And Specialty Diagnostics Groups.Thermo Fisher ScientificBoston, Ma, Us -
Director, Compensation - Analytical Instruments Group & Specialty Diagnostics GroupThermo Fisher Scientific Apr 2022 - PresentWaltham, Ma, UsTotal Rewards leader for the Analytical Instruments Group and the Specialty Diagnostics Group within Thermo Fisher Scientific. Strategically designed and implemented impactful programs across multiple Global Divisions within a highly matrixed structure while partnering with various businesses to align compensation strategies with organizational goals, driving significant improvements in employee engagement, retention, and overall business success.Notable Accomplishments:• Business Integrations: In various lead roles, I spearheaded the Rewards integration efforts for companies such as Mesa Biotech, MarqMetrix, and The Binding Site. • Executive Compensation: Lead Exec Comp across two Groups to land and retain top talent, contributing to long term success for the company and shareholders. Rewards expert in company-wide project to revise, automate, and streamline offline Exec Movement process into Workday. • Annual Compensation Cycle: Effectively managed numerous annual comp cycles in Workday to drive pay for performance. Strategically allocate $200M+ Merit, Bonus, and LTI budget across 25,000 colleagues while successfully meeting and reporting on company metrics. • Collaborative Leadership and Team Development: Built strong relationships and actively engage with Business/HR leaders to understand how Rewards can add value that is tailored to the needs of each business. Developed a strong collaborative team while empowering team members to make decisions. Focus on opportunities to increase team exposure and skills for career advancement. • Agility: Exhibit exceptional agility implementing various pay actions and One Time Payments in response to market conditions during Covid and the subsequent post pandemic market swings, including inflationary pressures in 2023. Designed and implemented Comp programs for new $500M Viral Transport Media business which doubled the scope of the existing business in a matter of weeks and became the model for other Groups. -
Director, Compensation - Specialty Diagnostics GroupThermo Fisher Scientific Oct 2018 - Apr 2022Waltham, Ma, UsTotal Rewards leader for the Specialty Diagnostics Group within Thermo Fisher Scientific.Focus on strategic planning and the development, enhancement, and communication of Global Total Reward programs. Areas of application include business consultation, executive compensation, offer construction/review, pay structures, broad based compensation analysis, annual compensation planning process in Workday (Merit, Incentive Comp, and LTI), retention / recognition plan design, M&A due diligence thru integration, and ensuring Group & Division alignment with Corporate strategy and objectives. -
Manager, CompensationIron Mountain Jul 2016 - Oct 2018Boston, Massachusetts, UsCompensation leader for all NA Operation functions including Data Management & Sales (~8,500 EEs). Focus areas: Consult with senior leadership and recommend compensation proposals to ensure alignment with business strategy across several business lines and countries. Manage Anniversary and Annual Merit/IC/LTI review process. STI program design and execution. -
Compensation Business PartnerIron Mountain Dec 2013 - Jul 2016Boston, Massachusetts, UsManaged Compensation for North America Corporate Services Group (roughly 2,500 employees).- Provided compensation forecasting /analysis and presented recommendations to HR and Senior Business Leaders within IT, Finance, HR, Data Centers, Legal, Real Estate, Marketing, and Security Functions. Review compensation proposals (Base, IC, LTI, Title, Grade, etc) to ensure they align internally and externally with the market. Compensation partner for several small M&A Integrations and Global Recall Acquisition ($2B). Administered Executive and Board of Director Deferred Compensation Programs. Managed the Annual Compensation Review Process for Merit, IC, LTI for corporate employees. -
Compensation AnalystIron Mountain Apr 2012 - Dec 2013Boston, Massachusetts, UsProvided analytical support for North America Operations compensation. -
Senior Operations - Trade ControlAcadian Asset Management Mar 2006 - Apr 2012Boston, Ma, UsVarious specialized functions regarding trade processing and settlement, risk analysis, claim resolution, account reconciliation, month end / client reporting, cash reconciliation, new account set up, and reviewing work of specialists. -
Custody / Fund AccountingInvestors Bank & Trust Aug 2001 - Mar 2006Boston, UsSupervised and developed fund accounting staff by assigning funds, creating procedures, approving completed tasks, and managing work flow efficiencies to meet client deadlines.
Jim Mcmackin Skills
Jim Mcmackin Education Details
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Providence CollegeManagement With Minor In Finance -
Suffolk UniversityHuman Resources Management And Services -
World At WorkCompensation
Frequently Asked Questions about Jim Mcmackin
What company does Jim Mcmackin work for?
Jim Mcmackin works for Thermo Fisher Scientific
What is Jim Mcmackin's role at the current company?
Jim Mcmackin's current role is Sr Director, Compensation - Analytical Instruments, Lab Products, and Specialty Diagnostics Groups..
What is Jim Mcmackin's email address?
Jim Mcmackin's email address is mc****@****hoo.com
What is Jim Mcmackin's direct phone number?
Jim Mcmackin's direct phone number is (800) 899*****
What schools did Jim Mcmackin attend?
Jim Mcmackin attended Providence College, Suffolk University, World At Work.
What skills is Jim Mcmackin known for?
Jim Mcmackin has skills like Compensation Strategies, Compensation Planning, Base Pay Strategies, Variable Pay Strategies, Incentive Programs, Employee Stock Grants, Long Term Incentive Strategy, Deferred Compensation, Analytics, Total Rewards Strategies, Microsoft Office, Workday.
Who are Jim Mcmackin's colleagues?
Jim Mcmackin's colleagues are Edgar Daniel Lara Sauceda, Libor Strakos, Ammara Malik, Psyd, Laura Iacopini, Sophia Angela Bosnjak, Tang Renlong, Bavaro Cindy.
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