THANK YOU SO MUCH!!!
I realize this option has been here the whole time, but it’s a little buried. For clarification, the full path to this setting is Settings->Compiler settings->Build options tab. Here are some before/after numbers.
Processor - Core i5-2500k (Turbo at 4.00 GHz)
“Number of processes for parallel builds” now set to 6
Before:
Release - 3 min, 46s
Debug - 4 mins, 18s
After
Release - 1 min, 5s
Debug - 1 min, 21s